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<br />D. There is presently on file in the office of the <br />City's Director of Economic Development an Approval of Mortgage <br />and Subordination Agreement to be entered into with Norwest <br />Bank Minneapolis, N.A. and an Approval of Mortgage and Subordination <br />Agreement to be entered into with Midwest Federal Savings <br />and Loan Association of Minneapolis (collectively, the Subordination <br />Agreements"); <br /> <br />NOW THEREFORE, BE IT RESOLVED by the Council of the <br />City of Roseville, Minnesota, that the Acting Mayor and City <br />Manager are authorized to execute on behalf of the City the <br />Development Agreement and the Subordination Agreements. <br /> <br />The motion for the adoption of the foregoing resolution <br />was duly seconded by member Cushman <br />and upon vote being taken thereon, the following voted in <br />favor thereof: <br />Cushman, Kehr, Matson, and Johnson, <br /> <br />and the following voted against the same: None. <br /> <br />Whereupon said resolution was declared duly passed and <br />adopted. <br />