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Resolution No. 9456 Page 2 (d) In order to achieve the objectives of the Redevelopment Plan, the City has determined to provide substantial aid and assistance in connection with the Redevelopment Plan through the financing of certain of the public redevelopment costs in the Project Area. (e) Everest Investments IV (the "Developer") and the City have prepared a Declaration (the "Declaration") to cause certain provisions of the Development Agreement to be covenants running with the land. 2. Approval. The City hereby approves the Declaration substantially in the form presented to the Council, to be dated as of its date of execution in 1997, and hereby authorizes the Mayor and City Manager to execute the Declaration on behalf of the City, with such additions and modifications as those officers may deem desirable or necessary, as evidenced by their execution thereof. 3. Filing with Recorder. Everest Investments IV shall file the Declaration with the Ramsey County Recorder. The motion for the adoption of the foregoing resolution was duly seconded by Member Maschka, and upon a vote being taken thereon, the following voted in favor thereof: Maschka, Mastel, Wiski, Goedeke, and Wall, and the following voted against the same: None. WHEREUPON said resolution was declared duly passed and adopted. STATE OF MINNESOTA) ) SS COUNTY OF RAMSEY ) I, the undersigned, being the duly qualified City Manager of the City of Roseville, County of Ramsey, State of Minnesota, do hereby certify that I have carefully compared the attached and foregoing extract of minutes of a regular meeting of said City Council held on the 8th day of September, 1997, with the original thereof on file in my office. WITNESS MY HAND officially as such Manager this 29th day of September, 1997. ~ SEAL