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EDA2001-1.doc CITY OF CHANHASSEN CARVER AND HENNEPIN COUNTIES, MINNESOTA DATE: March 21,2001 RESOLUTION NO: 2001-1 MOTION BY: Bohn SECONDED BY: Jansen A RESOLUTION AUTHORIZING THE ECONOMIC DEVELOPMENT AUTHORITY'S USE OF THE TAXABLE LEASE REVENUE BONDS BE IT RESOLVED, that the Economic Development Authority in and for the City of Chanhassen, does hereby authorize the use of the Taxable Lease Revenue Bonds in the event the City wishes to improve it's liquidity in the future; and BE IT FURTHER RESOLVED, that the Chairperson and Executive Director are hereby authorized and directed to execute all documents necessary to Passed and adopted this 21st day of March, 2001, by the Economic Development Authority in and for the City of Chanhassen. ATTEST: Chairperson Executive Director