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hereby authorized and directed to execute the Development Agreement and the Purchase <br /> Agreement, as amended, on behalf of the City. <br /> 2. The City Council further approves Promissory Note and Guaranty (both as <br /> defined in the Development Agreement) which evidence and secure the Developer's obligations <br /> under the Purchase Agreement, in substantially the forms submitted. <br /> 3. The approval hereby given to the Development Agreement, Purchase Agreement, <br /> as amended, Promissory Note and Guaranty includes approval of such additional details therein <br /> as may be necessary and appropriate and such modifications thereof, deletions therefrom and <br /> additions thereto as may be necessary and appropriate and approved by the City officials <br /> authorized by this resolution to execute the Development Agreement and Purchase Agreement, <br /> as amended. The execution of the Development Agreement and Purchase Agreement, as <br /> amended by the appropriate officer or officers of the City shall be conclusive evidence of the <br /> approval of the Development Agreement and Purchase Agreement, as amended, in accordance <br /> with the terms hereof. <br /> The motion for adoption of the foregoing resolution was duly seconded by member Ryan <br /> and, after full discussion thereof, and upon a vote being taken thereof, the following voted in <br /> favor thereof: <br /> Mayor Malecha, Council Members Nagel, Oraskovich, Ryan, and Sjoblad <br /> and the following voted against same: None <br /> Adopted this 7th day of August, 2007. /,`"/".- �j <br /> Mayor <br /> Attest: <br /> City Clerk <br /> 2060538v2 2 <br />