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494696v1 JSB AR200-17 1 CITY OF ARDEN HILLS, MINNESOTA RESOLUTION #2017-007 APPROVING AMENDMENTS TO MIF GRANT AGREEMENT, MIF LOAN AGREEMENT AND ABATEMENT CONTRACT FOR LAND O’ LAKES PROJECT WHEREAS, the City of Arden Hills, Minnesota (the “City”) has heretofore entered into a Grant Contract Number #CDAP-16-0008-H-FY16 (the “Grant Contract”) with the Minnesota Department of Employment and Economic Development and an Agreement for Loan of Minnesota Investment Fund – Forgivable Loan with Land O’Lakes, Inc. (the “Borrower”) dated April 12, 2016 (the “Loan Agreement”); WHEREAS, the City, the Borrower and Ramsey County, Minnesota (the “County”) have heretofore entered into an Abatement Contract for Private Redevelopment dated April 12, 2016 (the “Abatement Agreement); WHEREAS, the Borrower has requested that the City amend the Grant Contract pursuant to an Amendment No. 1 to CDAP-16-0008-H-FY16 (the “Grant Contract Amendment”), the Loan Agreement pursuant to a First Amendment to Loan Agreement (the “Loan Agreement Amendment”) and the Abatement Agreement pursuant to a First Amendment to Abatement Agreement (the “Abatement Agreement Amendment” and, together with the Loan Agreement Amendment and the Grant Contract Amendment, the “Amendments”), to among other things, clarify the number of pre-existing jobs at the Borrower’s Arden Hills and Shoreview, Minnesota locations; NOW THEREFORE BE IT RESOLVED by the City Council (the “Council”) of the City of Arden Hills, Minnesota as follows: 1. The Amendments as presented to the Council are hereby in all respects approved, in substantially the forms submitted, together with any related documents necessary in connection therewith (collectively, the “Amendment Documents”) and the Mayor and City Administrator (the “Authorized Officers”) are hereby authorized and directed to execute the Amendment Documents on behalf of the City and to carry out, on behalf of the City, the City’s obligations thereunder. 2. The approval hereby given to the Amendment Documents includes approval of such additional details therein as may be necessary and appropriate and such modifications thereof, deletions therefrom and additions thereto as may be necessary and appropriate and approved by legal counsel to the City and by the Authorized Officers to execute said documents prior to their execution; and said Authorized Officers are hereby authorized to approve said changes on behalf of the City. The execution of any instrument by the Authorized Officers shall be conclusive evidence of the approval of such document in accordance with the terms hereof. In the event of absence or disability of the officers, any of the documents authorized by this Resolution to be executed may be executed without further act or authorization of the Council by any duly designated acting official, or by such other officer or officers of the Council as, in the opinion of the City Attorney, may act in their behalf. Approved by the Council on March 13, 2017. _______________________________ David Grant, Mayor ATTEST: ______________________________ Julie Hanson, City Clerk