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<br /> I' , PlC",6fT A ~ <br /> 1 AGREEMENT FOR LOAN OF ECONOMIC RECOVERY FUNDS! <br /> ,. SMALL CITIES DEVELOPMENT PROGRAM FUNDS <br /> '31<1> b Ft' (;./J1 sE..e <br /> THIS AGREEMENT is made and entered into as the!. day of <br /> 1 1996, by and between the City of Arden Hills, hereinafter called "City" and Cardiac Pacemakers, <br /> Inc., hereinafter called "Developer;" <br /> 1 <br /> WITNESSETH: <br /> 1 <br /> 1 WHEREAS, the City has applied to the Minnesota Department of Trade and Economic <br /> Development for a Minnesota Investment Fund Grant and has received preliminary approval for <br /> 1 said grant; and <br /> \VHEREAS, a Grant Agreement, hereinafter called "Grant Agreement," between the Minnesota <br /> I Department of Trade and Economic Development and the City has been executed and which <br /> Grant Agreement requires that the Developer, Cardiac Pacemakers, lnc. secure sufficient private <br /> financing and agree to loan terms with the City for Minnesota Investment Fund used to assist in <br /> Ie financing the project; and <br /> \VHEREAS, all parties to this agreement agree to incorporate into this agreement by reference <br /> 1 said MIF Grant Agreement, grant number CDAP-95-0334-H-F497, as is fully set forth herein <br /> word for word; <br /> 1 I'i"OW, THEREFORE, it is agreed by and between the parties hereto as follows: <br /> 1 <br /> 1 <br /> 1 <br /> 1 <br /> 1 <br /> fI I <br /> 1 <br />