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<br />. <br /> <br />. <br /> <br />. <br /> <br />TAX BASE REVITALIZATION ACCOUNT <br /> <br />3.03 Rcport Requirements. The Grantee will report to the Council on the status of the project <br />activities described in Attachment A and the expenditures of the grant funds. Submission of <br />properly completed paymcnt requcst forms required under Paragraph 2.05 will constitute periodic <br />status reports. The Grantee also must complete and submit to the Council within sixty (60) days <br />after thc terrnination or expiration of this Agrccment a final monitoring and cvaluation report, thc <br />fonn and content of which repOli will be determined by the Council. In addition to the periodic <br />statuo repOlis and the final monitoring and evaluation report, the Grantee must submit to the Council <br />by March 1 of thc ycar following thc expiration of this Agreement and by March I of each of the <br />succeeding three (3) years, an annual written report that includes infornJation about redevelopment <br />activitics, net tax capacity of the Site, and jobs rcsulting from Sitc cleanup. If the projcct activitics <br />described in Attachment A are not completed when this Agreement expires, the Grantee must <br />continue to submit thc arillual written report described in the preceding sentence: (a) until the project <br />activities are completed and for thrcc (3) years after thc projcct activities arc completed; or (b) for <br />five (5) ycars following the expiration of this Agrcemcnt, whichever time period is shorter. The form <br />and content of thc annual writtcn repoli will be detem1ined by the Council. The reporting require- <br />mcnts of Paragraphs 3.03 and 3.04 shall survive the temlination or expiration of this Agreement. <br /> <br />3.04 Certificate of Completion. Upon completion of the Site cleanup, the Grantee will provide to <br />the Council: <br /> <br />(a) f()r hazardous waste or substance contamination, a copy of a eeliificate of completion f(,r the <br />Sitc issued by the Minnesota Pollution Control Agcncy pursuant to MirUlcsota Statutcs scction <br />1158.175, or a letter from the Agency indicating that the approved voluntary response action <br />plan for the Sitc has been implemented to thc satisfaction of the Agency and that the Agcncy is <br />issuing a dctcrn1ination that no further action is required under Minnesota Statutcs sections <br />115B.01 to I] 5H.08 to address the identificd rclcasc; or <br /> <br />(b) for asbestos contamination, a copy of a statement from the Grantee's licenscd asbcstos abatc- <br />ment contractor that the project-specific asbestos project plan and asbcstos-related work for the <br />Sitc have been completcd in accordancc with the rules ofthc Mirmcsota Dcpartmcnt ofHcaIth; or <br /> <br />(c) for petroleum contamination, a copy of a site clooure lettcr issued by the Minnesota Pollution <br />Control Agency pursuant to Minnesota Statutcs chapter] 15C; or <br /> <br />(d) for lead abatcment or rcgulatcd Icad work, a copy of a statcmcnt or othcr documcntation from thc <br />certitlcd contractor that the lead abatement or regulatcd lead work at the Site has been completed in <br />accordance with applicable federal and state laws, rules and standards governing lead abatcment. <br /> <br />IV. RECOVERY AND REPAYMENT <br /> <br />4.01 Recovery of Funds. If the Grantee recovcrs funds pursuant to an action under Minnesota <br />Statutes section 115B.04, or other law, to recover the reasonable and necessary Project Costs <br />incurred to cleanup thc Site, thc Grantee shall repay to the Council that portion of the grant as <br />provided in Paragraph 4.04. <br /> <br />4.02 Assignmcnt of Rights. Upon request of the Council, the Grantee shall assign to the Council the <br />Grantee's right to recover the funds desclibed in Paragraph 4.0 I, shall prepare and submit a ceriitication <br />of the Project Costs incurred, and shall cooperate in any cost recovery action brought by the Council. <br /> <br />Page 5 0/9 Pages <br /> <br />lXf <br />