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<br /> . <br /> AGREEMENT BETWEEN . <br /> RAMSEY COUNTY HRA and CITY OF ARDEN HILLS <br /> FOR ENVIRONMENTAL RESPONSE FUNDS <br /> This is an Environmental Rcsponse Fund Grant Agrcement between the Ramsey County <br /> Housing alld Redevelopmcnt Authority ("BRA") and City of Arden Hills ("GRANTEE"). <br /> WHEREAS, On December 22,2002, the HRA approved an increase in the mortgage <br /> registration and deed tax effective Febmary 1, 2003, for the purpose of creating an <br /> Environmental Response Fund pcr Minnesota Statutes, section 383A.80; and <br /> WHEREAS, on June 30, 3006, based upon an application from GRANTEE dated May 1, <br /> 200() ("APPLICATION"), the HRA approved an Environmental Response Fund grant to the <br /> GRANTEE in the amount of Fi l1y Thousand Dollars ($50,000.00) for remediation activities at <br /> the Gateway Business Centcr/STS Steels site in the City of Arden Hills; and <br /> NOW, TI IEREFORE, it is agreed: <br /> 1. Grant Amount <br /> The HRA grants the GRANTEE a sum not to exceed Fifty Thousand Dollars <br /> (S50,OOO.clO) which funds shall be used only to reimburse it for expenses incurred after <br /> JUlie 20, 2006, in perfonning activitics specified in the APPLICATION, which is . <br /> incorporated herein by reference, to the cxtcnt those activitics arc within the scope of <br /> Minnesota Statutes S383A.81. <br /> 2. Payment <br /> Grant funds will be disbursed to the GRANTEE on a reimbursement basis only. <br /> Requests for paymcnt must be accompanied by such documentation as deemed <br /> reasonable by thc lIRA, in its sole discretion, including but not limited to vendor invoices <br /> and proof of payment for eligible activities and by a certification that expenditures were <br /> made f(.)f environmental remediation activities specified in the APPUCA TION and no <br /> other funds were then available to reimburse these expenses. <br /> 3. Reporting <br /> Upon the expenditure of all funds covered by this Agreement, the GRANTEE shall <br /> submit a report to the HRA on the progress of the work and a financial summary of all <br /> sources and uses of funds [or the work. <br /> 4. Accounting and Record Keeping <br /> For all expenditures of funds made pursuant to this Agreement, GRANTEE shall keep <br /> financial records including properly executed contracts, invoices, and other documents <br /> sufficicnt to evidencc in propcr detail thc naturc and propriety of the expenditures. . <br /> I <br />