HomeMy WebLinkAbout2017-007 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:
Jul' Hanson, City Clerk