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<br />GENERAL OBLIGATION BOND PROCEEDS <br /> <br />GRANT AGREEMENT <br />OUTDOOR RECREATION <br />for the <br />CITY OF CENTERVILLE CITY PARK PROJECT <br /> <br />THIS AGREEMENT shall be effective as of September 9, 2006, and is between <br />City of Centerville, a Minnesota City (the "Public Entity"), and the Minnesota Department of <br />Natural Resources (the "State Entity"). <br /> <br />REelT ALS <br /> <br />A. Under the provisions contained in the Minnesota Laws of2006, Chapter 258, Section <br />7, Subdivision 25, the State Entity has been given the authority to provide grants to local units of <br />government to acquire and better parks and outdoor recreation areas under Minnesota Statutes, <br />Section 85.019, subdivision 2; and for grants to local units of government to acquire and better <br />outdoor recreation areas under Minnesota Statutes, section 85.019, subdivision 4a. <br /> <br />B. Under the provisions contained in the Minnesota Laws of2006, Chapter 258, Section <br />7, Subdivision 25, the State Entity has been given the authority to provide grants to local units of <br />government to acquire and better parks and outdoor recreation areas under Minnesota Statutes, <br />Section 85.019, subdivision 2; and for grants to local units of government to acquire and better <br />outdoor recreation areas under Minnesota Statutes, Section 85.019, subdivision 4a. the State of <br />Minnesota has allocated $150,000.00, which is to be given to the Public Entity as a grant to assist <br />it in the City of Centerville City Park Proiect as authorized by Minnesota Statutes 84.026; and <br /> <br />C. Because the monies allocated to fund the grant to the Public Entity are proceeds of <br />state general obligation bonds authorized to be issued under Article XI, S 5(a) of the Minnesota <br />Constitution; and <br /> <br />D. The Public Entity and the State Entity desire to set forth herein the provisions relating <br />to the granting of such monies and the disbursement thereof to the Public Entity. <br /> <br />IN CONSIDERATION of the grant described and other provisions in this Agreement, the <br />parties to this Agreement agree as follows. <br /> <br />Article I <br />DEFINITIONS <br /> <br />Section 1.01 Defined Terms. As used in this Agreement, the following terms shall have <br />the meanings set out respectively after each such term (the meanings to be equally applicable to <br />both the singular and plural forms of the terms defined), unless the context specifically indicates <br />otherwise: <br /> <br />"Agreement" - means this General Obligation Bond Proceeds Grant Agreement for <br />the City of Centerville City Park Project. <br /> <br />City of CentcrvilJe City Park <br />9/11/2006 <br /> <br />3 <br /> <br />;0 <br />