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Attachment B MEMORANDUM OF UNDERSTANDING BETWEEN CITY OF ROSEVILLE, MINNESOTA AND AEON This MEMORANDUM OF UNDERSTANDING ("MOU") is hereby made and entered into by and between the City of Roseville, "the City,"' and AEON, "the Developer."' A. PURPOSE 1. The purpose of this MOU is to identify the responsibilities of the City and the Developer in regards to the implementation of a grant awarded to the City by the Metropolitan Council through the Local Housing Incentives Account for the Sienna Green Phase 2 project. Nothing in this agreement shall be construed as altering the terms and conditions of the grant. B. THE CITY OF ROSEVILLE SHALL.- 1. Pass through grant funding awarded to the City from the Metropolitan Council's Local Housing Incentives Account (LHIA) in the amount of $300,000 to the Developer pursuant to the terms of the grant. 2. Prepare reimbursement request forms and provide all back up documentation as required by the Metropolitan Council for the off-site grant funded activities. 3. Review and submit all reimbursement requests completed for the Developer portion of the project to the Metropolitan Council. 4. Submit a request for a grant extension to the Metropolitan Council, if requested by the Developer. 5. Prepare required LHIA grant annual report, final report, and certificate of expenditures, pursuant to Metropolitan Council requirements for onsite grant funded activities for submittal by the City. 6. If requested, work with the Developer to convert grant funds for the onsite grant-funded activities to a loan in accordance with the process set forward in 2.03 of the grant contract. C. THE DEVELOPER SHALL.- 1. Complete the onsite grant-funded improvements described in the grant application. 2. Comply with all applicable state and federal laws and the agreement entered into by the City of Roseville and the Metropolitan Council specific to the LHIA grant. 3. Require contractors and subcontractors performing work covered by the LHIA grant to obtain all required permits, licenses and certifications, and comply with all state and federal Occupational Safety and Health Act regulations, especially the federal Hazardous Waste Operations and Emergency Response standards under Code of Federal Regulations, title 29, sections 1910.120 and 1926.65.