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2011_0620_packet
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2011_0620_packet
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2/15/2012 1:34:41 PM
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12/21/2011 2:53:55 PM
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LOCAL N G ,:V'i,"-li,�-�"' ACCOUNT <br />Council'Action. "Council Action7' means, the action or deon of the governing, biold,y of the <br />Metropolitan Council, on, the meeting date identified at Page 1 of this Agreement, by which <br />the Grantee was, awarided Local Housing Incentives, Account funds. <br />i <br />(b) Development Authority. "Development Authority" means a housing and redevelopment <br />authority, economic development, authority, or port authority. <br />kc) Municipauty. "Municlipality" means a statutory or home niJe chart,eir city or town in the <br />sev,en-icounty metropolitan area defined by Minnesota Statutes seictioln, 473.121, subdivision 2. <br />(d) Participating Municiplattry. "Tardc1pating Municipality"' means a Murficipality electm*g t <br />partic* ate in the Local <br />g g <br />Housin Incentives Account proram. under Mi*uinnesota Statutes sectio <br />IP )I <br />473.,254. <br />('e) Project, Unless cilearly indicated otherwise by the context of a specific provision of this <br />Agreement ",Project means the development or redevelopment, project identified in the <br />application, for Local Housing Incentives Account funds, for which grant funds were requested. <br />Grant-funded activities typically, are complonents ofthe Project. <br />11. GRANT FUNDS <br />012,., Match Requirement. Pursuant to Minnesota Statutes, section 473.254, subdivision 6, th <br />I hi <br />Grantee shall match on a, dollar-for-dollar basis, the total Grant Amount rec e iv ed from the Counc" <br />under Section 2.01. The source and, amount of the dollar-for-dollar match shall be 'Identified by th <br />Grantee in the report(s) required under Section 3.O�3. <br />Page 2 of 10 Pages <br />
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