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Attachment B I AMENDED AND RESTATED 2 MEMORANDUM OF UNDERSTANDING 3 BETWEEN CITY OF ROSEVILLE, MINNESOTA AND 4 SNELLING AVENUE, LLC 5 6 THIS AMENDED AND RESTATED MEMORANDUM ("Amended and Restated 7 MOU") is hereby made and entered into by and between the City of Roseville, "the City,"' and 8 Sienna Green 11 Limited Partnership, "the Developer."' 9 10 WHEREAS,, the City and Snelling Avenue, LLC, previously entered into a Memorandum 1.1 of Understanding Between City of Roseville, Minnesota and Snelling Avenue, LLC ("Original 12 MOU11), . and 13, 14 WHEREAS,, all of the rights, duties and obligations of Snelling Avenue, LLC in the 15 MOU have been assigned to the Developer; and 16 17 WHEREAS,, the City of Developer desire to amend and restate the Original MOU by 18 means of this Amended and Restated MOU,, which shall constitute the complete MOU and shall 19 supercede in all respects the provisions of the Original MOU; 20 21 NOW THEREFORE,, for good and valuation consideration, the City and Developer 22 hereby amend and restate the Original MOU in its entirety as follows.- 23, 24 A. PURPOSE 25 26 1. The purpose of this MOU is to identify the responsibilities of the City and the Developer in 27 regards to the implementation of a grant awarded to the City by the Metropolitan Council 28 through the Local Housing Incentives Account for the Sienna Green Phase 2 project. Nothing 29 in this agreement shall be construed as altering the terms and conditions of the grant. 310 311 B. THE CITY OF ROSEVILLE SHALL.- 312 313, 1. Pass through grant funding awarded to the City from the Metropolitan Council's Local 314 Housing Incentives Account (LHIA), in the amount of $,300,,000 to the Developer pursuant to 315 the terms of the grant. 316 2. Prepare reimbursement request forms and provide all back up documentation as required by 317 the Metropolitan Council for the off-site grant funded activities. 318 3. Review and submit all reimbursement requests completed for the Developer portion of the 319 project to the Metropolitan Council. 40 4. Submit a request for a grant extension to the Metropolitan Council, if requested by the 41 Developer. 42 5. Prepare required LHIA grant annual report, final report, and certificate of expenditures, 43, pursuant to Metropolitan Council requirements for onsite grant funded activities for submittal 44 by the City.