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HomeMy WebLinkAboutpf_03385 REQUEST FOR HRA ACTION Date: 04-15-03 Item No: 7.b. Agenda Section: Action Items Approval of Roseville Local Development Corporation and Election of Officers for 2003 Staff Approval: CB Item Description: 1.0 2.0 2.1 2.2 2.3 2.4 REQUESTED ACTION Accept the assets and liabilities of the Roseville Local Development Corporation and~~c~l~ Officers for 2003. ~, l,..C<., ..'\] BACKGROUND The City's Local Development Corporation was fonned in 1988 with the purpose of securing Federal Housing and Urban Development (HUD) funds to establish a low interest loan program specifically for the senior housing project on County Road B called Villa Park. The purpose of the loans was to provide seniors with an alternative for financing the purchase of condominiums at Villa Park, therefore making many of the units affordable. For the City to secure the HUD funds for this purpose, HUD required the establishment of a Local Development Corporation (LDC). This enabled the City to collect the program income once the loans were paid back. The program income must be used under the HUD guidelines for low-moderate income residents. There' are currently four loam; outstanding with residents in the Villa Park complex. The LDC is collecting the intel'e?t only on these loans. They are due and payable in full upon ;,;... .i' ~ sale of the Villa Park unit. . At the 2002 annual meeting of the LDC the City Council, acting as the Board of Directors, requested that staff research the continued need for the LDC. In discussion with Ramsey County, it was recommended that the LDC remain in force until all of the loans are repaid. Once the loans are fully paid, the LDC could be abolished. Ramsey County also suggested that the use of the program income currently collected could be used by the newly established HRA. in Roseville for eligible projects that serve low-to- moderate income residents. The HRA primarily has the same authOIjty as the. LDC for. use of the federal funds. ~., J.I.-JA t.M.t (X..~. ~~~ ~ (j i'~J.[- ~ ~ '#o)~ (1,U. f/JkJ-'1YkJ0I. In January 2003, the City Council,'as the Board of Directors of the LCD, transferred the W'l~ responsibility of the LDC to the HRA. This includes the management of assets and liability as well as serving as the Board of Directors. LDC RHRA Action (041503) - Page 1 of2 PUBLIC NOTICE Public Meeting Notice is hereby given that the Housing and Redevelopment Authority, acting in its role as the Local Development Corporation, of the City of Roseville will hold its regular annual meeting at Roseville City Hall, 2660 Civic Center Drive, on Tuesday, April 15, 2003 at 8:00 p.m., for the purpose of electing new officers. Members of the City Council may be in attendance. AI{! {jat; Neal Beets, City Manager Posted: April 9, 2002 J BY-LAWS OF THE HOUSING AND REDEVELOPMENT AUTHORITY IN AND FOR THE CITY OF ROSEVILLE, MINNESOTA 1. THE AUTHORITY SECTION 1.1. Name of the Authority. The name of the Authority shall be the Housing and Redevelopment Authority in and for the City of Roseville, Minnesota (hereinafter, the "Authority"), and its governing body shall be called the Board of Commissioners (hereinafter, the "Board"). SECTION 1.2. Office. City Hall. The principal office of the Authority shall be the Roseville SECTION 1.3. Seal. The Authority shall have no official seal. 2. ORGANIZATION SECTION 2.1. Officers. The officers of the Authority shall consist of a Chairman, a Vice Chairman, a Secretary, and an Executive Director. The Chairman, the Vice Chairman, and the Secretary shall be members of the Board and shall be elected at the annual meeting of the Authority, and no Commissioner shall hold more than one such office at the same time. SECTION 2.2. Chairman. The Chairman shall preside at all meetings of the Board. SECTION 2.3. Vice Chairman. The Vice Chairman shall preside at any meeting of the Board in the absence of the Chairman and may exercise all powers and perform all responsibilities of the Chairman if the Chairman cannot exercise or perform the same due to absence or other inability. SECTION 2.4. Chairman Pro Tern. In the absence or inability of the Chairman and the Vice Chairman at any meeting, the Board may appoint any remaining Commissioner as Chairman Pro Tern to preside at such meeting. SECTION 2.5. Secretary. In the absence of the Clerk, the Secretary shall keep minutes of all meetings of the Board and shall maintain all records of the Authority. The Secretary shall also have such additional duties and responsibilities as the Board may from time to time and by resolution prescribe. SECTION 2.6. Executive Director. The Executive Director shall be appointed by resolution and shall serve at the pleasure of the Board Of Commissioners, shall be the chief appointed executive officer of the Authority, and shall have such additional responsibilities and authority as the Board may from time to time by resolution prescribe. In addition, the Executive Director is responsible for recording and maintaining accurate records of the meetings of the Board and of all official actions taken by or on behalf of the Authority. 3. PROCEDURES OF BOARD OF COMMISSIONERS SECTION 3.1. Annual Meeting. The annual meeting of the Board shall be held on the 3rd Tuesday of the month of January in each year. SECTION 3.2. Regular Meetings. The Board shall hold regular meetings on the 3rd Tuesday of each month, commencing at 7:00 o'clock p.m., C.T., or at such other time as the Board may determine. SECTION 3.3. Special Meetings. Special meetings of the Board may be called by the Chairman or, in the event of the Chairman's absence or inability, by the Vice Chairman at any time, upon twenty-four hours prior notice to all Commissioners and the Clerk and Executive Director. Upon the same notice, special meetings of the Board may also be called by any two Commissioners. The Clerk shall post notice of any special meeting in the principal office of the Authority no less than twenty-four hours prior to such special meeting. SECTION 3.4. Quorum. A quorum of the Board shall consist of four if the Board consists of seven Commissioners and three if the Board consists of five Commissioners. In the absence of a quorum, no official action may be taken by, on behalf of, or in the name of the Board or the Authority. SECTION 3.5. Adoption of Resolutions. Resolutions of the Board shall be deemed adopted if approved by not less than a simple majority of all Commissioners present. Resolutions may but need not be read aloud prior to vote taken thereon and may but need not be executed after passage. SECTION 3.6. Rules of Order. The presider shall conduct the meetings of the Board in such a fashion as to efficiently transact public business in compliance with law and fairness. In this regard, Robert's Rules of Order may be used as a parliamentary guide, but the sense of the Board operating in compliance with law and fairness rather than Roberts' Rules of Order shall prevail in resolving all procedural issues. Board members may appeal procedural decisions of the presider by a motion that is made and seconded at the time of the presider's action or inaction. Such appeal motion shall have priority over all other motions. A majority of the quorum in attendance voting in favor of the appeal motion is sufficient to reverse the presider's ruling. 4. MISCELLANEOUS SECTION 4.1. Fiscal Year. The fiscal year of the Authority shall be the calendar year. SECTION 4.2. Execution of Contracts. All contracts, notes, and other written agreements or instruments to which the Authority is a party or signatory or by which the Authority may be bound shall be executed by the Chairman and/or the Executive Director or by such other Commissioners or officers of the Authority as the Board may by resolution prescribe. SECTION 4.3. Amendment of By-Laws. These By-Laws may be amended by the Board only by not less than a majority vote of all the Commissioners, provided that any such proposed amendment shall first have been delivered to each Commissioner at least five days prior to the meeting at which such amendment is considered. Roseville Local Development Corporation Annual Meeting Agenda January 28, 2002 6:00 p.m. I. Call Meeting to Order II. Approval of Minutes of January 22, 2001 III. Election of Officers for 2002 IV. Other Business V. Adjourn ;1 ~: pm~ ~C/J2.1~ eledun.: 111~ -- PMo. ~ b:J ~~ ~'A.'JJ-. __ ~ ~ .~ ~~ p~_~~~Yr~' ~~-~ Q'IL""D""O""""'CO"'ILDCAP ~ 4 S~ ~~~Jvw~~f~~ cl JlJ.fL' ktwA VJ~ ~~~. "j .~ )UpdJilJ +- - r. ~ · Mj. 1\, Roseville Local Development Corporation Minutes The meeting of the Roseville Local Development Corporation (LDC) was Roll Call called to order by President Dean Maschka, at 6: 15 p.m. at Roseville City Hall on Monday, January 22, 2001. The following members were present: Goedeke, Mastel, and Maschka Members Absent: Kysylyczyn. Goedeke moved, Mastel seconded that the Local Development Corporation Minutes minutes of January 22, 2000, be approved. Roll Call, Ayes: Goedeke, Mastel and Maschka Nays: None. Goedeke moved, Mastel seconded, that the following officers be elected: Election of Officers President Secretary Treasurer Secretary I s Designee John Goedeke Barbara Mastel John Kysylyczyn Dean Maschka Roll Call, Ayes: Goedeke, Mastel, and Maschka and Wall. Nays: None. Mastel moved, Goedeke seconded, that the meeting be adjourned at 6:25 Adjournment p.m. Roseville Local Development Corporation Minutes The meeting of the Roseville Development Corporation (LDC) was called to order by John Kylysyczn at 6:00 p.m. at the Roseville City Hall on January 28,2002 ROLL CALL Maschke moved that the Local Development Corporation minutes of January 22,2001, be approved. Roll Call Ayes: Maschke, Kysylyczn, Schroeder, Kough, Klausing. Nays: None. MINUTES The following officers were elected: ELECTION OF OFFICERS President Secretary Treasurer Secretary's Designee Member John Kylysyczn - nominated by Kough Dean Maschka - nominated by Kough Tom Kough - nominated by Klausing Craig Klausing - nominated by Schroeder Greg Schroeder - nominated by Klausing Roll Call, Ayes: Kylysyczn, Maschka, Kough, Klausing, Schroeder. Nays: None. Kylysyczn moved, Klausing seconded, Roseville staff review of the continued validity of a LDC and report back at the next annual meeting so a determination can be made to continue or abolish. OTHER BUSINESS Kough moved that the meeting be adjourned at 6:25 p.m. ADJOURNMENT \\Planning Files\3350-3399\3385_Local Dev. Corp\Roseville Local Development Corporation Minutes 2002.doc Rf)SBVIbbE Memorandum To: Roseville Local Development Corporation, Neal Beets, City Manager From: Cathy Bennett, Economic Development Specialist Dennis Welsch, Community Development Director Date: January 27,2003 Description: Annual Meeting of the Local Development Corporation January 27, 2003 1.0 BACKGROUND 1.1 The City's Local Development Corporation was formed in 1988 with the purpose of securing Federal Housing and Urban Development (HUD) funds to establish a low interest loan program specifically for Villa Park. The purpose of the loans was to provide seniors with an alternative for financing the purchase of condominiums at Villa Park, therefore making many of the units affordable. For the City to secure the HUD funds for this purpose, HUD required the establishment of a Local Development Corporation (LDC). This enabled the City to collect the program income once the loans were paid back. The program income must be used under the HUD guidelines for low-moderate income residents. 1.2 There are currently three loans outstanding with residents in the Villa Park complex. The LDC is collecting the interest only on these loans. They are due and payable in full upon sale of the Villa Park unit. 1.3 The Council, as the Board of Directors of the LCD, is required at least to meet annually to elect new officers. In addition, the LDC may call periodic meetings throughout the year as needed. 1.4 At the 2002 annual meeting the Council requested that staff research the continued need for the LDC. In discussion with Ramsey County, it was recommended that the LDC remain in force until all of the loans are repaid. Once the loans are fully paid, the LDC could be abolished. Ramsey County also suggested that the use of the program income currently collected could be used by the newly established HRA in Roseville for eligible projects that serve low-to-moderate income residents. The HRA primarily has the same authority as the LDC for use of the federal funds. LDC Memo to Manager (012703) - Page 1 of 2 2.0 POLICY & FINANCIAL IMPLICATIONS 2.1 As of January 2,2003, the LDC Block Grant (Villa Park) has assets including $288,035 in cash and $90,000 in four notes receivable from Villa Park condo owners. The liabilities include $228,887 due back to HUD and/or to be used for additional local housing programs in accordance with HUD guidelines. 2.2 Per the requirements of the LDC Bylaws, on January 6,2003 public notice was posted for the January 27,2003 annual meeting. The time for the meeting has been set at 5:50 p.m. 3.0 STAFF RECOMMENDATION 3.1 Staff is recommending that the LDC, along with its assets and liability, be transferred to the Roseville HRA. The use of the program income can be incorporated into the HRA's Housing Program and budget in 2003. Upon transfer of the LDC, the HRA will hold an annual public meeting to elect officers and do the business of the LDC. 4.0 LDC SUGGESTED ACTION 4.1 Motion to transfer the Roseville Local Development Corporation, its assets and liabilities, to the Roseville Housing & Redevelopment Authority effective immediately, subject to final review and approval of content and format by the City Attorney and City Finance Officer. 4.2 If no further business is required, motion to close the Roseville Local Development Corporation's annual meeting. Attachments: 2003 LDC Agenda LDC Minutes 2002 \\Victoria\CommDev\Planning Files\3350-3399\3385_Local Dev. Corp\ldc memo annual mtg Ol2703.doc LDC Memo to Manager (012703) - Page 2 of 2 Bennett, Cathy From: Sent: To: Subject: Matson, Roxanne Wednesday, January 23, 2002 9:22 AM Bennett, Cathy Villa Park ;2.00 ~ Here is the Villa Park info. Elsie Bilotta - $20,000.00 - 8/15/91 Winnifred Brick - $20,000.00 - 3/27/90 _Virgil GresR $20,000.00 4/24/9J.. Michael & June Joyce - $25,000.00 - 5/25/90 Agnes Rucci - $25,000.00 - 2/6/89 RoXCl\l\,\I\,e MCltso\l\, cLtlj of RosevLLLe FL\I\,Cl\l\,ce A\I\,ClLljst (G5i) 430-22i5 ~~'. ~. ,-eJ- ~ oP ~eP6~ ~? ~ ~ [o~. ~p. 00 1 CITY OF ROSEVILLE User: bdavitt LDC Blk Grant (Villa Park) 720 Assets Cash Investment Income Receivable Notes Receivable Assets Total: Liabilities Due to other Governments Liabilities Total: Fund-Balance Fund Balance Fund Balance Fund-Balance Total: Retained Earnings: Total Fund Balance and Retained Earnings: Total Liabilities, Fund-Balance and Retained Earnings: General Ledger Balance Sheet Printed: 01/23/2002 8:26 ,2001 130,127.26 10,394.20 110,000.00 250,521.46" 228,887.37 228,887.37" 13)66.43 (488.61) 13,277.82" 8,356.27'* 21,634.09" 250,521.46 ." Page 1 REQUEST FOR CITY COUNCIL ACTION Date: 01.06.03 Item No: Department Approval: QQb---- - Item Description: Agenda Section: CONSENT Set AImual Meeting of the Roseville Local Development Corporation Manager Approved: 1.0 REQUESTED ACTION 1.1 By motion, set a meeting date for the Roseville Local Development Corporation (LDC). 2.0 BACKGROUND 2.1 The City's Local Development Corporation was fom1ed in 1988 to access funds from the U.S. Housing and Urban Development (HUD) in conjunction with the low interest loan program at Villa Park 2.2 The Council meets mmually, prior to a regular meeting, as the LDC to elect new officers and to discuss other organizational business. In the past, the meeting date has been set by the Council and public notice has been provided per the City public notice procedures. 3.0 SUGGESTED COUNCIL ACTION 3.1 By motion, approve January 27,2003, at 5 :50 p.m., as a date and time for the meeting of the Roseville Local Development Corporation. \\CommDev\Planning Files\3350-3399\3385 _Local Dev. Corp\RCA_ 0 I0603.doc ReA (010603) - Page 1 of 1 ~~ PUBLIC HEARING NOTICE TO WHOM IT MAY CONCERN: Notice is hereby given that the City Council, acting in its role as the Local Development Corporation, of the City of Roseville will hold its regular annual meeting at Roseville City Hall, 2660 Civic Center Drive, on Monday, January 27, 2003 at 5:50 p.m., for the purpose of discussing its organizational structure and electing new officers. Neal Beets, City Manager Rl'sevfbbE Memorandum Date: 01/28/02 Local Development Corporation To: Neal Beets, City Manager Date: Cathy Bennett, Economic Development Specialist ~ January 23,2002 From: Description: Annual Meeting of the Local Development Corporation January 28,2002 1.0 BACKGROUND 1.1 The City's Local Development Corporation was formed in 1988 with the purpose of securing Federal Housing and Urban Development (RUD) funds to establish a low interest loan program specifically for Villa Park. The purpose of the loans is to provide seniors with an alternative for financing the purchase of condominiums at Villa Park, therefore making many of the units affordable. For the City to secure the RUD funds for this purpose they were required to establish a Local Development Corporation (LDC). 1.2 The Council, as the Board of Directors of the LCD, is required to annually meet to elect new officers. In addition, the LDC may call periodic meetings throughout the year as needed. 1.3 The Board of Directors for 2001 consists of the following officers: President: Secretary: Treasurer: Secretary Designee: John Goedeke Barbara Mastel John Kysylczyn Dean Maschka 2.0 POLICY & FINANCIAL IMPLICATIONS 2.1 At this time there are no fiscal implications being considered under the LDC. The annual meeting is being held for the sole purpose of electing new officers per the LDC Bylaws. The officers of the corporation shall be a president, a secretary, a treasurer, and, if the Board of Directors shall so elect, one or more vice presidents or other designees. 2.2 Per the requirements of the LDC Bylaws, public notice was posted regarding the annual LDC Memo to Manager (012802) - Page 1 of 2 meeting on January 8, 2002 and the annual meeting date was set for January 28, 2002 at 6:00 p.m. by the City Council at the January 7, 2002 Council Meeting. 2.3 Currently there are 5 loans outstanding under the LDC Block Grant Program for Villa Park. The total amount of loans outstanding is SII 0,000. The loans recipients make monthly interest payments and the principal of the loan is due upon sale of units or death. 2.4 Recent legislative actions will necessitate a review of the LDC and a City Council decision whether to continue its existence or to dissolve the LDC. Because the LDC continues to have outstanding loans and other future Federal grants may require the existence of an LDC, staff willlikel y recommend the continued existence of the LDC for the City ofRoseville. 3.0 STAFF RECOMMENDATION 3.1 In accordance with the LDC Bylaws staff is recommending that the annual meeting be held, minutes from 2001 annual meeting be adopted and new officers be elected for 2002. 4.0 LDC ACTION 4.1 Motion to open the Roseville Local Development Corporation annual meeting 4.2 Motion to elect new officers as follows: President: Secretary: Treasurer: Board Member: Board Member: Secretary Designee: 4.3 If no fmther business is required, motion to close the Roseville Local Development Corporation's annual meeting. Attachments: 2002 LDC Agenda LDC Minutes 2001 LDC Articles ofIncorporation, Bylaws Q:\Local Development Corp\RCA_012802.doc LDC Memo to Manager (012802) -Page 2 of2 Roseville Local Development Corporation Annual Meeting Agenda January 28, 2002 6:00 p.m. I. Call Meeting to Order II. Approval of Minutes of January 22, 2001 III. Election of Officers for 2002 IV. Other Business V. Adjourn Q:\Local Development Corp\LDC Agenda 2002.doc PUBLIC NOTICE Public Meeting Notice is hereby given that the City Council, acting in its role as the Local Development Corporation, of the City of Roseville will hold its regular annual meeting at Roseville City Hall, 2660 Civic Center Drive, on Monday, January 28, 2002 at 6:00 p.m., for the purpose of electing new officers. Neal Beets, City Manager Posted: January 8, 2002 Neal 1. Beets, City Manager Posted: January 2, 2002 BYLAWS OF ROSEVILLE LOCAL DEVELOPMENT CORPORATION AR1.'ICLE I OFFICES2__~QgJ~)QR:ATE__~EAL Section 1.1. Registered Office. The registered office of the corporation in the State of Minnesota shall be located in the city, town, or other community specified in the Articles of Incor- poration or any amendment or restatement thereof or in a certifi- cate of change of registered office filed wi th the Secretary of State of Minnesota. Section 1.2. Other Offices. The corporation may have such other off ices, wi th:Ci1""- or wi thout the State of Minnesota, as the Board of Directors may from time to time determine. Section 1. 3. corporate seal. Seal. The corporation shall not have a ARTICLE II MEMBERS Section 2.1. Qualification~ Number. The articles of incorporation provide that the directors of the corporation shall be the only members of the corporation. Accordingly, the qualifications of members shall be those of directors, and the number of members shall be I imi ted to the number of persons who shall, from time to time, compromise the board of directors as provided in Section 3.2 hereof. Section 2.2. Property and Voting Rights. No member shall have any right, title, or interest in or to any of the property or assets of the corporation and, in accordance wi th the articles of incorporation, members shall have voting rights only as directors. Section 2.3. Meetings. Since the directors are the only members of the corporation and have voting rights only as directors and not as members, there shall be no meetings of the members as such. ARTICLE III DIRECTORS Section 3.1. General Powers. The property, affairs and business of the corporatIon shaLe-be' managed by the Board of Direc- tors. Section 3.2 Number i Qualif:icatio_ni '.ferm of Office. The directors of the corporation shall consist of'ancr"shalI'b-e--limited to those individuals who from time to time comprise the members of the City Council of the City of Roseville, Minnesota, elected or appointed in accordance with the charter of the City of Roseville, Minnesota. Each director shall hold off i ce so ] ong as he or she remains a member of the City Counsel of the City of Roseville, Minnesota, subject, however, to his or her rights to resign as a director of the corporation in accordance with Section 3.4 hereof. Section 3.3. Qr.9-~I}!~~.t:!<:>I}. The Board of Directors may elect from among its own number a chairman and a vice chairman. If so elected, the cha i rman or, 1n his absence or on his fa i lure or inabi 1 i ty to act, the vice cha i rman (i f one be elected) shall preside at all meetings of the Board and of the executive commit- tee, if one be constituted. Otherwise, the president of the corpo- ration shall so preside or, in his absence or on his failure or inability to act, such person as may be chosen by a majority of the directors present at any such meeting shall preside. The secretary of the corporation or, in his absence or on his inability or refus- al to act, any person who the pres iding off icer shall appoint, shall act as secretary of each meeting of the Board and the execu- tive committee, if one be constituted. Neither the chairman or the vice chairman, nor any person appointed to act as secretary of a particular meeting, shall be considered an officer of the corpora- tion unless otherwise elected as such in accordance with Article IV of these Bylaws. Section 3.4. g~signatio!!. A director may resign at any time by giving written notice to the president or to the secretary of the corporation. The resignation of a director shall take effect at the time specified therein, or, if no time is specified there- in, upon receipt by the officer of the corporation to whom such written notice is given; unless otherwise specified therein, the acceptance of such resignation shall not be necessary to make it effective. Section 3.5. ~nnual MeetiD3. An annual meeting of the Board of Directors shall be held for the purpose of electing the officers of the corporation and for the transaction of such other business as shall corne before the meeting. Notice of such meeting shall be given as provided in Section 3.9 hereof. Section 3.6. Regular Meetin~. Regular meetings of the Board of Directors may be held from time to time at such times as 2 the Board may determine by resolution adopted by a majority of the total number of directors. Notice of regular meetings need not be given. Section 3.7. Speci~____l.':'!eeti:!!gs. Special meetings of the Board of Directors may be called at any time, for any purpose, by the chairman of the Board, if one be elected, or by the president of the corporation, and shall be called by the chairman or the president, as the case may be, at the written request of not less than three directors. A meeting called at the request of the directors shall be held not less than three days nor more than ten days after the chairman or the president receives the directors' written request that it be held. Should the chairman or the presi- dent fail, within one day after the date on which the director's written request is received, to call a special meeting by giving or causing to be given notice thereof, the directors requesting that the meeting be held may fix the time and place of the meeting and give notice thereof in the manner specified in Section 3.8 hereof. Section 3.8. Notice of Meetings. Notice of every annual and every special meeting----sFlall b-e-m-ailed to each director, addressed to him or her at his or her residence or usual place of business, at least five days before the day on which the meeting is to be held, or be delivered to him or her personally or by telephone, not later than one day before the day on which the meeting is to be held. Each such notice shall state the time and place of the meeting, but need not state the purposes thereof except as otherwise expressly required by the laws of the State of Minnesota or these Bylaws. Section 3.9.~1.::..~.~~___2.t__~_~~t.tQg~. The Board of Directors may hold its meetings at such place or places, within or without the State of Minnesota, as it may from time to time determine. Section 3.10. ~orum and Mann~r of Acting. Except as other- wise prov ided by the laws of the State of Minnesota or by these Bylaws, a majority of the total number of directors shall be re- quired to consti tute a quorum for the transaction of business at any meeting of the Board of Directors, and the act of a majority of the directors present at any meeting at which a quorum is present shall be the act of the Board. In the absence of a quorum, a majority of the directors present may adjourn any meeting from time to time until a quorum be had. Notice of any adjourned meeting need not be given other than by announcemen tat the meet ing at which adjournment is taken. Section 3.11. Proxies. A director shall not appoint a proxy for himself or rsel~nor shall he or she vote by proxy. Section 3.12. ~9_!I1ffiitte~s. The Board of Directors may ap- point an executive committee, which shall be comprised of three or more directors, and delegate to such commi ttee any of the powers and authority of the Board, except as otherwise prohibited by these 3 Bylaws, the Articles of Incorporation, or the Laws of the State of Minnesota. The executive committee shall have power to act only in the intervals between meetings of the Board and shall at all times be subject to the control of the Board. The Board of Directors also may appoint standing and special committees for such purposes as shall be specif ied by the Board. Except as otherwise provided by the laws of the State of Minnesota or these Bylaws, the Board of Directors, or if the Board does not act, the committees, shall establish rules and regulations governing the manner in which the committee shall act. Notice of all meetings of any committee shall be given to all members of that committee. A majority of the members of any committee shall be required to constitute a quorum for the transaction of business at any meeting of the committee, and the act of a majority of the members present at any meeting at which a quorum is present shall be the act of the commi ttee. Commi ttees shall keep regular minutes of their proceedings and report the same to the Board from time to time as the Board may require. Any committee comprised of persons, one or more of whom are not directors, shall act solely in an advisory capacity to the Board. Section 3.13. E1~g...!:.!:onic__~~etings. A conference among di- rectors, or among members of any committee designated by the Board of Directors, by any means of communication through which the participants may simultaneously hear each other during the confer- ence consti tutes a meeting of the Board or the commi ttee if the same notice is given of the conference as would be required for a meeting and if the number of persons participating in the confer- ence would be suff icient to consti tute a quorum at a meeting. Participation in a meeting by that means consti tutes presence in person at the meeting. A director may participate in any other meeting of the Board or a committee designated by the Board by any means of communication through which the director, other persons so participating, and all persons physically present at the meeting may simultaneously hear each other during the meeting. Participa- tion in such a meeting by that means constitutes presence in person at the meeting. Section 3.14. Action without a Meeting. Any action that could be taken at a meeting of the Board of Directors or the execu- tive committee, if one be constituted, may be taken without a meeting when authorized in a writing signed by all of the directors or all of the members of the executive committee, as the case may be. ARTICLE IV OFFICERS Section 4.1. be a president, a Directors shall so Number. The officers of the corporation shall secretary, a treasurer, and, if the Board of elect, one or more v ice presidents and such 4 other officers as may be appointed by the Board. Any two or more offices, except those of president and vice president, may be held by the same person. Section 4.2. Election, 'I'erm of O~fice, and Qualifi~_ations. The officers shall be elected annually by the Board of Directors, and, except in the case of off icers appointed in accordance wi th the provisions of Section 4.10 hereof, each shall hold office until the next annual election of officers and until a successor is elected and qualifies, subject to the officer's earlier disquali- fication, resignation, or removal. The officers need not be direc- tors of the corporation. Section 4.3. B.~!!ignation~. Any officer may resign at any time by giving written notice of this resignation to the Board of Directors, the president, or the secretary of the corporation. Any such resignation shall take effect at the time specified therein, or, if no time is specified therein, upon receipt thereof by the Board of Directors, president, or secretary of the corporation i unless otherwise specified therein, the acceptance of such resigna- tion shall not be necessary to make it effective. Section 4.4. Removal. Any off icer may be removed, ei ther wi th or wi thout cause, by a vote of the Board of Directors at a meeting called for that purpose, which purpose shall be stated in the notice or waiver of notice of such meeting unless all the directors of the corporation shall be present thereat. Section 4.5. Vacancies. A vacancy in any office because of death, disqualif ication, resignation, removal, or any other cause shall be filled for the unexpired portion of the term in the manner prescr ibed in these Bylaws for election or appointment to such office. Section 4.6. President. The president shall be the chief executive officer of the corporation and shall have general and active management of the business and affairs of the corporation. If a chairman or vice chairman are not elected by the Board, the president, when present, shall preside at all meetings of the Board of Directors and of the executive committee, if one be constituted. The president shall see that all orders and resolutions of the Board of Directors are carried into effect. The president may execute and deliver in the name of the corporation (except in cases in which such execution and delivery shall be expressly delegated by the Board or these Bylaws to some other officer or agent of the corporation or shall be required by law to be othenA/ise executed and delivered) any deeds, mortgages, bonds, contracts, or other instruments pertaining to the business of the corporation. The president shall perform such other duties as may from time to time be prescribed by the Board of Directors, and, in general, shall perform all duties usually incident to the office of president. 5 , "~ 4"9,, ur r 11'[' Section e t.r Cl ti 11 (::or " leJ or E; C~ :3 r E; i))i1iti2 . ;) 2; ()"C{ler officcrE:i the T/J tl () {1aVe tc~ r [ S01U 1 "f3o Section 4" llill:ld " L irect f ~~.~ 11 fr ?- "1 L...L co , " C1 11 DE: 11 1I: Llnt r t offi er /", '";_. ~) 1... cor r tion Gte DC) c :Cl,SC; ~<} i (~ ARTICLE V WAIVER OF NOTICE -"- - Section 5.1. Waiver of Notice. Whenever any notice whatso- ever is required to be given by the Articles of Incorporation, these Bylaws, or the laws of the State of Minnesota, such notice may be waived in writing, signed by the person or persons entitled to such notice, whether before, at, or after the time stated there- in or before, at, or after any meeting referred to therein. Section 5.2. Deemed Waiver. Appearance at any meeting by any person otherwise entitled to notice thereof shall be deemed a waiver of notice unless such appearance is solely for the purpose of asserting the illegality of the meeting. AR'fICLE V FINANCIAL MATTERS Section 6.1. Books and Records. the corporation shall cause to be kept: The Board of Directors of (a) records of all proceedings of the Board of Directors, the executive committee, if one be consti tuted, and any other commi t tees appointed by the Board; and (b) such other records and books of account as shall be necessary and appropriate to the conduct of the business of the corporation. Section 6.2. Documents Kept at Principal Office. The Board of Directors shall cause to be kep-t---'at the pr incipaT--off ice of the corporation originals or copies of: (a) records of all proceed ings of the Board of Directors, the executive committee, if one be constituted, and any other committees appointed by the Board; (b) all financial statements of the corporation; and (c) the Articles of Incorporation and Bylaws of the corporation and all amendments thereto and restatement~ thereof. Section 6.3. Account~g System; Audit. The Board of Direc- tors shall cause to be established and maintained, in accordance with generally accepted accounting principles applied on a consis- 7 tent basis, an appropriate accounting system for the corporation. The Board shall cause the records and books of account of the corporation to be audited at least once in each fiscal year and at such other times as it may deem necessary or appropriate and may retain such person or firm for such purposes as it may deem appro- priate. Section 6.4. }i'iscal Year. The fiscal year of the corpora- tion shall be determined-by the Board of Directors. Section 6.5. Checks, Drafts and Other Matters. All checks, drafts, or other orders for the payment of bonds, or other evidences of indebtedness issued in the this corporation shall be signed by such off icer or off icers, agent or agents, employee or employees of the corporation and in such manner as may from time to time be determined by resolution of the Board of Directors. ARTICLE VII INDEMNn~ICATION Section 7.1. In General. Subject to Section 7.2 hereof, the corporation shall indemnify each person who is or was a director or officer of the corporation or a member of any committee appointed by the Board of Directors together with each person who is or was serving the corporation as an appointed representative to some other corporation or entity, for actions taken and decisions made by such persons on behalf of this corporation, to the full extent required by the laws of the State of Minnesota. The corporation may provide and maintain insurance on behalf of any person so indemnified. Section 7.2. Limitation on Indemnification. Indemnification pursuant to Section 7.1 hereof shall be for the ---sole and exclusive benefit of the persons expressly identified therein, and no other person, corporation or legal entity of whatever nature shall have any rights thereunder by way of voluntary or involuntary assign- ment, subrogation, or otherwise. ARTICLE VIII AMENDMENTS Section 8.1. Adoption by Board of Directors. for amendment of these Bylaws shall be as follows: The procedure (a) an amendment may be adopted at any meeting of the Board of Directors; (b) notice of the meeting, stating the purpose and including therewi th a copy of the proposed amendment, shall be given to each director; and 8 (c) at such meeting or any adjournment thereof, the proposed amendment may be adopted by the affirmative vote of two-thirds of the directors present and entitled to vote. 9 ARTICLES OF INCOHPORATTON OF ROSEVILLE LOCAL DEVELOPMENT CORPORATION The undersigned, a natural person of full age, for the purpose of forming a corporation under the provisions of the Minnesota Nonprofit Corporation Act, Minnesota Statutes Chapter 317, and laws amendatory thereof and supplementary thereto, hereby adopts the following Articles of Incorporation: AR'l'ICLI'~ I Name The name of the corporation is: ROSEVILLE LOCAL DEVELOPMENT CORPORATION. ARTICLJ': II ~~rposes The corporation is organized and shall be operated exclusively for charitable purposes, as such purposes are legally defined; excluding, however, any purpose that is not exclusively charitable within the meaning of sections 170(c) (2), 801(c) (3), 2055(a) (2), and 2522(a) (2) of the Internal Revenue Code of 1986, as now enacted or hereafter amended (the "Code"). All references in these Articles of Incorporation to a particular section of the Code shall mean and include, as now enacted or as hereafter amended, such section and any provisions of federal or state law as now are or may hereafter be applicable, cognate to such section. The corporation at all times shall be operated, supervised, or controlled by or in connection with, as contemplated by section 509(a) (3) (B) of the Code, the City of Roseville, Minnesota (the "City"), an organization described in section 509(a) (1) and 170(b) (1) (A) (v) of the Code. Subject to the foregoing and within the scope and in furtherance of the charitable purposes herein provided, the corporation is organized and shall be operated exclusively for the benefit of, to perform the functions of, or to carry out the purposes of the City, as contemplated by section 509(a) (30(A) of the Code by directly or indirectly advancing, supporting, promoting, conducting, administering, or engaging in charitable activities, causes, projects, and programs of every kind and nature related or contributing to the care of the aged, the lessening of the burdens of government, the combating of community deterioration, and the promotion of the social welfare through accomplishment of the foregoing. Specifically, but without limitation, the corporation shall facilitate the access of low to moderate income senior citizens of the City to sound, affordable alternative housing opportunities for their retirement years, and as a consequence thereof, enhance the availability within the City of affordable, single family housing stock for young, moderate income families. AR'l'ICLE III Duration The existence of the corporation shall be perpetual. AR'l'ICLE IV Regi~!:.5:~E~SL_9f:f ice The address of the registered office of the corporation in the State of Minnesota is: 2660 Civic Center Drive Roseville, Minnesota 55113 ARTICLE V Co?p"ital Stock The corporation shall not have capital stock. ARTICLE VI Board of D~~~ctors; Members The management and direction of the business and affairs of the corporation shall be vested in a board of directors. The directors of the corporation shall consist of and shall be limited to those individuals who from time to time comprise the members of the City Council of the City, elected or appointed in accordance with the charter of the City. A member of the City Council, upon ceasing to hold office as such, automatically shall cease to be a director of this corporation. His or her successor on the City Council, so long as he or she continues as a member of the City Council, shall become and be a director of this corporation. The powers, authority, and duties of the directors of the corporation, the time and place of their meetings, and such other provision with respect to them as are not inconsistent with the express provisions of these Articles of Incorporation shall be as specified in the bylaws of the corporation. The directors of the corporation shall be the only members of the corporation. Each director of the corporation automatically shall become and be a member of the corporation concurrently with his or her becoming a director, shall continue to be a member of the corporation for as long as he or she is a director, and automatically shall cease to be a member of the corporation concurrently with his or her ceasing to be a director of the corporation. Directors shall have voting rights only as directors and shall have no voting rights as members. 2 ARTICLE VII Personal Liabi The members, directors and officers of the corporation shall not have personal liability for any debts or obligations of the corporation. AR'l'ICLE VIII R_~_c;:_u~t~~Y_9~_i!:l_!__I_!:l:.~.~~B!~.!:l.:t: The corporation shall not, incidentally or otherwise, afford pecuniary gain to its members, as such. No part of the net earnings of the corporation shall inure, within the meaning of section 80l(c) (3) of the Code, to the benefit of any member, director, or officer of the corporation or any other private individual; provided, however, that nothing herein shall prohibit, among other things, the payment of reasonable compensation for services rendered to or for the corporation in the performance of its charitable purposes. AR'I'ICLE IX Political Activi Not more than an insubstantial part of the activities of the corporation shall include carrying on propaganda or otherwise attempting to influence legislation, and the corporation shall not participate in, or intervene in (including the publishing or distributing of statements), any political campaign on behalf of, or in opposition to, any candidate for public office. ARTICLE X Receipts of Gifts, Requests, Etc. In furtherance and not in limitation of the powers conferred by law, the corporation may take, receive, and hold real and personal property, including the principal and interest of any money or other fund, that is given, conveyed, bequeathed, devised to, or otherwise vested in the corporation in trust for a purpose consistent with the purpose set forth in these Articles of Incorporation. Except where a trust instrument prescribes otherwise, the corporation may invest trust property or its proceeds in accordance with the laws of the state of Minnesota. 3 AR'.fICLE XI Dissolutig_g;, Di~!::.~ibution of Assets Upon dissolution of the corporation, its property and assets shall be distributed in accordance with the laws of the State of Minnesota; provided, however, that after the payment of all liabilities and obligations of the corporation and all costs and expenses incurred by the corporation in connection with its dissolution, and subject to any condition or executory or special limitation requiring, by reason of dissolution of the corporation, the reversion, return, transfer, or conveyance of any property or assets held by the corporation, any and all remaining property and assets of the corporation shall be distributed exclusively for charitable purposes within the meaning of section 501(c) (3) of the Code, or to the Federal government or a state or local government for a public purpose, or to one or more other organizations that are organized and operated exclusively for charitable purposes within the meaning of section BOl(c) (B) of the Code, all in such proportions as shall be determined (i) by the Board of Directors if dissolution of the corporation is not required by the laws of the state of Minnesota then in effect to be conducted under court supervision, or (ii) otherwise by a court of competent jurisdiction if such dissolution is subject to court supervision. In no event shall any member, director, or officer of the corporation, in any of such capacities, be entitled to any distribution of the property or assets of the corporation upon its dissolution. ARTICLE XII First Directors The number of directors constituting the first Board of Directors of the corporation is five. The names and addresses of such directors are: Name Address Frank Rog 15B9 Roselawn Avenue West Roseville, Minnesota 55113 Joanne Cushman 1166 Sherren Street West Roseville, Minnesota 55]13 Vern Johnson 1707 Lydia Avenue Roseville, Minnesota 55113 Al Kehr 9BB West County Road D St. Paul, Minnesota 55126 Bob Matson 2774 Dellwood Avenue Roseville, Minnesota 55113 4 The tenure of the first directors shall be until the annual meeting of the board of directors in the year 1988 and until their successors are elected and qualify, subject to their earlier disqualification, resignation, or removal. ARTICLE XIII INCORPORATOR The name and address of the incorporator is: Briggs and Morgan 2200 First National Bank Building St. Paul, Minnesota 55101 IN WI'l'NESS WHEREOF, the undersigned hereunt.o has set. his hand this 8th day of February, 1988. J:! STATE OF MINNESOTA) ) SS COUNTY OF RAMSEY ) The foregoing instrument was acknowledged before me this 8th day of February, 1988, by \1fkll!-~_~~ Notary Public Rl'SBVIbbE Memorandum To: Neal Beets, City Manager From: Cathy Bennett, Economic Development Specialist Date: January 23,2002 Description: Annual Meeting of the Local Development Corporation January 28,2002 1.0 BACKGROUND 1.1 The City's Local Development Corporation was formed in 1988~ith the purpose of securing Federal Housing and Urban Development (HUD) funds to establish a low interest loan program specifically for Villa Park. The purpose of the loans is to provide seniors with an alternative for financing the purchase of condominiums at Villa Park, therefore making many of the units affordable. For the City to secure the HUD funds for this purpose they were required to establish a Local Development Corporation (LDC). 1.2 The Council, as the Board of Directors of the LCD, is required to annually meet to elect new officers. In addition, the LDC may call periodic meetings throughout the year as needed. 1.3 The Board of Directors for 2001 consists of the following officers: President: Secretary : Treasurer: Secretary Designee: John Goedeke Barbara Mastel John Kysylczyn Dean Maschka 2.0 POLICY & FINANCIAL IMPLICATIONS 2.1 At this time there are no fiscal implications being considered under the LDC. The annual meeting is being held for the sole purpose of electing new officers per the LDC Bylaws. The officers of the corporation shall be a president, a secretary, a treasurer, and, if the Board of Directors shall so elect, one or more vice presidents or other designees. 2.2 Per the requirements of the LDC Bylaws, public notice was posted regarding the annual LDC Memo to Manager (012802) -Page 1 of2 meeting on January 8, 2002 and the annual meeting date was set for January 28, 2002 at 6:00 p.m. by the City Council at the January 7,2002 Council Meeting. 2.3 Currently there are 5 loans outstanding under the LDC Block Grant Program for Villa Park. The total amount of loans outstanding is $110,000. The loans recipients make monthly interest payments and the principal of the loan is due upon sale of units or death. 2.4 Recent legislative actions will necessitate a review of the LDC and a City Council decision whether to continue its existence or to dissolve the LDC. Because the LDC continues to have outstanding loans and other future Federal grants may require the existence of an LDC, staff will likely recommend the continued existence of the LDC for the City of Roseville. 3.0 STAFF RECOMMENDATION 3.1 In accordance with the LDC Bylaws staff is recommending that the annual meeting be held, minutes from 2001 annual meeting be adopted and new officers be elected for 2002. 4.0 LDC ACTION 4.1 Motion to open the Roseville Local Development Corporation annual meeting 4.2 Motion to elect new officers as follows: President: Secretary : Treasurer: Board Member: Board Member: Secretary Designee: ~. k. -D . 141 . TK. C. [(. ~.S. t. Ie.. 4.3 If no further business is required, motion to close the Roseville Local Development Corporation's annual meeting. Attachments: 2002 LDC Agenda LDC Minutes 2001 LDC Articles of Incorporation, Bylaws Q:\Local Development Corp\RCA _0 12802.doc LDC Memo to Manager (012802) -Page 2 of2 ("tYDW! /oW UV. Conp. '). Ar-tl d~ s 0 r ( n C-C' ~ f' . ARTICLE XI Dissolution; Distribution of Assets f ,{ Upon dissolution of the corporation, its property and assets shall be distributed in accordance with the laws of the state of Minnesota; provided, however, that after the payment of all liabilities and obligations of the corporation and all costs and. expenses incurred by the corporation in connection with its dissolution, and subject to any condition or executory or special limitation requiring, by reason of dissolution of the corporation, the reversion, return, transfer, or conveyance of any property or assets held by the corporation, any and all remaining property and assets of the corporation shall be distributed exclusively for charitable purposes within the meaning of section 50l(c)(3) of the Code, or to the Federal government or a state or local government for a public purpose, or to one or more other organizations that are organized and operated exclusively for charitable purposes within the meaning of section 801(c)(8) of the Code, all in such proportions as shall be determined (i) by the Board of Directors if dissolution of the corporation is not required by the laws of the State of Minnesota then in effect to be conducted under court supervision, or (ii) otherwise by a court of competent jurisdicti.on if such dissolution is subject to court supervision. In no event shall any member, director, or officer of the corporation, in any of such capacities, be entitled to any distribution of the property or assets of the corporation upon its dissolution. ARTICLE XII First Directors The number of directors constituting the first Board of . Directors of the corporation is five. The names and addresses of such directors are: Name Address Frank Rog 1589 Roselawn Avenue West Roseville, Minnesota 55113 Joanne Cushman 1166 Sherren street West Roseville, Minnesota 55113 1707~Lydia Avenue Rosevi11e, Minnesota 55113 Vern Johnson Al Kehr 988 West County Road D st. Paul, Minnesota 55126 REQUEST FOR CITY COUNCIL ACTION Department Approval: Date: 01.07.02 Item No: C-2 Agenda Section: CONSENT Item Description: 1.0 BACKGROUND 1.1 The City's Local Development Corporation was formed in 1988 to work with HUD regarding a low interest loan program at Villa Park. The Corporation would be available for use in other similar situations. 1.2 Annually, the Council meets as the Corporation to elect new officers. It may also meet other times as needed. 2.0 FINANCIAL IMPLICATIONS 2.1 There are no financial implications as this is an organizational business item only. 3.0 STAFF RECOMMENDATION 3.1 Staff is recommending that the City Council set the meeting time on January 28,2002, at 6:00 p.m. 4.0 COUNCIL ACTION Motion to approve January 28, 200~at 6:00 p.m., as a date and time for the meeting of the Roseville Local Development Corporation. Notice of this meeting will be posted. ommDev\Local Development Corp\RCA _ 01 0702.doc ReA (010702) - Page 1 of 1 PUBLIC NOTICE Public Meeting Notice is hereby given that the City Council, acting in its role as the Local Development Corporation, of the City of Roseville will hold its regular annual meeting at Roseville City Hall, 2660 Civic Center Drive, on Monday, January 28, 2002 at 6:00 p.m., for the purpose of electing new officers. '~ l3u;& Neal Beets, City Manager Posted: January 8, 2002 020128 LDC Mtg.doc General Ledger Balance Sheet Description Amount L.D.C. Block Grant (Villa Park Assets Cash Notes Receivable ~~ ~ ~O,OOO.OO Assets Totals: 378,035.40 Liabilities Due to other Governments Liabilities Totals: ~3 228,887.37 Fund-Balance Fund Balance Fund Balance 1,171.09 (488.61) Fund-Balance Totals: 682.48 Retained Earnings: 0.00 Total Fund Balance and Retained Earnings: 682.48 Total Liabilities, Fund-Balance and Retained Earnings: 229,569.85 59,148"'.0.3. qo 006 . ~u I l,Ra. 4J( ~~ _, _G. \Ooft O~~' tn&.-~ ~Cl f('" 0 cJ 0 f lSle ,OdD fJ ad 0 b aoO d- '1 uJU ol,~ GL - Balance Sheet ( 01102/2003 - 10:27 AM ) Page I AH'l'ICLE III DIRECTORS Section 3.1. General Powers. The proper ty , af fairs and business of the corporation shall be- managed by the Board of Direc- tors. Section 3.2 Number; QualJ-=.ficationi 'rerm of Office. The directors of the corporation shall consist of an-2f-shalr-Se--limited to those individuals who from time to time comprise the members of the City Council of the City of Roseville, Minnesota, elected or appointed in accordance with the charter of the City of Roseville, Minnesota. Each director shall hold office so long as he or she remains a member of the City Counsel of the City of Roseville, Minnesota, subject, hO\"ever, to his or her rights to resign as a director of the corporation in accordance with Section 3.4 hereof. Section 3.3. Org~Q:~_~~!:l:9}J. The Board of Directors may elect f rom among its own number a cha i rman and a v ice cha i rman . T f so elected, the chairman or, in his absence or on his failure or inability to act, the vice chairman (if one be elected) shall preside at all meetings of the Board and of the executive commit- tee, if one be constituted. Otherwise, the president of the corpo- ration shall so preside or, in his absence or on his failure or inability to act, such person as may be chosen by a majority of the directors present at any such meeting shall preside. The secretary of the corporation or, in his absence or on his inability or refus- al to act, any person vlho the presiding officer shall appoint, shall act as secretary of each meeting of the Board and the execu- tive committee, if one be constituted. Neither the chairman or the vice chairman, nor any person appointed to act as secretary of a particular meeting, shall be considered an officer of the corpora- tion unless otherwise elected as such in accordance with Article IV of these Bylaws. Section 3.4. g~signatio~. A director may resign at any time by giving written notice to the president or to the secretary of the corporation. The resignation of a director shall take effect at the time specified therein, or, if no time is specified there- in, upon receipt by the off icer of the corporation to Vlhom such VIr it ten not ice is given; unless otherVl ise spec i f ied there in, the acceptance of such resigna tion shaLl not be necessary to make it effective. Section 3.5. ~nnual Meeting. An annual meeting of the Board of Directors shall be held for the purpose of electing the officers of the corporation and for the transaction of such other business as shall come before the meeting. Notice of such meeting shall be glven as provided in Section 3.9 hereof. Section 3.6. Regular Meetings. Regula r meet ing5 of the Board of Directors may be held from time to time at such times as 2 Bylaws, the Articles of Incorporation, or the Laws of the State of Minnesota. The executive committee shall have power to act only In the intervals between meetings of the Board and shall at all times be subject to the control of the Board, The Board of Directors also may appoint standing and special committees for such purposes as shall be specified by the Board. Except as otherwise provided by the laws of the State of Minnesota or these Bylaws, the Board of Directors, or if the Board does not act, the committees, shall establish rules and regulations governing the manner in which the committee shall act. Notice of all meetings of any committee shall be given to all members of that committee. A majority of the members of any committee shall be required to constitute a quorum for the transaction of business at any meeting of the commi ttee, and the act of a majority of the members present at any meeting at which a quorum is present shall be the act of the commi t tee. Commi ttees shall keep regular minutes of their proceedings and report the same to the Board from time to time as the Board may require. Any committee comprised of persons, one or more of whom are not directors, shall act solely in an advisory capacity to the Board. Section 3.13. Ele_ctrQ.D.ic~~eti~q~. A conference among di- rectors, or among members of any committee designated by the Board of Directors, by any means of communication through which the participants may simultaneously hear each other during the confer- ence consti tutes a meeting of the Board or the commi ttee if the same notice is given of the conference as would be required for a meeting and if the number of persons participating in the confer- ence would be sufficient to consti tute a quorum at a meeting. Participation in a meeting by that means consti tutes presence in person at the meeting. A director may participate in any other meeting of the Board or a committee designated by the Board by any means of communication through which the director, other persons so participating, and all persons physically present at the meeting may simultaneously hear each other during the meeting. Participa- tion in such a meeting by that means constitutes presence in person at the meeting. Section 3.14. Action Without a MeetiQ9. Any action that could be taken at a meeting of the Board of Directors or the execu- tive committee, if one be constituted, may be taken without a meeting when authorized in a writing signed by all of the directors or all of the members of the executive committee, as the case may be. ARTICLE IV OFFICERS Section 4. 1. be a president, a Directors shall so Number. The officers of the corporation shall secretary, a treasurer, and, if the Board of elect, one or more v ice presidents and such 4 Section 4.7. Yice Pre~ent. E ;]. C 11 V i C;~? ~) res i c1 e r1 t 1 .l r ~) 11;) C~ '2 1 I.:: c t e (] D ~{ t 1'1:: 13 () a r (1 0 f 1) i r c: c t lJ r ~:; r S 11 riel \7 (,:: ::; U C (l rs ClllJ stlall 92rfor~ suc~ duties as :nay ~e s c:ifi in t se la\l~j or qrescrij)ed l: ~3oGtrcl or (:J.''l2 )reSl nt~ T,'"! t.l-l<::: 8\1(~n'\: of di)E;C::flce or disaoility of tile :.)[c;:3iJc:nt:; L_Ll;~ "'/lce; LJ[C::3icler1ts ;;b2111 succeed to i.:b(~ ~)r'(~E3 c:nt I ~J r Elnd du'i::i~~~; ii"l corder desigrlut2d by the Board of Directors. Section 4.8. S~creta(y.. 'l'b2 secu:;>tary Sh211 Ol:; sc:crel:ary 02 f and ~..lhen J?reSe11t 1 sI-12111 rec()rd ?roce2c]ings at 2111 nlt~et:.irlgs of th:;; m(~moers of t: corporation, the Board of Directorsf and the c:;~((:cu-;:iv(:.? cornr~litt:,~~:;e t" if onE~ ;JC con[:)citut,3() '" :I'h(~ ;;3I2CrE?Cctr:l .~;h(111 >~2[::;::) a re:]ister of the rlarne~:-~ cl.dCl c1dctres:::;2E; of all ;nC::ln;)C~r3 of tYtc:: cor9oration and shall at all times ke2? on file a complete co () [" t i"l;; }\ r 'C i c 1 (~Ei () fIn c () r '(.) 0 r 21 t i 0 11 ,::1 n ::] a. 11 (1 I":l :=: II cl rn c: n t ;~; i.:) n r (; ;':1 tat Q in e n t ~::; t hc~ r c: 0 i~ Et 1'1 ~J \:3. C () In :.) 1 e tee 0 ;~) ~l 0 E t h (~ ;.:; c '~~~ "iT 1 a \'} ~~:~ a i1 <] d 11 dL1Cn(JrnenL:~~~ a~1d r2sl:a~~:2rn(~nt~~ ~12reof ~ l]:bo sccr(~tarJ./ E)1'1a.l1 J i'/2 r ~/}lCi'l dirccl:c:d to d.o f~O r )1:"0 r notice; of 1:teetinq:3 o.f C.l'l(: ]";1{;?:ri;t;,)2fE:; l.. 13oarcl. 02 l)ircct.ors; ti''1e (~:~C:CU.t.:l.V[:: cOYl1rnittee; if O(l~~ ;JC: C01'lS~itut2dQ The secretary s11all Derforhl SllC11 other Cuties as .;:roIn time to tijn~:=: i)e ,)r2:3cr:i.;J i:>y the merllJJer~)f tbe Board of Directors of by the president 2nd, in general, shall perform all Jllti2S iilcident to t~12 of~ice of secretary. S e c t ion 4. 9 ~ 'I' L~,,-_fL,7JLrsJ;". . The certain duties as may from time to BODr(~t ~)I i)ir2Cc.~J:Z~S{l For Sj2I1era.l i~)ur Cor9oration will contract out treasury L~ c.re<-13urcr :3 ha 11 :J e r f 0 j: t.l t. i rne :.;e3 .. .' . "J ::~ ::-.) r e ;:.) c r ].~) e :~,l i) ~l L t be Local Devc~ 10 1'1 L~ i;J i 1 i tie s " tIt See t ion 4, a 10 . at he :r~Lc;;.s;.J:_s R ASLE:a.L~111.Q. EillJ2-1 0 ye e ~; . '1' L (2 C()c:?oratiorl iTlGl~'l l~la\le SUetl other off.ici~r[:J tJrlC\ ag.211tf) El~3 i'il::).:~l iJC; de21~leJ r12cessary or appro9riate by the Board of Directors, ~~11o ::)L-la,11 :)8 aLJf)oir1"t~~(j in ~-;UCi'l rnanrlE'::[r ;la've StIefl (Jutie;3; arlcl i-l()ld, ~lleir offices for such -terrDS as may De ~etermined by resolutio~ 0i ~lle Board of Directors. Section [Lll~ Bond. Ti12 J30ard of Directors :3halJ. :C[Omi::.i.Tll:',: L() ti.I11::-=: de"i.:.errnil1G \"lnlCn, if LlftYr U~=[ic2r[~ of l:i-"1e cor:Jorc.~tic)n :;1-1a11 ,Je ;J()11de~! ,~:l~1~J CflC; a.rnount of eZ:.tcl'l j")()l'1cI;, t ~::}~i)c-:nsr:; of ~dl.lich stlalJ. ;J2 borne tt'12 cor0ora'tioi1~ o tent basis, an appropriate accounting system for the corporation. '}'he Board shall cause the records and books of account of the corporation to be audited at least once in each fiscal year and at such other times as it may deem necessary or appropr iate and may retain such person or firm for such purposes as it may deem appro- priate. Section 6.4. Fiscal Year. The fiscal year of the corpora- tion shall be determined by the Board of Directors. Section 6.5. Checks, Drafts and Other Matters. All checks, drafts, or other orders for the payment ~f bonds, or other evidences of indebtedness issued in the this corporation shall be signed by such officer or officers, agent or agents, employee or employees of the corporation and in such manner as may from time to time be determined by resolution of the Board of Directors. ARTICLE VII INDEMNIFICATION Section 7.1. In General. Subject to Section 7.2 hereof, the corporation shall indemnify each person who is or was a director or officer of the corporation or a member of any committee appointed by the Board of Directors together with each person who is or was serv ing the corpora t ion as an appointed represen ta ti ve to some other corporation or enti ty, for actions taken and decisions made by such persons on behalf of this corporation, to the full extent required by the laws of the State of Minnesota. The corporation may provide and maintain insurance on behalf of any person so indemnified. Section 7.2. Limitation on Indemnification. Indemnification pursuant to Section 7.1 hereof shall be for the---sole and exclusive benefit of the persons expressly identified therein, and no other person, corporation or legal enti ty of whatever nature shall have any rights thereunder by way of voluntary or involuntary assign- ment, subrogation, or otherwise. ARTICLE VIII AMENDlVIENTS Section 8.1. Adoption by Board of Directors. for amendment of these Bylaws shall be as follows: The procedure (a) an amendment may be adopted at any meeting of the Board of Directors; (b) notice of the meeting, stating the purpose and including therewi th a copy of the proposed amendment, shall be given to each director; and 8 AH'I'TCLES OF TNCOHPOHA'J'TON OF ROS.EVILLE LOCAL DEVELOPlvfENT CORPORI\TION The undersigned, a natural person of full age, for the purpose of forming a corporation under the provisions of the Minnesota Nonprofit Corporation Act, Minnesota Statutes Chapter 317, and laws amendatory thereof and supplementary thereto, hereby adopts the following Articles of Incorporation: ARTICLE 1 Name The name of the corporation is: [WSEVILLELOCAL DEVELOPfvlEN'l' COIWOHA'I'ION. AI{TICLE 1 T !~~~!::Q9_s e~ The corporation is organized and shall be operated exclusively [or charitable purposes, as such purposes are legally defined; excluding, however, any purpose that is not exclusively charitable within the meaning of sections l70(c) (2), 80l(c) (3), 2055(a) (2), and 2522(a) (2) of the Internal Hevenue Code of 1986, as now enacted or hereafter amended (the "Code"). All references in these Articles of Incorporation to a particular section of the Code shall mean and include, as now enacted or as hereafter amended, such section and any provisions of federal or state law as now are or may hereafter be applicable, cognate to such section. The corporation at all times shall be operated, supervised, or controlled by or in connection with, as contemplated by section 509(a) (3) (8) of the Code, the City of Rosevillc, Minnesota (the "City"), an organization described in section 509(a) (1) and 170(b) (1) (A) (v) of the Code. Subject to the foregoing and vlithin the s c o'p e and i n fur the ran ceo f the c h a r ita b 1 e pur p 0 s e she rei n provided, the corporation is organized and shall be operated exclusively for the benefit of, to perform the functions of, nr tn carry out the purposes of the City, as contemplated by section 509(a) (30(A) of the Code by directly or indirectly advancing, supporting, promoting, conducting, administering, or engaging in charitable activities, causes, projects, and programs of every kind and nature related or contributing to the care of the aged, the lessening of the burdens of government, the combating of community deterioration, and the promotion of the social welfare througb accomplishment of the foregoing. Specifically, but without limitation, the corporation shall facilitate the access of low to moderate income senior citizens of the City to sound, affordable AHfl'ICLI~ VI I Ee r ~g_Q~I:_[.i~}?j:.J_;U~.Y The members, directors and officers of the corporation shall not have personal liability for any debts or obligations of the corporation. AH'l'ICLE VIII E.~~~~_?~ a ry- Ga _in; -1- nUE.em~!}..~ The corporation shall not, incidentally or otherwise, afford pecuniary gain to its members, as such. No part of the net earnings of the corporation shall inure, within the meaning of section BOI(c) (3) of the Code, to the benefit of any member, director, or officer of the corporation or any other private individual; provided, however, that nothing herein shall prohibit, among other things, the payment of reasonable compensation Eor services rendered to or for the corporation in the performance of its charitable purposes. ARTICLE IX I:. 0 lL~ i ~~L_D>.ct "t.\1_j,~y Not more than an insubstantial part of the activities of the corporation shall include carrying on propaganda or otherwise attempting to influence legislation, and the corporation shall not participate in, or intervene in (including the publishing or distributing of statements), any political campaign on behalf of, or in opposition to, any candidate for public office. ARTICLE X Receipts of Gifts, Requests, Etc. In furtherance and not in limitation of the powers conferred by law, the corporation may take, receive, and hold real and personal property, including the principal and interest of any money or other fund, that is given, conveyed, bequeathed, devised to, or otherwise vested in the corporation in trust for a purpose consistent with the purpose set forth in these Articles of Incorporation. Except where a trust instrument prescribes otherwise, the corporation may invest trust property or its proceeds in accordance with the laws of the state of Minnesota. 3 The tenure of the first directors shall be until the annual meeting of the board of directors in the year 1988 and until their successors are elected and qualifYI subject to their earlier disqualification, resignationl or removal. ARTICLE XIII INCORPORATOR The name and address of the incorporator 1S: Briggs and Morgan 2200 First National Bank Building St. Paul, Minnesota 55101 IN WI'l'NESS WHEREOF 1 the undersigned hereunto has set. his hand this 8th day of February, 1988. /j // --i~;b~~- Incorpor~ STATE OF MINNESOTA) ) SS COUNTY OF RAMSEY ) The foregoing instrument was acknowledged before me this 8th day of February, 1988, by mOJLd!L~ ,-9. ~) Notary Public :;0',< ~_'.__,:-~,:~_~ "-:!~'j'\'E.:-:,;(~ ~..'\ /-\ () ~< /'1 C:.: () L) ~\1 T Y '.;(;n~n-,":,r.;iCj:-; :,::<-;~'i'C~'~: =;C!p~ :-~, l;}~-J': DECLARATIONS PAGE Policy Number 93-GX -5391-4 ~"TATE PARM FIRE AND CASUALTY COMPANY 8500 STATE FARM WAY, WOODBURY MN 55125-3379 A STOCK COMPANY WITH HOME OFFICES IN BLOOMINGTON, ILLINOIS Named Insured and Mailing Address Mortgagee 3862-F727 V ROSEVILLE LOCAL DEVELOPMENT CORPORATION 2660 CIVIC CENTER DR ROSEVILLE MN 55113 CALIBRE RIDGE L TD PTNSP; TWIN CITIES HOUSING DEV CORP & DUFFY DEV CORP GEN PTNS C/O TWIN CITIES HOUSING DEV 400 SELBY AVE STE C SAINT PAUL MN 55103 APARTMENT POLICY. SPECIAL FORM 3 Inflation Coverage Index: 167.8 AUTOMATIC RENEWAL -It the POLICY PERIOD is shown as 12 MONTHS, this policy will be renewed automatically subject to the premiums, rules and torms in effect for each succeeding policy ~eriod. If this policy is terminated, we will give you and the Mortgagee/Lienholder written nolice in compliance witH the policy provisions or as required by law. Policy Period: 12 Months The policy peri?d begins and ends at 12:01 am standard time at the Effective Date: FEB 1 2002 premises location. Expiration Date: FEB 1 2003 Named Insured: Partnership Location of Covered Premises: **See Schedule page(s) for Location of Premises Mortgagee US BANK NA 2383 UNIVERSITY AVE SAINT PAUL MN 55114 Coverages & Property Section I A Buildings (Blanket) B Business Personal Property C Loss of Income - 12 Months Limits of Insurance $ 4,1.277,000 t.xcluded $ Actual Loss Section \I L Business Liability M Medical Payments products-Completed Operations (PCO) Aggregate General Aggregate (Other Than PCO) ~ $ $ 1,000,000 5,000 2,000,000 2,000,000 Deductibles . Section I $ 1 ,000 Basic In case of loss under this policy, the deductible will be applied to each occurrence and will be deducted from the amount of the loss. Other deductibles may apply - refer tc policy. POLICY PREMIUM $ 10,164.00 Forms, Options, and Endorsements Special Form 3 Amendatory Endorsement Tree Debris Removal Policy Endorsement-Apartment Glass Deductible Deletion End Additional Insured FP-6107 FE-6223.1 FE-6451 FE-6463 FE-6538.1 FE-6320 Discounts Applied: Years in Business Age of Building Multiple Unit Claim Record Prepared MAR 28 2002 FP-8020.2C 06/1992 Your policy consists of this page, any endorsements and the policy form. PLEASE KEEP THESE TOGETHER. OTHER LIMITS AND EXCLUSIONS MAY APPLY - REFER TO YOUR POLlC1 , _, Counterslgned_ ~L-- By ~~- ~~ J WIEDEN INS A Y (763) 566-9890 / r . , . Agent AE88 (01121" Policy Number 93-GX-5391-4 SCHEDULE PAGE STATE FARM FIRE AND CASUALTY COMPANY 8500 STATE FARM WAY, WOODBURY MN 55125-3379 A STOCK COMPANY WITH HOME OFFICES IN BLOOMINGTON, ILLINOIS Named Insured and Mailing Address 3862-F727 V EFFECTIVE DATE FEB 1 2002 CALIBRE RIDGE L TO PTNSP; TWIN CITIES HOUSING DEV CORP & DUFFY DEV CORP GEN PTNS C/O TWIN CITIES HOUSING DEV 400 SELBY AVE STE C SAINT PAUL MN 55103 APARTMENT POLICY - SPECIAL FORM 3 ----------------------------------------------------------------------------------------------- THE LOCATION OF PREMISES IS EXTENOEO TO INCLUOE THE FOLLOWING. INSURANCE IS PROVIDED SUBJECT TO ALL THE TERMS OF THIS POLICY INCLUDING FORMS, OPTIONS AND ENDORSEMENTS MADE A PART HEREOF: ----------------------------------------------------------------------------------------------- Location Number 1. 2. 3. 4. 5. 6. Prepared MAR 28 2002 Location of Premises 151-153 CAPITOL VIEW ROSEVILLE MN 55113 157-171 CAPITOL VIEW ROSEVILLE MN 55113 173-197 CAPITOL VIEW ROSEVILLE MN 55113 180-202 CAPITOL VIEW ROSEVILLE MN 55113 204-214 CAPITOL VIEW ROSEVILLE MN 55113 199-213 CAPITOL VIEW ROSEVILLE MN 55113 (o1f2173b) MC Policy No. 93-GX-5391-4 3862-727 FE-6320 (7/88) ADDITIONAL INSURED ENDORSEMENT DESIGNATED PREMISES ONLY STATE fARM A IN$UtANC~ Policy No.: 93-GX-5391-4 Named Insured: CALIBRE RIDGE LTD PTNSPi TWIN CITIES HOUSING DEV CORP & DUFFY DEV CORP GEN PTNS Name of Additional Insured: GARSTEN-PERENNIAL MANAGEMENT Address of Additional Insured: 1600 UNIVERSITY AVE #310 ST PAUL MN 55104 Interest of Additional Insured: PROPERTY MANAGER Location of Premises: SEE DECLARATIONS PAGE The word "insured", wherever used in this policy, also includes the designated person or organization named above as Additional Insured under the provisions of the policy Sections shown below as applicable by an "X" to the extent indicated. o SECTION I. o SECTION I. This applies only to COVERAGE A - BUILDINGS. This applies only to COVERAGE B - BUSINESS PERSONAL PROPERTY. Description of Property: [X] SECTION II. This applies only to COVERAGE L - BUSINESS LIABILITY and COVERAGE M - MEDICAL PAYMENTS and then only with respect to the ownership, maintenance or use of the premises designated above and operations necessary or incidental thereto. These SECTION II coverages do not apply to: 1. structural alterations or new construction performed by or on behalf of the designated person or organization; 2. personal injury caused by the designated person or organization; 3. liability the designated person or organization assumed under a contract; or 4. products-completed operations hazard arising out of goods or inventory which are not sold or distributed by you or arising out of the manufacturing or packaging of such goods or inventory. All other provisions of the policy apply. FE-6320 (7/88) Printed in U.S.A. MC Policy No. 93-GX-53,91-4 3862-727 FE-6320 (7/88) ADDITIONAL INSURED ENDORSEMENT DESIGNATED PREMISES ONLY STAlE FARM ~ IN511t.ANC~: Policy No.: 93-GX-5391-4 Named Insured: CALIBRE RIDGE LTD PTNSPi TWIN CITIES HOUSING DEV CORP & DUFFY DEV CORP GEN PTNS Name of Additional Insured: CALIBRE RIDGE COOPERATIVE Address of Additional Insured: c/o TWIN CITIES HOUSING DEVELOPMENT CORPORATION 400 SELBY AVE STE C ST PAUL MN 55102 Interest of Additional Insured: PROPERTY MANAGER location of Premises: SEE DECLARATIONS PAGE The word "insured", wherever used in this policy, also includes the designated person or organization named above as Additional Insured under the provisions of the policy Sections shown below as applicable by an "X" to the extent indicated. o SECTION I. o SECTION I. This applies only to COVERAGE A - BUilDINGS. This applies only to COVERAGE B - BUSINESS PERSONAL PROPERTY. Description of Property: !Xl SECTION II. This applies only to COVERAGE l - BUSINESS LIABILITY and COVERAGE M - MEDICAL PAYMENTS and then only with respect to the ownership, maintenance or use of the premises designated above and operations necessary or incidental thereto. These SECTION II coverages do not apply to: 1. structural alterations or new construction performed by or on behalf of the designated person or organization; 2. personal injury caused by the designated person or organization; 3. liability the designated person or organization assumed under a contract; or 4. products-completed operations hazard arising out of goods or inventory which are not sold or distributed by you or arising out of the manufacturing or packaging of such goods or inventory. All other provisions of the policy apply. FE-6320 (7/88) Printed in U.S.A. STATE FARM FIRE AND CASUALTY COMPANY 3862-F727 POLICY NO. 93-GX-5391-4 APARTMENT POLICY INSURED'S NAME AND MAILING ADDRESS CALIBRE RIDGE LTD PTNSPi TWIN CITIES HOUSING DEV CORP & DUFFY DEV CORP GEN PTNS C/O TWIN CITIES HOUSING DEV 400 SELBY AVE STE C SAINT PAUL MN 55103 ADDL INS SEC II FE 6320 CALIBRE RIDGE COOPERATIVE C/O TWIN CITIES HOUSING DEVELOPMENT CORPORATION 400 SELBY AVE STE C ST PAUL MN 55102 PREPARED 03/28/2002 INLAND MARINE SCHEDULE PAGE 1 STATE FARM FIRE AND CASUALTY COMPANY POLICY NO. 93-GX-5391-4 APARTMENT POLICY ADDITIONAL INTEREST SCHEDULE PAGE 1 INSURED'S NAME AND MAILING ADDRESS CALIBRE RIDGE LTD PTNSP; TWIN CITIES HOUSING DEV CORP & DUFFY DEV CORP GEN PTNS C/O TWIN CITIES HOUSING DEV 400 SELBY AVE STE C SAINT PAUL MN 55103 MORTGAGE MINNESOTA HOUSING FINANCE AGCY 300 PARK SQUARE CT 400 SIBLEY ST ST PAUL MN 55101 MORTGAGE RAMSEY COUNTY C/O DAKOTA COUNTY PTNSP COMMUNITY & ECONOMIC DEV 50 W KELLOGG BLVD #660 ST PAUL MN 55102 ADDITIONAL INS SEC II FE 6320 GARSTEN-PERENNIAL MANAGEMENT 1600 UNIVERSITY AVE #310 ST PAUL MN 55104 PREPARED 03/28/2002 3862-F727 FE-6223.1 (1/95) AMENDATORY ENDORSEMENT (Minnesota) SECTION I LOSSES INSURED AND LOSSES NOT INSU RED The following is added to LOSSES INSURED: We insure for all loss or damage caused by fire and any damage caused by lightning. The following is deleted from LOSSES NOT IN- SURED: a. the enforcement of any ordinance or law: (1) regulating the construction, use or repair of any property; or (2) requiring the tearing down of any property, including the cost of re- moving its debris; SECTION I DEDUCTIBLES The following is added to DEDUCTIBLES: The deductible does not apply to total loss of a building. SECTION I CONDITIONS The following is added to item e. of Loss Payment: If at any time we reach final agreement with you on an amount in settlement of all or part of your claim, we will issue payment within five business days from the date of the agree- ment. The following is added to Valuation: In the event of a total loss to COVERAGE A - BUILDINGS caused by a LOSS INSURED, we will pay the Limit of Insurance shown in the Declarations for COVERAGE A - BUILD- INGS. Legal Action Against Us is replaced by the fol- lowing: + Legal Action Against Us. No one may bring legal action against us under this insurance unless: a. there has been full compliance with all of the terms of this insurance; b. the loss has become payable as speci- fied in the Loss Payment Condition; and c. the action is brought within 2 years after the date on which the direct physical loss or damage occurred. With respect to OPTION ED - Employee Dishonesty, there must be full compliance with all provisions and terms applicable to OPTION ED. Suit must commence within 2 years from the date the insured discovered the loss. The Mortgage Holders Condition is revised as follows: Mortgage Holders. When used in the follow- ing provisions of this condition, the term "mortgage holder" includes mortgagee, trus- tee or contract for deed vendor: Item c. of Mortgage Holders is replaced by the following: c. If we deny your claim because of your acts or because you have failed to com- ply with the terms of this policy, the mortgage holder will still have the right to receive loss payment if the mortgage holder: (1) pays any premium due under this policy at our request if you have failed to do so; and (2) submits a signed, sworn statement of loss within 60 days after receiv- Ing notice from us of your failure to do so. All terms of this policy will then apply directly to the mortgage holder. (CONTINUED) + in pursuing a claim under this cording to social security policy; standards. (3) actions by you that have sub- 4. Cancellation for non-payment of pre- stantially increased or sub- mium will not be effective if payment of stantially changed the risk the amount due is made prior to the insured; effective date of the cancellation. (4) your refusal to eliminate 5. If this policy has been issued for a term known conditions that in- longer than one year or for an indefinite crease the potential for loss term, we may cancel only for the specific after notification by us that the reasons set forth in 3. above. Written condition must be removed; notice of cancellation will be mailed or delivered to the first Named Insured at (5) substantial change in the risk least 60 days before the effective date assumed, except to the extent of cancellation. that we should reasonably have foreseen the change or 6. We will mail or deliver our notice of can- contemplated the risk in writ- cellation to the first Named Insured at ing the contract; their address last known to us and to the agent of record. If notice is mailed, it will (6) loss of reinsurance by us be by first class mail. Notice of such which provided coverage to us mailing is effective on deposit in the for a significant amount of the United states mail. Proof of mailing will underlying risk insured. Any be sufficient proof of notice. Our notice notice of cancellation under of cancellation will state the reason for this clause will advise the poll- and effective date of cancellation. The cyholder that the policyholder policy period will end on that date. has 10 days from the date of receipt of the notice to appeal 7. If this policy is cancelled, we will send the cancellation to the com- the first Named Insured any premium missioner of insurance and refund due. If we cancel, the refund will that the commissioner will ren- be pro rata. If the first Named Insured der a decision as to whether cancels, the refund may be less than pro the decision is justified be- rata. Cancellation will be effective even cause of loss of reinsurance if we have not made or offered a refund. within 5 business days after receipt of the appeal; The following Conditions are added: (7) a determination by the com- Non-Renewal. missioner that the continu- ation of this policy could place 1. If we decide not to renew this policy, we us in violation of the insurance will mail or deliver to the first Named laws of this state; or Insured written notice of non-renewal at least 60 days before the date of expira- (8) non-payment of dues to an as- tion provided in the policy. sociation or organization, where payment of dues is a 2. We will mail or deliver our notice of non- prerequisite to obtaining or renewal to the first Named Insured at continuing the insurance. This their address last known to us and to the provision for cancellation for agent of record. If notice is mailed, it will failure to pay dues does not be by first class mail. Notice of such apply to persons who are re- mailing is effective on deposit in the tired at 62 years of age or older or who are disabled ac- (CONTINUED) SECTION I AND SECTION II COMMON CONDITIONS Cancellation is revised as follows: We may cancel this policy by mailing or deliv- ering to: a. the first Named Insured; and b. each unit-owner and holder of an inter- est as security to whom certificates of insurance were issued; written notice of cancellation at least 30 days before the effective date of cancellation. The following is added to Transfer of Rights of Recovery Against Others to Us: Section I and II We waive our rights to recover payments against: a. any unit-owner, including the developer and members of the developer's house- hold; FE.6223.1 (1/95) b. the Association; and c. members of the board of directors for acts or omissions within the scope of their duties for you. But we reserve our rights to recover damages from the developer for which the developer may be held liable in the developer's capacity as a developer. This waiver does not apply under OP- TION ED - Employee Dishonesty. The following Condition is added: Unit-Owner Acts or Omissions. No act or omis- sion by any unit-owner or holder of an interest as security for an obligation will void this policy or be a condition to recovery under this policy. But this does not apply to unit-owners or interest holders acting within the scope of their authority on behalf of the Association. FE.6451 (10/89) TREE DEBRIS REMOVAL ENDORSEMENT The following is added to SECTION I EXTENSIONS OF COVERAGE: Tree Debris Removal. We will pay your expense to remove the debris of any broken or fallen tree if Coverage A property is damaged by the tree. The most we will pay in anyone occurrence at each location under this Extension of Coverage is $500 as an additional amount of insurance. All other policy provisions apply. FE.6451 (10/89) FE-65GB.; (;0/95) Under SECTION I DEDUCTIBLES, the special $100 deductible amount applicable to all glass losses is deieted and replaced by the Section I deductible otherwise included and shown in the Declarations of this policy. GLASS DEDUCTIBLE DELETION ENDORSEMENT All other policy provisions apply. FE-6538. ; (; 0/95) ('. .rF' ~B"" J. LEVITT Cou OZBLER RoBERT M. BOWEN ROB'EBT G. SBABE BURT E. SWANSON .. J. GALVtl<. JR. ""Il C. FORSBERG J. MCNEELY ~~";L/R~=UR. JR. TERENCE N. DOYLE RrcHARD H. KYLE JOHN L DEVNBY RONALD L. SoBE:NSON Pun H. SEED s.u.UEL L. !lANSON RONALD E. OllClLUlD JOHN TDOYEB STEPHEN WINNICK AVRON L. GOROON JaRN R. KENEl"ICK TBOlUS A. LA.BSON DAVID J. SPENCER DANIEL J. COLE. JR. Douous L. SaOH MICHAEL H. JEBONUIUS Il Scott DAVIES J. P.TRICK McDAVITt' JOHN 13. VAN DE NORTH, JR. RIcBAIiD G. MAliK ANDREW C. SELDEN ANDREW C. BECHER JEPl"REY J. KEYES JAXES E. NELSON JEROME A.GElS STEVE A. BRA.ND JOEL H. GonESMAN KA.IuN L. WILLE ALAN H. MACLIN JE:PYR1!:Y F. SHAW MA'ITBEW L.l..EVlTT DAVID G. GBEENING DAVID B. SAND JOSEPH P. NOACK CBAJllES R.lIAYNOR ANDREA M. BoND TIMOTHY P. FL.A.BEBTY M.&.BnN H. FISK ROBERT J. PRATTE JOHN BULTENA JAMES G. RAY RlcBAIiD H. MA.RTrn TRUDY J. HALLA MARy L. lPPEL JAMES A. VaSE RoBYN L. HA..NSEN LAW OFFICES ROBERT E. 'WOODS WllllA..'( J. JO.uns MARGARET K. S!..VAGE JOBS K. ELUSOBOE BRIA.."'I' G. BEUSLE ToNY Srr.!<BEB:OEB M..urr E. ScH.A.l".FNER M.ICB.A.EL H. STRUTER JOR."i H. l..J~STBOM RICHARD D. A...~DE.BSOS SALLy...... ScOOOI:S DAYID C. ~1cDmu..LD BRUCE W. MooTY A."iDBEW R. KlNTZINOEB FBEDEHICK P. 1\.,"msT ROBERT L. LEE A."ffl" H USTRODS GREGORY J. STENMOE CHA.RLES B. ROGERS TERRY L. SLYE ~1AUREEN E. WARREN ~UHY M. DYRSETH PATRICK ~. GABBY TIMOTHY E. MARx CHERYL A- THOMAS REV!!< A. BERG }'1ARK SCRRmmEB: 101. ERIOID McDONOUGH BRIGGS AND ~10RGAN PROFESSIONAL ASSOCIATION 2200 FIRST NATIONAL BANK BUILDING SAINT PAUL, MINNESOTA 55101 TELEPHONE (612) 291-1215 TELECOPIER (612) 222 -4071 INCLUDING THE FORMER FIRM OF LEVITT, PALMER, BOWEN, ROTMAN & SHARE January 22, 1988 Via Messenger Mr. Craig A. Waldron City of Roseville 2660 Civic Center Drive Roseville, MN 55113 Re: Roseville Local Development Corporation Dear Mr. Waldron: MICHAEL J. GRIMES MARlA...l.f ~. DURKIN CHRISTOPHER C. CLE'\""ELA..VO S"ANCT D. ARNtSON MICHA.EL J. ~cEu.ISTllE}( UUB.E1( A. FITBlA.."i PAUL S. JACOBSEN COLLEEN V. SaORT DUJU J. \'A.NCE-BRYA..~ KEAl. T. BUETHE. St.:SAN B. THOKAS TIMOTHY J. lUEJi'A."i ROBERT L. STEBl:'P }1ICllAEL THOMAS ~1ILLER CARLOS R. CAHRASQt;U.LO KRISTIN S. XF.LBY ELENA L. OSTBY KEVI'X J. firSIEER RLTH J. KEuu.... \'INcEn A. TnoKAs fuRl[ J. FRENZ N'ASCY J. WaLl" DEI\'1'IIS L.llA.LL A,11l1)REA ~1. fuCE!II.EIEH PATRICK T. SllELLY DIA.NE .B. LITTLE OF COL'NSEL J. NEIL MORTON RICHARD E. KYLE JOIL"i M. PA.I.J(ER SAMUEL H. ~iOROAN FBA.......x N. Ga.ulAx :\. L.ACBENcB 0.6.\"15 CURr::.NCE G. FUllIE FtL\....... K H....X!lIOSD Lr:O:-lABD .J. KEYES JOHN M.SULUVAN I am writing to you pursuant to our discussion earlier this week regarding the Roseville Local Development Corporation. With '- respect to your questions regarding liability of directors of a nonprofit corporation, I refer you to Minn. Stat. ~317.201, a copy of which is enclosed for your reference. As you can see, subject to certain exceptions, a director of a nonprofit corporation serving without compensation cannot be held civilly liable for his or her actions, so long as such actions were in good faith, within the scope of responsibilities, and do not constitute will- ful or reckless misconduct. You also expressed some concern regarding the language used in the Purposes clause of Article II of the Articles of Incorpora- tion. Specifically, you questioned the use of the language "but without limitation" appearing in the second paragraph of Article II. The Purposes provisions of the Articles were drafted in a manner that sets forth the general purposes of the corporation, but at the same time, provides some flexibility to allow the corporation to achieve its objectives. A corporation may exercise only those powers which are expressly granted to it in the incorp- oration documents. By giving the corporation broad, flexible powers, the corporation avoids potential claims by third parties who claim that the actions of the corporation are not authorized. You should also note that in Roseville Local Development Corpora- tion's situation, the Board of Directors exercises the ultimate authority to run the corporation. Therefore, regardless of what authority is granted in the Articles of Incorporation, the \. 2270 MN WORLD TRADE CENTER SAINT PAUL. MINNESOTA ~~101 1612) 291'121~ 2200 FIRST NATIONAL BANK BUILDINO' SAINT PAUL, MINNESOTA ~ruOl (612) 291'121~ 2400 IDS CENTER MINNEAPOLIS. MINNESOTA ~M02 16121339'0661 r; {,. \. " BRIGGS AND MORGAN Mr. Craig A. Waldron January 22, 1988 Page 2 corporate board still controls the direction and purposes of the corporation. In my opinion, it would be in the best interests of the corp- oration to operate under the broad Purposes clause of the Articles. However, if a change is desired, the Articles can easily be amended by filing an amendment with the Secretary of State. If you have any further questions in regard to this matter, please do not hesitate to contact me. TJK/sc27 Very"- trul --r~ Timothy Enclosures cc: John Bultena, Esq. \ ~ LAW OFFICES OF PETERSON. BELL. CONVERSE 8: JENSEN 2100 AMERICAN NATIONAL BANK BUILDING 101 EAST FIFTH STREET ST. PAUL. MINNESOTA 55101 (612) 224.4703 ERWIN A. PETERSON ROBERT C. BELL WILLARD L. CONVERSE ROGER A. JENSEN KURT F. WALTHER W. TIMOTHY MALCHOW MARTIN J. COSTELLO JAMES C. ERICKSON WILLIAM M. DRINANE CAROL A. BALDWIN ADAM E. BRIDGE January 25, 1988 City Council City of Roseville 2660 Civic Center Drive Roseville, Minnesota 55113 Re: Liability of Directors of Roseville Local Development Corporation Our File No. 1011-19 Dear Members of the Council: A nonprofit corporation has been organized under the name of Roseville Local Development Corporation. The City Council will serve as the Board of Directors. The question has been asked: . "What liabiltiy may the Council Members be exposed to?" The operation initially will be to receive certain funds from the federal ~overnment.These funds will be used to supplement individual purchases of housing units in Villa Park. The Council, as the Board of Directors, will establish rules, procedures, and probably retain some financial organizations to administer the program. In our opinion liability will be remote. There are several statutes and ordinances protecting such directors: See Minn. Stat. 317.201. A copy attached. Also the City Code of the City of Roseville, Section 280.010, requires indemnification of certain Board members. In our opinion this section would apply. . \. RCB/ eld Encl. s..,~@ r' 46 \. TIONS .9 Repealed. ATE. .own as a Young Men's Christian :ltion by adopting, signing, and ng: Jrporators; s principal place of business, and :d; who shall manage its affairs, how meetings; and p. :d with the secretary of state and ,ts principal place of business. I YO'9lg Men's Christian Associa- lay :orporate under sections :i0l. lst be executed by all the :he property of the society passes .. '.; t~1 ~, ~ NONPROFIT CORPOR..HIONS 317.201 :1 , :1 47 CHAPTER 317 NONPROFIT CORPORATIONS 317.03 Foreign nonprofit corporations, sections applicable. 317.20 I Unpaid directors or trustees; liability for damages. 317.65 Corporations 10 secure or maintain homes for dependent children. 317.67 Fees; filing documents. 317.03 FOREIGN NONPROFIT CORPORATIONS, SECTIONS APPLICABLE. (1) Except for this section and section 317.42 concerning merger or consolidation, this chapter does not apply to foreign corporations. (2) Except as provided in clauses (3) and (4) a foreign corporation is subject to the provisions of the Minnesota foreign corporations act, Minnesota Statutes, chapter 303. Unless it complies with that chapter a foreign corporation shall not transact business in this state. (3) Sections 303.07, 303.14, 303.22, 303.02, subdivision 2, and 303.16, subdivi- sion 2, clauses (6) and (7), do not apply to foreign corporations. (4) A foreign corporation transacting business in this state on April 21, 1951, shall comply with this section within one year. History: 1987 c 384 art 2 s 76 317.201 UNPAID DIRECTORS OR TRUSTEES; LIABILITY FOR DAMAGES. Subdivision 1. Generally. Except as provided in subdivision 2, no person who serves without compensation as a director, officer, trustee, member, or agent of an organization exempt from state income taxation under section 290.05, subdivision 2, or who serves without compensation as a fire chief of a nonprofit firefighting corpora- tion or municipal volunteer fire department, shall be held civilly liable for an act or omission by that person if the act or omission was in good faith, was within the scope of the person's responsibilities as a director, officer, trustee, member, agent, or fire chief of the organization, and did not constitute willful or reckless misconduct. Subd. 2. Exceptions. Subdivision 1 does not apply to: (l) an action or proceeding brought by the attorney general for a breach of a fiduciary duty as a director; (2) a cause of action to the extent it is based on federal law; (3) a cause of action based on the person's express contractual obligation; or (4) an action or proceeding based on a breach of public pension plan fiduciary responsibility. Nothing in subdivision 1 limits an individual's liability for physical injury to the person of another or for wrongful death which is personally and directly caused by that individual, nor the liability ofa municipality arising out of the performance of firefight- ing or related activities. Subd. 3. Definition. For purposes of this section, the term "compensation" means any thing of value received for services rendered, except: (1) reimbursement for expenses actually incurred; (2) a per diem in an amount not to exceed the per diem authorized for state advisory councils and committees pursuant to section 15.059, subdivision 3; or (3) payment by an organization of insurance premiums on behalf of a person who is or was a director, officer, trustee, member, or agent of an organization, or who, while a director, officer, trustee, member, or agent of the organization, is or was serving at the request of the organization as a director, officer, partner, trustee, employee, or agent of another organization or employee benefit plan against any liability asserted against and incurred by the person in or arising from that capacity. History: 1987 c 326 s 2 ?",-''''- ,..-'" .....~.--.-_., ~ .317.20 NONPROFIT CORPORATIONS"" . 1973 Amendment., Added authorization' tD pay direetors for their servictis 'by bylaws' or both bylaws and articles iD subeL 5. 1980 Amendment.' Revised subeLi. For for- mer text see the maiD volume. 1982 Amendment. Added clause (4) tD subeL 8. ., ;. . Not. of Dedsiona Es oftielo dlrec:ton, 2 .';." 1983 Amendment. Deleted the former subd. 12 and added the present subd. 12. 1986 Amendment. Laws 1986, c. 444, ~ I, removed gender specific references applicable to human beings throughout Minn.Stats. by adopt- ' ing by reference proposed amendments for such revision prepared by the revisor of statutes pur- suant to Laws 1984, c. 480, ~ 21, and certified and filed with the secretary of state on Jan. 24, 1986. Section. 3 of Laws 1986, c. 444, provides that the amendments "do not change the sub- stance of the statutes amended." 2. Es officio clirecton .' Police pension association had power to adopt bylaws limiting voting rights of ex officio board members. City of Fridley v. Fridley Police Pen- sion Asa'n, App.1985, 367 N.W.2d 99. Where Nonprofit Corporation Act, ~ 317.01 et seq., was already in effect and empowered non- profit corporations to limit rights of ex officio board members at time that legislature enacted ... t 423.803, providing for incorporation and gover- .~ nance of police relief associations, it was to be .' presumed that legislature was aware of power it .":. gave to nonprofit corporations to limit rights of :q ex officio directors when it enacted ~ 423.803, ... governing police relief associations. City of Fridley v. Fridley Police Pension Ass'n, App. 1985,367 N.W.2d 99. ~ i 317.201. Unpaid directors or trustees; liability for damages 't .4- Subdivision 1. Generally. Except as provided in subdivision 2, no person who serves' .., without compensation as a director, officer, trustee, member, or agent of an organization j exempt from state income taxation under section 290.05, subdivision 2, or who serves without compensation as a fire chief of a nonprofit fire fighting corporation or municipal volunteer fire department, shall be held civilly liable for an act or omission by that person if the act or omission was in good faith, was within the scope of the person's responsibili- ties as a director, officer, trustee, member, agent, or fire chief of the organization, and did not constitute willful or reckless misconduct Subd. 2. Exceptions. Subdivision 1 does not apply to: (1) an action or proceeding brought by the attorney genera:l 'for a breach of a fiduciary duty as a director; , (2) a cause of. action to the extent it is based on federal law; . (3) a cause of action based on the person's express contractual obligation; or (4) an action or proceeding based on a breach of public pension plan fiduciary responsibility. Nothing in subdivision 1 limits an individual's liability for physical injury to the person of another or for wrongful death which is personally and directly caused by that individual, nor the liabilitY of a municipality' arising out of the performance of firefighting or related activities. .~.~, . Subd. 3. Defmition. For purposes of this section, the term "compensation" means any thing of value received for services rendered, except: fl. /' ot (1) reimbursement for expenses aCtually incurred; '3 .., t4 1t;4 (2) a per diem in an amount not to exceed the per diem authorized for state advisory councils and committees pursuant to section 15.059, subdivision 3; or (3) payment by an organization of insurance 'premiums on behalf of a person who is or was a director, officer, trustee, member, or agent of an organization, or who, while a director, officer, trustee, membet, or agent of the organization, is or was serving at the request of the organization as a director, officer, partner, trustee, employee, or agent of another organization or employee benefit plan against any liability asserted against -and incurred by the person in or arising from ~t capacity. Laws 1986; c. 455, t 62. eft. March 26, 1986.- . Amended by Laws 1987, c. 326; t 2, eff. Aug. 1, 1987. :76 NONPROFIT C() 1987 LelWaUon The 1987 ameni which previously ~ .. A director or a- tion or association ' the corporation or f 317 .21. Officer Subdivision 1 vide otherwise"1 offices of presid and agents deel (2) Unless the need not be dir, (3) Any of th person. j; ~. , Subd. 3. R persons authol officer's contI" Subd. 4. }. ment of the t absence of su (2) An offie an ordinarily exercise. (3) When 2 the board of Amended by I ~ i ;fi. :i ;, t 1980 Amen former text s, 1986 Amer removed gene human bein~ ing by refere 317.22. Me Subd. 6. are permit! (2) The 1 the persoD (3) ExCE (a) the : - (b) an 8 bas been (c) whe member's ~el { RAMSEY COUN1Y TO: FROM: DATE: RE: County Commissioners Diane Ahrens John T. Finley Ruby Hunt Duane W. McCarty Hal Norgard Donald E. Salverda Warren W. Schaber Office of the Executive Director 286 Court House 15 W. Kellogg Blvd. Saint Paul, Minnesota 55102 (612) 298-5980 Terry Schutten, Executive Director M E M 0 RAN DUM City Managers _~ (c/~j,\ Judy A. Karon, Directo \.....,/ J) Community and Economic\!2::'v . op~.D..t---" Augus t 22, 1991 Joint Cooperation Agreements Commlnity Development Block Grant Program (CDBG) Last week our office sent you a Joint Cooperation Agreement for renewed participation with the County in the Community Development Block Grant program (CDBG). The cover letter attached to the Agreement asked that you return the executed Agreement along with a copy of either your council resolution or a statement from your legal counsel indicating the authority for the signatories to enter into the Agreement by OCTOBER 10, 1991. It has come to our attention that an error appears in the actual Agreement on Page 4 in the last sentence of the third paragraph. This sentence references the date of August 15, 1991. The correct date is OCTOBER 10, 1991. Ye are sorry for the error and any inconvenience which this may have caused you. Should you additional 292-6461. JAK/py have further questions about the Agreement or desire information, please do not hesitate to contact us at We will be happy to assist you. ,16("'t~~'-)S JOINT COOPERATION AGREEMENT THIS AGREEMENT made and entered into by and between the County of Ramsey, State of Minnesota, hereinafter referred to as "COUNTY," and the CITY/TOWN of Roseville, Minnesota , hereinafter referred to as "MUNICIPALITY," said parties to this Agreement each being governmental units of the State of Minnesota, and is made pursuant to Minnesota Statutes, Section 471.59. V I T N E SSE T H WHEREAS, Title I of the Housing and Community Development Act of 1974, as amended, provides for a program of community development block grants; and, WHEREAS, Ramsey County, Minnesota qualifies under said law as an "urban county" eligible to receive community development block grant funds; and, WHEREAS, the County's population, among other factors, is a determinant of the eligibility of the County and the amount of resources which may be made available to the County to undertake activities under the afore-referenced law; and, WHEREAS, part 570, Chapter V of Title 24 of the Code of Federal regulations sets forth regulations governing the applicability and use of funds under Title I; and, 1 WHEREAS, provides that Section 570.105, titled "Qualifications As Urban County" computation of the County's population may include persons residing in "unincorporated areas" and in "its included parts of general local government with which it has entered into cooperative agreements to undertake or to assist in the undertaking of essential activities pursuant to community development block grants;" and, WHEREAS, it is in the interest of the City/Town of RoseviJlp.. Minnpsota to have its population counted together with other municipalities of Ramsey County who similarly agree; NOW, THEREFORE, in consideration of the mutual covenants and promises contained in this Agreement, the parties mutually agree to the following terms and conditions. I. DEFINITIONS For the purposes of this Agreement, the terms defined in this section have the meanings given to them: A. "The Act" means the Housing and Community Development Act of 1974, Title I, of Public Law 93-383, as amended (42 USC 5301 et seq.). B. "Regulations" means the rules and regulations promulgated pursuant to the Act, including but not limited to 24 CFR Part 570. C. "HUD" means the United States Department of Housing and 2 Urban Development. D. "Cooperating Community" means any city or town in Ramsey County which has entered into a cooperation agreement which is identical to this Agreement. The regulations contained in 42 USC 5302 of the Act and 24 CPR 570.3 of the Regulations are incorporated herein by reference and made a part hereof. II. PURPOSE Municipality and County have determined that it is desirable and in the interests of its citizens that the County qualifies as an urban county within the provisions of the Act. This Agreement contemplates that identical agreements will be executed between the County and other cities and towns in Ramsey County and such numbers will enable the County to so qualify under the Act. The purpose of this Agreement is to authorize the County to cooperate with the Municipality in undertaking, or assist in undertaking, essential community renewal and lower income housing assistance activities, specifically urban renewal and publicly assisted housing pursuant to community development block grants as authorized in the Act and the Regulations. III. TERM OF AGREEMENT The term of this agreement is for a period commencing on the effective day of August 31, 1991, and terminating no sooner than the end of the third 3 program year covered by the application for the basic grant amount approved subsequent to the effective date. This Agreement is extended automatically for each subsequent three-year program period unless written notice of termination to be effective at the end of the current three year program period is given by Municipality to County following the same schedule as the ~opt out~ notification requirements as established by HUD. The County shall provide written notification to Municipality of Municipality's right to ~opt out~ and terminate this Agreement at least (30) days prior to the ~opt out~ date. Notwithstanding any other provision of this Agreement, this Agreement shall be terminated at the end of any program year during which HUD withdraws its designation of Ramsey County as an Urban County under the Act. This Agreement shall be executed by the appropriate officers of Municipality and County pursuant to authority granted them by their respective governing bodies, and a copy of the authorizing resolution and executed Agreement shall be filed promptly by the Municipality in the office of the Ramsey County Executive Director, and in no event shall the Agreement be filed later than August 15, 1991. IV. METHOD The Municipality and County hereby agree that they will cooperate to undertake or assist in undertaking, community renewal and lower income housing assistance activities, specifically urban renewal and publicly assisted housing. The County shall prepare and submit to HUD and appropriate reviewing agencies, all necessary applications for a basic grant amount under the Act. In making the application, the County shall address the goals and needs of 4 County as developed in meetings between the Municipality, its citizens and the County, and also addressing the Act and other relevant Minnesota and/or Federal statutep or regulations. The parties agree to cooperate fully in establishing priorities and in preparation of the application for a basic grant amount. Municipality and County agree that the County shall establish a reasonable time schedule for the development of the grant application. In preparing the grant application and allocating grant funds received, the County shall consider projects proposed by the Municipalities. The County reserves the right to propose projects which are both consistent with the mutually-established goals, needs and priorities and within the County's statutory implementation authority. No Municipality shall be required to propose a project. It is anticipated by the parties that the party ultimately implementing a project funded by monies received from the grant may be either the Municipality or the County. The determination of which party will implement the project will be made by the parties after consideration of the nature and scope of the project, and the ability of each party to undertake the project, thought it is understood by the Municipality that the County shall have final responsibility for selecting projects from among those proposed by the Municipalities and the County and filing annual grant requests. The County is hereby authorized to distribute to the Municipality such funds as are determined appropriate for the Municipality to use in implementing a project and the County is hereby authorized to implement projects within the Municipality as are determined appropriate for the County to implement. Contracts let and purchases made pursuant to a project under this Agreement shall conform to the requirements applicable to the entity undertaking the project. 5 V. SPECIAL PROVISIONS Nothing in this Agreement shall be construed to prevent or otherwise modify or abrogate the right of Municipality or County to submit individual applications for discretionary funds in the event County does not receive designation as an Urban County entity under the Act. Nothing in this Agreement shall preclude the Municipality from establishing a Municipal Housing and Redevelopment Authority pursuant to MN Stat. 462.425. Nothing in this Agreement shall be deemed to create a county housing authority pursuant to MN. Stat. 462.426, Subd. 1-4. Municipality and County mutually agree to indemnify and hold harmless each other from any claims, losses, costs, expenses or damages resulting from the acts or omissions of their respective officers, agents and employees relating to activities conducted by either under this Agreement, the Act or the Regulations, up to any applicable statutory limits of tort liability. In the event that there is a revision of the Act and/or Regulations which would make this Agreement out of compliance with the Act or Regulations, both parties will review this Agreement to renegotiate those items necessary to bring the Agreement into compliance. Both parties understand and agree that the refusal to renegotiate this Agreement will result in the effective termination of the Agreement as of the date it is no longer in compliance with the Act and/or Regulations as amended. 6 All funds received by the County under the Act shall be deposited in the County treasury. Municipality and County shall maintain financial and other records and accounts in accordance with the requirements of the Act and Regulations. Such records and accounts will be in such form as to permit reports required of the County to be prepared therefrom and to permit the tracing of grant funds and program income to final expenditure. Municipality and County agree to make available all records and accounts with respect to matters covered by this Agreement at all reasonable times to their respective personnel and duly authorized federal officials. Such records shall be retained as provided by law, but in no event for a period of less than three years from the date of completion of any activity funded under the Act or less than three years from the last receipt of program income resulting from activity implementation. County shall perform all audits of the basic grant amounts and resulting program income as required under the Act and Regulations. All projects undertaken pursuant to this agreement shall be subject to home rule charter provisions, assessment, planning, zoning, sanitary and building laws, ordinances and regulations applicable to the Municipality in which the project is situated. The parties mutually agree to take all required actions to comply with the provisions of the National Environmental Policy Act of 1969, Title VI of the Civil Rights Act of 1964, Title VIII of the Civil Rights Act of 1968, 7 Executive Order 11988, Section 109 of the Housing and Community Development Act of 1974 and with all other applicable requirements of the Act and the Regulations in the use of basic grant amounts. Nothing in this Article shall be construed to lessen or abrogate County's responsibility to assume all obligations of an applicant under the Act, including the development of applications pursuant to 24 CFR 570.300 et seq. The parties further agree that the Municipality has adopted and has in force a policy which prohibits the use of excessive force by law enforcement agencies within its jurisdiction against any individuals engaged in non-violent civil rights demonstrations and a policy of enforcing applicable state and local laws against physically barring entrance to or exit from a facility or location which is the subject of such non-violent civil rights demonstrations within its jurisdiction. The parties further agree that the Municipality will take all steps necessary to assure compliance by the County with its certification required by Sections 104(b) and 109 of Title I of the Act, Title VI of the Civil Rights Act of 1964, the Fair Housing Act, and other applicable laws. The parties further agree that pursuant to 24 CFR 570.501 (b), the Municipality is subject to the same requirements applicable to subrecipients, including a written agreement as set forth in 24 CFR 570.503. Such agreements are only entered into when a Municipality chooses to propose a project and actually will receive funds from the County's entitlement allocation. IN WITNESS by its day of WHEREOF, the parties have caused this Agreement to be duly authorized officers and delivered on its behalf this executed 14th October 1991. 8 APPROVED AS TO FORM: CITY/TOWN OF Roseville, Minnesota CITY MUST CHECK ONE: Plan A By: Its: BY'~ Its: Ci ty Jl1r1nrlCJpr X Plan B 9 COUNTY OF RAMSEY STATE OF MINNESOTA By: Its: And: Its: Chartered RESOLUTION CONCERNING JOINT COOPERATIVE AGREEMENT RAMSEY COUNTY COMMUNITY DEVELOPMENT BLOCK GRANTS * * * * * Pursuant to due call and notice thereof, a meeting of the city Council of the City of Roseville, County of Ramsey, Minnesota was duly held on the 14th day of October, 1991 at 7:30 P.M. The following members were present: Thomas, Johnson, Cushman, Maschka, and Rog, and the following were absent: None. Member Thomas adopted. moved that the following resolution be RESOLUTION NO. 8715 WHEREAS, Ramsey County has become an entitlement County for block grants; and WHEREAS, the City has agreed to participate in the program, in 1985 and 1988; and WHEREAS, Roseville had benefitted from this particular program; and WHEREAS, it is more reasonable that the Ramsey County area suburbs compete between themselves as compared to various communities on a stat.ewide basis. NOW THEREFORE, be it resolved that the City of Roseville supports the Ramsey County Community Development Program; and BE IT FURTHER RESOLVED, the City Council authorizes entering into the joint cooperative agreement. .. Resolution No. 8715 Page 2 The motion for the adoption of the foregoing resolution was duly seconded by Member Johnson , and upon a vote being taken thereon, the following voted in favor thereof: Thomas, Johnson, Cushman, Maschka, and Rog, and the following voted against the same: None. WHEREUPON said resolution was declared duly passed and adopted. STATE OF MINNESOTA) ) SS COUNTY OF RAMSEY ) I, the undersigned, being the duly qualified City Manager of the City of Roseville, County of Ramsey, State of Minnesota, do hereby certify that I have carefully compared the attached and foregoing extract of minutes of a regular meeting of said City Council held on the 14th day of October, 1991, with the original thereof on file in my office. WITNESS MY HAND officially as such Manager this 15th 1991. day of October , ; st~ger .' ) I /.;' \ '\ ' ., " , "J', 't \ "\ ) . : ,\ /. (. " . \. . <;) :' / ,SEAL I . i I); " ) J1 " , I I ) ) ',' i ) .<",/) ), '-, f h .,j<'" ') (I;" , ,,' \ \\\~,i/ ) 1\ ) \ , . ,\ '> JOINT COOPERATION AGREEMENT THIS AGREEMENT made and entered into by and between the County of Ramsey, State of Minnesota, hereinafter referred to as "COUNTY," and the CITY/TOWN of Rnspvj lIe, Minnesota , hereinafter referred to as "MUNICIPALITY," said parties to this Agreement each being governmental units of the State of Minnesota, and is made pursuant to Minnesota Statutes, Section 471.59. V I T N E SSE T H WHEREAS, Title I of the Housing and Community Development Act of 1974, as amended, provides for a program of community development block grants; and, WHEREAS, Ramsey County, Minnesota qualifies under said law as an "urban county" eligible to receive community development block grant funds; and, WHEREAS, the County'S population, among other factors, is a determinant of the eligibility of the County and the amount of resources which may be made available to the County to undertake activities under the afore-referenced law; and, WHEREAS, part 570, Chapter V of Title 24 of the Code of Federal regulations sets forth regulations governing the applicability and use of funds under Title I; and, 1 WHEREAS, Section 570.105, titled "Qualifications As Urban County" provides that computation of the County's population may include persons residing in "unincorporated areas" and in "its included parts of general local government with which it has entered into cooperative agreements to undertake or to assist in the undertaking of essential activities pursuant to community development block grants;" and, WHEREAS, it is in the interest of the City/Town of Roseville, Hinnesota to have its population counted together with other municipalities of Ramsey County who similarly agree; NOW, THEREFORE, in consideration of the mutual covenants and promises contained in this Agreement, the parties mutually agree to the following terms and conditions. I. DEFINITIONS For the purposes of this Agreement, the terms defined in this section have the meanings given to them: A. "The Ac t" means the Housing and Communi ty Developmen t Ac t of 1974, Title I, of Public Law 93-383, as amended (42 USC 5301 et seq.). B. "Regulations" means the.rules and regulations promulgated pursuant to the Act, including but not limited to 24 CFR Part 570. C. "HUD" means the United States Department of Housing and 2 Urban Development. D. "Cooperating Community" means any city or town in Ramsey County which has entered into a cooperation agreement which is identical to this Agreement. The regulations contained in 42 USC 5302 of the Act and 24 CFR 570.3 of the Regulations are incorporated herein by reference and made a part hereof. II. PURPOSE Municipality and County have determined that it is desirable and in the interests of its citizens that the County qualifies as an urban county within the provisions of the Act. This Agreement contemplates that identical agreements will be executed between the County and other cities and towns in Ramsey County and such numbers will enable the County to so qualify under the Act. The purpose of this Agreement is to authorize the County to cooperate with the Municipality in undertaking, or assist in undertaking, essential community renewal and lower income housing assistance activities, specifically urban renewal and publicly assisted housing pursuant to community development block grants as authorized in the Act. and the Regulations. III. TERM OF AGREEMENT The term of this agreement is for a period commencing on the effective day of August 31, 1991, and terminating no sooner than the end of the third 3 program year covered by the application for the basic grant amount approved subsequent to the effective date. This Agreement is extended automatically for each subsequent three-year program period unless written notice of termination to be effective at the end of the current three year program period is given by Municipality to County following the same schedule as the "opt out" notification requirements as established by HUD. The County shall provide written notification to Municipality of Municipality's right to "opt out" and terminate this Agreement at least (30) days prior to the "opt out" date. Notwithstanding any other provision of this Agreement, this Agreement shall be terminated at the end of any program year during which HUD withdraws its designation of Ramsey County as an Urban County under the Act. This Agreement shall be executed by the appropriate officers of Municipality and County pursuant to authority granted them by their respective governing bodies, and a copy of the authorizing resolution and executed Agreement shall be filed promptly by the Municipality in the office of the Ramsey County Executive Director, and in no event shall the Agreement be filed later than August 15, 1991. IV. METHOD The Municipality and County hereby agree that they will cooperate to undertake or assist in undertaking, community renewal and lower income housing assistance activities, specifically urban renewal and publicly assisted housing. The County shall prepare and submit to HUD and appropriate reviewing agencies, all necessary applications for a basic grant amount under the Act. In making the application, the County shall address the goals and needs of 4 County as developed in meetings between the Municipality, its citizens and the County, and also addressing the Act and other relevant Minnesota and/or Federal statutes or regulations. The parties agree to cooperate fully in establishing priorities and in preparation of the application for a basic grant amount. Municipality and County agree that the County shall establish a reasonable time schedule for the development of the grant application. In preparing the grant application and allocating grant funds received, the County shall consider projects proposed by the Municipalities. The County reserves the right to propose projects which are both consistent with the mutually-established goals, needs and priorities and within the County's statutory implementation authority. No Municipality shall be required to propose a project. It is anticipated by the parties that the party ultimately implementing a project funded by monies received from the grant may be either the Municipality or the County. The determination of which party will implement the project will be made by the parties after consideration of the nature and scope of the project, and the ability of each party to undertake the project, thought it is understood by the Municipality that the County shall have final responsibility for selecting projects from among those proposed by the Municipalities and the County and filing annual grant requests. The County is hereby authorized to distribute to the Municipality such funds as are determined appropriate for the Municipality to use in implementing a project and the County is hereby authorized to implement projects within the Municipality as are determined appropriate for the County to implement. Contracts let and purchases made pursuant to a project under this Agreement shall conform to the requirements applicable to the entity undertaking the project. 5 i v. SPECIAL PROVISIONS Nothing in this Agreement shall be construed to prevent or otherwise modify or abrogate the right of Municipality or County to submit individual applications for discretionary funds in the event County does not receive designation as an Urban County entity under the Act. Nothing in this Agreement shall preclude the Municipality from establishing a Municipal Housing and Redevelopment Authority pursuant to MN Stat. 462.425. Nothing in this Agreement shall be deemed to create a county housing authority pursuant to MN. Stat. 462.426, Subd. 1-4. Municipality and County mutually agree to indemnify and hold harmless each other from any claims, losses, costs, expenses or damages resulting from the acts or omissions of their respective officers, agents and employees relating to activities conducted by either under this Agreement, the Act or the Regulations, up to any applicable statutory limits of tort liability. In the event that there is a revision of the Act and/or Regulations which would make this Agreement out of compliance with the Act or Regulations, both parties will review this Agreement to renegotiate those items necessary to bring the Agreement into compliance. Both parties understand and agree that the refusal to renegotiate this Agreement will result in the effective termination of the Agreement as of the date it is no longer in compliance with the Act and/or Regulations as amended. 6 j All funds received by the County under the Act shall be deposited in the County treasury. Municipality and County shall maintain financial and other records and accounts in accordance with the requirements of the Act and Regulations. Such records and accounts will be in such form as to permit reports required of the County to be prepared therefrom and to permit the tracing of grant funds and program income to final expenditure. Municipality and County agree to make available all records and accounts with respect to matters covered by this Agreement at all reasonable times to their respective personnel and duly authorized federal officials. Such records shall be retained as provided by law, but in no event for a period of less than three years from the date of completion of any activity funded under the Act or less than three years from the last receipt of program income resulting from activity implementation. County shall perform all audits of the basic grant amounts and resulting program income as required under the Act and Regulations. All projects undertaken pursuant to this agreement shall be subject to home rule charter provisions, assessment, planning, zoning, sanitary and building laws, ordinances and regulations applicable to the Municipality in which the project is situated. The parties mutually agree to take all required actions to comply with the provisions of the National Environmental Policy Act of 1969, Title VI of the Civil Rights Act of 1964, Title VIII of the Civil Rights Act of 1968, 7 , Executive Order 11988, Section 109 of the Housing and Community Development Act of 1974 and with all other applicable requirements of the Act and the Regulations in the use of basic grant amounts. Nothing in this Article shall be construed to lessen or abrogate County'S responsibility to assume all obligations of an applicant under the Act, including the development of applications pursuant to 24 CFR 570.300 et seq. The parties further agree that the Municipality has adopted and has in force a policy which prohibits the use of excessive force by law enforcement agencies within its jurisdiction against. any individuals engaged in non-violent civil rights demonstrations and a policy of enforcing applicable state and local laws against physically barring entrance to or exit from a facility or location which is the subject of such non-violent civil rights demonstrations within its jurisdiction. The parties further agree that the Municipality will take all steps necessary to assure compliance by the County with its certification required by Sections 104(b) and 109 of Title I of the Act, Title VI of the Civil Rights Act of 1964, the Fair Housing Act, and other applicable laws. The parties further agree that pursuant to 24 CFR 570.501 (b), the Municipality is subject to the same requirements applicable to subrecipients, including a written agreement as set forth in 24 CFR 570.503. Such agreements are only entered into when a Municipality chooses to propose a project and actually will receive funds from the County's entitlement allocation. IN ~ITNESS by its day of ~HEREOF, the parties have caused this Agreement to be duly authorized officers and delivered on its behalf this October , 1991. 8 executed 14th {' ~ ,t " . APPROVED AS TO FORM: CITY/TOWN OF Roseville, Minnesota CITY MUST CHECK ONE: By: Plan A By: ~~ Its: City Manager )( Plan B 9 COUNTY OF RAMSEY STATE OF MINNESOTA By: Its: And: Its: Chartered .. '-- I' ROSEVILLE LOCAL DEVELOPMENT CORPORATION FIRST MEETING OF THE BOARD OF DIRECTORS Y~bruarv 8 , 1988 ll~L P M. PROPOSED RESOLUTIONS RESOLUTION NO. 1 RATIFICATION OF. ACTS OF INCORPORATOR RESOLVED that all actions of the incorporator as disclosed by or upon public records be, and the same hereby are, in all things ra tif ied, conf i rmed, and adopted as the acts and deeds of the corporation. RESOLUTION NO. 2 ADOPTION OF INITIAL BYLAWS RESOLVED that the Bylaws presented to the directors and rev iewed by them at this meeting be, and the same hereby are, adopted as the Bylaws of the corporation, and the Secretary hereby is directed to file them in the minute book of the corporation and to authenticate them by certificate. RESOLTUION NO. 3 ELECTION OF OFFICERS RESOLVED that the following persons be, and they hereby are, elected to the offices of the corporation set opposite their respective names to serve until the first annual meeting of the Board of Directors and until their successors are elected and qualify, subject to their earlier disqualification, resignation, or removal: Name Office R. Robert Matson Vernon Johnson Joanne Cushman President Secretary Treasurer r '- " RESOLUTION NO. 4 ADOPTION OF FISCAL YEAR RESOLVED that the fiscal year of the corporation shall end on December 31 of each year. RESOLUTION NO. 5 AUTHORIZATION TO APPLY FOR TAX EXEMPT STATUS, ETC. ) RESOLVED that the President or any other officer of the corporation be, and each hereby is, authorized and directed to take all necessary and appropriate action (i) to secure for the corporation recognition that it is exempt from federal income tax under section 501(a) of the Internal Revenue Code of 1986, as now enacted or hereafter amended, and from state income tax under cognate provisions of applicable state law, and (ii) otherwise cause the corporation to be a party to a request of the Internal Revenue Service for a ruling on such other matters of tax law affecting the corporation as such officers are advised by legal counsel are appropriate subjects of such a request for ruling; and in connection with the foregoing, to execute any and all applications, requests, powers of attorney, and related documents and instruments of whatever nature. 2 ~. . -f .r ~. EXTRACT OF MINUTES OF MEETING OF THE LOCAL DEVELOPNENT CORPORATION OF THE CITY OF ROSEVILLE * * * * * * * * * * * * Pursuant to due call and notice thereof, a regular meeting of the Roseville Local Development Corporation, County of Ramsey, Minnesota was duly held on the 8th of February 1988 at 11:45 p.m. The following members were present: Johnson, Matson, Cushman, Kehr, and Rog and the following were absent: None Member Johnson introduced the following resolution and moved its adoption: RESOLUTION NO. 6 AUTHORIZING ROSEVILLE LOCAL DEVELOPHENT CORPORATION TO CONTRACT ~'lITH CITY HANAGER I S OFFICE FOR ADMINISTRATIVE PURPOSES. WHEREAS, the ROSEVILLE LOCAL DEVELOPHENT CORPORATION has been properly formed, and, WHEREAS, the ROSEVILLE LOCAL DEVELOPHENT CORPORATION will require general staffing and administrative assistance, and, ~'lHEREAS, the ROSEVILLE LOCAL DEVELOPHENT CORPORATION will require specific staffing for the Villa Park Contract. NOW, THEREFORE, BE IT RESOLVED, that the ROSEVILLE LOCAL DEVELOPHENT CORPORATION will contract with the City Manager IS Office for all administrative activities. As part of these responsibilities, the City shall deposit all monies, drafts, checks, etc. in the name of the Corporation. The Local Development Corporation therefore authorizes the City to disperse funds and endorse for deposits all checks, notes, and drafts received by the corporation. The City will be required to maintain accurate accounts. The motion for the adoption of the foregoing resolution was duly seconded by Member Matson and upon a vote being taken thereon, the following voted in favor thereof: Johnson, Matson, Cushman, Kehr and Rog, and the following voted against the same: None WHEREUPON said resolution was declared duly passed and adopted. ., r' Resolution No. ~ Page 2 STATE OF MINNESOTA) ) 55 COUNTY OF RAMSEY ) I, the undersigned, being the duly qualified Mayor of the City of Roseville, County of Ramsey, State of Minnesota, do hereby certify that I have carefully compared the attached and foregoing resolu- tion of the first Annual Meeting of the Local Development Corpora- tion of the City of Roseville held on the 8th day of February, 1988, with the minutes thereof on file in the office of the City Manager. WITNESS MY Hk~D officially as such Mayor this 17th day of February, ,1988. ., t\ ; ) " ,SEJ..L , '" : ; 1, ! ;: , , -- 1" . \, I \ ) \ , /' \ \ \ I / '- -- .~ AGENDA CITY OF ROSEVILLE FIRST ANNUAL MEETING OF THE ROSEVILLE LOCAL DEVELOPHENT CORPORATION (WILL FOLLOW REGULAR COUNCIL MEETING) FEBRUARY 8, 1988 ROLL CALL A. REPORTS AND RECOMMENDATIONS 1. Approval of Resolutions 1 through 5, formulating the Roseville Local Development Corporation. 2. Resolution authorizing Local Development Corporation to contract with City Manager's office for administrative purposes. B. OTHER BUSINESS C. ADJOURNHENT .~ REQUEST FOR COUNCIL ACTION DATE: 2-8-88 ITEt-l NO.: A - J Depart~val: Item Description: Manager Reviewed: Agenda Section: Reports & Recommendations Approval of Resolutions 1 - 5 for~ulating the Roseville Local Development Corporation. At previous work sessions, Staff and Council have discussed the formulation of a Local Development Corporation, which will allow the City to properly manage the HOD grant money for the Villa Park low interest loan project. A number of concerns were discussed at a previous work session, relating to some language in the bylaws, and the potential liability of the corporation's directors. Letters from Briggs & Morgan, and Peterson, Bell & r0nverse are attached, relating to these concerns. Briggs and Morgan is Jating that in view of the fact that the Local Development Corporation cannot exercise any powers above and beyond what the Board of Directors deem appropriate, that the broad purposes clause continue to be utilized. With respect to legal liability, both Briggs & Morgan, and Peterson, Bell & Converse reference Minnesota statute 317.201. which protects the directors. In addition, the City code indemnifying City Board member s appl ies to the Local Development Corporation in Hr. Bell's opinion. COUNCIL ACTION REQUESTED: Motion approving/denying the Approval of Resolutions 1-5 formulating the Roseville Local Development Corporation. '- .' " REQUEST FOR COUNCIL ACTION DATE: 2-0-88 ITEM NO.:~~.J-- Department Approval: W11 Manager Reviewed: Agenda Section: Reports & Reconmendations Item "Description: Resolution authorizing Local Development Corporation to contract with City Manager's office for Administrative purposes. If the Local Development Corporation is properly approved, it is appropriate that the Development Corporation proceed to secure staff assistance. The following resolution authorizes the City Manager's office to staff the Local Development Corporation. In addition, it allows for the Managers Office to conduct the Treasury operation, which will expedite all money matters relating to the Local Development Corporation. ) COUNCIL ACTION REQUESTED: Motion approving/denying the Resolution authorizing Local Development Corporation to contract with City Manager's office for Administrative purposes. '- EXTP~CT OF MINUTES OF MEETING OF THE LOCAL DEVELOPMENT CORPORATION OF THE CITY OF ROSEVILLE * * * * * * * * * * * * Pursuant to due call and notice thereof, a regular meeting of the Roseville Local Development Corporation, County of Ramsey, Minnesota was duly held on the 11th of January, 1988 at 7:30 p.m. The following members were present: and the following were absent: Member its adoption: introduced the following resolution and moved RESOLUTION AUTHORIZING ROSEVILLE LOCAL DEVELOP~1ENT CORPORATION TO CONTRACT WITH CITY 11ANAGER'S OFFICE FOR ADMINISTRATIVE PURPOSES. WHEREAS, the ROSEVILLE LOCAL DEVELOPMENT CORPORATION has been properly formed, and, WHEREAS, the ROSEVILLE LOCAL DEVELOPMENT CORPORATION will require general staffing and administrative assistance, and, WHEREAS, the ROSEVILLE LOCAL DEVELOPHENT CORPORATION will require specific staffing for the Villa Park Contract. NOW, THEREFORE, BE IT RESOLVED, that the ROSEVILLE LOCAL DEVELOPMENT CORPORATION will contract with the City Manager's Office for all administrative activities. As part of these responsibilities, the City shall deposit all monies, drafts, checks, etc. in the name of the Corporation. The Local Development Corporation therefore authorizes the City to disperse funds and endorse for deposits all checks, notes, and drafts received by the corporation. The City will be required to maintain accurate accounts. The motion for the adoption of the foregoing resolution was duly seconded by Member and upon a vote being taken thereon, the following voted in favor thereof: , and the following voted against the same: WHEREUPON said resolution was declared duly passed and adopted. .~ ,.' -'-. '\ Resolution No. STATE OF MINNESOTA} } SS COUNTY OF RAMSEY } I, the undersigned, being the duly qualified City Manager of the City of Roseville, County of Ramsey, State of Minnesota, do hereby certify that I have carefully compared the attached and foregoing extract of minutes of a regular meeting of said City Council held on the 11th of January 1988, with the original thereof on file in my office. WITNESS MY HAND officially as such Manager this January, 1988. day o f James F. Andre City Hanager SEAL ! .. . , , ') ARTICLES OF INCORPORATION OF ROSEVILLE LOCAL DEVELOPMENT CORPORATION The undersigned, a natural person of full age, for the purpose of forming a corporation under the provisions of the Minnesota Nonprofit Corporation Act, Minnesota Statutes Chapter 317, and laws amendatory thereof and supplementary thereto, hereby adopts the following Articles of Incorporation: ARTICLE I Name The name of the corporation is: ROSEVILLE LOCAL DEVELOPMENT CORPORATION. ARTICLE II Purposes The corporation is organized and shall be operated exclusively for charitable purposes, as such purposes are legally defined; excluding, however, any purpose that is not exclusively charitable within the meaning of sections 170(c) (2), 801(c) (3), 2055(a) (2), and 2522(a) (2) of the Internal Revenue Code of 1986, as now enacted or hereafter amended (the "Code"). All references in these Articles of Incorporation to a particular section of the Code shall mean and include, as now enacted or as hereafter amended, such section and any provisions of federal or state law as now are or may hereafter be applicable, cognate to such section. The corporation at all times shall be operated, supervised, or controlled by or in connection with, as contemplated by section 509(a) (3) (B) of the Code, the City of Roseville, Minnesota (the "City"), an organization described in section 509(a) (1) and l70(b) (1) (A) (v) of the Code. Subject to the foregoing and within the scope and in furtherance of the charitable purposes herein provided, the corporation is organized and shall be operated exclusively ~or the benefit of, to perform the functions of, or to carry out the purposes of the City, as contemplated by section 509(a) (30(A) of the Code by directly or indirectly advancing, supporting, romoting conductin administer in or en aqJn in carIta e actIVIties, causes, ro'ects and programs of ever kind and nature related or con rl uting to the care 0 t e aged, the lessening of the burdens of governmentJ the combating of comrrwnity deterioration, and the promotion of the social welfare throu h accomplishment of the oregolng. pecI lca y, but without limitation, the corporation shall facilitate the access of low to moderate income senior citizens of the City to sound, affordab~ - " ARTICLE III Duration The existence of the corporation shall be perpetual. ARTICLE IV Registered Office The address of the registered office of the corporation in the State of Minnesota is: 2660 Civic Center Drive Roseville, Minnesota 55113 ARTICLE V Capital Stock The corporation shall not have capital stock. ARTICLE VI Board of Directors; Members The management and direction of the business and affairs of the corporation shall be vested in a board of directors. The directors of the corporation shall consist of and shall be limited to those individuals who from time to time comprise the members of the City Council of the City, elected or appointed in accordance with the charter of the City. A member of the City Council, upon ceasing to hold office as such, automatically shall cease to be a director of this corporation. His or her successor on the City Council, so long as he or she continues as a member of the City Council, shall become and be a director of this corporation. The powers, authority, and duties of the directors of the corporation, the time and place of their meetings, and such other provision with respect to them as are not inconsistent with the express provisions of these Articles of Incorporation shall be as specified in the bylaws of the corporation. The directors of the corporation shall be the only members of the corporation. Each director of the corporation automatically shall become and be a member of the corporation concurrently with his or her becoming a director, shall continue to be a member of the corporation for as long as he or she is a director, and automatically shall cease to be a member of the corporation concurrently with his or her ceasing to be a director of the corporation. Directors shall have voting ri hts onl as directors and shall have no vot s members. " 2 ARTICLE VII Personal Liability The members, directors and officers of the corporation shall not have personal liability for any debts or obligations of the corporation. ARTICLE VIII Pecuniary Gain: Inurement The corporation shall not, incidentally or otherwise, afford pecuniary gain to its members, as such. No part of the net earnings of the corporation shall inure, within the meaning of section 80l(c) (3) of the Code, to the benefit of any member, director, or officer of the corporation or any other private individual; provided, however, that nothing herein shall prohibit, among other things, the payment of reasonable compensation for services rendered to or for the corporation in the performance of its charitable purposes. ARTICLE IX Political Activity Not more than an insubstantial part of the activities of the corporation shall include carrying on propaganda or otherwise attempting to influence legislation, and the corporation shall not participate in, or intervene in (including the publishing or distributing of statements), any political campaign on behalf of, or in opposition to, any candidate for public office. ARTICLE X Receipts of Gifts, Requests, Etc. In furtherance and not in limitation of the powers conferred by law, the corporation may take, receive, and hold real and personal property, including the principal and interest of any money or other fund, that is given, conveyed, bequeathed, devised to, or otherwise vested in the corporation in trust for a purpose consistent with the purpose set forth in these Articles of Incorporation. Except where a trust instrument prescribes otherwise, the corporation may invest trust property or its proceeds in accordance with the laws of the state of Minnesota. ~ 3 ,- r ARTICLE XI Dissolution; Distribution of Assets ; Upon dissolution of the corporation, its property and assets shall be distributed in accordance with the laws of the State of Minnesota; provided, however, that after the payment of all liabilities and obligations of the corporation and all costs and expenses incurred by the corporation in connection with its dissolution, and subject to any condition or executory or special limitation requiring, by reason of dissolution of the corporation, the reversion, return, transfer, or conveyance of any property or assets held by the corporation, any and all remaining property and assets of the corporation shall be distributed exclusively for charitable purposes within the meaning of section 501(c) (3) of the Code, or to the Federal government or a state or local government for a public purpose, or to one or more other organizations that are organized and operated exclusively for charitable purposes within the meaning of section 801(c) (8) of the Code, all in such proportions as shall be determined (i) by the Board of Directors if dissolution of the corporation is not required by the laws of the State of Minnesota then in effect to be conducted under court supervision, or (ii) otherwise by a court of competent jurisdiction if such dissolution is subject to court supervision. In no event shall any member, director, or officer of the corporation, in any of such capacities, be entitled to any distribution of the property or assets of the corporation upon its dissolution. ARTICLE XII First Directors The number of directors constituting the first Board of Directors of the. corporation is five. The names and addresses of such directors are: Name Address Frank Rog 1589 Roselawn Avenue West Roseville, Minnesota 55113 Joanne Cushman 1166 Sherren Street West Roseville, Minnesota 55113 Vern Johnson 1707 Lydia Avenue Rosevil1e, Minnesota 55113 Al Kehr 988 West County Road D St. Paul, Minnesota 55126 Bob Matson 2774 De11wood Avenue Rosevi11e, Minnesota 55113 4 ,,' . '- The tenure of the first directors shall be until the annual meeting of the board of directors in the year 1988 and until their successors are elected and qualify, subject to their earlier disqualification, resignation, or removal. ARTICLE XIII INCORPORATOR The name and address of the incorporator is: Briggs and Morgan 2200 First National Bank Building St. Paul, Minnesota 55101 IN WITNESS WHEREOF, the undersigned hereunto has set his hand this 8th day of February, 1988. &- ) STATE OF MINNESOTA) ) SS COUNTY OF RAMSEY ) The foregoing instrument was acknowledged before me this 8th day of February, 1988, by '-rJ1a~-PD J,J. ~ Notary Public rHN.8~#'''#~~N-I}l###~''_*''1'''. i~ ..:;;;';i"';;~.. H;:"qnc, I I 01 ....Sr.N ~ ~ .";!f~. ".';. .. ..'~_ _...L_~:"'" I. _t: C .~ ')s :!.:-::~ ..!J,Z~:I:~ N01 .'-'.:-tV :-"l~;~jL!C :Jlt\j'\E..'';CT /}" 2 ~ \<~~;f'.~.J .6J~OK.~ COU~HY ; t ~..... My CcmmlS$lon EXPires Sepl !j. 1991 ; #""~"~"#~#'~#~''''~##,#,~ '-- tr BYLAWS .... OF ROSEVILLE LOCAL DEVELOPMENT CORPORATION ARTICLE I OFFICES; CORPORATE SEAL Section 1.1. Registered Office. The registered off ice of the corporation in the state of Minnesota shall be located in the city, town, or other community specified in the Articles of Incor- poration or any amendment or restatement thereof or in a certifi- cate of change of registered off ice filed with the Secretary of State of Minnesota. Section 1.2. Other Offices. The corporation may have such other offices, within or without the State of Minnesota, as the Board of Directors may from time to time determine. '- - Section 1.3. corporate seal. Seal. The corporation shall not have a ARTICLE II MEMBERS Section 2.1. Qualification; Number. The articles of incorporation provide that the directors of the corporation shall be the only members of the corporation. Accordingly, the qualifications of members shall be those of directors, and the number of members shall be limited to the number of persons who shall, from time to time, compromise the board of directors as provided in Section 3.2 hereof. Section 2.2. Property and Voting Rights. No member shall have any right, title, or interest in or to any of the property or assets of the corporation and, in accordance wi th the articles of incorporation, members shall have voting rights only as directors. Section 2.3. Meetings. Since the directors are the only members of the corporation and have voting rights only as directors and not as members, there shall be no meetings of the members as such. " .- ARTICLE III '- DIRECTORS Section 3.1. General Powers. The property, affairs and business of the corporation shall be managed by the Board of Direc- tors. Section 3.2 Number: Qual i(ication; Term of Office. The directors of the corporation shall consist of and shall be limited to those individuals who from time to time comprise the members of the City Council of the City of Rosev i lIe, Minnesota, elected or appointed in accordance with the charter of the City of Roseville, Minnesota. Each director shall hold off ice so long as he or she remains a member of the City Counsel of the City of Roseville, Minnesota, subject, however, to his or her rights to resign as a director of the corporation in ,accordance with Section 3.4 hereof. Section 3.3. Orga~izatioQ. The Board of Directors may elect from among its own number a chairman and a vice chairman. If so elected, the ChaIrman or, in his absence or on hIS failure or inability to act, the vice chairman (if one be elected) shall preside at all meetings of the Board and of the executive commit- tee, if one be constituted. Otherwise, the president of the corpo- ration shall so preside or, in his absence or on his failure or inability to act, such person as may be chosen by a majority of the directors present at any such meeting shall preside. The secretary of the corporation or, in his absence or on his inability or refus- al to act, any person who the presiding officer shall appoint, shall act as secretary of each meeting of the Board and the execu- tive committee, if one be constituted. Neither the chairman or the vice chairman, nor any person appointed to act as secretary of a particular meeting, shall be considered an officer of the corpora- tion unless otherwise elected as such in accordance with Article IV of these Bylaws. Section 3.4. ResignatioQ. A director may resign at any time by giving written notice to the president or to the secretary of the corporation. The resignation of a director shall take effect at the time specified therein, or, if no time is specified there- in, upon receipt by the off icer of the corporation to whom such written notice is given; unless otherwise specified therein, the acceptance of such resignation shall not be necessary to make it effective. .. Section 3.5. Annual Meeti~. An annual meeting of the Board 9f Directors shall be held for the purpose of electing the officels of the corporatIon and for the transactIon ot such other busIness as shaLL come ~e~o~e the meetlnq. Mulice of bUl.-h meetIng shall lJe given as provl e In Section 3.9 hereof. -- ~ Section 3.6. Regular Meetings. Regula r meetings of the Board of Directors may be held from time to time at such times as '- 2 ..- the Board may determine by total number of directors. given. .-= resolution adopted by a majority of the Notice of regular meetings need not be , .... Section 3.7. Special Meetings. Special meetings of the Board of Directors may be called at any time, for any purpose, by the chairman of the Board, if one be elected, or by the president of the corporation, and shall be called by the chairman or the president, as the case may be, at the written request of not less than three directors. A meeting called at the request of the directors shall be held not less than three days nor more than ten days after the chairman or the president receives the directors I written request that it be held. Should the chairman or the presi- dent fail, within one day after the date on which the director's written request is received, to call a special meeting by giving or causing to be given notice thereof, the directors requesting that the meeting be held may fix the time and place of the meeting and give notice thereof in the manner specified in Section 3.8 hereof. Section 3.8. Notice of ~eetings. Notice of every annual and every special meeting shall be mailed to each director, addressed to him -or her at his or her residence or usua.1 place of business, at least five days before the day on which the. meeting is to be held, or be delivered to him or her personally or by telephone, not later than one day before the day on which the meeting is to be held. Each such notice shall state the time and place of the meeting, but need not state the purposes thereof except as otherwise expressly required by the laws of the State of Minnesota or these Bylaws. Section 3.9. Place of Meetings. The Board of Directors may hold its meetings at such place or places, within or without the State of Minnesota, as it may from time to time determine. Section 3.]0. Quorum and Manner of Acting. Except as other- wise provided by the laws of the State of Minnesota or by these Bylaws, a majority of the total number of directors shall be re- quired to consti tute a quorum for the transaction of business at any meeting of the Board of Directors, and the act of a majority of the directors present at any meeting at which a quorum is present shall be the act of the Board. In the absence of a quorum, a majority of the directors present may adjourn any meeting from time to time until a quorum be had. Notice of any adj ourned meeting need not be given other than by announcement at the meeting at which adjournment is taken. . Section 3.11. Proxies. A director shall not appoint a proxy for himself or herself nor shall he or she vote by proxy. Section 3.12. Committees. The Board of Directors may ap- point an executive committee, which shall be comprised of three or more directors, and delegate to such commi ttee any of the powers and authority of the Board, except as otherwise prohibited by these '-- 3 Bylaws, the Articles of Incorporation, or the Laws of the State of Minnesota. The executive committee shall have power to act only in the intervals between meetings of the Board and shall at all times be subject to the control of the Board. The Board of Directors also may appoint standing and special committees for such purposes as shall be specified by the Board. Except as otherwise provided by the laws of the State of Minnesota or these Bylaws, the Board of Directors, or if the Board does not act, the committees, shall establish rules and regulations governing the manner in which the committee shall act. Notice of all meetings of any committee shall be given to all members of that committee. A majority of the members of any committee shall be required to constitute a quorum for the transaction of business at any meeting of the committee, and the act of a majority of the members present at any meeting at which a quorum is present shall be the act of the commi t tee. Commi ttees shall keep regular minutes of their proceedings and report the same to the Board .from time to time as the Board may require. Any committee comprised of persons, one or more of whom are not directors, shall act solely in an advisory capacity to the Board. Section 3.13. Electronic Meetings. A conference among di- rectors, or among members of any committee designated by the Board of Directors, by any means of communication through which the participants may simultaneously hear each other during the confer- ence consti tutes a meeting of the Board or the commi ttee if the same notice is given of the conference as would be required for a meeting and if the number of persons participating in the confer- ence would be sufficient to consti tute a quorum at a meeting. Participation in a meeting by that means constitutes presence in person at the meeting. A director may participate in any other meeting of the Board Or a committee designated by the Board by any means of communication through which the director, other persons so participating, and all persons physically present at the meeting may simultaneously hear each other during the meeting. Participa- tion in such a meeting by that means constitutes presence in person at the meeting. Section 3.14. Action Without a Meeting. Any action that could be taken at a meeting of the Board of Directors or the execu- tive committee, if one be constituted, may be taken without a meeting when authorized in a writing signed by all of the directors or all of the members of the executive committee, as the case may be. ARTICLE IV OFFICERS Section 4.1. Number. The officers of the corporation shall be a president, a secretary, a treasurer, and, if the Board of Directors shall so elect, one or more vice presidents and such '- 4 '- other officers as may be appointed by the Board. Any two or more offices, except those of president and vice president, may be held by the same person. Section 4.2. Election, Term of Office, and Qualifications. The officers shall be elected annually by the Board of Directors, and, except in the case of officers appointed in accordance with the provisions of Section 4.10 hereof, each shall hold office until the next annual election of off icers and until a successor is elected and qualifies, subject to the officer's earlier disquali- fication, resignation, or removal. The officers need not be direc- tors of the corporation. ~ Section 4.3. Resignations. Any officer may resign at any time by giving written notice of this resignation to the Board of Directors, the president, or the secretary of the corporation. Any such resignation shall take effec~ at the time specified therein, or, if no time is specified therein, upon receipt thereof by the Board of Directors, president, or secretary of the corporation; unless otherwise specified therein, the acceptance of such resigna- tion shall not be necessary to make it effective. Section 4.4. Removal. Any officer may be removed, either wi th or without cause, by a vote of the Board of Directors at a meeting called for that purpos~, which purpose shall be statea-Tn the notIce or waIver of notice of such meeting unless all t1fe airectors of the corporatIon shall be present thereat. '" Section 4.5. Vacancies. A vacancy in any office because of death, disqualification, resignation, removal, or any other cause shall be filled for the unexpired portion of the term in the manner prescribed in these Bylaws for election or appointment to such office. Section 4.6. pres ident shall be the chief executive officer all have eneral and ac lve management irs of the cor oration. If a 'c aIrman or vice chairman are not elected by the Board, the president, when present, shall preside at all meetings of the Board of Directors and of the executive committee, if one be constituted. The president shall see that all orders and resolutions of the Board of Directors are carr ied into effect. The president may execute and deliver in the name of the corporation (except in cases in which such execution and delivery shall be expressly delegated by the Board or these Bylaws to some other officer or agent of the corporation or shall be required by law to be otherwise executed and delivered) any deeds, mortgages, bonds, contracts, or other instruments pertaining to the business of the corporation. The president shall perform such other duties as may from time to time be prescribed by the Board of Directors, and, in general, shall perform all duties usually incident to the office of president. '- 5 ... Section 4.7. Vice President. Each vice president:, if any shall be elected jy the Board of Directors, shall have 3UC~ powers and shall perform such duties as may 02 s)eciiied in these Byla,.1s or prescribec1 6y the Board or jyche }resident. In the event of absence or disability of the president, the vice presidents shall succeed to the presidentls power and duties in the order designated by the Board of Directors. Section 4.8. Secretary. The secr'2tary of, and when present, ~hall recorJ ~roceedings the members of the cor:)oration, tile Boa- and the ex e c U l.. mrn t tee, i fan e 0 e con s tit ute d . 'r 11 e s e c rei... a r v s 11 all ~ t - keep a reg1~~er of he names and addresses of all meillbers of the corporation and shall at all times keep on file a complete c09Y 6f the Articles of Incorporation and all amendments and restatements thereof and a com?lete copy of these Bylaws and all anendments a:1d restatements hereof. The secretary shall ':3 ive, ;lhell directed to do so, i)loper notice of j;lcetings o.c d12 lael:l::Jer:3, ~he Bo.-Srd of Directors, and the executive com;aittee, if one ~e conscituted. The secretarv shall Jerfor;a such other duties ~s may fro~me to time De ?rescrijed -by the mer.10erS, the Board of Directors of by the president anJ, in general, shall )2rforD all duties incident to the office of secretary. Section 4.9. certain duties as Board of Directors. Corporaxion "d' Treasurer. The treasurer shall GerfOE.1 may fror:! ti:Tle to tLue j2 }rescribeo oy cne For qeneral purposes the Local Develop:Tl2nt '. ,....-!- out trea-' , r2sponsi0ilities. ~ Section 4.10. Other Officers. Agents and Employees. The cor?oration may l1avesuc11 other officers and agents as may 02 deeDed necessary or appropriate oy the Board of Directors, who shall je appointed in such manner, ~ave such duties, and hold their offices for such terms as may be determined by resolution of the Board of Directors. Section 4.11. ~. The Board of Directors shall from ti~2 to time deter:nine which, if any, officers of the corJoration shall be bonded and the amount of each bond, the expense of which shall be borne by the corporation. r v -\.... ..... ARTICLE V WAIVER OF NOTICE Section 5.1. Waiver of Notice. Whenever any notice whatso- ever is required to be given by the Articles of Incorporation, these Bylaws, or the laws of the State of Minnesota, such notice may be waived in writing, signed by the person or persons entitled to such notice, whether before, at, or after the time stated there- in or before, at, or after any meeting referred to therein. Section 5.2. Deemed Waiver. Appearance at any meeting by any person otherwise entitled to notice thereof shall be deemed a waiver of notice unless such appearance is solely for the purpose of asserting the illegality of the meeting. ARTICLE V FINANCIAL MATTERS Section 6.1. Books and Records. The Board of Directors of the corporation shall cause to be kept: (a) records of all proceedings of the Board of Directors, the executive committee, if one be constituted, and any other committees appointed by the Board; and (b) such other records and books of account as shall be necessary and appropriate to the conduct of the business of the corporation. Section 6.2. Documents Kept at Principal Office. The Board of Directors shall cause to be kept at the principal office of the corporation originals or copies of: (a) records of all proceedings of the Board of Directors, the executive committee, if one be constituted, and any other committees appointed by the Board; (b) all financial statements of the corporation; and (c) the Articles of Incorporation and Bylaws of the corporation and all amendments thereto and restatements thereof. Section 6.3. Accounting System; Audit. The Board of Direc- tors shall cause to be established and maintained, in accordance with generally accepted accounting principles applied on a consis- \.. 7 ..... tent basis, an appropriate accounting system for the corporation. The Board shall cause the records and books of account of the corporation to be audited at least once in each fiscal year and at such other times as it may deem necessary or appropriate and may retain such person or firm for such purposes as it may deem appro- priate. Section 6.4. Fiscal Year. The fiscal year of the corpora- tion shall be determined by the Board of Directors. Section 6.5. Checks, Drafts and Other Matters. All checks, drafts, or other orders for the payment of bonds, or other evidences of indebtedness issued in the this corporation shall be signed by such officer or officers, agent or agents, employee or employees of the corporation and in such manner as may from time to time be determined by resolution of the Board of Directors. ARTICLE VII INDEMNIFICATION Section 7.1. In General. Subject to Section 7.2 hereof, the corporation shall indemnify each person who is or was a director or officer of the corporation or a member of any committee appointed by the Board of Directors together with each person who is or was serving the corporation as an appointed representative to some other corporation or entity, for actions taken and decisions made by such persons on behalf of this corporation, to the full extent required by the laws of the State of Minnesota. The corporation may provide and maintain insurance on behalf of any person so indemnified. Section 7.2. Limitation on Indemnification. Indemnification pursuant to Section 7.1 hereof shall be for the sole and exclusive benefit of the persons expressly identified therein, and no other person, corporation or legal entity of whatever nature shall have any r.ights thereunder by way of voluntary or involuntary assign- ment, subrogation, or otherwise. ARTICLE VIII AMENDMENTS Section 8.1. Adoption by Board of Directors. for amendment of these Bylaws shall be as follows: The procedure (a) an amendment may be adopted at any meeting of the Board of Directors; '-- (b) notice of the meeting, stating the purpose and including therewi th a copy of the proposed amendment, shall be given to each director; and 8 .... (c) at such meeting or any adjournment thereof, the proposed amendment may be adopted by the affirmative vote of two-thirds of the directors present and entitled to vote. . '- 9 '- ROSEVILLE LOCAL DEVELOPMENT CORPORATION WAIVER OF NOTICE OF FIRST MEETING OF THE BOARD OF DIRECTORS The undersigned, constituting all of the first directors of Roseville Local Development Corporation, hereby waive notice of the time, place, and purpose of the first meeting of the Board of Directors of the corporation held at 11:45 p.m. on Februarv 8 1988, at 2660 Civic Center Drive, Roseville, Minnesota, and consent that any and all matters affecting the interests of the corporation may be considered and acted upon at the meeting. DATED: Q ~~/~ tey/; /4: {f ~ / /~J 1'/ J ~/ nI1IIP:?E 'J-?__ c:;7 "'- I I , / 1./ " . ! 1-1 ./ ,J. , '. ,/\ ~. .'// i / J -. ;.; / JU;;:;; % _;:;;::;:.r / .. " 3 County Commissioners Diane Ahrens John 1. Finley Ruby Hunt Duane W. McCarty Hal Norgard Donald E. Salverda Warren W. Schaber RAMSEY COUNlY Office of the Executive Director 286 Court House 15 W. Kellogg Blvd. Saint Paul, Minnesota 55102 (612) 298-5980 Terry Schutten, Executive Director August 13, 1991 Steven Sarkozy, City Manager City of Roseville 2660 Civic Center Drive Roseville, Minnesota 55113 Dear Steve, Six years ago, the U.S. Department of Housing and Urban Development, hereinafter referred to as HUD, determined that Ramsey County would be eligible to become an entitlement County and receive an annual allocation of Community Development Block Grant (CDBG) dollars in excess of one million dollars. This money would be to undertake housing and community development activities primarily benefiting the residents of suburban Ramsey County. Seventeen suburban communities have chosen to participate in the agreement process over the past six years, thus, ensuring that a guaranteed annual allocation would be earmarked for the County and those suburban municipalities which desire to actively participate in the program. This past week, HUD has once again notified us that we remain eligible to continue participation in this federal program. Our eligibility and actual dollar amount we receive is based upon the population accumulated through the number of jurisdictions which join with us. Our records show that in both 1985 and 1988, your community signed a cooperation agreement with the County to ensure our eligibility. We are again asking that you sign a new agreement at this time. In order to meet the HUD deadline, our office must have the signed agreement no later than October 10, 1991. The cooperation agreement which is enclosed is similar to the earlier agreements which you have signed. This year, there are two additional requirements which deal with excessive force and fair housing. These requirements may be found on page 8 of the agreement. For those communities with police departments, we already have copies of your excessive force policies in our files. The Fair Housing provisions reference the Federal Fair Housing Act of 1989. Paper August 13, 1991 Page Two Federal regulations opportunity to "opt directly with other We, of course, hope feel that the County an allocation for an also require that we advise you of your out" of the County's entitlement and compete cities in the state's small cities program. that you will not choose this route, as we program is your best opportunity of receiving eligible project. If, however, you do choose to "opt out", please be advised that you may not have an opportunity to participate with us for the next three years. "Opt out" notification must be made to both the County and the local HUD office no later than October 18, 1991. SIGNING A COOPERATION AGREEMENT DOES NOT REQUIRE THAT YOU ACTIVELY PARTICIPATE IN THE PROGRAM. IT DOES PROVIDE THE COUNTY WITH THE NEEDED POPULATION TO QUALIFY AND INFLUENCES OUR ANNUAL ALLOCATION. We are pleased with the active participation of several of our municipalities over the past six years. We would like to see more communities who believe they have an eligible project contact us about the possibility of funding. It is interesting to note that every community that has proposed a project that meets the HUD national objectives, can comply with all of the federal rules and regulations, and is prepared to proceed, has received an allocation for their project. In addition, several projects have been undertaken suburban-wide which benefit low and moderate income persons in your individual communities. In summary, we ask that you return the enclosed cooperation agreements to us no later than October 10, 1991. Either a Council resolution or a statement from your legal counsel indicating the authority for the signatories to enter into the agreement should accompany it. We will return a fully executed copy to you. Should you have any questions, or need assistance, please contact Judy Karon, Director of Community and Economic Development, at 292-6461. She will be happy to assist you. Sincerely, ~~~ -- Terry SChutt~~ Ramsey County Executive Director TS/gb Enclosure cc: Commissioner Salverda '" RESOLUTION CONCERNING JOINT COOPERATIVE AGREEMENT RAMSEY COUNTY COMMUNITY DEVELOPMENT BLOCK GRANTS * * * * * Pursuant to due call and notice thereof, a meeting of the city Council of the City of Roseville, County of Ramsey, Minnesota was duly held on the 14th day of October, 1991 at 7:30 P.M. The following members were present: Thomas, Johnson, Cushman, Maschka, and Rog, and the following were absent: None. Member Thomas adopted. moved that the following resolution be RESOLUTION NO. 8715 WHEREAS, Ramsey County has become an entitlement County for block grants; and WHEREAS, the city has agreed to participate in the program, in 1985 and 1988; and WHEREAS, Roseville had benefitted from this particular program; and WHEREAS, it is more reasonable that the Ramsey County area suburbs compete between themselves as compared to various communities on a statewide basis. NOW THEREFORE, be it resolved that the City of Roseville supports the Ramsey County community Development Program; and BE IT FURTHER RESOLVED, the City Council authorizes entering into the joint cooperative agreement. ... Resolution No. 8715 Page 2 The motion for the adoption of the foregoing resolution was duly seconded by Member Johnson , and upon a vote being taken thereon, the following voted in favor thereof: Thomas, Johnson, Cushman, Maschka, and Rog, and the following voted against the same: None. WHEREUPON said resolution was declared duly passed and adopted. STATE OF MINNESOTA) ) SS COUNTY OF RAMSEY ) I, the undersigned, being the duly qualified City Manager of the City of Roseville, County of Ramsey, State of Minnesota, do hereby certify that I have carefully compared the attached and foregoing extract of minutes of a regular meeting of said City Council held on the 14th day of October, 1991, with the original thereof on file in my office. WITNESS MY HAND officially as such Manager this 15th 1991. day of October , " "", \ <: 'J ' I ~ ( ) ;J: ',~) , , , , st~ger " ) : ( \ ~, " \ / ~SE~L, I J ! \\, .' j ) " " )', II -)"" ) . , " .' \ II \ /)rl~\'\ ) \ " 0 0 Uj " CO -:t ,..... <I)- 0 0 0 0 0 ~ 0 0 0 0 0 Uj 0 0 0 0 " " " ... ... 0 C""l 0 N \,0 ,..... ~ .-l 0 C""l .-l CO N .-l N .-l <I)- <I)- <I)- <I)- <I)- .-l ell .... 0 .... ~ ..0 ::l ...:l tI:l ~ 5 tI:l 0 lXl 0 "'0 Z 0'1 OJ OJ OJ t5 H 0'1 :> 'r-i 5 :>. Ul .-l 'r-i 4-4 0 .... :>. l-I Ul 0 ~ 4-4 .r-i C) C .... 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Paul November 7, 1991 Mr. Craig Waldron Director of Community Development City of Roseville 2660 Civic Center Drive Roseville, Minnesota 55113 Re: Satisfaction of Mortgage of Villa Park Project Our File No. 1011-19 Dear Craig: Enclosed is original mortgage document dealing with the loan to Ruth M. Ottoson by the Roseville Local Development Corporation, which apparently has been paid in full, and Nick Ensrude's note requesting the preparatiQn of the satisfaction. The Development Corporation should be convened and a resolution should be adopted authorizing the Chairman and the Secretary of the Development Corporation to execute the satisfaction. It should then be returned to me for filing. If you have any questions, please call me. JENSEN RAJ/eld Encl. M- ;~'5.~gft~'S, 8 EXTRACT OF MINUTES OF MEETING OF THE CITY COUNCIL OF THE CITY OF ROSEVILLE * * * * * * * * * * * Pursuant to due call and notice thereof, a regular meeting of the Roseville Local Development Corporation, County of Ramsey, Minnesota was duly held on the 12th day of November, 1991, at 7:55 p.m. The following members were present: Cushman, Thomas, Johnson, Maschka, and Rog, and the following were absent: None. Member Johnson introduced the following resolution and moved its adoption: RESOLUTION NO. 7 MRS. RUTH M. OTTOSON SATISFACTION OF MORTGAGE WHEREAS, The Roseville Local Development Corporation loaned $20,000 to Ruth M. Ottoson as part of its Villa Park C.D.B.G. Program; and WHEREAS, Ruth Ottoson has now paid back the total amount of the loan; and WHEREAS, The Local Development Corporation should execute a satisfac- tion of Mortgage confirming this repayment; NOW, THEREFORE, BE IT RESOLVED, that the Roseville Local Development Corporation is authorized to execute a satisfaction of Mortgage docu- ment for Ruth M. Ottoson. The motion for the adoption of the foregoing resolution was duly seconded by Member Thomas, and upon a vote being taken thereon, the following voted in favor thereof: Cushman, Thomas, Johnson, Maschka, and Rog, and the following voted against the same: None. WHEREUPON said resolution was declared duly passed and adopted. ~-OaJt,)L ) /J~ nne, Cushman, Secretary cL6cal Development Corporation EXTRACT OF MINUTES OF MEETING OF THE CITY COUNCIL OF THE CITY OF ROSEVILLE * * * * * * * * * * * Pursuant to due call and notice thereof, a regular meeting of the Roseville Local Development Corporation, County of Ramsey, Minnesota was duly held on the 12th day of November, 1991, at 7:55 p.m. The following members were present: Cushman, Thomas, Johnson, Maschka, and Rog, and the following were absent: None. Member Johnson introduced the following resolution and moved its adoption: RESOLUTION NO. 7 MRS. RUTH M. OTTOSON SATISFACTION OF MORTGAGE WHEREAS, The Roseville Local Development corporation loaned $20,000 to Ruth M. Ottoson as part of its Villa Park C.D.B.G. Program; and WHEREAS, Ruth Ottoson has now paid back the total amount of the loan; and WHEREAS, The Local Development Corporation should execute a Satisfac- tion of Mortgage confirming this repayment; NOW, THEREFORE, BE IT RESOLVED, that the Roseville Local Development Corporation is authorized to execute a satisfaction of Mortgage docu- ment for Ruth M. Ottoson. The motion for the adoption of the foregoing resolution was duly seconded by Member Thomas, and upon a vote being taken thereon, the following voted in favor thereof: Cushman, Thomas, Johnson, Maschka, and Rog, and the following voted against the same: None. WHEREUPON said resolution was declared duly and adopted. /~9 nne, Cushman, secretary, ..... Local Development Corporatlon REQUEST FOR DATE: 11-12-91 LOCAL DEVELOPMENT CORPORATION ACTION ITEM NO.: Department Approval: 0\1( '~ ~ Manager Reviewed: Agenda section: Resolution Item Description: Local Development Corporation Resolution: Mrs. Ruth Ottoson satisfaction of Mortgage. Backqround: 1. The City Council should adjourn and meet as the Local Development Corporation after the formal Council session. 2. As part of the Villa Park C.D.B.G. project, Ruth Ottoson was loaned $20,000 for a purchase of a condominium. 3. That loan has now been properly repaid and the Local Development Corporation needs to execute a Satisfaction of Mortgage document. Staff Recommendation: 1. The mortgage has been properly paid and staff recommends execution of the aforementioned document. Council Action Requested: 1. Motion to approve resolution to execute Satisfaction of Mortgage document for Ruth Ottoson at the Villa Park project. REQUEST FOR COUNCIL ACTION DATE: 10-14-91 ITEM NO. : Manager Reviewed: ~cz1 Agenda section: Hearings cription: Resolution: Joint cooperative agreement for Ramsey County Community Development Block Grants. Background: 1. six years ago, HUD determined that Ramsey County would be eligible to become an entitlement County and thus receive an annual allocation of C.D.B.G funds. 2. Through the utilization of this approach, ,the Ramsey County suburbs compete within themselves, not on a State wide basis. 3 . Roseville has chosen to participate in thi1 project, and benefitted from the program in a significant manner. City has continued to participate in the program agreements were signed in both 1985 and 1986. has The as 4. A list of the Roseville projects, as well as a resolution is submitted for your perusal. Alternatives: 1. The City could opt out of the program and compete on a State wide basis for community Development Block Grant funds. Financial Implications: 1. The Block Grant program has provided assistance for projects in the city that would not have moved forward without block grant assistance. Staff Recommendation: 1. It is recommended that Roseville continue to participate in the Ramsey County Block Grant system and thus, the resolution should be approved. Council Action Requested: 1. Motion to approve Resolution: Joint cooperative agreement for Ramsey County Community Development Block Grants. 0 0 ~ .. CO -:t ,..... {/} 0 0 0 0 0 ~ 0 0 0 0 0 ~ 0 0 0 0 .. .. .. .. .. 0 ("l'1 0 N \.t:) ,..... ~ ...-l 0 ("l'1 .-t CO N ...-l N ...-l {/} {/} {/} {/} {/} M ~ ... 0 ... ~ ..c ::l ....:I tI) ~ 5 tI) aa 0 "0 Z 0'1 Cl} Cl} Cl} t3 H 0'1 :> .~ e; :>. Ul ...-l .~ ~ 0 ... :>. l-l Ul 0 ~ ~ .~ () =... 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Z :>. -I-' -I-' ::l > 5 cO c::: Q) cO cO 0 cO 0 0""; :>. OJ :>. UJ r-i r-i U ::t: C) -I-' 5 -I-' 5 ::l ::l Q) 0 c::: OJ c::: cO 0.. 0.. 14"0 UJ U) ::l > ::l p:: 0 0 Q) cO ~ 0 0 0 0.. 0.. ..c::: 5 c::: c::: U 14 U r-i -I-' -I-' Q) cO 0.. ::l UJ UJ c::: 0 c::: 14 14 :>. 5 :>. cO Q) Q) "0 Q) Q) H Q) ,:l., Q) Q) 5 r-i Q) r-i ..c::: UJ UJ r-i r-i Q) cO..c 0""; -I-' 5 C) 5 r-i r-i UJ 14 ..c::: ::l cO 0""; cO -I-' '''''; 0""; 14 !I Q) Q) U .....:l p:: r-i p:: U) > > ::l > > ..0 Q) Q)..c Q) cO ;::l UJ UJ UJ U)..c::: ,:l., 0 o 0""; p:: p::"O REQUEST FOR ROSEVILLE LOCAL DEVELOPMENT CORPORATION ACTION DATE: 9-10-90 ITEM NO. : Department APp~val: (!/~jjA!) Item DescriJ~on: Manager Reviewed: Agenda section: Roseville Local Development Corp. Authorization to enter into three agreements relating to the community Development Block Grant for moderate priced single family homes. If the Local Development corporation will recall, it had approved the submission of a Community Development Block Grant, to assist with the construction of six single family homes at Old Highway 8. In order to move forward with this project, the City needs to authorize entering into three agreements. 1. Aqreement between Ramsev County and the Roseville Local Development Corporation The standard agreement between the Local Development Corporation and Ramsey County needs to be signed. This agreement regulates the relationship between Ramsey County and the Roseville Local Development Corporation. This is virtually the "boiler plate" agreement that has been utilized for the Villa Park, Lincoln, and P.A.Y.E.R, programs. Mr. Bell has reviewed this application and has approved its signature (copy not attached due to length). 2. Purchase Agreement Relating to the Rosewood Knoll Property The Local Development Corporation must first purchase the property from Argo Construction that would then be transferred to Advanced Design. This agreement relates to potential defaults, existing litigation, hazardous substance, local ordinance violations, etc. (copy not attached due to length). 3. Development Contract with Advanced Design (copy attached) This agreement conveys the land purchase from Arco to Advanced Design. The agreement indemnifies the City in terms of hazardous waste considerations and requires the developer to construct the homes on the site. In addition, a letter of credit is required to ensure that the outlot with the petroleum contamination is properly cleaned and the building is indeed constructed on Lot 4. It should also be pointed out that the development corporation will also be loaning $30,000 to facilitate the purchase of one of the outlots. (The development corporation will not be in the chain of title on the lot). This short term loan from the existing economic development fund (bond fees), will also be secured by a letter of credit. Briggs and Morgan has reviewed agreements 2 and 3 and does recommend moving forward with them. A representative from Briggs and Morgan will be at the meeting to discuss the specifics relating to these agreements. COUNCIL ACTION REQUESTED: Motion to approve authorization to enter into the following three agreements: 1) Agreement between Ramsey County and the Roseville Local Development Corporation; 2) Purchase Agreement Relating to the Rosewood Knoll Property; and 3) Development Contract with Advanced Design. Jr' .w council ( t,tlE: C RoseV ie, hea on __........"", ~_.,.______--""",___~,__.__~_~Wff'~..._-_..-...-_.-.. p.m, c 1 .1./ 660 C ! relat ion. an os o VI 1 f e () proj t:he a 9. 2 r o . 0 r~ \ .. 06 7' (~jnl-) d S r"i tLFL8.,CUJ.I_ LAW OFFICES BRIGGS AND ~10RGAN PROFESSIONAL ASSOCIATION 2200 FIRST NATIONAL BANK BUILDING SAINT PAUL, MINNESOTA 55101 TELEPHONE 1(12) 291-1215 TELECOPIER (612) 222 -4071 INCLUDING THE FORMER FIRM OF LEVITT, PALMER, BOWEN, ROTMAN & SHARE July 18, 1990 Mr. Craig Waldron Economic Development Director City Hall 2660 civic Center Drive Roseville, Minnesota 55113 Re: Tax Increment Financing Inquiries Dear Craig: You have asked the question whether tax increments derived from the Housing Alliance elderly housing project (Villa Park) can be used to finance a pedestrian walkway around the Villa Park Housing project. A pedestrian walkway that would be used by residents of Villa Park and other City residents would be a capital cost financeable under the tax increment financing law. If the modified budget for Tax Increment District No. 3 provides for public improvements in an amount sufficient to finance those public improvements previously constructed and this pedestrian walkway, it will not be necessary to amend the Tax Increment Financing Plan. If the budget is not large enough or does not identify public improvements as a financeable public cost, then it will be necessary to amend the Tax Increment Financing Plan. You have asked the question whether the City can loan or grant tax increments to owners of substandard homes within Development District No. 1 for rehabilitation and upgrading of homes to remove blighting conditions. The City established Development District No. 1 pursuant to provisions of Minnesota statutes, sections 469.124 through 469.134. The provisions of those statutory sections do not contemplate such a program. However, we think there is a way to structure this so that tax increments can be loaned or granted for such purposes. The City, pursuant to the provisions of Minnesota Statutes, Section 2270 HN WORLD TRADE CENTER SAINT PAUL, MINNESOTA 1313101 1m2 I 291 - 1215 2200 FIRST NATIONAL DA....'lK BUILDING SAINT PAUL, MINNESOTA 55101 (0I8) 201 . 1:.2.113 2400 IDS CENTER MINNF..APOIJS, MINNESOTA 55402 iel21 339.0001 BRIGGS AND MORGAN Mr. Craig Waldron July 18, 1990 Page 2 469.082, may exercise all of the powers of a port authority provided by Minnesota statutes, sections 469.04~ to 469.068. Pursuant to the powers granted in Minnesota statutes 469.059, Subdivision 15, it may exercise powers and duties of a housing and redevelopment authority under Minnesota Statutes, section 469.001 to 469.047. Under these statutory sections a housing and redevelopment authority may undertake housing projects, redevelopment projects and housing development projects. In adgition, under the provisions of Minnesota Statutes, section 469.041, housing and redevelopment authorities have the power to make loans or contributions for redevelopment projects. This language would allow the City, under its port authority and housing and redevelopment powers, to loan or grant tax increments for the purpose of rehabilitating houses as part of a redevelopment project. Procedurally, the City would hold a public hearing and create a redevelopment project area, the boundaries of which would be coterminous with the boundaries of the Development District, and would adopt a Redevelopment Plan for the purposes of outlining its redevelopment goals with respect to the redevelopment project area. These goals would include the loan or grant of tax increment proceeds to the owners of the substandard homes for rehabilitation purposes. You have also asked the question whether the City could loan or grant tax increments to NCR Corporation to finance the cost of a portion of the expenses incurred in NCR's rehabilitiating its existing facility in Roseville for manufacturing or other uses. We would use the same analysis and procedures set forth in the above discussion on the loan or grant of tax increments to homeowners for rehabilitation purposes. Please let me know whether the City intends to pursue these projects because it will be necessary to prepare a redevelopment plan and resolutions establishing the redevelopment project area and adopting the redevelopment plan. Very truly yours, h1fLA.t;t <1 4~ Mary L. Ippel MLI:ct