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GRANT THIS I 1991., ;is made of of a. }, and the of the State of (hereinafter the "'RTB"'). WIT N E SSE T H~ W'rlEREAS, the RTB approved a qrant in the amount of FoUl:' Hundred Thousand Dollars ($400,OOO) to the City for a public transit hub at the Rosedalli!Shopping Center and sufficient parking for park and rideactivitias (the NTransit Hub Improvements") adjacent to the transit hub; and WHEREAS, the City and RTB have undertaken planning for the Transit Hub Improvements; and WHEREAS, 'the conditions of the grant of the funds for i establishment of the Transit Hub Improvements require the City to provide an agreement assuring that the Transit Improvements will be constructed and available for public use; and WHEREAS, it is the intention of the parties that this Agreement be executed describi:n.,gthe parties' respective rights and responsibilities. NOW, THEREFORE, the R'l'B and the City agree as follows: ARTICLE 1. RTB GRANT AND ENFORCEMENT OF TRAllSIT STATION AGREEMENT ) 1.1) RTB Grant - THE RTB agrees that it shall provide from the proceeds of the sale of bonds by the Metropolitan Council a grant of funds in the amount of Four Hundred Thousand Dollars ($400,OOO) (the HGrant-) to the City for the construction of the Transit Hub Improvements described in Exhibit A as approved by the RTB to be located at Rosedale Shopping Center (WRosedaleNj. This grant of funds is conditioned upon compliance with the terms and conditions of this Agreement, provided, in the event the bond proceeds are insufficient to fund the Grant, RTB shall fund the construction of the Transit Hub Improvements to the extent"of such bond proceeds.