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Res_11365
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Last modified
12/8/2016 10:19:44 AM
Creation date
10/5/2016 3:55:54 PM
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Roseville City Council
Document Type
Council Resolutions
Meeting Date
9/26/2016
Meeting Type
Regular
Resolution #
11365
Resolution Title
Approval of Grant Agreement Between Metropolitan Council and the City of Roseville for Grant Eligible Work
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Item 8h: Attachment <br />situated thereon (the "Facility") will cause the Public Entity's o�vnership interest in all of such <br />real property and structures to become "state bond financed prope�-ty", as such term is used in <br />Minn. Stat. § 16A.695 (the "G.O. Compliance Le�islation") and in that certain `'Fourth Order <br />Amendin� Order of the Commissioner of Finance Relatin� to Use and Sale of State Bond <br />Financed Property' eYecuted by the Commissioner of Minnesota Mana�ement and Budget and <br />dated July 30, 2012, as amended (the "Commissioner's Order"), even thou�h such funds may <br />only be a portion of the funds bein� used to acquire such o�vnership interest and/or improve such <br />real property and structures and that such funds may be used to only acquire such ownership <br />interest andior improve a part of such real property and structures. <br />H. The Public Entity and the State Entity desire to set forth herein the provisions relatin; <br />to the granting and disbursement of the proceeds of the Pro�ram Grant to the Public Entiry and <br />the operation of the Real Property and, if applicable, Facility. <br />IN CONSIDERATION of the �rant described and other provisions in this A�reement, the <br />parties to this A�•eement a�ree as follo�vs. <br />Article I <br />DEFINITIONS <br />Section 1.01 Defined Terms. As used in this A�-eement, the followin� terms shall have <br />the meanin�s set out respectively after each such term (the meanin�s to be equally applicable to <br />both the singular and plural forms of the terms defined), unlass the context specifically indicates <br />otherwise: <br />"Aareement" - means this General ObliQation Bond Proceeds Grant AQreement - End <br />Grant for the « 1» Project under the «2» � Pro�ram, <br />as such eYists on its ori�inal date and any amendments, moditications or restatements <br />thereo f. <br />"Approved Debt" — means public or private debt of the Public Entity that is consented <br />to and approved, in writin;, by the Commissioner of NI�VIB, the proceeds of �vhich were or <br />will used to acquire an ownership interest in or improve the Real Property and, if <br />applicable, Facility, other than the debt on the G.O. Bonds. Approved Debt includes, but is <br />not limited to, all debt delineated in Attachment III to this A�reement; provided, however, <br />the Commissioner of M�1B is not bound by any amounts delineated in such attachment <br />unless he/she has consented, in writin�, to such amounts. <br />"Code" - means the Internal Revenue Code of 1986, as amended from time to time, <br />and all treasury re�ulations, revenue procedures and revenue rulin;s issued pursuant <br />thereto. <br />'`Coinmissioner of 1VIMB" - means the commissioner of Vlinnesota Mana�ement and <br />Bud�et, and any designated representatives thereof. <br />Generic GO Bond Proceeds Z Ver— 6i30/l� <br />Grant Aareement for Proaram End Grants <br />
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