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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 />reference to this ter�n in tlzis Agree��nent shczll be ianoy-ed ancl treaterl as if the referc.nce di�l <br />r2ot esist. � � <br />'`Initial Acquisition and Betterment Costs" — means the cost to acquire the Public <br />Entity's o�i-necship interest in the Real Property and, if applicable, Facility if the Public <br />Entity does not already possess the required o�vnership interest, and the costs of betterments <br />of the Real Property and, if applicable, Facility; provided, however, the Commissioner of <br />vIMB is not bound by any specific amount of such alle�ed costs unless he/she has <br />consented, in writin;, to such amount. <br />"Leased/Easement Premises" - means the real estate and structures, if any, that are <br />leased to the Public Entity under a Real Property/Facility Lease or granted to the Public <br />Entity under an easement. Tlais clefinition is onlv neecled and only czpplies � if the P��blie <br />Entity's oticnership interest i�t the Re�al P�opertv, the Fciciliry, if applicable, or botla, is by <br />i�'av of a leaseholcl inte�est i�nder a Recal Properh�/Facility Lec�se or by ticay of an easement. <br />FoN all other eireumstanees this cfeftnition is not neecled and shotrlcl be i;nored ancl treated <br />as iiit titi�ere left blank ancl anv reference to this term in this Aar�eement shall be i�norecl <br />�znd treatecl c�s if the re erenee clid not exist. <br />`�Lessor/Grantor" — means the fee owner/lessor or grantor of the Leased/Easement <br />Premises. This �lefinition is onlv neecled ancl onlv clpplies if the P��blie Entity's oticnership <br />inte��est in the Real Properry, the Facilitv, if capplicable, oY both, is bv ticcry of a leaselaol�l <br />interest un��eY a Real PNoperty/Fc�eilitv Leczse or by ti��ay of an ec�senaent. For- all other <br />eiy�etrmstctnees this clefinition is noi needed c�n�l shotrlcl be i�nored cznd treatecl c�s if it ticeYe <br />left blctnk, crncl canv referei�zce t� tlais te�•m in this �1�r•eement cliall fie igraorecl rincl treated a� <br />af tlre re erence clid not exist. <br />'`O�itstandin� Balance of the ProQram Granf' — means the portion of the ProQram <br />Grant that has been disburseci to or on behalf of the Public Entity minus any portion thereof <br />previously paid back to the Commissioner of M�IB. <br />"Ownership Value", if any — means the value, if any, of the Public Entit�'s ownership <br />interest in the Real Property and, if applicable, Facility that existed concurrent with the <br />Public Entity's e�cecution of this Agreement. Such value shall be established by �vay of an <br />appraisal or by such other manner as may be acceptable to the State Entity and the <br />Commissioner of MMB. The parties hereto agree and ackno�vledge that such value is � <br />or Not Applicable; provided, however, the Commissioner of MMB <br />is not bound by any inserted dollar amount unless heishe has consented, in writing, to such <br />amount. If no do(lar amount is inserted and the blank '`Not Applicable" is not checked, a <br />rebuttable presumption that the Ownership Value is �0.00 shall be created. (The blctnk <br />"?�'ot Appliccrble " sho�alcl onlv be selected and checked tichen a portion of the fi�nds <br />delinecatecl in Attachment III �attachecl hereto are to be t�secl to acqa�ire the Public Entitv's <br />oticnership interest in the Reczl Py-operry c�nd, if applicable, Facility, ctnc� in such event the <br />value of such oticnership interest shoulc� be shotivn in Attaehment III czncl not in tlais <br />definition for Otivnership G'alue). <br />Generic GO Bond Proceeds 4 Ver— 6/30i t� <br />Grant Agreement for Pro�ram End Gran[s <br />
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