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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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[tem 8h: Attachment <br />10. It must allow for a transfer thereof in the event that the lessee under the <br />Real Property/Lease or grantee under the easement makes the necessary determination <br />to sell its interest therein, and allow such interest to be transferred to the purchaser of <br />such interest. <br />11. It must contain a provision that prohibits and prevents the sale of the <br />underlyin� fee interest in the Real Properry and, if applicable, Facility without first <br />obtainin� the written consent of the Commissioner of M�IB. <br />12 The Public Entity must be the lessee under the Real Property/Lease or <br />grantee under the easement. <br />B. The provisions contained in this Section are not intended to and shall not <br />prevent the Public Entity from includin� additional provisi�ns in the Real Property/Facility <br />Lease or easement that are not inconsistent tivith or contraiy to the requirements contained <br />in this Section. <br />C. The eYpiration of the term of a Real Property.!Facility Lease or easement shall <br />not be an event that requires the Public Entity to reimburs�; the State Entity for any portion <br />of the Program Grant, and upon such eYpiration the Public Entity�'s ow�necship interest in <br />the Real Property and, if applicablz, Facility shall no lon�er be subject to this A�reement. <br />D. The Public Entity shall fu11y and completely comply �,vith all of the terms, <br />conditions and provisions contained in a Real Property''Facility Lease or easement, and <br />sha11 obtain and file, in the Ofiice of the County Recorder or the Re;istrar of Titles, <br />�vhichever is applicable, the Rzal Property!Facility Lease or eas�i�lent or a short form or <br />memorandum thereof. <br />Section 2.07 E��ent(s) of Default. The follo���in� evznts shall, �inless �ti-aived in writin� <br />by the State Entity and the Commissioner of �VIVIB, constitute an E�:.nt of Default under this <br />A�reement upon either the State Entity or the Cominissioner of V[NIB �i�in� the Public Entiry 30 <br />days written notice of such event and the Public Entity's fai(ure to cure such event durin� such <br />30 day time period for those Events of Default that can be cured �vithin 30 days or within <br />whatever time period is needed to cure those Events of Detault that cannot be cured �vithin 30 <br />days as lon� as the Public Entity is usin� its best efforts to cure and is making reasonable <br />pro�ress in�curin� such Events of Default, ho�vever, in no e�ent shall the time period to cure any <br />Event of Default exceed 6 months unless otherwise consented to, in �vriting, by the State Entity <br />and the Commissioner of MNIB. <br />A. If any representation, covenant, or warranty made by the Public Entity in this <br />A�reement, in any other document furnished pursuant to this A�reement, or in order to <br />induce the State Entity to disburse any of the Program Grant, shall prove to have been <br />untrue or incorrect in any material respect or materially misleadind as of the time such <br />representation, covenant, or warranry was made. <br />Generic Ci0 Bond Proceed� 13 Ver— 6l30i l� <br />Grant -��>reement For Pro��ram End Grants <br />
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