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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 />i-evenues available for the operation of the State Program (ti�om all sources) by the <br />Counterparty will equal or exceed expenses for such operation for each succeedin� fiscal <br />year, and (iii) a mechanism under which the Public Entity will annually determine that the <br />Counterparty is usin� the portion of the Real Property and, if applicable, Facility that is the <br />subject of the Use Contract to operate the State Program. <br />E. It must allo�v for termination by the Public Entity in the event of a default <br />thereunder by the Counterparty, or in the event that the Sta�e Pro�ram is terminated or <br />chan�ed in a manner that precludes the operation of such pro�ram in the portion of the Real <br />Property and, if applicable, Facility that is the subject of the Use Contract. <br />F. It must terminate upon the termination of the statutory authoriry under �vhich <br />the Public Entity is operatin� the State Pro�ram. <br />G. It must requu•e the Counterparty to pay all costs of operation and maintenance <br />of that portion of the Real Property and, if applicable, Faciiity that i; the subject of the Use <br />Contract, unless the Public Entity is authorized by la�� to pay sucl� costs and a�rees to pay <br />such costs. <br />H. If the Public Entity pays monies to a Countetparty uncl�r a Use Contract, such <br />Use Contract must meet the requirements of Rev. Proc. 97-13, 1997- I CB 632, so that such <br />Use Contract does not result in "private business use" undee Section 141(b) ofthe Code. <br />L It must be appro��ed, in �vritin�, by the Commissioner of tiItiIB, and any Use <br />Contract that is not approved, in �vritin�7, by the Commissioner of ��I��1B shall be null and <br />void and of no force or ztf�ct. <br />J. It must cor.t�in a pro��ision requirin�r that zaci� and eti ��iti party� thereto sha11, <br />upon di�ection by the Commissioner � of ��I�'IB, take such act:ons and fuinish such <br />documents to the Commissioner of M��IB as the Commissioner of ��IYIB determines to be <br />necessary to ensure that the interest to be paid on the G.O. Bonds is exempt from federal <br />income taxation. <br />K. It must contain a provision that prohibits the Countzi-party from cteatin� or <br />allowina, without the prior written consent oF the State Entity and the Commissioner of <br />MMB, any voluntary Iien or encumbrance or involuntary lien or encumbrance that can be <br />satisfied by the payment of monies and which is not bein� actively contested a�ainst the <br />Real Property or, if applicable, Facility, the Public Entity's o�vnership interest in the Reat <br />Property or, if applicable, Facility, or the Counterparty's interest in the Use Contract, <br />whether such lien or encumbrance is superior or subordinate to the Declaration. Provided, <br />however, the State Entity and the Commissioner of MVIB tivill consent, in writing, to any <br />such lien or encumbrance that secures the repayment of a Ioan the repayment of which will <br />not impair or burden the funds needed to operate the portion of the Real Property and, if <br />applicable, Faciliry that is the subject of the Use Contract in the manner speciiied in <br />Section 2.04 and for which the entire amount is used (i) to acquire additional real estate <br />that is needed to so operate the Real Property and, if applicable, Facility in accordance �vith <br />Generic GO Bond Proceeds 17 <br />Gr1nt A�zreement for ProUram Encl Grants <br />Ver — 6/30r I � <br />
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