Res_11365 - Laserfiche WebLink

Home

[tem 8h: Attachment the requirements imposed under Section 2.04 and will be included in and as part of the Public Entity's o�vnership interest in the Real Property and, if applicable, Faciliry, and/or (ii) to pay for capital improvements that are needed to so operate the Real Property and, if applicable, Facility in accordance with the requirements imposed under Section 2.04. L. If the amount of the Pro�ram Grant erceeds �200,000.00, then it must contain a provision requirin; the Counterparty to list any vacant or new positions it may have with state �vorkforce centers as required by Minn. Stat. § 116L.66, as it may be amended, modified ot• replaced from time to time, for the term of the Use Contract. M. It must contain a provision that clearly states that the Public Entity is not required to renew the Use Contract beyond the ori�inal term thereof and that the Public Entity may, at its sole option and discretion, allow the Use Contract to expire at the end of its ori�inal term and thereafter directly operate the governmental pro�ram in the Real Properry and, if applicable, Faciliry or contract with some other entity to operate the governmzntal pro�ram in the Real Property and, if applicable, Facility. Section 3.02 Initial Term and Renewal. The initial teim for a Use Contract may not exceed the lesser of (i) 50% of the Useful Life of the Real Property and, if applicable, Facility for the portion of the Real Property and, if applicable, Facility that is the subject of the Use Contract, or (ii) the shortest term of the Public Entity's o�vnership interest in the Real Property and, if applicable, Facility. � Use Contract may allo�v for rene��a1s beyond its initial term on the conditions that (a) the term of any renewal may not e�ceed the initial tzrm, (b) the Public Entity must make a determination that rene�val ��°ill continue to carry out the State Pro�ram and that the Countarparry i� suited and able to perform the fiinctions contained in Use Contract that is to bz renewed, (c) the Use Contract may� not include any provisions that �vould require, either directly or inclirectly, the Public Entity to either make the determination refzrred to in this Section or to rene�v the Use Contract with the Counterparty after the expiration of the initial term or any renewal term, and (d) no such renetival may occur prior to the date that is 6 months prior to the date on �vhich the Use Contract is scheduled to terminate. Provided, ho�vever, notwithstandin� anythin; to the contrary contained hecein the PubLic Entity's voluntary a�reement to reimburse the Counterparty for any investment that the Counterparty provided for the acquisition or betterment of the Real Property and, if applicable, Facility that is the subject oF the Use Gontract if the Public Entity does not rene�v a Use Contract if requested by the Counterparty is not deemed to be a provision that directly or indirectly requires the Public Entity to renew such Use Contract. Section 3.03 Reimbursement of Counterparty�. A Use Contract may but need not contain, at the sole option and discretion of the Public Entity, a provision that requires the Public Entity to reimburse the Counterparty for any investment that the Counterparty provided for the acquisition or betterment of the Real Property and, if applicable, Facility that is the subject of the Use Contract if the Public Entity does not renew a Use Contract if reQuested by the Counterparty. If a�reed to by the Public Entity, such reimbursement shall be on terms and conditions a�reed to by the Public Entity and the Counterparty. Generic GO Bond Proceeds 1 g Ver — 6/30i l� Grant Agreement tor Program End Grants �