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General Obligation Bond Proceeds Grant Agreement - Construction Grant for the Guidant John Rose MN Oval Project THIS AGREEMENT shall be effective as of April 7, 2008, and is between City of Roseville, a statutory city (the "Public Entity"), and the MN Dept. of Employment & Economic Development (the "State Entity"). RECITALS A. Under the provisions contained in MN Statutes, Chapter 179, Section 21, Subd. 5, the Public Entity has been given the authority to predesign, design, construct, install, furnish, and equip multiple improvements to the Guidant John Rose MN Oval, including a geothermal heating and cooling system; and B. Under the provisions contained in MN Statutes, Chapter 179, Section 21, Subd. 5, (the "GO Bonding Legislation") the State of Minnesota has allocated $ 600,000 (the "Grant"), which is to be given to the Public Entity as a grant to assist it in predesigning, designing, constructing, installing, furnishing, and equiping the Guidant John Rose MN Oval, as authorized by such legislation; and C. Under the provisions contained in M S. 471.15 - 471.191, the Public Entity has been given the authority to operate a recreational facility (the "Governmental Program"); and D. The monies allocated to fund the grant to the Public Entity are proceeds of state general obligation bonds authorized to be issued under Article XI, § 5(a) of the Minnesota Constitution; and E. The Public Entity's receipt and use of the Grant to acquire and/or improve real property (the "Real Property") and, if applicable, structures situated thereon (the "Facility") will cause all of such real property and structures to become "state bond financed property", as such term is used in Minn. Stat. § 16A.695 (the "G.O. Compliance Legislation") and in that certain "Order Amending Order of the Commissioner of Finance Relating to Use and Sale of State Bond Financed Property" executed by the then Commissioner of Finance on July 20, 1995 (the "Commissioner's Order"), even though such funds may only be a portion of the funds being used to acquire and/or improve the Real Property and, if applicable, Facility and that such funds may be used to only acquire and/or improve a part of the Real Property and/or, if applicable, Facility. F. The Public Entity and the State Entity desire to set forth herein the provisions relating to the granting of such monies and the disbursement thereof to the Public Entity, and the operation of the Real Property and, if applicable, Facility. Generic GO Bond Proceeds 1 Ver-6/26/08 Grant Agreement for Construction Grants (Gnrc GO GA-Cnstrctn Grnt)