2009_0223_Packet - Laserfiche WebLink

Home

"G.O. Compliance Legislation" - means Minn. Stat. § 16A.695 as such may be subsequently be amended, modified or replaced from time to time unless such amendment, modification or replacement imposes an unconstitutional impairment of a contract right. "Governmental Program" — means the operation of the Real Property and, if applicable, Facility for the purpose specified and identified in Recital C of this Agreement as the Governmental Program. "Grant" - means a grant of monies from the State Entity to the Public Entity in the amount identified as the "Grant" in Recital B to this Agreement, as the amount thereof may be modified under the provisions contained in Sections 2.11 and 6.01. "Initial Acquisition and Betterment Costs" — means the cost to acquire the Public Entity's ownership interest in Real Property and, if applicable, Facility if the Public Entity does not already possess the required ownership interest, and the costs of betterments of the Real Property and, if applicable, Facility; provided, however, the Commissioner is not bond by any specific amount of such alleged costs unless he/she has consented, in writing, to such amount. "Inspecting Engineer", if any - means the State Entity's construction inspector, or its designated consulting engineer. "Leased Premises" - means the real estate and structures, if any, that are leased to the Public Entity under a Real Property/Facility Lease. This definition is only needed and only applies if the Public Entity's ownership interest in the Real Property, the Facility, if applicable, or both is by way of a leasehold interest under a Real Property/Facility Lease. For all other circumstances this definition is not needed and should be i�nored and treated as i were le�t blank, and anv r'eference to this term in this A�eement shall be ignored and treated as i�the reference did not exist. "Lessor" — means the fee owner/lessor of the Leased Premises. This definition is only needed and only applies if the Public Entity's ownership interest in the Real Property, the Facility, if applicable, or both, is by way of a leasehold interest under a Real Property/Facility Lease. For all other circumstances this definition is not needed and should be i�nored and treated as if were left blank, and anv r'eference to this term in this A�eement shall be ignored and treated as i the reference did not exist. "Outstanding Balance of the Grant" — means the portion of the Grant that has been disbursed to or on behalf of the Public Entity minus any amounts received by the Commissioner under Section 2.08.B. "Ownership Value", if any — means the value of the Public Entity's ownership interest, if any, in the Real Property and, if applicable, Facility that existed concurrent with the Public Entity's execution of this Agreement. Such value shall be established by way of an appraisal or by such other manner as may be acceptable to the State Entity and the Commissioner. The parties hereto agree and acknowledge that such value is $ or Not Applicable; provided, however, the Commissioner is not Generic GO Bond Proceeds 4 Ver-6/26/08 Grant Agreement for Construction Grants (Gnrc GO GA-Cnstrctn Grnt)