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-��.�� fx:�`��: ��?� ; G�€ •��..i�.:l"������' ,iC:C���[����' Exhibi# B <br />CRANTEE: City of Rose;•ilfe CRANT NO. SG007-i43 <br />�'RO.IECT: Har Mar Apariments <br />CRAN�' A��0�1t�T: $l2l,SO0.0U �'U�tBlh'C CYCi�: �all 20p7 <br />COUNCILACTION: .)anuary 9, 20{�8 EXF'1RAi'fON DaTE: Decen�ber3i, 2009 <br />METROPOLITAN LI'VABLC COMMUNITIES ACT <br />GRANT ACR�EMENT <br />THIS G�L4N7' AGREEMfNT ("Agreen�ei�t'�) is rr�ade and entei'ed it�to l�,y the. MetropoEitan <br />Counci� (`�CouE�cil") and ihe N]w�icipality or Developme�l Autf�oriE_y identified abo�e as "Grantee.�' <br />WHEREAS, Minnesota Statuies sec€ion �473.2a l creates t�ie Metrdpolttai� 1_ivable Co�y�ir�unilies <br />�'Ltlld, the t�ses oi w1�ic�� fund iZ���se be cansistent ���ick� and pr�o�note t3�e purpos�:s of tlle Metropolitan <br />Livable Co�nm�inities Act ("LCA'�) artd Yhe policies of the Cauncil's Metropalotar� Development <br />Gui<�e�, a�ld <br />V1'HERCAS, Minnesata Statutes sectio�ls 473.251 and 473.252 establish within the Metropolitan <br />Livable Comnt�uliiics f=tmd a Tax Base �evitalizatior� Account and requi�e t17e Coi�ncii to use Ehe <br />ft�nds in the account to m�ke graf�ts to Munici�alities ar De��elop�ncnt Authorities for the cieanup of <br />pollt�ted Eanc� in thE seven-couttty meEro�oi.i�a�� a��ea; anc� <br />Wk-�CREAS, She Gra�ltee is a M�nicipalit}� ot a De<<elopment Authority as defi��ed in Mirulesota <br />Statutes seciion 473.252, subdi��isions I a�id i a; and <br />WNER�AS, tl�e Grat3tee seeks fu��din� in co���ectio�� ���it}i ari a��plicafion for "Cax Base <br />Revitali�ation Account fiinds su�mitted in response to the Council's notice of at�ailability of gra��i <br />funds for the "Funciing C}'e]e" identi€`ied ahove a�3ci wil] use ihe grant f'unds made avaiiable under <br />tl�is Abre-c�ne��t to help fi�nd the "Prc�ject" �der�tiried in ti-�e ap�Iication; and. <br />WHERCAS, tl�e Counc€1 awarded Tax Bas� Revitalizati�n Acco�nt gra�ii f�unds ta [l�e Grantee <br />subjeci to the Cou��cil's eminent domai� policy and ai�y ierms, conditions or clarifica.tions siated ic3 <br />its Cauncil Action, and with the t�f�dcrsi�nding that the Project identified i�7 t��e application will <br />proceed to comp�etion it7 a tit�ely ��anner and al[ grant fi�nds ��i11 6e ex�et�ded p►•ior to the "Expiration <br />llaie" ider�ti�ed above. <br />NQ�'V THEREFORE, in reliance on the abo�e statenients and in co»sideration of the �nutual <br />pro��ises a�id co�renants contained ii� this Agree�nent_ t�e Grantee and tf�e Counci� agree as fo�lo�vs: <br />I. D�FINi'I'tONS <br />I.Oi Defi€�ition of Terms. The terrns c�efined in this parag��aph have tl�e eneanin�s given them irr <br />this para�rapll unless otherwise providec� or i��dicated by t�e context. <br />Page 1 af 1 a Pages � <br />