Laserfiche WebLink
@ _ �. � _ � 3 1 �t �'�� E:. F� . �: d t '�t �C� e � ; i � � [ J ji •� i l [ � l �4 i <br />Councii's poEicy de#inec� ttze tem� "econor��ic development" for L.CA �rogra�n purposes and co�ers <br />tf}e time period from lanuary 25, 2006 to June 2S, 200b. Qi1 June 28, 2006 tlje Coul�ciE adopted a <br />revised eminent dot��ain �alicy tl�at is consiste3�t ��i1h the statutory defi«itions and restrictians <br />containe� in Minnesota Statutes chapter 1] I as a���endec3 (effeci�ve May ?0, 2�Of) duri�lg ihe 2006 <br />]egislative sessEOn. The revised po�icy a�plies to LCA grant awards and grant agreen�ents �nade an <br />or afte�' June 28, 20Q6. The Counci]'s .fanuary 25; 200G and .lune 2$, �OOb en�inent domain policies <br />are availabie online at: http:llwww metrocouncil.orglservicesllivcommlEminent�omainPolicy.htm. <br />(a) If a notice of petition was 5eiveci bci�veen .ianuary 25, 2006 a3�� May 20, ?006 in connec�ioi� with <br />the Gi-antee's Praject (or any cornpvnent of the I'roject} tor .�7hich grant funds wei•e awarded, <br />the grant funds may 3�at be used to Fund or sEE�port tf.�e Project unless t11e Froject: (1) would <br />have been eli�;ible undeE' tl�� Council's J�r�uaty 2�, 2005 poEicy; or (2) qualifies for a�� exemption <br />�inder Mirinesota Statutes seciion 1 17.012; s�tbdivision ; c�r 2006 I��innesota Laws chap�er 214; <br />section. 22, clauses (b) throiigh (e). <br />(b) lf a ��otice of' petition was served on or after May 20, 20�b in connection ��i�h the Gi-antee's <br />Project (or any componer�t o#� the Pt�oject) for «�hirf� grant fuE�ds ��lere a��arded, the �rant fur�ds <br />may tlot be used to Fut�d or s��ppo3�t tl�e Project �inless t3�e Pi•oject qt►alifies For an exemption <br />u�-�de�� Minnesota Statutes seciion ! i 7.0 � 2, su€�di�lision 3 or 2006 Minnesota f_aws ehapter 214; <br />secEio�7 22, clauses (b) througft {e}_ <br />2.(l� I,oss ot Grant �'unds. The Grantee agrees to remit tc� the Council is� a prom�t t�ianner: �n�� <br />unspe��t grani t�unds, includin� any grani funds ti�at are not ex�ended �arior to t:he E�:piration D�te <br />ideaitified at Page 1 of this Ags-eeme��t; any �,rant funds that are nut tised for t}�e auil�orized pur�oses; <br />ai�d any interest e�rnin�s desc��ibed in Pa�•a�ra�h 2.07 tf�at a��e not usecE for- fhe purposes o� <br />i�nplemenEing the Pro,ject aCtivities descs�i�cd in AlEachmer�[ �1. I�or ihe p��rposes oil�iis A�reer�ent, <br />grant f�unds are "e�pended" prior to the Expi��atio« Date i#� t��e G��a�ltee pays o�� is obli�ated tc� �aW! for <br />expenses of eli�ible Project activitEes tll�it occi�rred prio�� c� ihe �xpiraiion Da�e and tJ�e eligible <br />etipenses were incurred prior to the Expiration Dace. Unspe��t or kinused grant funds and other fi►nds <br />remitted to ti7e Cou�jcil slz�ll reverl to the Council's Tax Basc ReviEalization Accot�nt fo1' tfistrib�ation <br />throu�li ap�lication processes in fut��re �unding Cycles. <br />2,p$ Payment Itequest Forms an�i llishursernents. The Council will disbtirse gra�t fu��ds in <br />response to ��vritten pay�nen� requests submitted by t1�e G�'a�3tee ar�d revie�red and approvec� b�+ ihe <br />Coui�cil's aut�ot•i�ed age�lt_ Wriiten payment ��equests shall he n�ade using E�ayn�ent request forms, t}�e <br />forni ar�d ca�ltent oF �vhich wiil be de[ern�ined by the Cc�uncil. f'�yrr�e3�t i-c�t�est and other repa�rti�lg <br />fort�� are av�ilable o��line at: hitp:llwwv��.metrocouncii.orglservicesAivcomm/LCAresources.htm. Tl�e CoUncil <br />ti�ill disburse grar�t funds on a reimburser��cnt basis ar a"cost incuri•ed" basi5. The G��at�tee must <br />pi-ovide with iis ��ritten payrnent requests docui��entatio�� tlzat sl�o��rs gra��t-funded Project activitres <br />act�ally have been cnn�plefed. Disb�i-sen�ents prior ta the �erforinance of a grant-funded Project <br />activity wi�l be sub3ect to tern�s and co��ditions ���utuafly ag��eed to by the Co�ilcil's authorized agei�i <br />ar�d the Grantee. Suhject ta verification of each payrne�lt request fo�n� (and its documentatioc�} and <br />approval For consistency v��ith this Agreement; Ehe Courtcil wilf disburse a requested an�ount to the <br />Graniee ��rithin two {2) weeks after receipt of a properiy completed payrnent requesE Fornl. <br />2.07 Interest Earnin�s. If i}�e Granlee earns �i3y interest or otller incor��e from the grar�l funcls <br />received from the Cauncil under this A�reement, tl�e Gr���cee will use the intere�t earnings or <br />income only for the �urposes of �rnplementing t��e Project a�.tivifres descs'ibed in Attachn�ent A. <br />Puge ;� uf 1 D Pages � <br />