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AGREEMENT BETWEEN RAMSEY COUNTY HRA and CITY OF ROSEVILLE FOR ENVIRONMENTAL RESPONSE FUNDS This is an Environmental Response Fund Grant Agreement made this day of , 2009, between the Ramsey County Housing and Redevelopment Authority ("AUTHORITY") and City of Roseville, a Minnesota non-profit corporation ("GRANTEE") (sometimes referred to as the "PARTIES" or a"PARTY"). WHEREAS, on December 22, 2002, the AUTHORITY approved an increase in the mortgage registration and deed tax effective February 1, 2003 through December 31, 2007, and which was reinstated effective July 1, 2008 through December 31, 2012, for the purpose of creating an Environmental Response Fund per Minnesota Statutes, section 383A.80; and WHEREAS, on December 1, 2009, based upon an application from GRANTEE dated November 6, 2009 ("APPLICATION"), the AUTHORITY approved an Environmental Response Fund loan to GRANTEE in the amount of One Hundred Eighty Thousand Five Hundred Seventy Dollars ($180,570.00) for remediation activities at the Twin Lakes site in the City of Roseville; and NOW, THEREFORE, in consideration of the above premises and the mutual covenants and agreements set forth herein, the PARTIES agree as follows: DEFINITIONS For purposes of this agreement, the following terms shall have the following meanings: 1.1. "GRANT AGREEMENT" means this Grant Agreement. 1.2. "AUTHORITY" means Ramsey County Housing and Redevelopment Authority. 1.3. "GRANTEE" means City of Roseville, a municipal corporation. 1.4. "IMPROVEMENTS" means the remediation activities specifically set forth in the APPLICATION. 1.5. "GRANT" means the amount of One Hundred Eighty Thousand Five Hundred Seventy and 00/100 Dollars ($180,570.00) to be granted to GRANTEE to finance the proj ect. 1.6. "PROJECT" means the PROPERTY and the IMPROVEMENTS. 1.7. "PROPERTY" means the real property located in the County of Ramsey, State of Minnesota that is legally described on the attached Exhibit "A". Page -1-