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05-11-2015 Council Packet
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05-11-2015 Council Packet
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(iii) Other funds supplied by the Grant Recipient, identifying the source and <br />amount of such funds. <br />(iv) Loans, identifying each such loan, the entity providing the loan, the <br />amount of each such loan, the terms and conditions of each such loan, and <br />all collateral pledged for repayment of each such loan. <br />(v) Other funds, identifying the source and amount of such funds. <br />C. Such other financial information that is needed to correctly reflect the total <br />funds available for the completion of the Project, the source of such funds and the expected <br />use of such funds. <br />Previously paid project expenses that are to be reimbursed and paid from proceeds of the <br />Grant may only be included as a source of funds and included in Attachment III if such items <br />have been approved, in writing, by the Commissioner of Management and Budget. <br />If any of the funds included under the source of funds have conditions precedent to the <br />release of such funds, then the Grant Recipient must provide to the State Entity and the <br />Commissioner of Management and Budget a detailed description of such conditions and what is <br />being done to satisfy such conditions. <br />The Grant Recipient shall also supply whatever other information and documentation that <br />the State Entity or the Commissioner of Management and Budget may request to support or <br />explain any of the information contained in Attachment III. <br />The value of the Grant Recipient's ownership interest in the Real Property and, if <br />applicable, Facility should only be shown in Attachment III if such ownership interest is being <br />acquired and paid for with funds shown in such Attachment III, and for all other circumstances <br />such value shouldbe shown in the definition for Ownership Value in Section 1.01 and not <br />included in such Attachment III. <br />The funds shown in Attachment III and to be supplied for the Project may, subject to any <br />limitations contained in the legislation that authorized the Grant, be provided by either the Grant <br />Recipient or a Usee under a Use Contract, <br />Section 6.25 Project Completion Schedule. The Grant Recipient represents to the State <br />Entity and the Commissioner of Management and Budget that Attachment IV correctly and <br />accurately delineates the projected schedule for the completion of the Project. <br />Section 6.26 Third -Party Beneficiary. The public program to be operated in <br />conjunction with the Real Property and, if applicable, the Facility will benefit the State of <br />Minnesota and the provisions and requirements contained herein are for the benefit of both the <br />State Entity and the State of Minnesota. Therefore, the State of Minnesota, by and through its <br />Commissioner of Management and Budget, is and shall be a third -party beneficiary of this <br />Agreement. <br />Little Caanda GO Bond Proceeds Grant Agreement Ver — 5/06/15 <br />for MnDOT Antiquated Equipment Grants 28 <br />
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