09-23-24 City Council Agenda Packet

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Section 2.2 Construction Compliance. (a) State prevailing wages: The Recipient must comply with the provisions of prevailing wage requirements set forth in Minnesota Statutes, Sections 177.41 to 177.44, as then in effect. (b) Federal prevailing wages: In addition to the prevailing wage requirements under Subsection (a), the Recipient must comply with, and require that all laborers and mechanics employed by contractors and subcontractors on the Project be paid wages at rates not less than those prevailing on projects of a similar character in the locality as determined by the Secretary of Labor in accordance with, the Davis - Bacon Act (40 U.S.C., sec. 276a through 276a-5), as amended. (c) Federal American Iron and Steel: The Recipient will comp requirements of the Safe Drinking Water Act, as amended by Am unless the Project is granted a waiver from the EPA. (d) Federal Build America, Buy America (BABA). requirements under the Build America, Buy Ame Jobs Act (IIJA) (P.L. 117-58 §§70911-70917) Iris subject to the ions of the Infrasti American Iron and Steel infrastructure Act of 2018, can Sourcing lament and (e) Project Sign: The Recipient will post a hysical sign, based on the template provided by the Authority, at the Project site during con ;ion, to inform the public that Project funding was made available by the State of Minnesota and the Federa nfrastructure Investment and Jobs Act, unless notified by the Authority that a sign is notv=luir ARTICLE 3 — TAX COMPLIANCE COVENANTS The Recipient ackno income of the own Note") and may be fu to bear interest that is Minnesota..i� tax (a) The Recip would cause th and will not omit exempt Note or the Note is %i tended to bear interest that is excluded from gross r f1wal and State of Minnesota income tax purposes (a "Tax-exempt A from the proceeds of the Authority's Bonds that are intended come the owner thereof for federal and State of ("Tax-e mpt Bonds"). The Recipient also acknowledges that, he Authority may pledge the Loan and the related Note as security a of debt service on any or all of its Tax-exempt Bonds. In Rea ovenants and agrees with the Authority, whether or not strict ents is uired to maintain the Note as a Tax-exempt Note or the t Bonds, as follows: 0t or, to the extent under its control, permit to be taken, any action that le a Tax-exempt Note or any Authority Bonds not to be Tax-exempt Bonds g, or cause to be taken, any action required to maintain the Note as a Tax- rity's Bonds as Tax-exempt Bonds. (b) The Recipient will take all actions with respect to the Note necessary to comply with all instructions and requests of the Authority relating to maintaining the Authority's Bonds as Tax-exempt Bonds and the Note as a Tax-exempt Note or compliance with the agreements set forth in this Section or in any Tax Compliance Certificate (hereinafter defined). Lino Lakes DWRF 01 Page 5 of 12 0