2008-021 Council Resolution - Laserfiche WebLink

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Council Membel1Donnell introduced the following resolution and moved its adoption: CITY OF LINO LAKES COUNTY OF ANOKA RESOLUTION NO. 08 -21 AGREEMENT EXTENDING GRANTEE'S OBLIGATION TO COMPLY WITH LIVABLE COMMUNITIES DEMONSTRATION ACCOUNT GRANT AGREEMENT CONDITION Whereas, on December 20, 2000 the City Council (City) received a $450,000 Livable Communities Demonstration Account grant to help support mixed - income housing in Legacy at Woods Edge from the Metropolitan Council (Council); and Whereas, the grant agreement included a condition to install a traffic signal on the northbound off -ramp of I -35W to serve the development and existing development in Lino Lakes; and Whereas, on March 12, 2003 the City and the Council entered into grant agreement No. SG- 00 -135 which made the City's receipt of funds subject to the condition; and • Whereas, on August 24, 2005 the City requested payment of the $450,000; and • Whereas, on September 30, 2005 the City and the Council executed an amendment to the grant agreement under which the City agreed to reimburse the $450,000 by January 31, 2008 if the signal was not installed by December 31, 2007; and Whereas, full reconstruction of the I -35W Lake Drive bridge and interchange is now expected to be complete by June of 2008 and City staff requested an extension of the deadline for signal installation; and Whereas, at its January 9, 2008 meeting the Council gave the City until August 31, 2008 to fulfill the traffic signal condition. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF LINO LAKES, MINNESOTA: The City agrees to the representations made and agrees as follows: 1. The Council will forebear on its right to seek reimbursement of the $450,000 grant amount until August 31, 2008. 2. The City will inform the Council in writing when the traffic signal is operational. 3. If the signal is not operational by August 31, 2008, the City will reimburse the Council the entire $450,000 grant amount by September 15, 2008. 4. If the City does not reimburse the Council by September 15, 2008, the Council has a right to seek immediate reimbursement of the grant amount.