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• RESOLUTION NO. 6664 CITY OF MOUNDS VIEW COUNTY OF RAMSEY STATE OF MINNESOTA APPROVING A GRANT AGREEMENT OF $1,635,500 WITH THE MINNESOTA DEPARTMENT OF EMPLOYMENT AND ECONOMIC DEVELOPMENT (DEED) AS PART OF A COOPERATIVE AGREEMENT WITH RAMSEY COUNTY FOR COUNTY ROAD J RECONSTRUCTION AND OTHER PUBLIC IMPROVMENTS NECESSARY FOR THE MEDTRONIC PROJECT iN MOUNDS VIEW WHEREAS, on August 31, 2005 the City of Mounds View, EDA and Medtronic, Inc. signed the Purchase Agreement and Contract for Private Development; and WHEREAS, Medtronic has committed in Phase I to construct 820,000 sq. ft. of office space that would house approximately 3,000 employees at the new Cardiac Rhythm Management (CRM) campus; and WHEREAS, Article IV, Section 4.6 of the Agreement indicates that several road improvements are to be completed, including improvements to County Road • J and a new bridge over (-35W; and WHEREAS, on June 27, 2005 the Mounds View City Council formally accepted the $5.0 million state grant, also referred to as the Redevelopment Account, earmarked to the City of Mounds View for the County Road J Reconstruction Project; and WHEREAS, Ramsey County, the lead governmental body overseeing the road improvements, subsequently approved a professional services agreement with SEH for engineering and acquisition services needed far the County Road J Project; and will be requesting from the City reimbursement for those design and land acquisition costs; and WHEREAS, DEED has provided a grant agreement to be executed with the City of Mounds View for $1,635,500, and that this is one portion of the $5,000,000 appropriation and that additional grant agreements with DEED will be developed; and WHEREAS, the Ramsey County Cooperative Agreement provides a process for reimbursement of the engineering and acquisition casts the county is presently incurring, and that this and future DEED Grant Agreements will be attached to the Ramsey County Cooperative Agreement; and •