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• GENERAL OBLIGATION BOND PROCEEDS GRANT AGREEMENT PREDESIGN OR DESIGN GRANT for the Mounds Vier~• Redevelopment PROJECT Grant Agreement #: RDGP-OS-0001-o-FY05 THIS AGREEMENT shall be effective as of April,l2 2005 and is bern-een City of Mounds View, a home rule charter city (the "Public Entity"), and the Department of Employment and Economic Development (the "State Entity"). RECITALS A. Under the provisions contained in Minnesota Laws 2005 Ist Special Session Chapter 20, Article 1, Section 23, Subdivision 11 ,the Public Entity has been liven the authority to provide public improvements for a commercial and industrial redevelopment project; and B. Under the provisions contained in Minnesota Laws 200 1st Special Session Chapter 20, Article 1, Section 23, Subdivision 11 ,the State of Minnesota has allocated ONE MILLION SIX HUNDRED AND THIRY FNE "THOUSAND FIVE HUNDRED DOLLARS $1,635,00, which is to be given to the Public Entity as a grant to assist it in the public improvements to for a commercial and industrial redevelopment project as authorized by Minnesota Laws 2005 1st Special Session Chapter 20, Article 1, Section 23, Subdivision l l ; and C. The monies allocated to fund the grant to the Public Entity are proceeds of state general obligation bonds authorized to be issued under Article Xl, § 5{a) of the Minnesota Constitution; and D. The Public Entity and the State Entity desire to set forth herein the provisions relating to the granting of such monies and the disbursement thereof to the Public Entity. IN CONSIDERATION of the grant described and other provisions in this Agreement, the parties to this Agreement agree as follows. Article I DEFINITIONS Section I.O1 Defined Terms. As used in this Agreement, the following terms shall have the meanings set out,respectively after each such teen (such meanings to be equally applicable to both the singular and plural forms of the terms defined), unless the contents hereof specifically indicate otherwise: i Genetic GO Grani Agreement 1 Ver - 7/30/03 for Pre-Design or Design Grants (Gnrc GO GA-PrDsgn Gmt}