EDA Resolution 08-EDA-239 - Laserfiche WebLink

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EDA RESOLUTION NO. 08-EDA-239 MOUNDS VIEW ECONOMIC DEVELOPMENT AUTHORITY COUNTY OF RAMSEY STATE OF MINNESOTA RESOLUTION APPROVING A REDEVELOPMENT GRANT PROGRAM APPLICATION FOR COSTS ASSOCIATED WITH THE ACQUISITION AND REDEVELOPMENT OF 2400 COUNTY ROAD H2 WHEREAS, the property located at 2400 County Road H2, formerly operated as Robert's Sport's Bar, has become available through foreclosure; and, WHEREAS, the property is located within the identified Premium Stop Redevelopment project area and adjacent to property acquired by the Economic Development Authority (the "EDA") for redevelopment; and, WHEREAS, the EDA has indicated an interest in maximizing the redevelopment project footprint; and, WHEREAS, to accomplish the acquisition and subsequent redevelopment of the property located at 2400 County Road H2, a Redevelopment Program grant application for funding through the Minnesota Department of Employment and Economic Development has been prepared for the EDA's consideration. NOW THEREFORE, BE IT RESOLVED that the EDA approves the preparation and submission of the Redevelopment Program grant application to the Minnesota Department of Employment and Economic Development in support of the acquisition and redevelopment of the property located at 2400 County Road H2. BE IT FURTHER RESOLVED that the EDA shall act as the legal sponsor for project(s) contained in the Redevelopment Grant Application to be submitted on January 15, 2008 and that the President and Interim Executive Director are hereby authorized to execute the application on behalf of the EDA. BE IT FURTHER RESOLVED that the EDA has the legal authority to apply for financial assistance, and the institutional, managerial, and financial capability to ensure adequate project administration. BE IT FURTHER RESOLVED that the sources and amounts of the local match identified in the application are committed to the project identified. BE IT FURTHER RESOLVED that the EDA has not violated any Federal, State or local laws pertaining to fraud, bribery, graft, kickbacks, collusion, conflict of interest or other unlawful or corrupt practice.