Laserfiche WebLink
EDA RESOLUTION 19 -EDA -333 <br />CITY OF MOUNDS VIEW <br />COUNTY OF RAMSEY <br />STATE OF MINNESOTA <br />A RESOLUTION APPROVING A LOAN SERVICING AGREEMENT WITH THE <br />CENTER FOR ENERGY AND ENVIRONMENT <br />BE IT RESOLVED by the Board of Commissioners (the "Board") of the Mounds View <br />Economic Development Authority (the "Authority") as follows: <br />Section 1. Recitals. <br />1.01. The Authority is authorized pursuant to Minnesota Statutes, Sections 469.090 to <br />469.1081 (the "EDA Act"), to participate in providing certain loan programs (collectively, the <br />"Loans"). <br />1.02. The Authority has in the past used the Community Reinvestment Fund, Inc., d/b/a <br />Community Reinvestment Fund, USA, a non-profit corporation organized under the laws of the <br />state of Minnesota ("CRF") to service the Authority's loan programs. <br />1.03. The Authority has selected the Center for Energy and Environment, a non-profit <br />corporation formed under the laws of the state of Minnesota, as the new servicer of the Loans. <br />1.04. The Authority has negotiated the terms of the loan servicing agreement (the <br />"Agreement"), a copy of which is attached as Exhibit A to this resolution. <br />1.05. The Board has reviewed the Agreement and finds that the execution thereof by the <br />Authority and performance of the obligations thereunder are in the best interest of the Authority, <br />the City and its residents. <br />Section 2. Authorization. <br />2.01. The recitals set forth in this Resolution are incorporated into and made apart of this <br />Resolution. <br />2.02. The Board hereby approves the Agreement in substantially the form presented to <br />the Board on the date below and further subject to any modifications that do not alter the substance <br />of the transaction and that are approved by the Authority's attorney. <br />2.03. The proper Authority officials, staff and consultants are authorized to execute the <br />Agreement and to take any and all other steps necessary or convenient in order to carry out the <br />obligations under the Agreement, as well as to fulfill the intent of this Resolution. <br />622221 v l MU205-13 <br />