Agenda Packets - 2023/02/27 - Laserfiche WebLink

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A. The Authority will disburse Funds in response to written reimbursement requests ("Reimbursement Requests") submitted to the Authority by the Grantee upon forms provided by the Authority and accompanied by copies of bills and invoices from third parties for which Grantee seeks reimbursement. Subject to verification of the facts contained in each Reimbursement Request and a determination of compliance with the terms of this Agreement, the Authority will disburse the requested amount to the Grantee within thirty-five (35) days after receipt of each Reimbursement Request. B. The following are events and conditions precedent to the disbursement of the Funds: 1. The Grantee shall have executed and delivered to the Authority on or prior to the date hereof, without expense to the Authority, executed copies of this Agreement; 2. No Event of Default under this Agreement shall have occurred and be continuing, unless waived in writing by the Authority in its sole discretion; 3. As applicable with respect to each disbursement, the Grantee shall have received or the Authority shall have determined that the Grantee will receive all necessary rezoning, variances, conditional use permits, building permits and other permits, and subdivision, site plan and other approvals needed to permit the construction for which funds are requested. 1.06 Unused Funds: Upon the earlier of (a) the completion of the Project Activities; (b) the End Date; or (c) the termination of this Agreement, any Funds not previously disbursed for any reason, shall not be bound by the terms of this Agreement and may be retained by the Authority, at the Authority's sole discretion. 1.07 Business Subsidy. The parties hereto agree and acknowledge that the Grant does not constitute a business subsidy under Minnesota Statutes, Sections 116J.993 to 116J.994, as amended, because the recipient is a local government agency. ARTICLE 2: INSURANCE AND INDEMNIFICATION 2.01 Insurance. Grantee will maintain such insurance as will protect it from claims which may arise out of, or result from, its operations related to this Agreement, whether such operations be by the Grantee, or by any subcontractor, or by anyone directly employed by them, or by anyone for whose acts any one of them may be liable. Certificates of Insurance shall be issued evidencing such coverage to the Authority throughout the term of this Agreement. A. Commercial General Liability Insurance. The policy will be written on an occurrence basis using ISO form CG 00 01 or its equivalent. Coverage shall include contractual liability. Grantee is required to add the Authority, Ramsey County, their officials, employees, volunteers and agents as Additional Insured to the Grantee's 3