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RAMSEY COUNTY HOUSING AND REDEVLOPMENT AUTHORITY <br />CRITICAL CORRIDORS <br />COMMERCIAL CORRIDOR INITATIVE <br />SUBGRANT AGREEMENT <br />This CRITICAL CORRIDORS, COMMERCIAL CORRIDOR INITIATIVE <br />SUBGRANT AGREEMENT ("Subgrant Agreement") is made and entered into on this day <br />of , 2023, by and between the City of Mounds View, a Minnesota municipal <br />corporation ("Subgrantor") and [NAME OF SUBGRANTEE], a [TYPE OF ENTITY] <br />("Subgrantee"). <br />RECITALS <br />A. The Ramsey County Housing and Redevelopment Authority ("Authority") and Subgrantor <br />have entered into that certain Critical Corridors — Commercial Corridor Initiative Grant <br />Agreement (the "Grant Agreement") on [DATE OF GRANT AGREEMENT] in connection with <br />the efforts to invest in streetscaping and wayfinding in the corridor that improve the pedestrian <br />experience and support existing small businesses through facade improvement grants ("Project"). <br />B. The Grant authorizes Subgrantor to provide Subgrants to eligible entities within the Project <br />Area defined in the Grant Agreement in order to pay for facade improvements along key <br />commercial corridors in order to prevent and eliminate blight. <br />D. Subgrantee is the [FEE OWNER OR TENANT] of real property at [ADDRESS, CITY], <br />Ramsey County, Minnesota. <br />E. Subgrantee submitted an application to Subgrantor for the Project, and Subgrantor has <br />determined that Subgrantee meets the requirements of the Grant Agreement for Eligible Activities <br />as that is defined in the Grant Agreement. <br />F. Subgrantor and Subgrantee are entering into this Subgrant Agreement to fund facade <br />improvements. <br />NOW, THEREFORE, in consideration of the mutual promises and covenants herein, <br />Subgrantor and Subgrantee do hereby agree as follows: <br />ARTICLE 1 <br />TERMS OF SUBGRANT <br />Section 1.01 Subgrant Amount. Subgrantor agrees to provide a grant to Subgrantee in <br />the amount of not to exceed Ten Thousand and 00/100 Dollars ($10,000.00) (the "Subgrant") upon <br />the terms and conditions and for the purposes set forth in this Subgrant Agreement and the Grant <br />Agreement. The Subgrant constitutes a grant of funds and no portion of the Subgrant is to be <br />repaid by Subgrantee to Subgrantor unless mutually agreed to by all parties as part of this Subgrant <br />Agreement or an Event of Default (as defined below) occurs. <br />D-2 <br />