My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
02-12-2024 EDA
MoundsView
>
City Council
>
EDA
>
Packets
>
2020-2029
>
2024
>
02-12-2024 EDA
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
2/8/2024 8:17:51 AM
Creation date
2/8/2024 8:17:43 AM
Metadata
Fields
Template:
MV EDA
EDA Document Type
Packets
Date
2/12/2024
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
23
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
DOCSOPEN\MU205\13\825029.v1-9/20/22 <br />EDA RESOLUTION 24-EDA-371 <br /> <br />CITY OF MOUNDS VIEW <br />COUNTY OF RAMSEY <br />STATE OF MINNESOTA <br /> <br />A RESOLUTION APPROVING A FIFTH AMENDMENT TO THE LOAN <br />ORIGINATION AGREEMENT WITH CENTER FOR ENERGY AND ENVIRONMENT <br /> <br /> BE IT RESOLVED by the Board of Commissioners (the “Board”) of the Mounds View <br />Economic Development Authority (the “Authority”) as follows: <br /> <br /> Section 1. Recitals. <br /> <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 /> <br /> 1.02. The Authority, on December 11, 2017, approved a Loan Origination agreement <br />with the Center for Energy and Environment, a non-profit corporation formed under the laws of <br />the State of Minnesota. <br /> <br /> 1.03. The Authority has determined that an amendment is necessary in order to extend <br />the term of the Agreement. <br /> <br /> 1.04. The Authority acknowledges that the terms of the amendment to the loan <br />origination agreement (the “Amendment”), a copy of which is attached as Exhibit A to this <br />resolution, which includes program guidelines and budget has not changed except for the <br />Termination Date. <br /> <br /> 1.05. The Board has reviewed the Amendment 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 /> <br /> Section 2. Authorization. <br /> <br /> 2.01. The recitals set forth in this Resolution are incorporated into and made a part of this <br />Resolution. <br /> <br /> 2.02. The Board hereby approves the Amendment 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 /> <br /> 2.03. The proper Authority officials, staff and consultants are authorized to execute the <br />Amendment and to take any and all other steps necessary or convenient in order to carry out the <br />obligations under the Amendment, as well as to fulfill the intent of this Resolution.
The URL can be used to link to this page
Your browser does not support the video tag.