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RAMSEY COUNTY <br />HOUSING AND REDEVELOPMENT AUTHORITY <br />CRITICAL CORRIDORS <br />COMMERCIAL CORRIDOR INITIATIVE GRANT <br />This GRANT AGREEMENT ("Agreement") is made and entered into this 12th day of <br />February, 2024, by and between the Ramsey County Housing and Redevelopment Authority, a <br />political subdivision of the State of Minnesota ("Authority"), and the City of Mounds View, a <br />Minnesota municipal corporation ("Grantee"). <br />RECITALS <br />1. Authority was created pursuant to Minnesota Statutes § § 469.001 to 469.017, as amended, and <br />was authorized to transact business and exercise its powers by a resolution of the Ramsey <br />County Board of Commissioners (the "County"). <br />2. Pursuant to Minnesota Statutes § 469.033, Subd. 6, Authority levied a special benefit tax <br />throughout its area of operation and, in order to fulfill the purposes for the levy of some of <br />those levy funds, Authority established the Critical Corridors - Commercial Corridor Initiative <br />Program ("Program") to improve the tax base and quality of life in Ramsey County by <br />strengthening small business districts in suburban communities through entrepreneurship <br />support, building improvements, place -making, and other initiatives and investments to <br />support small businesses and pedestrians along corridors in order to prevent and eliminate <br />blight. <br />3. The activities to be undertaken under the Program are all activities that Authority could <br />undertake directly pursuant to Minnesota Statutes § § 469.001 to 469.047. <br />4. Grantee seeks to update a design theme for Mounds View Boulevard to lay out place -making <br />strategies and investments to support businesses and pedestrians along the corridor, as defined <br />in the Program description on file with Authority (the "Project") which will result in the <br />prevention and elimination of blight. <br />5. Grantee has submitted an application ("Application") to fund certain activities in the Project <br />Area as described in Exhibit A ("Project Area") related to the Project as described in Exhibit <br />B ("Project Activities"), in order to engage in certain activities as permitted by the Program <br />including but not limited to district -wide planning and design and design and implementation <br />of wayfinding, signage, street furniture or other public realm improvements ("Eligible <br />Activities"). <br />6. The Project Activities will occur in the City of Mounds View, within the Project Area, in <br />Ramsey County, Minnesota. <br />7. Authority has determined that investing in place -making improvements in an important local <br />business district will support Ramsey County's suburban small business economy. <br />1 <br />