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RAMSEY COUNT'. HOUSING AND REDEVELOPMENT AUTHORITY CRITICAL CORRIDORS COMMERCIAL CORRIDOR INITIATIVE GRANT This GRANT AGREEMENT ("Agreement") is made and entered into this 25th day of September, 2023, by and between the Ramsey County Housing and Redevelopment Authority, a political subdivision of the State of Minnesota ("Authority"), and the City of Mounds View, a Minnesota municipal corporation ("Grantee"). RECITALS 1. Authority was created pursuant to Minnesota Statutes §§ 469.001 to 469.017, as amended, and was authorized to transact business and exercise its powers by a resolution of the Ramsey County Board of Commissioners (the "County"). 2. Pursuant to Minnesota Statutes § 469.033, subd. 6, Authority levied a special benefit tax throughout its area of operation and, in order to fulfill the purposes for the levy of some of those levy funds, Authority established the Critical Corridors - Commercial Corridor Initiative Program ("Program") to improve the tax base and quality of life in Ramsey County by installing neighborhood signage throughout the corridor and administering a small business fagade improvement grant program in order to prevent and eliminate blight. 3. The activities to be undertaken under the Program are all activities that Authority could undertake directly pursuant to Minnesota Statutes §§ 469.001 to 469.047. 4. Grantee seeks to support existing small businesses through grants for public realm improvements including fagade improvements, as defined in the Program description on file with Authority (the "Project") which will result in the removal, prevention, and reduction of blighting factors/causes of blight. 5. Grantee has submitted an application ("Application") to fund certain activities in the Project Area as described in Exhibit A ("Project Area") related to the Project as described in Exhibit B ("Project Activities"), in order to engage in certain activities as permitted by the Program including but not limited to marketing, promotion, and public realm improvements ("Eligible Activities"). 6. The Project Activities will occur in the City of Mounds View, within the Project Area, in Ramsey County, Minnesota. 7. Authority has determined that the installation of signage and business fagade improvement grants will support Ramsey County's suburban small business economy by investing in placemaking improvements in an important local business district.