Agenda Packets - 2024/02/12 - Laserfiche WebLink

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Section 1.05 Disbursement of Funds. A. The Authority will disburse Funds in response to written reimbursement requests ("Reimbursement Requests") submitted to Authority by Grantee upon a form provided by 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, Authority will disburse the requested amount to 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 for any Project Activity: 1. Grantee shall have executed and delivered to Authority on or prior to the date hereof, without expense to 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 Authority in its sole discretion; 3. As applicable with respect to each disbursement, Grantee shall have received or Authority shall have determined that 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; and 4. Grantee shall have provided verification to Authority that all property taxes on the property where the Project will occur are current and paid in full. Section 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 Authority, at Authority's sole discretion. Section 1.07 Business Subsidy. The parties hereto agree and acknowledge that the Grant does not constitute a business subsidy under Minnesota Statutes, §§ 116J.993 to 116J.994, as amended, because the assistance provided with the grant is for less than $150,000. Section 1.08 Prevailing Wage. The Project will conform with the labor laws of the State of Minnesota, and all other laws, ordinances, and legal requirements affecting the work in Ramsey County and Minnesota including the Ramsey County Prevailing Wage Ordinance No. 2013-329, if applicable. Section 1.09 Sub antees. The following requirements shall apply if Grantee uses any of the Funds to make subgrants for fagade improvement projects: A. Prior to subgranting of Funds to any subgrantee, Grantee shall accept and review