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HomeMy WebLinkAbout21-EDA-347EDA RESOLUTION 21-EDA-347 CITY OF MOUNDS VIEW COUNTY OF RAMSEY STATE OF MINNESOTA A RESOLUTION APPROVING AN AMENDMENT TO THE LOAN ORIGINATION AGREEMENT WITH CENTER FOR ENERGY AND ENVIRONMENT BE IT RESOLVED by the Board of Commissioners (the "Board") of the Mounds View Economic Development Authority (the "Authority") as follows: Section 1. Recitals. 1.01. The Authority is authorized pursuant to Minnesota Statutes, Sections 469.090 to 469.1081 (the `EDA Act"), to participate in providing certain loan programs (collectively, the "Loans"). 1.02. The Authority, on December 11, 2017, approved a Loan Origination agreement with the Center for Energy and Environment, a non-profit corporation formed under the laws of the State of Minnesota. 1.03. The Authority has determined that an amendment is necessary in order to add anew loan program assisting commercial businesses to provide for physical building improvements and equipment upgrades for new businesses within the City of Mounds View. 1.04. The Authority has negotiated the terms of the amendment to the loan origination agreement (the "Amendment"), a copy of which is attached as Exhibit A to this resolution including the program guidelines and budget. 1.05. The Board has reviewed the Amendment and finds that the execution thereof by the Authority and performance of the obligations thereunder are in the best interest of the Authority, the City and its residents. Section 2. Authorization. 2.01. The recitals set forth in this Resolution are incorporated into and made apart of this Resolution. 2.02. The Board hereby approves the Amendment in substantially the form presented to the Board on the date below and further subject to any modifications that do not alter the substance of the transaction and that are approved by the Authority's attorney. 2.03. The proper Authority officials, staff and consultants are authorized to execute the Amendment and to take any and all other steps necessary or convenient in order to carry out the obligations under the Amendment, as well as to fulfill the intent of this Resolution. DOCSOPENNU205\ 13\744709, v2-9/ 1 /21 EDA Resolution No. 21-EDA-347 Page 2 Adopted on the 27th day of September, 2021. Carol A. Mueller, President Attest: Nyle ZikmunWExecutive Director (SEAL,) DOCSOPEN\MU205\ 13\744709.v2-9/ 1 /21 DocuSign Envelope ID: E1BD38C1-B9E4-4A48-ADA5-8292CE9ABDF4 DocuSign Envelope ID: E1BD38C1-B9E4-4A48-ADA5-8292CE9ABDF4 10/11/2021 Certificate Of Completion Envelope Id: E1BD38C1B9E44A48ADA58292CE9ABDF4 Status: Completed Subject: Please DocuSign: A3. Amend 3 Moundsview #3701 - Interim.pdf Source Envelope: Document Pages: 2 Signatures: 1 Envelope Originator: Certificate Pages: 1 Initials: 0 Ryan Ellis AutoNav: Enabled EnvelopeId Stamping: Enabled Time Zone: (UTC-06:00) Central Time (US & Canada) 212 3rd Avenue North Minneapolis, MN 55401 rellis@mncee.org IP Address: 174.141.205.187 Record Tracking Status: Original 10/11/2021 12:57:01 PM Holder: Ryan Ellis rellis@mncee.org Location: DocuSign Signer Events Signature Timestamp Meranda Wacek mwacek@mncee.org Chief Financial Officer Center for Energy and Environment Security Level: Email, Account Authentication (None) Signature Adoption: Pre-selected Style Using IP Address: 69.71.33.107 Sent: 10/11/2021 12:57:40 PM Viewed: 10/11/2021 1:01:04 PM Signed: 10/11/2021 1:01:12 PM Electronic Record and Signature Disclosure: Not Offered via DocuSign In Person Signer Events Signature Timestamp Editor Delivery Events Status Timestamp Agent Delivery Events Status Timestamp Intermediary Delivery Events Status Timestamp Certified Delivery Events Status Timestamp Carbon Copy Events Status Timestamp Witness Events Signature Timestamp Notary Events Signature Timestamp Envelope Summary Events Status Timestamps Envelope Sent Hashed/Encrypted 10/11/2021 12:57:40 PM Certified Delivered Security Checked 10/11/2021 1:01:04 PM Signing Complete Security Checked 10/11/2021 1:01:12 PM Completed Security Checked 10/11/2021 1:01:12 PM Payment Events Status Timestamps Form No. 2051-51M—SATISFACTION OF MORTGAGE By Corporation or Partnership Satisfaction of Mortgage (Reserved for recording data) Date: 11/4/2021 THAT CERTAIN MORTGAGE owned by the undersigned, a public body corporate and politic and political subdivision of the State of Minnesota, organized and existing under the laws of Minnesota, dated 4/12/2021 executed by Linda J Buchs-Hammonds and Charles R Buchs-Hammonds, spouses married to each other, as Mortgagor(s), to The Economic Development Authority In and for the City of Mounds View, Minnesota, as Mortgagee to, and filed for record on 4/26/2021 as Document Number T02697715, in the Office of the ❑ County Recorder © Registrar of Titles of Ramsey County, Minnesota, is with the indebtedness thereby secured, fully paid and satisfied. The Economic Development Authority In and for the City of Mounds View, Minnesota By: /v �" Z ! b"" PXCCe17%Yj:- Az'� )/'� � — (IV me of authorized signor) (Title of authority) (Si tare STATE OF MINNESOTA } } ss. COUNTY OF RAMSEY } The foregoing instrument was acknowledged before me on _ .zr { 2 , zd� [, by 5 .JL, e w —td , the e; �u L(e, lsn of )�o,�.,� v , apolitical subdivision under the laws of Minnesota, on behalf of the city. Si re of Notarial Officer taking acknowledgement THIS INSTRUMENT WAS DRAFTED BY: The Economic Development Authority In and for the City of Mounds View, Minnesota 2401 Mounds View Blvd Mounds View, MN 55112 NOTARIAL STAMP OR SEAL (OR OTHER TITLE OR RANK) = RAYLA S. EWALD NOTARY PUBLIC-MINNESOTA MY Commission Expires Jan. 31, 2022