HomeMy WebLinkAbout25-35 - ADMIN Resolution - Economic Development Authority - 2025/12/01
EDA Resolution No. 25-35
Accepting the Love Local Storefronts grant award from Hennepin County
Whereas, the grant funds will be used to help local businesses improve their building
façades in the City of St. Louis Park; and
Whereas, the Economic Development Authority has the institutional, managerial and
financial capability to ensure adequate project administration; and
Whereas, the sources and amounts of the local match identified in the application are
committed to the project identified and the advance of such funds is subject to the final
approval of the authority; and
Whereas, the authority may enter into an agreement with Hennepin county for the
above referenced project, and that the authority certifies that it will comply with all applicable
laws and regulations as stated in the contract agreements; and
Now, therefore, be it resolved that the president and executive director are hereby
authorized to execute such agreements necessary to receive the grant and implement the
project (the grant agreement) and to carry out, on behalf of the authority, the authority’s
obligations thereunder when all conditions precedent thereto have been satisfied; and
Be it further resolved that the authority to approve, execute and deliver future amendments to
the grant agreement entered into by the authority is hereby delegated to the president and
executive director, subject to the following conditions: (a) extend deadlines, amend the project
budget and scope, or do not materially adversely affect the interests of the authority; and (b)
such amendments or consents do not contravene or violate any policy of the authority. The
execution of any instrument by president and executive director shall be conclusive evidence of
the approval of such instruments in accordance with the terms hereof. In the event of absence
or disability of the president and executive director any of the documents authorized by this
resolution to be executed may be executed without further act or authorization of the board by
any member of the board or any duly designated acting official, or by such other officer or
officers of the authority as, in the opinion of the city attorney, may act in their behalf.
Reviewed for administration:
____________________________________
Karen Barton, executive director
Attest:
____________________________________
Melissa Kennedy, secretary
Adopted by the Economic Development
Authority December 1, 2025:
____________________________________
Sue Budd, president
Docusign Envelope ID: C6C913CB-DCFD-4785-99DE-63AF5E768092