HomeMy WebLinkAbout26-067 - ADMIN Resolution - City Council - 2026/05/04
Resolution No. 26-067
Approving a sub-grant agreement with Beltline Mixed Use LLC for
grant from the Minnesota Department of Employment and Economic
Development and taking other actions in connection therewith
Whereas, the St. Louis Park Economic Development Authority (the “authority”) and
Beltline Mixed Use LLC, a Delaware limited liability company (the “developer”), have entered
into an amended and restated contract for private development dated May 19, 2025, as
amended by the first amendment to contract for private development dated January 20, 2026
(the “development agreement”), pursuant to which the developer agreed to construct a multi-
phase mixed-use development on certain property in the City of St. Louis Park, Minnesota (the
“city”), including market rate housing, commercial space, and a parking structure (the
“minimum improvements”); and
Whereas, in connection with the minimum improvements, the city applied for, on
behalf of the developer, and secured a grant (Grant No. 281703) in an amount not to exceed
$303,071 (the “DEED grant”) from the Minnesota Department of Employment and Economic
Development (“DEED”) to finance grant-eligible clean-up activities (the “DEED grant-eligible
activities”) described in the Grant Contract Agreement No. CCGP-25-0024-Z-FY26 (the “grant
agreement”) between DEED and the city; and
Whereas, the city intends to distribute proceeds of the DEED grant to the developer to
reimburse the developer for expenditures related to the DEED grant-eligible activities; and
Whereas, there has been presented to the city council of the city (the “city”) a form of a
sub-grant agreement (DEED grant) (the “sub-grant agreement”) between the city and the
developer, which sets forth the terms under which the city will disburse proceeds of the DEED
grant to the developer, as sub-grantee, for the DEED grant-eligible activities to be completed by
the developer thereunder; and
Now therefore be it resolved by the city council of the City of St. Louis Park, Minnesota
as follows:
1. The council approves the sub-grant agreement in substantially the form
presented to the council, together with any related documents necessary in connection
therewith, including without limitation all documents, exhibits, certifications, or consents,
referenced in or attached to the grant agreement or the sub-grant agreement (the
“documents”).
2. The council hereby authorizes the mayor and city manager, in their discretion
and at such time, if any, as they may deem appropriate, to execute the documents on behalf of
the city, and to carry out, on behalf of the city, the city’s obligations thereunder when all
conditions precedent thereto have been satisfied. The documents shall be in substantially the
form on file with the city and the approval hereby given to the documents includes approval of
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such additional details therein as may be necessary and appropriate and such modifications
thereof, deletions therefrom and additions thereto as may be necessary and appropriate and
approved by legal counsel to the city and by the officers authorized herein to execute said
documents prior to their execution; and said officers are hereby authorized to approve said
changes on behalf of the city. The execution of any instrument by the appropriate officers of
the city herein authorized shall be conclusive evidence of the approval of such document in
accordance with the terms hereof. This resolution shall not constitute an offer and the
documents shall not be effective until the date of execution thereof as provided herein.
3. Be it further resolved that the authority to approve, execute and deliver future
amendments to the sub-grant agreement entered into by the authority is hereby delegated to
the President and Executive Director, subject to the following conditions: (a) the proposed
amendments extend deadlines, amend the project budget or 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.
4. In the event of absence or disability of the officers, any of the documents
authorized by this resolution to be executed may be executed without further act or
authorization of the council by any duly designated acting official, or by such other officer or
officers of the council as, in the opinion of the city attorney, may act in their behalf. Upon
execution and delivery of the documents, the officers and employees of the council are hereby
authorized and directed to take or cause to be taken such actions as may be necessary on
behalf of the council to implement the documents.
5. This resolution shall be effective upon approval.
Reviewed for administration: Adopted by the city council May 4, 2026:
Kim Keller, city manager Nadia Mohamed, mayor
Attest:
Melissa Kennedy, city clerk
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