HomeMy WebLinkAbout26-16 - ADMIN Resolution - Economic Development Authority - 2026/06/15EDA Resolution No. 26-16
Approving a sub-grant agreement with Beltline Mixed Use LLC for an
Environmental Response Fund grant from Hennepin County
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 (the “minimum
improvements”); and
Whereas, in connection with the minimum improvements, the authority applied for, on
behalf of the developer, and secured an Environmental Response Fund grant (Grant No.
PR00008202) in an amount not to exceed $153,525 (the “ERF grant”) from Hennepin County,
Minnesota (the “county”), by its Environment and Energy Department, to finance grant-eligible
clean-up activities (the “ERF grant-eligible activities”) described in the Environmental Response
Fund Grant Agreement (the “grant agreement”) between the county and the authority; and
Whereas, the authority intends to distribute proceeds of the ERF grant to the developer
to reimburse the developer for expenditures related to the ERF grant-eligible activities; and
Whereas, there has been presented to the board of commissioners of the authority (the
“board”) a form of a sub-grant agreement (ERF grant) (the “sub-grant agreement”) between the
authority and the developer, which sets forth the terms under which the authority will disburse
proceeds of the ERF grant to the developer, as sub-grantee, for the ERF grant-eligible activities
to be completed by the developer thereunder; and
Now therefore be it resolved by the board of commissioners of the St. Louis Park
Economic Development Authority as follows:
1.The board approves the sub-grant agreement in substantially the form
presented to the board, 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 board hereby authorizes the president and executive director, in their
discretion and at such time, if any, as they may deem appropriate, to execute the documents
on behalf of the authority, and to carry out, on behalf of the authority, the authority’s
obligations thereunder when all conditions precedent thereto have been satisfied. The
documents shall be in substantially the form on file with the authority and the approval hereby
given to the documents includes approval of 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 authority
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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 authority. The
execution of any instrument by the appropriate officers of the authority 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 the
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 board by any duly designated acting official, or by such other officer or
officers of the board 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 board are hereby
authorized and directed to take or cause to be taken such actions as may be necessary on
behalf of the board to implement the documents.
5.This resolution shall be effective upon approval.
Reviewed for administration: Adopted by the Economic Development
Authority June 15, 2026:
Karen Barton, executive director Yolanda Farris, president
Attest:
Melissa Kennedy, secretary
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