HomeMy WebLinkAbout98-03 - ADMIN Resolution - Economic Development Authority - 1998/09/22RESOLUTION NO. 98-3
A RESOLUTION APPROVING THE SUBMITTAL OF A REDEVELOPMENT
GRANT PROGRAM APPLICATION TO THE DEPARTMENT OF TRADE
AND ECONOMIC DEVELOPMENT TO AID IN THE REDEVELOPMENT OF
THE SOUTHWEST CORNER OF HIGHWAY 7 AND LOUISIANA AVENUE,
ST. LOUIS PARK
BE IT RESOLVED that the St. Louis Park ECONOMIC DEVELOPMENT AUTHORITY
act as the legal sponsor for a grant application to be submitted for funding under the Department
of Trade and Economic Development Redevelopment Grant Program for the redevelopment of
the southwest corner of Highway 7 and Louisiana Avenue (the "Project') and that the President
and Executive Director are authorized to make application on behalf of the St. Louis Park
ECONOMIC DEVELOPMENT AUTHORITY and execute all necessary contracts and other
documents needed to complete the grant program requirements.
BE IT FURTHER RESOLVED that the St. Louis Park ECONOMIC DEVELOPMENT
AUTHORITY has the legal authority to apply for financial assistance, and the institutional,
managerial, and financial capability to ensure adequate project administration.
BE IT FURTHER RESOLVED that the sources and amounts of the local match identified in
the application are committed to the project identified to the extent that the entire financing
package proposed for this project is approved by all other necessary project funding sources.
BE IT FURTHER RESOLVED that the St. Louis Park Economic Development Authority
has not violated any Federal, State or local laws pertaining to fraud, bribery, graft, kickbacks,
collusion, conflict of interest or other unlawful or corrupt practice.
BE IT FURTHER RESOLVED that upon approval of its application by the state, the
President and Executive Director may enter into an agreement with the State of Minnesota for the
above referenced project(s) and that the St. Louis Park Economic Development Authority
certifies that it will comply with all applicable laws and regulation as stated in all contract
agreements.
NOW, THEREFORE BE IT RESOLVED that the President and Executive Director are
hereby authorized to execute such agreements as are necessary to implement the Project and grant
application on behalf of the Economic Development Authority.
I CERTIFY THAT the above resolution was adopted by the St. Louis Park Economic
Development Authority on September 22, 1998.
ATTEST:
City Clerk
REVIEWED FOR ADMINISTRATION:
xecutive Director
edagrant:n/res-or