HomeMy WebLinkAbout99-03 - ADMIN Resolution - Economic Development Authority - 1999/04/19EDA RESOLUTION NO.
RESOLUTION APPROVING A GRANT APPLICATION TO THE DEPARTMENT OF
TRADE AND ECONOMIC DEVELOPMENT AND APPROVING LOCAL MATCHING
FUNDS ON BEHALF OF PARK LAND COMPANY AND FERN HILL PLACE
REDEVELOPMENT PROJECT
BE IT RESOLVED that the St. Louis Park Park Economic Development Authority act as the
legal sponsor for the Project referred to as Fern Hill Place, contained in the Contamination
Cleanup Grant Program to be submitted on May 1, 1999.
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 and the advance of such funds is subject to the
final approval of the Economic Development Authority.
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 St. Louis
Park Economic Development Authority may enter into an agreement with the State of Minnesota
for the above referenced Project, 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 apply to the Department of Trade and Economic Development for funding of this
project on behalf of the St. Louis Park Economic Development Authority and execute such
agreements as are necessary to implement the Project on behalf of the applicant.
I CERTIFY THAT the above resolution was adopted by the St. Louis Park Economic
Development Authority on April 19, 1999.
Reviewed for Administration:
xecutive Director
Attest
cretary
1347:n
Adopted by the Eonomic Development
Authority il prig 19, 1999
l