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HomeMy WebLinkAbout03-01 - ADMIN Resolution - Economic Development Authority - 2003/04/21EDA RESOLUTION NO. 03-01 RESOLUTION APPROVING A GRANT APPLICATION TO THE DEPARTMENT OF TRADE AND ECONOMIC DEVELOPMENT AND APPROVING LOCAL MATCHING FUNDS ON BEHALF OF REAL ESTATE RECYCLING WHEREAS, the St. Louis Park Economic Development Authority has agreed to act as the legal sponsor for the Project referred to as ConAgra site, contained in the Contamination Cleanup Grant application submitted to the Department of Trade and Economic Development (DTED) on or before May 1, 2003; and WHEREAS, 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; 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 Economic Development Authority; and WHEREAS, 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; and WHEREAS, 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. Reviewed for Administration: Attest �c 0 S cretary Adopted by the St. Louis Park Economic Development Authority on April 21, 2003. resident 0