HomeMy WebLinkAbout03-08 - ADMIN Resolution - Economic Development Authority - 2003/08/04EDA RESOLUTION NO. 03-08
RESOLUTION APPROVING A CONTAMINATION CLEANUP PROGRAM GRANT
AGREEMENT WITH THE MINNESOTA DEPARTMENT OF TRADE AND
ECONOMIC DEVELOPMENT
WHEREAS, the St. Louis Park Economic Development Authority agreed to act as the legal
sponsor for the Project referred to as the Former Lithium Corporation of America site, contained
in the Contamination Cleanup Grant application submitted to the Minnesota Department of
Trade and Economic Development (DTED) on May 1, 2003; and
WHEREAS, DTED approved the grant application submitted for the above referenced Project
and has agreed to award the St. Louis Park Economic Development Authority $1,086,207 for
costs related to the investigation, cleanup, and demolition of the property located at 2401
Edgewood Ave. S.; and
WHEREAS, the St. Louis Park Economic Development Authority has the legal authority to enter
into agreements, and the institutional, managerial, and financial capability to administer such
agreements; and
WHEREAS, the St. Louis Park Economic Development Authority wishes to enter into an
agreement with Minnesota DTED for the above referenced Project, and that the St. Louis Park
Economic Development Authority certifies that it will comply with all requirements, applicable
laws and regulations as stated in the contract agreement;
NOW, THEREFORE, BE IT RESOLVED that the President and Executive Director are hereby
authorized to approve the Contamination Cleanup Grant Agreement with Minnesota DTED on
behalf of the St. Louis Park Economic Development Authority and 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 August 4, 2003.
for Administration: Adopted by the Economic Development
Authority on August 4, 2003
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