Loading...
HomeMy WebLinkAbout25-18 - ADMIN Resolution - Economic Development Authority - 2025/09/15EDA Resolution No. 25 - 18 Approving Amendment No. 2 to the Environmental Response Fund Grant Agreement Be it resolved by the board of commissioners (the “board”) of the St. Louis Park Economic Development Authority (the “authority”) as follows: Section 1. Recitals; Authorization. (a) The authority and the Hennepin County Environmental and Energy Department (the “county”) previously entered into an Environmental Fund Grant Agreement (the “original agreement”), as amended by Amendment No. 1 to the agreement (as heretofore amended, the “agreement”), which granted the authority $239,000 in grant funds to be used for cleanup at the Wooddale Station Redevelopment project site (the “project”). (b) Pursuant to the agreement, the authority is required to complete the project within two (2) years from the execution of the agreement, with the option to extend the duration of the agreement. (c) The authority and county have negotiated and now propose to execute Amendment No. 2 to the agreement (the “second amendment”) to revise the agreement to expire on or before November 15, 2027. (d) The board has reviewed the second amendment and finds that the execution thereof is in the best interest of the City of St. Louis Park and its residents. Section 2. Approval of documents. (a) The board approves the second amendment 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 prior grant agreements (the “documents”). (b) 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 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. Docusign Envelope ID: D56E2B84-DF15-4905-84C9-BEBCAAF537C6 This resolution shall not constitute an offer and the documents shall not be effective until the date of execution thereof as provided herein. (c) 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. Section 3. Effective date. This resolution shall be effective upon approval. Reviewed for administration: Adopted by the economic development authority September 15, 2025: Karen Barton, executive director Sue Budd, president Attest: Melissa Kennedy, secretary Docusign Envelope ID: D56E2B84-DF15-4905-84C9-BEBCAAF537C6