HomeMy WebLinkAboutResolution 96-45-- R~$OLUTION NO. 96-45
RESOLUTION OF CITY OF COLUMBIA HEIGHTS, MINNESOTA SUBMITTING
AN APPLICATION FOR A DEPARTMENT OF TRADE AND ECONOMIC
DEVELOPMENT (DTED) BUSINESS AND COMMUNITY DEVELOPMENT LOAN
AND GRANT FOR THE MEDTRONIC, INC. EXPANSION PROJECT
BE IT RESOLVED that the City of Columbia Heights act as the
legal sponsor for project(s) contained in the Business and
Community Development Application to be submitted on
and that the Mayor and Acting City Manager are hereby
authorized to apply to the Department of Trade and Ecomomic
Development for funding of this project on behalf of the City
of Columbia Heights.
BE IT FURTHER RESOLVED that the City of Columbia Heights has
the legal authority to apply for financial assistance and the
institutional, managerial, and financial capability to ensure
adequate construction, operation, maintenance and replacement
of the proposed project for its design life.
BE IT FURTHER RESOLVED that the City of Columbia Heights has
not incurred any costs, has not entered into any written
agreements to purchase property.
BE IT FURTHER RESOLVED that the City of Columbia Heights 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 City of Columbia Heights may enter into an
agreement with the State of Minnesota for the above-referenced
project(s), and that the City of Columbia Heights certifies
that it will comply with all applicable laws and regulations
as stated in all contract agreements and described on the
Compliances Section (FP-20) of the Business and Community
Development Application.
AS APPLICABLE BE IT FURTHER RESOLVED that the City of Columbia
Heights has obtained credit reports and credit information
from Medtronic, Inc. and Medtronic, Inc., a Minnesota
corporation. Upon review by the City of Columbia Heights, and
James Hoeft, Barna, Guzy and Steffen (legal counsel), no
adverse findings or concerns regarding, but not limited to,
tax liens, judgements, court actions, and filings with state,
federal and other regulatory agencies were identified. Failure
to disclose any such adverse information could result in
revocation or other legal action.
NOW, THEREFORE, BE IT RESOLVED that the City of Columbia
Heights is hereby authorized to execute such agreements as are
necessary to implement the project(s) on behalf of the
applicant.
Resolution No. 96-45
page 2.
I CERTIFY THAT the above resolution was adopted by the City
Council of the City of Columbia Heights on April 22, 1996.
Offered by:
Seconded by:
Roll call:
Ruettimann
Peterson
Ail ayes
ayo/~ Joseph Sturdevant
o-Anne-~tudent ,~-o-unci 1 Secretary