HomeMy WebLinkAbout15-097CITY OF LAKEVILLE
DAKOTA COUNTY, MINNESOTA
RESOLUTION NO. 15-97
RESOLUTION AUTHORIZING AN APPLICATION TO THE DEPARTMENT OF EMPLOYMENT
AND ECONOMIC DEVELOPMENT FOR MINNESTOA INVESTMENT FUND ON BEHALF OF
POST HOLDINGS INC.
BE IT RESOLVED that the City of Lakeville act as the legal sponsor for project(s) contained in the
Business and Community Development Application to be submitted on August 10, 2015 and that the
Mayor and City Clerk are hereby authorized to apply to the Department of Employment and Economic
Development for funding of this project on behalf of City of Lakeville.
BE IT FURTHER RESOLVED that the City of Lakeville 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 Lakeville has not incurred any costs and has not entered
into any written agreements to purchase property.
BE IT FURTHER RESOLVED that the City of Lakeville has not violated any Federal, State, or local laws
pertaining to fraud, bribery, 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 Lakeville
may enter into an agreement with the State of Minnesota for the above -referenced project, and that the
City of Lakeville certifies that it will comply with all applicable laws and regulations as stated in all
contract agreements and described on the Compliance Section (S-7) of the Business and Community
Development Application.
AS APPLICABLE, BE IT FURTHER RESOLVED that the City of Lakeville has obtained credit reports
and credit information from Post Holdings Inc. Upon review by The City of Lakeville and the City's
financial advisor, no adverse findings or concerns regarding, but not limited to, tax liens, judgments,
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 Mayor and City Clerk, or their successors in office, are
hereby authorized to execute such agreements, and amendments thereto, as are necessary to implement
the project(s) on behalf of the applicant.
Dated this 3`d day of August, 2015
Charlene Friedges, City
CITY OF LAKEVILLE
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Ma Little, Nfayor