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HomeMy WebLinkAbout15-04CITY OF LAKEVILLE HOUSING AND REDEVELOPMENT AUTHORITY DAKOTA COUNTY, MINNESOTA RESOLUTION NO. 15-04 RESOLUTION AUTHORIZING AN APPLICATION TO THE DEPARTMENT OF EMPLOYMENT AND ECONOMIC DEVELOPMENT FOR MINNESTOA INVESTMENT FUND ON BEHALF OF SSB MANUFACTURING COMPANY. BE IT RESOLVED that the City of Lakeville Housing and Redevelopment Authority (HRA) act as the legal sponsor for the project contained in the Business and Community Development Application to be submitted on September 9, 2015 and that the Chair and Secretary are hereby authorized to apply to the Department of Employment and Economic Development for funding of this project on behalf of City of Lakeville HRA. BE IT FURTHER RESOLVED that the City of Lakeville HRA 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 HRA 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 HRA 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 HRA may enter into an agreement with the State of Minnesota for the above -referenced project, and that the City of Lakeville HRA 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 HRA has obtained credit reports and credit information for SSB Manufacturing Company. Upon review by The City of Lakeville HRA, 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 Chair and Secretary, or their successors in office, are hereby authorized to execute such agreements and amendments thereto as are necessary to implement the above referenced project on behalf of the City of Lakeville HRA. Dated this 81 day of September, 2015 CITY OF LAKEVILLE Douglas . Anderson, Chair AT Bart Davis, Secretary