4.5. SR 07-09-2012 - Laserfiche WebLink

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T. It will supply, or cause to be supplied, whatever funds are needed above and beyond the amount of the Program Grant to complete and frilly pay for the Project. U. The Constn~ction Items will be completed substantially in accordance with the Constnlction Contract Documents by the Completion Date, and all such items along with, if applicable, the Facility will be situated entirely on the Real Property. V. It will require the Contractor or Contractors to comply with all n~les, regulations, ordinances, and laws bearing on its performance under the Construction Contract Documents. W. It has or will promptly record a fully executed Declaration with the appropriate governmental office and deliver a copy thereof to DEED and to Minnesota Management and Budget (attention: Capital Projects Manager) that contains all of the recording information. X. It shall furnish such satisfactory evidence regarding the representations and warranties described herein as may be required and requested by either DEED or the Commissioner of M1VIB. Section 2.06 Ownership by Leasehold or Easement. This Section shall only aRply if the Public Entity's ownership interest in the Real Property, the Facility, if applicable, or both is by ~~~ay of a Real Propertv:'Facility Lease or an easement. For all other circrrnrstances this Section is r~rot r~reeded and should be ignored ar~rd treated as if it ~~~ere Ieft blank, ar~rd anX reference to this Section irr this A,greeurent shall be ignored acrd treated as if the reference did not exist. A. A Real Property/Facility Lease or easement must comply with the following provisions. 1. It must be in form and contents acceptable to the Commissioner of MMB, and specifically state that it may not be modified, restated, amended, changed in any way, or prematurely terminated or cancelled without the prior written consent and authorization by the Commissioner of MMB. 2. It must be for a term that is equal to or greater than 125% of the Useful Life of the Real Property and, if applicable, Facility, or such other period of time specifically authorized by a Minnesota statute, rule or session law. 3. Any payments to be made under it by the Public Entity, whether designated as rent or in any other manner, must be by way of a single lump sum payment that is due and payable on the date that it is first made and entered into. 4. It must not contain any requirements or obligations of the Public Entity that if not complied with could result in a termination thereof. DEED Greater MN Business Development Public Infrastructure Program 1 ~ Ver - 2/16/10 Grant Agreement for Construction Grants (DEED GO GA- Cnstrctn Grnt)