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RESOLUTION #08,, —027 <br />RESOLUTION OF THE CITY OF ELK RIVER ADOPTING ECONOMIC <br />DEVELOPMENT PROGRAM <br />WHEREAS, the City of Elk River act as the leo sponsor for project coned In the <br />sl es s and Comity Development Application to be submitted on a l ro ' tely App <br />28, 2008 and that Mayor and Director of conor c Development are hereby authorized to <br />apply to the Department of Employment and ono 'c Development for ceding of this <br />project on behalf of S ortec ,sac.; and <br />WHEREAS, the City of River has the lei authority to apply for f.a cial assistance, <br />and the sfitudo aL manage al, and financial capability to ensure adequate construction, <br />operation, a. terra ce and replacement of the proposed project for its desk Efe; and <br />'HESS, the City o River has not incu=ed any costs and has not entered l to any <br />written agreements to purchase property; aad <br />WHEREAS, the City of Elk River has not violated any Federal, State, or local laws <br />pertammg to fraud, bxl ery, ldckbacks, collusion, conflict of interest or other unlawful or <br />corrupt practice; and <br />WHEREAS, upon approval of its application by the state, the City of Elk River, may enter <br />into an agreement with the Mate of Minnesota for the above-referenced project, and that the <br />City of l River cedes that it will comply with all applicable lags and regulations as stated <br />a . contract agreements and described on the Comp ce Certification of the Business <br />and Com riu ity Development A hcatio ; and <br />WHEREAS, that the City of l River has obtained credit reports and credit ornaatto <br />from S ortech, Inc. and Chr%sto her and Debra Carlson. Upon review by the City of Elk <br />River and Gray, Plant Mooty, no adverse findings or concerns receding, but not meted to, <br />tax hens, judgments, comet actions, and cgs with state, federal and ogler regulatory <br />agencies were identified. Faflure to disclose any such adverse in 'o=.ation could result in <br />revocation or other le d action. <br />NOW THEREFORE, BE IT SOLVED by the City Council of the City of Elk River <br />by the Director of Economi Development, or their successors in office,, ,ce, are hereby <br />a thor ed to execrate such agreements, and amendments thereto, as are necessary to <br />implement ent the project on behalf of the applicant. <br />Passed and adopted by the City Count of the City of River this 21st day of App 20. <br />ATTEST. <br />Tina Allard, City Cler <br />4` <br />eV <br />Ste h6e � g,jWor <br />