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General Obligation Bond Proceeds <br />Grant Agreement — End Grant <br />for the <br />City of New Brighton Wye Project <br />under the <br />Rail Service Improvement Program <br />THIS AGREEMENT shall be effective as of y i, and is between <br />the City of New Brighton, a Minnesota political corporatio- "'Public Entity"), and the <br />Minnesota Department of Transportation (the "State Entity")..,.;>;,. <br />RECITALS <br />A. The State Entity has created '' `' <br />operating a it Sere Improvement <br />Program (the "State Program") under the author ted bytinn. Stats §§ 6 to 222.54 <br />and all rules related to such legislation (the "State am E w'..,e Leeislation" 1`Vr <br />B. Under the State Program <br />kthe State Ent <br />funded with proceeds of state general gWW bonds <br />§ 5(i) of the Minnesota Constitution. x... <br />C. Under the <br />those functions <br />D. The ,tic Entity <br />in which the Public y reque§ <br />used for the purposes d&ti�a{ <br />IV. <br />g&`�:-a.. x.�.r: <br />k The Publjntit} <br />and f'` late Entity t <br />Dollars 00,000) (the gra <br />perform th `' unctions and $iv <br />ized to provide grants that are <br />to be issued under Article XI, <br />use such funds to perform <br />f, if 611 cable, a grant application to the State Entity <br />from t tate Program the proceeds of which will be <br />1cation as depicted on Attachments III and <br />applied to and been selected by the Minnesota Legislature <br />,i;unt from the State Program in an amount of One Million <br />Stant"), the proceeds must be used by the Public Entity to <br />imposed by the State Entity under the State Program. <br />F.r the isions contained in Minn. Stats. §§ 412.211; 412.221, Subd. 2; <br />412.221, Subd. 6; 40114=469.134; 222.51; and Minnesota Laws 2005, Chapter 20, Article 1, <br />Section 18, Subd. 6, t` Public Entity has been given the authority to perform those functions <br />and activities required of it under the State Program. <br />G. The Public Entity's receipt and use of the Program Grant to improve real property <br />(the "Real Property") and structures situated thereon (the "Facility") are being financed under the <br />authority of Minnesota Constitution, Article XI, § 5(i). <br />329826v5 CLL NE136-201 I <br />