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CITY OF NEW BRIGHTON <br />COUNTY OF RAMSEY <br />STATE OF MINNESOTA <br />RESOLUTION NO. 14.051 <br />AUTHORIZING <br />for <br />wa <br />au1 <br />co <br />Ec <br />$z <br />BE <br />A <br />DE <br />Mtl <br />WH <br />sys <br />Bric <br />FURTHER RESOLVED that City has the legal authority to apply for financial <br />, the City of New Brighton ("City") has been in negotiations with Cardiovascular <br />ENT OF EMPLOYMENT <br />ESOTA TNVESTMENT FUND (MtF) FOR A LOAN TO <br />APPLICATION TO <br />AND ECONOMIC <br />THE MINNESOTA <br />DEVELOPMENT'S <br />CARDIOVASCULAR <br />, lNc. <br />lnc. ("CSl") for an office expansion project (the "Project") in the City's New <br />Exchange redevelopment area; and <br />WH REAS, as part of the Project, CSI is requesting that the City cooperate with the <br />ny to secure assistance from the Minnesota Department of Employment and <br />mic Development's Minnesota lnvestment Fund (MlF) for a loan in the amount of <br />000. <br />THEREFORE, BE lT RESOLVED that the City intends to act as the legal sponsor <br />Project contained in the Business and Community Development Application that <br />bmitted on May 29,2014 and that the Mayor and City Manager are hereby <br />zed to apply to the Department of Employment and Economic Development for <br />of the Project on behalf of the City and CSl. <br />assi , and the institutional, managerial, and financial capability to ensure adequate <br />con , operation, maintenance and replacement of the proposed project for its <br />BE <br />into <br />B <br />la <br />Ofl <br />BE <br />enl <br />and <br />all c <br />Cor <br />BE <br />has <br />E FURTHER RESOLVED that the City has not violated any Federal, State, or local <br />FURTHER RESOLVED that City has not incurred any costs and has not entered <br />ny written agreements to purchase property. <br />ining to fraud, bribery, kickbacks, collusion, conflict of interest or other unlawful <br />pt practice. <br />FURTHER RESOLVED that upon approval of its application by the state, City may <br />into an agreement with the State of Minnesota for the above-referenced project(s), <br />City certifies that it will comply with all applicable laws a'nd regulations as stated in <br />tract agreements and described on the Compliance Section of the Business and <br />ity Development Application. <br />FURTHER RESOLVED that Ehler's, lnc. ("Ehlers"), the City's public finance advisor, <br />life. <br />ined credit reports and credit information from Dunn & Bradstreet regarding the