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CR 2013-045 Metropolitan Council Tax Base Revitalization Account Gront Sub-Recipient Agreement for Lutheran Digest SiteAmip_ City of Hopkins May 14, 2013 Council Report 2013-045 METROPOLITAN COUNCIL TAX BASE REVITALIZATION ACCOUNT GRANT SUB -RECIPIENT AGREEMENT FOR LUTHERAN DIGEST SITE Proposed Action Staff recommends approval of the following motion: approve execution of sub -recipient agreement with Klodt Development for environmental clean-up funds for the former Lutheran Digest site. Overview The Livable Communities Act (LCA) Tax -Base Revitalization Account (TBRA) funds the clean- up of polluted land for redevelopment. It focuses on projects that create jobs and revitalize communities. In 2012 round three of TBRA grants the City of Hopkins was awarded $15,000 toward the clean-up of the vacant Lutheran Digest site as a part of the Gallery Flats development. The funds are specifically for soil remediation (including buried asbestos) and asbestos abatement on the former Luther Digest building site. The sub -recipient agreement primarily addresses the roles and responsibilities of each party in the distribution of the grant funds. Primary Issue to Consider • What does the sub -recipient agreement consist of? Supporting Information • Sub -recipient Agreement Stacy Unowsky Public Housing Manager Financial Impact: $ 0 Budgeted: Y/N Source: _PIR fund (501) Related Documents (CIP, ERP, etc.): Notes: Council Report 2013-045 Page 2 Analysis of Issues What does the sub -recipient agreement consist of? The agreement holds the redeveloper accountable for meeting all the requirements of the grant agreement, including the following: • Development of 163 residential rental units and ground level retail/restaurant space • Creation of 14 FTEs • Addition of $287,620 in net tax capacity It also contains requirements that further protect the City, including insurance requirements and the right to demand the return of the grant funds if conditions are not met. Alternatives The Council has the following alternatives: • Approve execution of the sub -recipient agreement. • Deny execution of the sub -recipient agreement and relinquish TBRA funds for the former Lutheran Digest site. SUB -RECIPIENT AGREEMENT THIS AGREEMENT, made on or as of the day of , 2013, by and between the City of Hopkins, a home rule charter city under the laws of the State of Minnesota (hereinafter referred to as the "City"), having its principal office at 1010 First Street South, Hopkins, Minnesota 55343, and Klodt Development, LLC (hereinafter referred to as the "Redeveloper"), having its principal office at 50 Groveland Terrace, Suite A, Minneapolis, Minnesota, 55403. RECITALS: A. The Redeveloper is in the process of developing the Gallery Flats Multi -Family Housing Development located at 31 — 9t' Avenue South and 815 First Street South within the City (the "Redevelopment Property"). B. The Redeveloper's redevelopment of the Redevelopment Property will require and include the investigation, assessment, removal, abatement, handling, relocation and disposal of contaminated soils, asbestos and other hazardous materials located on the Redevelopment Property. C. At the request of the Redeveloper, the City applied for grant funds from the Tax Base Revitalization Account . of the Contamination Cleanup Grant Program administered by the MetropolitanCouncil ("Council") to provide funding for soil remediation (including remediation of buried asbestos) and asbestos abatement from the Lutheran Digest building formerly located on the Redevelopment Properly (which soil remediation and asbestos. abatement work are referred herein as the "Work"). D. Pursuant to an Application to the Council (the "Application"), the City has been awarded a Tax Base Revitalization Account Grant, Grant No. SG012-148 (the "Grant") in the amount of $15,000.00, .which Grant will be disbursed by the Council to the City pursuant to the terms and conditions of the Tax Base Revitalization Account Grant Agreement attached hereto as Exhibit A (the "Grant Agreement"). A copy of the Application is attached to. the Grant Agreement. E. . The Redeveloper has agreed to pay any amount by which the cost of the Work exceeds the Grant. F. The parties desire to set forth in writing their agreement as to the disbursement of the Grant from the City to the Redeveloper. c:\Hopciv\SubRecipient AgmtKlodOevelopment5.9.13 NOW, THEREFORE, in consideration of the foregoing Recitals and the mutual representations, warranties, covenants and agreements contained herein and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows: 1. Accuracy of Recitals. The parties agree that the above Recitals are true and accurate and are incorporated in and made a part of this Agreement. 2. Disbursement of Grant Funds. If and to the extent that the City receives funds pursuant to the Grant Agreement, the City shall timely disburse them to or for the benefit of the Redeveloper solely for the uses and purposes for which such funds were disbursed by the Council, subject to the terms and conditions of this Agreement and the Grant Agreement. The City makes no representation or warranty concerning the availability or sufficiency of the Grant. 3. Use of Funds. The Redeveloper shall use any and all funds disbursed to it hereunder solely to pay, or to reimburse itself for paying, the costs and expenses incurred by the Redeveloper. in connection with the Work and otherwise in accordance with and subject to the conditions imposed upon the City in the Grant Agreement. The Redeveloper shall take all steps necessary to assure such use of funds through its contracts with its contractors performing the Work. 4. The Redeveloper's Obligations. The Grant Agreement is incorporated in and made a part of this Agreement in its entirety. The Redeveloper does hereby assume and agree to perform and observe all of the covenants, obligations, agreements and conditions to be performed or observed by the City under the Grant Agreement. Without limiting the generality of the foregoing, the Redeveloper specifically agrees as follows: A. Redeveloper: i) is the fee owner of all tracts or parcels of land comprising the Redevelopment Property on which the Work is to be perfonned; or ii) has entered into Purchase Agreements or Option Agreements by which Redeveloper is entitled to acquire fee title to all parcels comprising the Redevelopment Property on which the Work is to be performed. Redeveloper has obtained irrevocable written approval for the performance of the Work from all owners of parcels that Redeveloper has not yet acquired fee title to, and Redeveloper has the legal right to perform the Work on the Redevelopment Property. Redeveloper shall deliver to the City evidence acceptable to the City of Redeveloper's acquisitions of fee title to the Redevelopment Property or copies of all Purchase Agreements and Option Agreements for parcels comprising the Redevelopment Property to which Developer has not yet acquired fee title together with the Owner's approvals for performance of the Work. 2 r:\Hopciv\SubRedpient Amnt.Klod0eve1opment.5.9.13 B. The Redeveloper shall expeditiously and diligently commence and pursue the Work within the time frames specified in the Application and Grant Agreement. The Redeveloper shall immediately notify the City in the event of any change in the prospects for the timely completion of the Work. C. All contracts for performance of the Work shall comply with the provisions of the Grant Agreement and, specifically, Section 6.06 thereof. The Redeveloper shall perform the Work, and shall include in any contract for performance of any part of the Work provisions requiring the contractor to perform such part of the Work My in compliance with the terms and conditions of the Grant Agreement and in a good and workmanlike manner and in accordance with applicable state and federal laws and regulations, including, without limitation, applicable MPCA regulations and requirements and applicable OSHA regulations, including the federal Hazardous Waste Operations and Emergency Response Standards (29 CFR 1910.120 and 29 CFR 1926.65). D. In the event that the Council, pursuant to the provisions of the Grant Agreement or otherwise, demands return of Grant funds already disbursed, the Redeveloper shall, within ten (10) days of demand by the City, pay the City the amount demanded by the Council. E. The Redeveloper shall comply with all accounting, reporting, record keeping and audit requirements of the Grant Agreement and maintain accurate and complete books, accounts and records pertaining to the Work (including without limitation any independent audits of the Redeveloper required by the Grant Agreement) and permit .City, County and Minnesota State Auditor representatives and other parties designated in the Grant Agreement to have free access to and to inspect and copy all books, accounts, records and contracts relating to the Work and to discuss the same, as well as the progress and findings of the Work, with the Redeveloper's project managers at reasonable times and intervals. The Redeveloper shall retain such materials and such access and rights shall be in force and effect during the period of the Grant Agreement and for six (6) years after its termination or cancellation or such longer period of time as may be required by the Grant Agreement. Upon request, Redeveloper shall deliver to the City accurate and complete copies of all books, accounts, records, contracts and other documents related to the Work and required to be maintained pursuant to this Agreement and the Grant Agreement.. The documents to be delivered to the City shall include, but are not limited to, all results of tests and inspections performed as part of the Work and all reports, summaries and assessments related to or describing the Work or results thereof. All documents delivered to the City pursuant to this Agreement shall be public information, and may be retained by the City. F. The Redeveloper shall prepare and timely submit to the City and Council all reports on grant fund distribution and Work progress as required by the Grant Agreement. The City shall not be obligated to make applications for disbursement to the rAHopciv4SubRecipient Agnt.KlodtDevelopment.5.9.13 Council under the Grant Agreement until and unless the Redeveloper has provided all required documents and information to the City. G. The City's authorization of the submission of the Application to the Council and the City's approval and execution of the Grant Agreement was done in reliance upon and conditioned on the understanding that the City would not incur any financial obligations and that the Redeveloper would be responsible for the payment of all cost of the Work in excess of the Grant, including, without limitation, any required local contribution or local match required under the Grant Agreement or any other agreement, application or program related to the Work or the Redeveloper's activities on the Redevelopment Property. If the City is required to actually pay any amount in connection with the.Grant or the performance of the Work, the Redeveloper shall within ten (10) days after request by the City, and as a condition of the City's payment of such amounts, pay or reimburse the City for such amounts. H. The Redeveloper shall provide all certifications at the times the same are required to be provided under the Grant Agreement. 1. The Redeveloper agrees at all times during the term of this Agreement and for two. (2) years after the tennination hereof, to have and keep in force, and to require its contractors and subcontractors to have and keep in force, the following insurance coverage: 1. Commercial General Liability on an occurrence basis with Contractual Liability Coverage: Limits General Aggregate $1,000,000 Personal and Advertising Injury $1,000,000 Each Occurrence — Combined Bodily Injury and Property Damage $1,000,000 2. Automobile Liability — Combined single limit each occurrence for $1,000,000 bodily injury and property damage covering owned, non -owned, and hired automobiles. 3. Workers' Compensation and Employer's Liability: a. Workers' Compensation Statutory If the contractor is based outside the State of Minnesota, coverage must apply to Minnesota laws. b. Employer's Liability. Bodily Injury by: Accident — Each accident $100,000 4 caHop6v\SubRecipient Agnt.KlodtDevielopment5.9.13 Disease — Policy Limit $500,000 Disease — Each Employee $100,000 4. Professional Liability — Per Claim and Aggregate $1,000,000 The Redeveloper and any contractor or subcontractor performing any of the Work under this Agreement shall furnish certificates of insurance to the City for the insurance coverages listed above, and provide updated certificates as coverage expires. Neither the Redeveloper nor any contractor or subcontractor shall commence the Work until the Redeveloper and any contractor or subcontractor has obtained ,the required proof of insurance which clearly evidences required insurance coverage. The Redeveloper shall otherwise comply with any requirements of the Grant Agreement related to insurance and provide all insurance policies and coverages required thereby, all without cost to the City. The foregoing insurance coverages and requirements may be satisfied by the Redeveloper or the Redeveloper's contractors purchasing and maintaining in effect insurance policies and coverages complying with the requirements stated in this Paragraph 4. By entering into this Agreement, the City does not waive any statutory, common law or other immunities or limitations on the City's liability and the City specifically reserves all such immunities and limitations of liability. J. The Redeveloper shall include in any contract, .provisions that require its contractors to comply with all applicable state and federal laws and regulations regarding employment and workplace safety. In accordance with the .City's policies against discrimination, no person shall be excluded from full employment rights or participation in or. the benefits of any program, service, or activity on the grounds of race, color, creed, religion, age, sex, disability, marital status, sexual orientation, public assistance status, or national. origin; and: no person who is protected by applicable Federal or State laws, rules, or regulations against . discrimination shall be otherwise subjected to discrimination. 5. Disbursement Procedures. A. The Redeveloper shall prepare and submit to the City periodic payment requests for the costs and expenses of the Work in the form required by the Council, the City and the Grant Agreement, and the City shall forward the same to the Council in the manner and upon the schedule set forth in the Grant Agreement. The Redeveloper shall submit such other documentation as the City or Council may require relative to costs of the Work. 5 rAHopcivlsubRecipient Agnt.ModOevelopment.5.9.13 B. Payment requests may be submitted no more than monthly and shall be submitted on or before the first day of the month. C. Upon the City's receipt of funds from the Council, the City shall forward the same to the Redeveloper or the contractor designated by the Redeveloper, provided (i) the Redeveloper is not in default hereunder and (ii) there has not occurred any change which, in the reasonable judgment of the City, materially adversely affects the prospects for the timely completion of the Work, as adjusted for any delay in obtaining City approvals. 6. Indemnitv. The Redeveloper hereby releases and agrees to protect, indemnify, defend and hold harmless the City, the Council and their respective officials, directors, officers, employees and agents, and their respective heirs, successors and assigns (collectively, the "Indemnified Parties") from and against anv and all claims, demands, judgments, penalties, liabilities, costs, damages, liens and expenses ("Liabilities'), directly or indirectly incurred by any .of the Indemnified Parties, arising from the subject matter of this Agreement, the Redeveloper's default under this Agreement andi'or the performance or nonperformance of the Work. The Redeveloper specifically agrees that the Indemnified Parties shall have no responsibility for, and the foregoing indemnity shall cover, Liabilities arising under environmental laws and regulations related to the Work. The Redeveloper further acknowledges and agrees that the foregoing agreement to indemnify, defend and hold the City harmless shall include indemnification against any Liabilities of the City arising under the Grant Agreement. The Redeveloper further agrees to keep the Redevelopment Property free from any Liabilities arising out of or related to the performance of the Work, including any liabilities related top ayment for the cost of the Work or breach of any obligations of the Redeveloper under this Agreement. 7. Independent Contractor. The Redeveloper shall select the means, method, and manner of performing the Work. Nothing is intended or should be construed in any manner as creating or establishing the relationship of partners or joint venturers between the City and the Redeveloper or as constituting the Redeveloper as the agent, representative, or employee of the City for any purpose or in any manner whatsoever. The Redeveloper is to be and shall remain an independent contractor with respect to all services and activities described in this Agreement. Any and all_personnel of the Redeveloper or other persons while engaged in the performance of any work or services required by the Redeveloper under this Agreement shall not be deemed to Have any contractual relationship with the City and shall not be considered employees of the City by virtue of this Agreement. Any and all claims related to the Work that may or might arise under the Minnesota Economic Security Law or the Workers' Compensation Act of theStateof Minnesota on behalf of said personnel, arising out of employment or alleged employment including without limitation, claims of discrimination against the Redeveloper, its officers, agents, contractors, or employees shall in no way be the responsibility of the City. The Redeveloper shall defend, indemnify and hold harmless the City, its officials, officers, agents, 6 cAHopeivlsubRe6pient Agmt.KlodOeve[opment.5.9.13 and employees from any and all such claims. Such personnel or other persons shall neither require nor be entitled to any compensation, rights, or benefits of any kind whatsoever from the City, including, without limitation, tenure rights, medical and hospital care, sick leave, Workers' Compensation, Re-employment Compensation, disability, severance pay, and retirement benefits. 8. Costs and Exlpenses. The Redeveloper agrees to reimburse the City within fourteen (14) days of demand by the City for all reasonable out-of-pocket expenses paid or incurred by the City (including costs and fees and expenses of the City's attorneys at the rate of $250.00 per hour) in connection with the negotiation, preparation, approval, review, execution, delivery, amendment, modification, interpretation, collection and enforcement of this Agreement, the Grant Agreement or any amendments thereto. The obligation of the Redeveloper under this paragraph shall survive any termination of this Agreement. 9. Termination; Default; Remedies. This Agreement shall terminate if the Grant Agreement is terminated in accordance with its terms and conditions. However, the provisions of paragraph 6 of this Agreement and any other provision of this Agreement which, by its terms, impliedly or explicitly, is to survive the termination of this Agreement shall survive and be enforceable after such termination. If the Redeveloper should default under this Agreement, then in addition to any and all other rights and remedies available to the City under law, the City may suspend or terminate its obligation to forward funds received pursuant to the Grant Agreement to the Redeveloper; except that the Redeveloper shall be given an opportunity to cure as provided for in the Grant Agreement. 10. Notices. All notices, requests and other communications hereunder shall be in writing and shall be delivered personally or by first class United States mail (postage prepaid) addressed to the recipient at the below address, or at such other address as such party shall have specified to the other party hereto in writing. Notices shall be deemed duly delivered for all purposes at the time of personal delivery to the representative of the City or the Redeveloper named below or two business days after being deposited in the United States mail. The addresses for notices are as.follows: If to the City: City of Hopkins Attention: City Manager 1010 First Street South Hopkins, MN 55343 7 c:\Hopciv\SubRecipient AgmtYJodtDevelopment5.9.13 Copy to: Mr. Jeremy S. Steiner Steiner & Curtiss, P.A. 400 Wells Fargo Bank Building 1011 First Street South Hopkins, NLN 55343 If to the Redeveloper: Klodt Development, LLC 50 Groveland Terrace, Suite A Minneapolis, MN 55403 Atten: John Bell 10. Miscellaneous. . A. Governing Law. All matters relating to the interpretation, construction, validity and enforcement of this Agreement shall be governed by the laws of the State of Minnesota. B. Entire Agreement. This Agreement contains the entire agreement of the parties relating to the subject matter hereof and supersedes all prior agreements and understandings with respect to such subject matter, and the parties hereto have made no agreements, representations or warranties relating to the subject matter of this Agreement which are not set forth herein. C. Amendments. No amendment or modification of this Agreement shall be deemed effective unless made in writing and signed by the parties hereto. D. No Waiver. No term or condition of this Agreement shall be deemed to have been waived, nor shall there be any estoppel to enforce any provisions of this Agreement, except by a statement in writing signed by the party against whom enforcement of the waiver or estoppel is sought. Any written waiver shall not be deemed a continuing waiver unless specifically stated, shall operate only as to the specific terra or condition waived and shall not constitute a waiver of such term or condition for the future or as to any act other than that specifically waived. E. Assignment. This Agreement shall not be assignable, in whole or in part, by either party without the prior written consent of the other party. rAHopciv\SubRecipient Agrnt.KlodtDevelopment.5.9.13 F. Counterparts. This Agreement may be simultaneously executed in any number. of counterparts, and. such counterparts executed and delivered, each as an original, shall constitute but one and the same instrument. G. Severability. To the extent any provision of this Agreement shall be invalid or unenforceable, it shall be considered deleted herefrom and the remainder of such provision and of this Agreement shall be unaffected and shall continue in full force and effect. H. Exhibits; Captions and Headlines; Interpretation. Exhibits A hereto is incorporated herein by reference. The captions and paragraph headings herein are for convenience of reference only and shall not affect the construction or interpretation of this Agreement. Should any provision of this Agreement require judicial interpretation, it is agreed that the court interpreting or construing the same shall not apply a presumption that the terms hereof shall be more strictly construed against one. party by reason of the rule of construction that a document is to be construed more strictly against the party who itself or through its agent prepared the same, it being agreed that the agents of both parties have participated in the preparation hereof. I.. Binding Effect. This Agreement shall be binding on and inure to the benefit of the parties hereto and their respective successors and permitted assigns. . J. No Third -Party Beneficiaries. With the exception of the Council, there are no third party beneficiaries of this Agreement, intended or otherwise. IN WITNESS. WHEREOF, the parties hereto have executed this Agreement as of the day and year first above written. M REDEVELOPER: CITY: KLODT DEVELOPMENT, LLC CITY OF HOPEINS LM Its Its Its rAHopcivlSubRecipient AgintKIodtDevelopment.5.9.13 EXHIBIT A TAX BASE REVITALIZATION ACCOUTNT CONTAMINATION CLEANUP GRANT PROGAM GRANTEE: City of Hopkins GRAISTT NO. SGO12-145 PROJECT: Gallery Flats GRANT AMOUNT: S 15,000 1 Li' DING CYCLE: 2012 Round 3 COUNCIL ACTION: January 9, 2013 EXPIRATION DATE: December 31, 2015 METROPOLITAN LIVABLE COMMUNITIES ACT GRANT AGREENF-ENT TIHS GRANT AGREEMENT ("Agreement") is made and entered into by the Metropolitan Council (" Council") and the Municipality or Development Authority identified above as "Grantee." WHEREAS, Minnesota Statutes section 473.251 creates the Metropolitan Livable Communities Funic, the uses of which fund must be consistent with and promote the purposes of the Metropolitan Livable Communities Act ("LCA") and the policies of the Council's Metropolitan Development Guide; and NVMREAS,. Minnesota Statutes sections 473.251 and 473.252 establish within the Metropolitan Livable Communities Fund a Tax Base Revitalization Account and require the Council to use the funds in the account to make grants to Municipalities or Development Authorities for the cleanup of polluted land in the seven -county metropolitan area; and WHEREAS, the Grantee is a Municipality or a Development Authority as defined in Mirmesota Statutes section 473.252, subdivisions 1 and 1 a; and WHEREAS, the Grantee seeks funding in connection u-ith an application for Tax Base Revitalization Account funds submitted in response to the Council's notice of availability of grant funds.for the "Funding Cycle" identified above and will use the grant funds made available under this Agreement to help fund contamination cleanup activities associated with the "Project" identified in the application: and V#fMREAS, the Council awarded Tax Base Revitalization Account grant funds to the Grantee subject to any terms; conditions or clarifications stated in its Council Action, and with the understanding that the Project identified in the application will proceed to completion in a timely manner, all grant funds will be expended prior to the "Expiration Date" identified above, and Project development or -redevelopment construction will have "commenced" before the Expiration Date. NOW THEREFORE, in reliance on the above statements and in consideration of the mutual promises and covenants contained in this Agreement, the Grantee and the Council agree as follows: Page 1 of 12 Pages TAX BASE REVITALIZATION ACCOUNT CONTAMINATION CLEANU GRANTPROGAM I. DEFINITIONS 1.01. Definition of Terms. The terms defined in this section have the meanings given them in this section unless otherwise provided or indicated by the context. (a) Cleanup Costs or Costs "Cleanup Costs" or "Costs" means: (1) For hazardous waste or substance contamination, the cost of implementing a voluntary response action plan approved by the Minnesota Pollution Control Agency under Minnesota Statutes section 1158.175, subdivision 3. (2) For asbestos contamination, the cost of implementing a project -specific asbestos project plan for the Site and performing asbestos-related work which is carried out by contractors or subcontractors licensed or certified by the Commissioner of Health urider the Minnesota Asbestos Abatement Act, Minnesota Statutes sections 325.70 to 326.81, in accordance with rules prescribed by the Commissioner of Health related to asbestos abatement and asbestos management activity, and meeting the federal Asbestos Hazard Emergency Response Act ("AHER.A.") standards for asbestos. (3) For petroleum contamination, the cost of implementing a corrective action plann for the j Site approved by the Minnesota Pollution Control Agency. under Minnesota. Statutes chapter 1150. i (4) For lead abatement, the cost of lead abatement work performed by certified contractors consistent with all applicable federal and state laws, rules and standards governing lead abatement or regulated lead work on residential or commercial properties: (b) Commenced For the purposes of Sections 2.08 and 5.03, "commenced means significant physical iiiiproveinents have occurred in fintherance of the Project (e.g., a foundation is being constructed or other tangible work on a structure has been initiated), In the absence of significant physical improvements, visible staking, engineering, land surveying, soil testing, cleanup site investigation, or pollution cleanup activities are not evidence of Project commencement for the purposes of this Agreement. (c) Council Action. "Council Action" means the action or decision, of the governing body .of the Metropolitan Council, on the, meeting date identified at Page 1 of this Agreement, by which the Grantee -was awarded Tax Base Revitalization Account grant funds. (d) Development Authority. `.`Development Authority" means a statutory or Home rule charter city, a housing and redevelopment authority, an economic development authority, or a port. authority in the metropolitan area as defined by Minnesota Statutes section 473.121, subdivision 2: (e) Municipality. "Municipality" means a statutory or home rule ebarter city or town participating in the Local Housing Incentives Program; under Minnesota Statutes section 473.254, or a county in the metropolitan area as defined by Minnesota Statutes section 473.121, subdivision 2. Page 2 of 12 Pages 73- TAX BASE REVITALIZATION ACC"OUN T CONTAIVIINT ATIO CLEANUP GRANT PROGAM (f) Participating ll✓funicipality. "Participating Municipality" means a statutory or home rule charter city or toun that has elected to participate in the Local Housing Incentive Account program and negotiated affordable and life -cycle housing goals for the Municipality pursuant to Nfinfiesota Statutes section 473.254. (g) Project. Unless clearly indicated otherwise by the context of a specific provision of this Agreement, "Project" means the development or redevelopment project identified in the application for Tax Base Revitalization Account funds for which grant funds were requested. Grant -funded activities typically are components of the Project. (h.) Project Costs- "Project Costs" means all costs as defined in Minnesota Statutes section 116J.552, subdivision 7. (i) Site. "Site" means the polluted land proposed by the Grantee to be cleaned up and located both within the metropolitan area and within a Participating Municipality. II. GRANT FUNDS 2.01. Source of Funds. The funds made available to the Grantee under this Agreement are from the Tax Base Revitalization Account of the Metropolitan Livable Communities Fund. The grant funds are derived from the area -wide tax imposed under Minnesota Statutes chapter 473F and are riot from federal sources. 2.02. Total Grant Amount. The Council grant to the Grantee the "Grant Amount" 'identified at Page.1 of this Agreement. Notwithstanding any other provision of this Agreement, the Grantee understands and agrees that ary reduction or termination of Tax Base Revitalization Account funds made available to the Council may result in a like reduction in the Grant Amount made available to the Grantee. 2.03, Authorized Use of Grant bunds. The Grant Amount made available to the Grantee under this Agreement shall be used only for Cleanup Costs for the cleanup of the Site described in the application for Tax Base Revitalization Account funds. A Project Summary that identifies eligible uses of the, grant funds as approved by the Council is attached to and incorporated into this ..Agreement .as Attachment A. Grant funds must be used for cleanup of the Site which must be located in a Participating Municipality. If consistent with the application and subject to the limitations in Minnesota Statutes section 116J-556, the Grantee may use the grant nmds to provide a portion of the local match requirement for Project Costs that qualify for a grant under Minnesota Statutes sections 116J.551 to 116J.557. 2.04. Ineligible Uses. Grant funds must be used for costs directly associated with the specific proposed Project activities for which the grant funds were awarded and shall not be used for "soft costs" such as: administrative overhead; travel expenses; legal fees; insurance; bonds; permits, licenses or authorization fees; costs associated with preparing grant proposals or applications; operating expenses; planning costs, including comprehensive planning costs; and prorated lease and salary costs. Grant funds may not be used for costs of Project activities that occurred prior to the grant award, unless the pre -award costs were for: Page 3 of 12 Pages N TAX BASE REVITALIZATION ACCOUNT CONTANUNATION CLEANUP GRANT PROGAM (a) Site investigation work that occurred within 180 days of the Funding Cycle application due date and is identified as a grant -funded activity in Attachment A; or (b) Project cleanup activities that occurred within 180 days of the Funding Cycle application due date that were expressly approved by the Council Action and are identified in Attachment A. A detailed list of ineligible and eligible costs is available from the Council's Livable Communities program office. Grant funds also shall not be used by the Grantee or others to supplant or replace: (a) grant or loan funds obtained for the Project from other sources; or (b) Grantee contributions to the Project, including financial assistance, real property or other resources of the Grantee. The Council shall bear no responsibility_ for cost overruns which may be incurred by the Grantee or others in the implementation or performance of the grant -funded Project .activities. The Grantee agrees to comply with any "business subsidy" requirements of Minnesota Statutes sections 116.1.993 to 1161995 that apply to the Grantee's expenditures or uses of the grant funds. 2.0. Loans for Low -Income Housing Tax Credit Projects. if consistent withthe application and the Project activities described in Attachment A or if requested in writing by the Grantee, the Grantee may structure the grant assistance to the Project as a loan so the Project Owner can. take advantage of .federal and ,state low-income housing tax credit. programs. The Grantee may .use the grant fiords as a loan for a low-income housing, tax credit project, subject to the terms and conditions stated. in. Sections 2.03 and 2.04 and the following additional terms and conditions' (a) The Grantee covenants and represents to the Council that the: Project. is, a rental housing project that received or will receive an award of low-income housing tax credits under section 42 of the Internal Revenue Code of 1986, as amended, and the low-income housing tax credit program administered by the Minnesota Housing Finance Agency. (U) The Gi-antee will execute a loan agreement with the Project Owner. Prior to disbursing any grant. funds for the Project, the Grantee will provide to the Council a copy of the loan agreement between the Grantee and the Project Owner. (c) The Grantee will submit annual written reports to the Council that certify: (1) the grant funds continue to be used for the Project for which the grant fiords were awarded; and (2) the Project is a "qualified low-income housing project" under section 42 of the Internal Revenue Code of .1986, as amended. This annual reporting requirement is in addition to the reporting requirements stated in Section 3.03. Notwithstanding the Expiration Date identified at Page I of this Agreement and referenced in Section 5.01, the Grantee will submit the annual` certification reports. during the initial "compliance period" and any "extended :use period," or until such time as the Council terminates this annual reporting requirement by written notice to the Grantee. (d) The grant funds made available to the Grantee. and disbursed to the Project Owner by the Grantee in the form of a loan may be used only for the grant -eligible activities and Project components for which the Grantee was awarded the. grant funds. For the purposes of this Agreement, the term "Project Owner" means the current owner of the low-income housing project and any Project Owner successor(s). Page 4 of 12 Pages . U TAX. BASE REVITALIZATION ACICOUNT CONTAMINATION CLEANUP GRANT PROGAM (e) Pursuant to Section 2.04, the grant fiends made available to the Grantee and disbursed to the Project Owner in the form of a loan shall not be used by the Grantee, the Project Owner or others to supplant or replace: (1) grant or loan funds obtained for the Project from other sources; or (2) Grantee contributions to the Project, including financial assistance, real property or other resources of the Grantee. The Council will not crake the grant funds available to the Grantee in a lump sum payment, but will disburse the grant funds to the Grantee on a reimbursement basis pursuant to Section 2.10. (f) By executing this Agreement, the Grantee: (1) acknowledges that the Council expects the loan will be repaid so the grant funds may be used to help fund other activities consistent with the requirements of the Metropolitan Livable Communities Act; (2) covenants, represents and warrants to the Council that the Grantee's loan to the Project Owner will meet all applicable low-income housing tax credit program requirements under section 42 of the Internal Revenue Corte of 1986, as amended (the "Code"), and the low-income housing tax credit program administered by the Minnesota Housing finance Agency; and (3) agrees to administer its loan to the Project Owner consistent with federal and state Iow-income housing tax credit program requirements. (g) The Grantee will, at its own expense, use diligent efforts to recover loan proceeds: (1) :when the Project Owner becomes obligated to repay the Grantee's loan or defaults on the Grantee's loan; (2) when the initial thirty-year "compliance period" expires, unless the Council agrees in writing that the Grantee may make the grant fiends available as a loan to the Project Owner for an "extended use period"; and (3) if noncompliance with low-income housing tax credit program requirements or some other event triggers the Project Owner's repayment obligations under its loan agreement with the Grantee. The Grantee must repay to the Council all loan repayment amounts the Grantee receives from the Project Owner. The Grantee shall not be obligated to repay the grant funds to the Council except to the extent the Project Owner repays its loan to the Grantee, provided the Grantee has exercised the reasonable degree of diligence and used adniinistratiye and Iegal remedies a reasonable and prudent public housing agency would use to obtain payment on a loan, taking into consideration (if applicable) the subordinated nature of the .loan. At its discretion, the Council may: (1) permit the Grantee to use the loan repayznerit from the Project Owner to continue supporting affordable housing components of the Project; or (2) require the Grantee to remit the grant funds to the Council. (h) If the. Grantee earns any interest or other income from its loan agreement with the Project Owner, the Grantee will: (1) use the interest earnings or income only for the purposes of implementing the Project activities for which the grant was awarded; or (2) remit the interest earnings or income to the Council. The Grantee is not obligated to earn any interest or other income from its loan agreement with the Project Owner, except to the extent required by any applicable law. 2.46. Deferred Loans. If consistent with the application and the Project Summary, the Grantee itay use the.grant funds to make deferred loans (loans made without interest or periodic payments) for the purposes of implementing the Project activities described in Attachment A. The Grantee will submit annual 'written reports to the Council that report on the uses of the grant funds. The form and content of the report will be determined by the Council. This annual reporting Page 5 o)'12 Pages TAX BASE REVITALIZATION ACCOUNT CONTAMINATION CLEANUP GRANT PROGAM. requirement is in addition to the reporting requirements stated in Section 3.03. Notwithstanding the Expiration Date identified at Page 1 of this Agreement and referenced in Section 5.01, the Grantee will submit the annual reports until the deferred loan is repaid, or until such time as the Council terminates this annual reporting requirement by written notice from the Council. At its discretion, the Council may: (a) permit the Grantee to use loan repayments to continue supporting affordable housing components of the Project; or (b) require the Grantee to remit the grant fiords to the Council. 2.07. Restrictions on Loans by Subgrantees. The Grantee shall not permit any subgrantee or subrecipient to use the grant funds for loans to any subrecipient at any tier unless the Grantee obtains the prior written consent of the Council. The requirements of this Section 2.07 shall be included in all subgrants. 2.08. Project Commencement and Changes_ The Project for which grant funds were requested must be. `.`cornmenced" .prior to the Expiration Date. The Grantee must promptly inform time Council in writing of any significant changes to the Project for which the grant funds were awarded, as well as any potential changes to giant -funded activities described in Attachment A. Failure to inform the Council of any significant changes to the Project or significant changes to grant -funded components of the Project, anduse of, grant funds for ineligible or unauthorized purposes, will jeopardize the Grantee's, eligibility for future LCA awards. Grant funds. will not be disbursed prior to Council approval of significant changes to either the Project or grant -funded activities described in Attachment A. 2.09. Loss .of Grant Funds. The Grantee agrees to remit to the Council in a prompt mariner: any unspent, .grant funds, including any grant finds that are not expended prior to the Expiration Date identified at Page 1 of this Agreement; any grant funds that are not used for the authorized purposes;, and any interest earnings described in Section 2.11 that are not used for the purposes of implementing the grant -funded Project activities described in Attachment A. For the purposes of this Agreement,grant funds are "expended" prior to the Expiration. Date if the Grantee pays or is obligated to pay for expenses of eligible grant -funded Project activities that occurred prior to the Expiration Date -and the eligible expenses were incurred prior to the Expiration Date. Unspent or unusedgrant funds and other funds remitted to the Council shall revert to the Council's Tax Base Revitalization Account for distribution through application processes in future Funding Cycles or as otherwise permitted by law. . 2.10. Payment Request Forms andDisbursements. The Council will disburse grant funds in response to written payment requests submitted by the Grantee and reviewed and approved by the Council's authorized agent. Written payment requests shall be made using payment request forms, the form and content of which will be determined. by the. Council. Payment request and other reporting forms will be provided to the Grantee by the Council.. The Council will disburse grant funds on a reimbursement basis or a "cost incurred" basis. The Grantee must provide with its written payment requests documentation that shows grant -funded Project activities actually have .been completed. Subject to verification of each payment request form (and its documentation) and approval for consistency with this Agreement, the Council will disburse a requested amount to the Grantee within two (2) weeks after receipt of a properly completed and verified payment request form. Page 6 of 12 Pages TAX BASE REVITALIZATION ACCOUNT CONTAMINATION CLEAN-UP GRANT PRGGAIT 2.11.. Interest Earnings. If the Grantee earns any interest or other income from the grant funds received from the Council under this Agreement;, the Grantee «,rill use the interest earnings or income only for the purposes of implementine the Project activities described in Attachment A. 2.12. Effect of Grant. Issuance of this grant neither implies any Council responsibility for the contamination at the Site nor imposes any obligation on the Council to participate in the cleanup of the Site contamination or in the Cleanup Costs beyond the Grant Amount of this Agreement. By awarding grant funds to the Grantee for the Project and executing this Agreement, the Council assumes no responsibility for: (a) any damage to persons, property, or the environment caused by Site cleanup activities or implementation of the Project; or (b) determining whether intended uses of the Site identified in the grant application or potential future uses of the Site, including any residential uses, are suitable for the Site. III. ACC0UNTni'G, AL -DIT ANN RE P0RT REQJII E.TNIE vTS 3.01._ Accounting and records. The Grantee agrees to establish and maintain accurate and complete accounts and records relating to the receipt and expenditure of all grant funds received from the Council. Notwithstanding the expiration and termination provisions of Sections 5.01 and 5.02, such accounts and records shall be kept and maintained by the Grantee for a period of six (6) years following the completion of the grant -funded Project activities described in Attachment A or six.(6) years following the expenditure of the grant funds, whichever occurs earlier. Accounting methods shall be in accordance with generally accepted accounting principles. 3.02. Audits. The above accounts and records of the Grantee shall be audited in the same manner as all other accounts and records of the Grantee are audited and may be audited or inspected on the viduals or organizations designated and authorized by the Crrantee's premises or otherwise by indi Council at any time, following reasonable notification to the Grantee, for a period of six (6) years following the completion of the grant -funded Project activities or six (6) years following the expenditure of the grant funds, whichever occurs earlier. Pursuant to Minnesota Statutes section 16C.05, subdivision 5, the books, records, documents and accounting procedures and practices of the Grantee that are relevant to this Agreement are subject to examination by the Council and either thea egislative-Auditor or the State Auditor, as appropriate, for a minimum of six (6) years. 3.03. Report Requirements. The Grantee will report to the Council on the status of the grant- fumded Project activities described in Attachment A and the expenditures of the grant funds. Submission of properly completed payment request forms (with proper documentation) required under Section 2.10 will constitute periodic status reports. However, if the Grantee has not submitted any payment request forms during the first three months of the term of this Agreement, the Grantee must submit quarterly reports prior to the Grantee's first draw request The Grantee also must complete and submit to the Council a grant activity closeout report. The closeout report form must be submitted within 120 days after the expiration or termination of this Agreement. Within 120 days after the Expiration Date, the Grantee must complete and submit to the Council a certification of expenditures of funds form signed by the Grantee's chief financial officer or finance director. The form and content of the closeout report and certification form will be determined by the Council. In addition to the periodic status reports, the grant activity closeout report, and the certification form, the Grantee must submit to the Council by April 15 of the year following the expiration of this Agreement and by April 15 of each of the succeeding three (3) years, an annual Page 7 of 12 Pages TAX BASE REVITALIZATION ACCOUNT CONTAMINATION CLEANUP GRANT PROGAM written report that includes information about redevelopment activities, net- tax capacity of the Site, and jobs resulting from Site cleanup. The form and content of the annual written report will be determined by the Council. The reporting requirements of Sections 3.03 and 3.04 shall survive the expiration or termination of this Agreement. 3.04. Certificate of Completion. Upon completion of the Site cleanup, the Grantee will provide to the Council: (a) For hazardous waste or substance contamination, a copy of a certificate of completion for the Site issued by the Minnesota Pollution Control Agency pursuant to Minnesota Statutes section 1 ISB.17.5, or a letter from the Agency indicating that the approved voluntary response action plan for the Site has been implemented to the satisfaction of the. Agency and that the Agency is issuing a determination that no further action is required under Minnesota Statutes sections 115B.01 to 11513.08 to address the identified release; or (b) For asbestos contamination, either: (1) a copy of a staternent from the Grantee's licensed asbestos abatement contractor that the project -specific asbestos project plan and asbestos-related world for the Site have been completed in accordance with the rules of the Minnesota Department of Health; or (2) a final asbestos abatement implementation report that shows the project specific, asbestos project plan and asbestos-related work for the Site have been coni pleted in accordance with the rules of the Minnesota Department of Health; or (c) For. petroleum contamination, a copy of a site closure _letter issued by .the Minnesota Pollution Control Agency pursuant to Minnesota Statutes chapter 115C; or (d) For lead abatement or. regulated lead work: (1) a copy of. the contractor fmn certification to conduct lead-based paint: activities in.residential or child -occupied facilities per.Code of Federal Regulations, .Title 40, :section 745.89 and Minnesota Statutes .section 144.9505; and (2) a statement or. other documentation from the certified contractor that the lead abatement. or regulated work at the Site has been completed in accordance with applicable provisions of Code of Federal Regulations, Title 40, part 745 and state laws, rules andstandards governing lead abatement according to the Lead Poisoning Prevention Act, Minnesota Statutes. sections 144.950.1 to.144,9512 and MinnesotaRules parts 4761.2000 to 4761.2700. N. RECOVERY AND REPAYM ENT 4.01. Recovery of Funds. If the Grantee recovers funds pursuant to an action under Minnesota Statutes section 1158.04, or other law, to recover the reasonable and necessary Project Costs incurred to clean up the Site, the Grantee shall repay to the Council that portion of the grant as provided in Section 4:04. 4.02. Assignment of Rights. Upon request of the Council, the Grantee shall assign to the Council the Grantee's right to recover the funds described in Section 4.01, shall prepare and submit a certification of the Project Costs incurred, and shall cooperate in any cost recovery action brought by the Council. Page 8 of 12 Pages 0 TAX BASE REVITALIZATION ACCOT CONTAMINATION CLEA1 U -P GRANT PROD M 4.03. Expenses of Recovery. The reasonable litigation expenses or other costs of legal or technical assistance incurred by the Grantee, the Council, or both, may be deducted from recovery obtained in accordance with Sections 4.01 or 4.02 and reimbursed to the entity incurring such costs before proceeds of the recovery are distributed in accordance with Section 4.04. 4.04. Reimbursement. Subject to the deduction provided in Section 4.03, amounts recovered either by the Grantee or the Council from responsible persons and all other amounts otherwise received by the Grantee or the Council for cleanup of the Site shall be used to reimburse the Grantee, the Council, or any other nonresponsible party who contributed funds for cleanup of the Site in proportion to their respective payments for response costs. 4.05.. Survival of Recovery and Repayment Provisions. The provisions of Sections 4.01 through 4.04 shall survive the expiration or termination of this Agreement. V. AGREETNIENT TERM 5.01. Term. This Agreement is effective upon execution of the Agreement by the Council. Unless terminated pursuant to Section 5.02, this Agreement expires on the Expiration Date identified. at Page 1 of this Agreement. ALL GRANT FUNDS NOT EXPENDED BY THE GRANTEE FRIOR TO THE EXPLRATION DATE SHALL REVERT TO THE COL-NCIL. 5.02. Termination. This Agreement may be terminated by the Council for cause at any time upon: fourteen (14) calendar days' written notice to the Grantee. Cause shall mean a material_ breach of'this Agreement and any amendments of this Agreement. If this Agreement is terminated prior to the Expiration Date, the Grantee shall receive payment on a pro rata basis for eligible Project activities described in Attachment A that have been completed prior to the termination. Termination ofthis_Agreement does not alter the Council's authority to recover grant funis on the basis of a later audit or other review, and does not alter the Grantee's obligation to return any grant funds due to the Council as: a result of later audits or corrections. If the Council determines the Grantee has failed to comply with the terms and conditions of this Agreement and the applicable provisions of the Metropolitau.sivable Communities Act, the Council may take any action to protect free Council's interesfs and may rehtse to disburse additional grant funds and may require the Grantee to return all or part of the grant funds already disbursed. 5.03. Amendments and Extension. The Council and the Grantee may amend this Ageement by mutual agreement Amendments or an extension of this Agreement shall be effective only on the execution of written amendments signed by authorized representatives of the Council and the Grantee. If the Grantee needs additional time within which to complete the grant -funded activities and coibmence the Project, the Grantee must submit to the Council AT LEAST NINETY (90) CALENDAR DAYS PRIOR TO THE EXPIRATION DATE, a resolution of the Grantee's governing body requesting the extension and a written extension request. The form and content of the written extension request and instructions for requesting an extension are available online at: http:11www.metrocoamciLorg. =i EXPIRATION DATE MAY BE EXTENDED, BUT THE PARIOD OF, ANY EXTENSION(S) SHALL NOT EXCEED TWO YEARS BEYOND THE ORIGINAL EXPIRATION DATE IDENTIFIED AT PAGE 1 OF THIS AGREETNUNT. Page 9 of 12 Pages TAX BASE REVITALIZATION ACCOUNT CONTAMINATION CLEANUP GRANT PROGAM VL GENERAL PROVISIONS 6.01. Equal Opportunity. The Grantee .agrees it will not discriminate against any employee or applicant for employment because of race, color, creed, religion, national origin, sex, marital status, status with regard to public assistance, membership or activity in a local civil rights commission, disability, sexual orientation or age and will take affirmative action to insure applicants and employees are treated equally with respect to all aspects of employment, -rates of pay and other forms of compensation, and selection for training. 6.02.. Conflict of'In#erest. The members, officers and employees of the Grantee shall comply with all applicable state statutory and regulatory conflict of interest laws and provisions. 6.*03. Liability. Subject to the limitations provided in Minnesota Statutes chapter 466, to the fullest extent permitted by law, the Grantee shall defend, indemnify and hold harmless the Council and its members; employees and agents from and against allclaims, damages, losses and expenses, including but not limited to attorneys' fees, arising out of or resulting from the Conduct or implementation of the Project activities funded by this grant, except to the extent the claims, damages, losses and expenses arise from the Council's own negligence. Claims included in this indemnification include, :without limitation, any claims asserted pursuant to the Minnesota Environmental Response and Liability Act (MERLA.), Minnesota Statutes chapter 115B; the federal Comprehensive. Environmental Response, Compensation, and,Liability Act of 1980.(CERCLA) as amended, United States Code, Title 42, sections 9601 et seq., and the federal Resource Conservation and Recovery Act of 1976 (RCRA) as amended, United States Code, Title 42; sections 6941 .et seq.. This obligation. shall not be construed to negate, abridge or otherwise reduce any other fight or obligation of indemnity which otherwise would exist between the Council and the Grantee. The. provisions_ of this section shall survive the expiration or termination of this Agreement. This indemnification shall. notbe construed as a waiver on the part of either the Grantee or the Council of any immunities or limits on liability provided by Minnesota Statutes chapter 466 or. other applicable state or federal lain. 6.04. Acknowledgments and Signage: The Grantee will acknowledge the financial assistance provided by the Council in promotional materials, press releases, reports and publications relating to the Project activities described in Attachment A which are funded in whole or in part with the grant funds. The acknowledgment will contain the'following or comparable language: Financing for this project was provided by the Metropolitan: Council Metropolitan Livable Communities Fund. Until the Project is completed, the, Grantee will ensure the above acknowledgment language, or alternative. language approved by the Council's authorized agent, is included. on all signs (if any) located at Project or construction sites that identify, Project landing partners or entities providing financial support for the Project. The acknowledgments and signage should refer to the "Metropolitan Council" (not "Met Council' or "Metro Couneil'�. Page 10 of 12 Pages TAX BASS REVITALIZATION ACCOLNT CONTANIN ATION CLEANUP CRANI' PROGAINI 6.05: Permits, Bonds and Approvals. The Council assumes no responsibility for obtaining any applicable local, state or federal licenses, permits, bonds, authorizations or approvals necessay to perform or complete the grant -funded Project activities described in Attachment A. The Grantee and its developer(s), if any, must comply with all applicable licensing, permit i g, bonding, authorization and approval requirements of federal, state and local governmental and regulatory agencies, including conservation districts. 6.06. Subgrantees, Contractors and Subcontractors. The Grantee shall include in any subgrant, contract or subcontract for grant -funded Project activities appropriate provisions to ensure subgrantee, contractor and subcontractor compliance with all applicable state and federal laws and this Agreement. Along with such provisions, the Grantee shall require that contractors and subcontractors performing work covered by this grant obtain all required permits, licenses and certifications, and comply with all applicable state and federal Occupational Safety and Health Act regulations, especially the federal Hazardous 'X'aste Operations and Emergency Response standards under Code of Federal Regulations, Tile 29, sections 1910.120 and 1926.65. 6.117. Sformwater Discharge and Water Management Plan Requirements. If any grant funds are used for urban site redevelopment, the Grantee shall at such redevelopment site meet or require to be met all applicable requirements of. (a) Federal and state laws relating to stormwater discharges including, without limitation., any applicable requirements of Code of Federal Reg-alations, Title 40, parts 122 and 123; and (b) The Council's 2030 i3%ater Rescurces Uanagement Policy Plan and the local inter management plan for the jurisdiction within which the redevelopment site is located. 6.08. Authorized Agent. Payment request forms; written reports and correspondence submitted to the Council pursuant to this Agreement shall be directed to: Metropolitan Council Attn. LCA Grants Administration 390 Robert Street North Saint Paul, Minnesota 55101-1805 6.09, Non -Assignment. Minnesota Statutes section 473.252, subdivision 3 requires the Council to distribute .grant funds to eligible "municipalities," metropolitan -area counties or "development authorities" for projects in municipalities participating in the Local Housing Incentives Account program. Accordingly, this Agreement is not assignable and shall not be assigned by the Grantee. 6,10, Warranty o Legal Capacity. The individuals signing this Agreement on behalf of the Grantee. and on behalf of the Council represent and warrant on the Grantee's and the Council's behalf respectively that the individuals are duly authorized to execute this Agreement on the Grantee's and the Council's behalf respectively and that this Agreement constitutes the Grantee's and the Council's valid, binding and enforceable agreements. Page 11 of 12 Pages TAX BASE REVITALIZATION ACCOUNT CONTAMINATION CLEANUP GRANT PROGAM TN ��'ITNESS AYHEREOI, the Grantee and the Council have caused this Agreement to be executed by their duly authorized representatives. This Agreement is effective on the date I execution by the Council. GRANTEE MEfiROPOL ' C By: By: Eugene J. Maxwell Guy terso{, Director Title: _Mayor, City of Hopkins Community Development Division r Title: By:* W I e�=� Michael J. Horns.= Title: City Manager; City of Hopkins Date: yiarch 2013 TBRACLEANUPTEMPLA?E12 oGC Revised OV11113 Page 12 of 12 Pages ATT'ACMIE T A PROJECT S17NB4.ARY This attachment comprises this page and the succeeding pa-c(s) whim contain(s) a summary of the Project identified in the application for Tax Base Revitalization Account grant funds submitted in response to the Council's notice of availability of Tax Base Revitalization Account grant funds for the Funding Cycle identified at Page 1 of this Agreement. The summary reflects the proposed Project for which the Grantee was awarded grant funds by the Council Action, and may reflect changes in Project finding sources, changes in funding amounts,, or minor changes in the proposed Project that occurred subsequent to application submission. The application is incorporated into this Agreement by reference and is made a part of this Agreement as follows. If the application or any provision in the application -conflicts with or is inconsistent with the Council Action; other provisions of this Agreement, or the. Project Summary contained in this Attachment A, the terms, descriptions and dollar amounts reflected in the Council Action or contained in this Agreement and the Project Summary shall prevail. For the purposes of resolving conflicts or inconsistencies, the order of precedence is (1) the Council Action; (2) this Agreement; (3) the Project Summary; and (4) the grant application. Project Summary SG012-0148 Project Name: Gallery Flats Project Location: 31 - 9th Avenue South & 815 - 1st Street South, Hopkins Council District: 3 — Jennifer Munt Project Description: TBRA funding for soil remediation (including buried asbestos) and asbestos abatement of the former Lutheran Digest Building on a 1.8 -acre commercial site with two office/warehouse buildings used by commercial and light industrial businesses. The contaminants of concern identified .include mercury and asbestos in the soil and asbestos within the existing building. (Contamination -related funding previously awarded for the project includes $144,500 from TBRA for environmental investigation and asbestos abatement and soil remediation for the former Park Nicoliet property in the August 2011 and February 2012 funding cycles.) Funding: Total Eligible Cleanup Cost $304,736 Amount Requested _ 1$151000 Amount Recommended 15,000 Use of Funds Soil remediation (including buried asbestos) and 12/31/2015 asbestos abatement (Geotechnical costs, removal of on or before solid waste not mixed with contaminated soils are not eligible for TBRA fundin . Deliverables: Expected benefits. include the development of 163 .apartments (including 1-afi`ordable unit) within a 4 -story and a S -story building with shared underground parking. Increase in annual net tax capacity 287,620 Jobs . 14 FTE Affordable housing 1 rental unit Development Timeline: Task Start Date End Date Complete asbestos abatement and soil, On or before remediation. 12/31/2015 Begin development of apartments. on or before 12/31/2015