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AGREEMENT FOR LOAN OF MINNESOTA I_.NVESTMENT FUND <br /> <br /> THIS AGREEMENT is made and entered into as the day of <br /> <br />200~, by and between the City of Ramsey, (the "City") and Mateski Properties, <br />LLC/Systematic Refrigeration, Inc. (the "Developer"); <br />WlTNESSETH: <br /> <br /> WHEREAS, the City has applied to the Minnesota Department of Trade and Economic <br />Development for a Minnesota Investment Fund Grant (the "MIF Grant") pursuant to an <br />application (the "Grant Application") and received approval for said grant; and <br /> WHEREAS, Grant Agreement Number CDAP-99-0224-H-FYOO (the "Grant <br />Agreement") between the Minnesota Department of Trade and Economic Development and tb.e <br />City has been executed and requires that the Developer provide sufficient funds to complete <br />financing and agree to loan terms with t_he City regarding the MIF Grant; and <br /> WI-IEREAS, the parties hereto agree to incorporate into this Agreement by reference <br />said Grant Application and Grant Agreement as if fully set forth herein word for word; <br /> NOW THEREFORE, it is agreed by and between the parties hereto as follows: <br /> <br /> 1 <br />155 <br /> <br /> <br />