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METROPOLITAN COUNCIL <br /> PREDEVELOPMENT GRANT PROGRAM <br /> <br />GRANTEE: City of Ramsey <br /> <br />GRANT AMOUNT: $33,000.00 <br /> <br />COUNCIL ACTION: <br /> <br />November 12, 2003 <br /> <br />GRANT NO. <br /> <br />END DATE: <br /> <br />SG2003-139 <br /> <br />December 31, 2005 <br /> <br />GRANT AGREEMENT <br /> <br />THIS GRANT AGREEMENT ("Agreement") is made and entered into .by the Metropolitan <br />Council ("Com!¢il") and the city, county, or township within the seven-county metropolitan area <br />identified above as "Grantee." <br /> <br />WHEREAS, Minnesota Statutes section 473.129, subdivision 4 authorizes the Council to accept <br />gifts for any M~ropolitan Council purpose and to dispose of such moneys or property in accordance <br />with the terms OT the gift; and <br /> <br />WHEREAS, thee sources of funding for the Council's Predevelopment Grant Program are financial <br />donations from The Minneapolis Foundation and the Family Housing Fund; and <br /> <br />WHEREAS, the purposes of the Predevelopment Grant Program are to assist reinvestment activities <br />that support h0usmg production in cases where plans are completed but necessary support to <br />implement the iplans is not available, and to build on a regional reinvestment strategy that <br />encourages red, velopment, infill, and adaptive reuse as outlined in a 2002 Council publication, <br />Reinvesting in the Region's Future; and <br /> <br />WHEREAS, the Grantee submitted an application for Predevelopment Grant Program funds in <br />response to the Council's request for applications; and <br /> <br />WHEREAS, the Council awarded Predevelopment Grant Program funds to the Grantee, subject to <br />any terms, conditions and clarifications stated in its "Council Action." <br /> <br />NOW THEREFORE, in reliance on the above representations and statements and in consideration <br />of the mutual promises and covenants contained in this Agreement, the Grantee and the Council <br />agree as follows: <br /> <br /> I. GRANT FUNDS <br /> <br />2.01 Total Grant Amount. The Council will grant to the Grantee the "Grant Amount" identified <br />at Page I of this Agreement that shall be funds from the Predevetopment Grant Program. Notwith- <br />standing any o~her provision of this Agreement, the Grantee understands and agrees that any <br />reduction or termination of these grant funds made available to the Council through foundation <br />support may result in a like reduction in the Grant Amount made available to the Grantee. <br /> <br />Predevelopment Grant Program Page 1 of 8 Pages <br /> <br /> <br />