22-079 (09-20) Authorize Funding Disbursement United Properties DEED Cleanup GrantRESOLUTION NO. 22-079
RESOLUTION AUTHORIZING FUNDING DISBURSEMENT AGREEMENT BETWEEN
GOLDEN VALLEY AND UNITED PROPERTIES LLC FOR MINNESOTA DEED
CLEANUP GRANT
WHEREAS, the City of Golden Valley and United Properties LLC have partnered on
an application for grant funding from the Minnesota Department of Employment and
Economic Development and such funding has been awarded to the City in the amount of
$644,325, and,
WHEREAS, the grant is to allow for financial assistance associated with site cleanup
activities at 6300 Olson Memorial Highway as part of the Optum Health Building
Redevelopment Project being conducted by United Properties LLC, and,
WHEREAS, the Funding Disbursement Agreement is for the purpose of managing a
pass-through grant from the Minnesota Department of Employment and Economic
Development and maintaining proper recordkeeping of requests for grant dollars by United
Properties LLC, and,
WHEREAS, the Funding Disbursement Agreement clarifies roles and responsibilities
for the participating parties, including annual work plans, financial reporting, and any
potential changes in participation.
NOW, THEREFORE, BE IT RESOLVED, by the City Council for the City of Golden
Valley, to authorize the Funding Disbursement Agreement between Golden Valley and
United Properties LLC for Minnesota DEED Cleanup Grant.
Adopted by the City Council of Golden Valley, Minnesota this 20th day of September 2022.
_____________________________
Shepard M. Harris, Mayor
ATTEST:
_____________________________
Theresa Schyma, City Clerk
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