RESO 24-038 - Authorizing MIF Application - Baxter Healthcare CorporationRESOLUTION NO. 24-038
A RESOLUTION AUTHORIZING THE SUBMITTAL OF AN APPLICATION TO THE
MINNESTOA DEPARTMENT OF EMPLOYMENT AND ECONOMIC DEVELOPMENT
UNDER THE MINNESOTA INVESTMENT FUND (MIF) PROGRAM FOR BAXTER
HEALTHCARE CORPORATION
WHEREAS, the City of Golden Valley, Minnesota desires to act as legal sponsor
for a project from Baxter Healthcare Corporation to be submitted to the Minnesota
Department of Economic Development to apply for the Minnesota Investment Fund (MIF)
program; and
WHEREAS, the City of Golden Valley agrees to forgive Minnesota Investment
Funds to support the retention of the existing 70 jobs in Minnesota. Without this support,
Savills who has been retained by Baxter Healthcare Corporation to represent them
attested that they will move the jobs out of Minnesota; and
WHEREAS, the City of Golden Valley has the legal authority to apply for financial
assistance, and the institutional, managerial, and financial capability to administer the
proposed project; and
WHEREAS, the City of Golden Valley has not violated any Federal, State, or local
laws pertaining to fraud, bribery, kickbacks, collusion, conflict of interest or other unlawful
or corrupt proactive; and
WHEREAS, the City of Golden Valley has obtained credit reports and credit
information on the company. Upon review by the City of Golden Valley and Ehlers Inc.,
no adverse findings of concern regarding, but not limited to, tax liens, judgements, court
actions, and filings with state, federal and other regulatory agencies were identified.
Failure to disclose any adverse information could result in revocation or other legal action;
and
WHEREAS, Resolution No. 24-035 is rescinded and replaced with Resolution No.
24-038 authorizing submittal of an application to the Minnesota Department of Economic
Development to apply for the Minnesota Investment Fund (MIF) program.
NOW, THEREFORE, BE IT RESOLVED, that the City of Golden Valley shall act
as legal sponsor for the project contained in the Minnesota Investment Fund Application
to be submitted on or about May 21, 2024, and that the Mayor and City Manager are
hereby authorized to apply to the Department of Employment and Economic
Development for funding of this project on behalf of the company.
BE IT FURTHER RESOLVED, that upon approval of its application by the State,
the City of Golden Valley may enter into a Grant Contract with the State of Minnesota for
the approved project, and that the City of Golden Valley certifies that it will comply with
all applicable laws, statutes, regulations and rules as stated in the Grant Contract and
described in the Project Compliance Certification of the Application.
BE IT FURTHER RESOLVED, that the Mayor and City Manager are hereby
authorized to execute the Grant Contract and amendments thereto, in the form approved
by the City Attorney, as are necessary to implement the project on behalf of the City of
Golden Valley.
Passed by the City Council of the City of Golden Valley, Minnesota this 21 st day of May,
2024.
Roslyn Harmon, Mayor
Attested:
resa Schyma, City Jerk