HomeMy WebLinkAbout2015-08-11 PACKET 04.B.02.
RESOLUTION NO. EDA 2015-006
RESOLUTION REGARDING AN APPLICATION BY AMERICAN LOGISTICS SERVICES,
LLC, FOR MINNESOTA INVESTMENT FUNDS
WHEREAS, the City of Cottage Grove Economic Development Authority, of Minnesota
(the “City EDA”), desires to assist AMERICAN LOGISTICS SERVICES, LLC, a distribution
company, which is proposing to construct an expansion of their facility in the City; and,
WHEREAS, the City of COTTAGE GROVE understands that AMERICAN LOGISTICS
SERVICES, LLC, through and with the support of the EDA, intends to submit to the Minnesota
Department of Employment and Economic Development an application for a Minnesota
Investment Fund (MIF) loan; and,
WHEREAS, the City of COTTAGE GROVE ECONOMIC DEVELOPMENT AUTHORITY
held a public hearing at the Economic Development Authority meeting on August 11, 2015,
where this item was considered.
WHEREAS, the EDA will act as the legal sponsor for the project contained in the
Application to be submitted in August 2015 and that EDA President Myron Bailey and EDA
Interim Executive Director Craig Woolery, or their successors, are hereby authorized to apply to
the Department of Employment and Economic Development for funding of this project on behalf
of AMERICAN LOGISTICS SERVICES, LLC.
WHEREAS, the EDA has the legal authority to apply for financial assistance, and the
institutional, managerial, and financial capability to administer the project.
WHEREAS, the EDA has not violated any Federal, State, or local laws pertaining to
fraud, bribery, kickbacks, collusion, conflict of interest or other unlawful or corrupt practice.
WHEREAS, upon approval of its application by the state, the EDA may enter into a grant
contract with the State of Minnesota for the approved project, and that the EDA certifies that it
will comply with all applicable laws, statutes and rules as stated in the grant contract and
described in the Project Compliance Certification of the Application.
NOW, THEREFORE BE IT RESOLVED that EDA President Myron Bailey and EDA
Interim Executive Director Craig Woolery, or their successors, are hereby authorized to execute
such contracts and amendments thereto, as are necessary to implement the project on behalf of
the Applicant.
th
Passed this 11 day of August, 2015.
SIGNED: _____________________________
Myron Bailey
EDA President _________
(Title) (Date)
ATTEST: ___________________________
(Signature/City Clerk)