HomeMy WebLinkAboutCity Council Resolution 2021-126
C ITY OF P LYMOUTH
R ESOLUTION N O. 2021-126
R ESOLUTION A PPROVING S UBMISSION OF J OB C REATION/M INNESOTA I NVESTMENT
F UND A PPLICATION IN C ONNECTION WITH S ILK M EDICAL I NC.
WHEREAS, the City of Plymouth, Minnesota (the “City”), desires to assist Silk Road Medical, Inc,
a medical device company, which is proposing to locate and expand in the City; and
WHEREAS, in support of this endeavor, the City of Plymouth, is willing to act as the sponsor
for the project; and
WHEREAS, the City of Plymouth held a public hearing on April 13, 2021 to consider this matter.
NOW, THEREFORE BE IT HEREBY RESOLVED that the City will act as the legal sponsor for the
project contained in the Job Creation/Minnesota Investment Fund Application to be submitted on or
about April 14, 2021 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 Silk
Road Medical, Inc.
BE IT FURTHER RESOLVED that the City has legal authority to apply for financial assistance, and
the institutional, managerial, and financial capability to administer the proposed project.
BE IT FURTHER RESOLVED that the City has not violated any Federal, State, or local laws
pertaining to fraud, bribery, kickbacks, collusion, conflict of interest or other unlawful or corrupt
practice.
BE IT FURTHER RESOLVED that upon approval of its application by the State, the City may enter
into a Grant Contract with the State of Minnesota for the approved project, and that the City 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 City has obtained credit reports and credit information on
Silk Road Medical, Inc. Upon Review by the City, no adverse findings or concerns 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 such adverse information could result in revocation
or other legal action.
Resolution No. 2021-126
Page 2 of 2
BE IT FURTHER RESOLVED that the Mayor and City Manager, or their successors in office, are
authorized to execute the Grant Contract and amendments, thereto, as are necessary to implement the
project on behalf of the City.
APPROVED by the City Council on this 13th day of April, 2021.
STATE OF MINNESOTA)
COUNTY OF HENNEPIN) SS.
The undersigned, being the duly qualified and appointed City Clerk of the City of Plymouth, Minnesota,
certifies that I compared the foregoing resolution adopted at a meeting of the Plymouth City Council on
April 13, 2021 with the original thereof on file in my office, and the same is a correct transcription
thereof.
WITNESS my hand officially as such City Clerk and the Corporate seal of the City this ___________day of
__________________, __________.
____________________________________
City Clerk
(SEAL)