HomeMy WebLinkAboutCity Council Resolution 1996-286Ll
CITY OF PLYMOUTH
RESOLUTION 96- 286
AUTHORIZING THE CITY MANAGER TO APPLY TO THE DEPARTMENT OF
TRADE AND ECONOMIC DEVELOPMENT AND EXECU'T'E AGREEMENTS FOR
FUNDING OF THE VALUE Rx PROJECT ON BEHALF OF THE CITY OF
PLYMOUTH.
WHEREAS, on May 15, 1996, the Plymouth City Council held a public. hearing to consider
submitting an application to the Minnesota Department of Trade and Ecenomic Development
to provide a loan and grant to assist Value Rx with its plans to relocate its business to property
in Plymouth located at 4700 Nathan Lane; and
WHEREAS, the City of Plymouth has the legal authority to apply for financial assistance, and
the institutional, managerial, and financial capability to ensure adequate construction, peration,
maintenance, and replacement of the proposed project for its design life; and,
WHEREAS, the City of Plymouth has not incurred any costs, has not entered into any written
agreements to purchase property; and,
WHEREAS, the City of Plymouth has not violated any federal, state, or local laws pertaining
to fraud, bribery, graft, kickbacks, collusion, conflict of interest or other unlawful or corrupt
practice; and,
WHEREAS, that upon approval of its application by the state, the City of Plymouth may enter
into an agreement with the State of Minnesota for the above -referenced project(s), and that the
City of Plymouth certified that it will comply with all applicable laws and regulations as stated
in all contract agreements and described on the Compliances Section (FP -20) of the Business
and Community Development Applications; and,
WHEREAS, the City of Plymouth has obtained credit reports and credit information from
Value k. Pharmacy and Campbell, Knutson, Scott & Fuchs. Upon review by the City of
Plymouth and the City Attorney, no adverse finding or cotserns regarding, but not limited to,
tax liens, judgments, court action, and filing with state, federal and other regulatory agencies
were Identified. Failure to disclose any such adverse information could result in revocation or
other legal action,
NOW, THEREFORE, BE IT HEREBY RESOLVED BY THE CITY COUNCIL OF THE
CITY OF PLYMOUTH, MINNESOTA, that the City of Plymouth act as the legal sponsor for
projects(s) contained in the business and Community Development Application to be submitted
on May 20, 1996 and that the City Manager is hereby authorized to apply to the Department
of Trade and Economic Development for funding of this project on behalf of the City of
Plymouth; and,
•
BE IT FURTHER RESOLVED, that the City Manager is hereby authorized to execute such
agreements as are necessary to implement the project(s) of the applicant.
Adopted by the City- Council on May 15, 1996.
bTATE 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 May 15, 1996, with the original thereof on file in my office, and
the same is a correct transcription thereof.
WITNESS my Land officially as such City Clerk and the Corporate seal of the City this
day of
suf mphWulueul
City Clerk