HomeMy WebLinkAbout4.D. Adopt Resolution No. 2015-2, A resolution authorizing a Minnesota Investment Fund application for Entrust Datacard Consent Business 4. D.
SHAKOFEE
TO: Economic Development Authority
FROM: Samantha DiMaggio, Economic Development Coordinator
DATE: 02/17/2015
SUBJECT: Adopt Resolution No. 2015-2, A Resolution Authorizing a Minnesota
Investment Fund Application for Entrust Datacard
Background
On October 7, 2014, the Economic Development Authority held a public hearing
and authorized Resolution No. 2014-5, A Resolution Regarding the Authorization
and Approval for a Minnesota Investment Fund Application, Grant Agreement and
Forgivable Loan in Connection with Datacard Corporation or its Affiliates.
The template drafted by Kennedy and Graven, Chartered, did not match the
required Department of Employment and Economic Development (DEED) template
word for word, therefor DEED is asking that we now pass the standard resolution
they require.
Action Sought
Authorize Resolution No. 2015-2, A Resolution Regarding the Authorization and
Approval for a Minnesota Investment Fund Application, Grant Agreement and
Forgivable Loan in Connection with Entrust Datacard or its Affiliates.
Attachments: Res. No. 2015.2
ECONOMIC DEVELOPMENT AUTHORITY FOR THE
CITY OF SHAKOPEE,MINNESOTA
RESOLUTION NO.15-2
RESOLUTION REGUARDING THE AUTHORIZATION AND APPROVAL FOR A MINNESOTA
INVESTMENT FUND APPLICATION,GRANT AGREEMENT AND FORGIVEABLE LOAN IN
CONNECTION WITH ENTRUST DATACARD OR ITS AFFILIATES.
BE IT RESOLVED that the Board of Commissioners of the Economic Development Authority for the City
of Shakopee,Minnesota act as the legal sponsor for project(s)contained in the Business and Community
Development Application submitted on October 7,2014 and that the President,Matt Lehman and the
Executive Director,Kristine Lyndon Wilson are hereby authorized to apply to the Department of
Employment and Economic Development for funding of this project on behalf of the Board of
Commissioners of the Economic Development Authority for the City of Shakopee,Minnesota.
BE IT FURTHER RESOLVED that the Board of Commissioners of the Economic Development
Authority for the City of Shakopee,Minnesota has the legal authority to apply for fmancial assistance,
and the institutional,managerial,and financial capability to ensure adequate construction,operation,
maintenance and replacement of the proposed project for its design life.
BE IT FURTHER RESOLVED that the Board of Commissioners of the Economic Development
Authority for the City of Shakopee,Minnesota has not incurred any costs and has not entered into any
written agreements to purchase property.
BE IT FURTHER RESOLVED that the Board of Commissioners of the Economic Development
Authority for the City of Shakopee,Minnesota 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 Board of
Commissioners of the Economic Development Authority for the City of Shakopee,Minnesota,may enter
into an agreement with the State of Minnesota for the above-referenced project(s),and that the Board of
Commissioners of the Economic Development Authority for the City of Shakopee,Minnesota certifies that
it will comply with all applicable laws and regulations as stated in all contract agreements and described
on the Compliance Section(S-7)of the Business and Community Development Application.
AS APPLICABLE,BE IT FURTHER RESOLVED that the Board of Commissioners of the
Economic Development Authority for the City of Shakopee,Minnesota has obtained credit reports and
credit information from Entrust Datacard.Upon review by the Board of Commissioners of the
Economic Development Authority for the City of Shakopee,Minnesota and Kennedy and Graven
Chartered,no adverse findings or concerns regarding,but not limited to,tax liens,judgments,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.
NOW,THEREFORE BE IT RESOLVED that the President,Matt Lehman and Executive Director,
Kristine Lyndon Wilson,or their successors in office,are hereby authorized to execute such agreements
and amendments thereto,as are necessary to implement the project(s)on behalf of the applicant.
Sworn and Executed Under My Hand this 17 day of February, 2015
450122v1 JAE SH155-317
Matt Lehman,President
Kristine Lyndon Wilson,Executive Director
450122v1 JAE SH155-317 2