Resolution Number 07-14 Grant Agreement
RESOLUTION NUMBER 07-14
DECLARATION AND GRANT AGREEMENT
WHEREAS, the City of Mountain Iron is participating with United States Steel Corporation and St. Louis County in the relocation of County Road 102 within the City of Mountain Iron, St. Louis County, Minnesota; and
WHEREAS, a portion of the relocated County Road 102 shall be located upon certain real property owned by the Mountain Iron Economic Development Authority as described by the city engineer and shown as Right of Way in Areas 1, 2 and 3 in the attached Exhibit “A”; and
WHEREAS, a portion of the relocated roadway as described in Exhibit “A” and shaded in yellow is subject to certain bond financing as specified in the Grant Agreement dated September 1, 2006, between the City of Mountain Iron and the Department of Employment and Economic Development and subject to certain restrictions evidenced by the Declaration dated December 7, 2009, and recorded December 21, 2009, as Document No. 01125442 in the Office of the County Recorder, St. Louis County, Minnesota; and
WHEREAS, upon relocation of County Road 102 the existing access road shaded in yellow providing access to the bond financed property will be no longer necessary for one of the purposes stated in the aforesaid Declaration and Grant Agreement, namely for accessing the Industrial Park described in the aforesaid Grant Agreement; and
WHEREAS, the participants in the relocation process desire to obtain the consent of the Minnesota Department of Employment and Economic Development and the Minnesota Commissioner of Management and Budget to the relocation of County Road 102; and
WHEREAS, all of the participating parties acknowledge and agree that it is appropriate for the City of Mountain Iron and the Mountain Iron Economic Development Authority to approve an easement in favor of St. Louis County, Minnesota, for the relocation of County Road 102 in favor of St. Louis County, Minnesota.
NOW THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF MOUNTAIN IRON, MINNESOTA, that:
1. That upon the relocation of County Road 102 the existing access road shaded in yellow providing access to the bond financed property will be no longer necessary for one of the purposes stated in the aforesaid Declaration and Grant Agreement, namely for accessing the Industrial Park described in the aforesaid Grant Agreement.
2. That the City of Mountain Iron does hereby approve the easement in favor of St. Louis County, Minnesota, over and across the property shown as Right of Way in Areas 1, 2 and 3 in Exhibit “A” and does hereby authorize the appropriate officials to execute any documents necessary to document and complete said easements.
DULY ADOPTED BY THE CITY COUNCIL THIS 17th DAY OF MARCH, 2014.
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Mayor Gary Skalko
ATTEST:
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City Administrator
