Item Description:
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Neg agmts PR00005523 with Partnership in Property Commercial Land Trust, NTE $150,000; PR00005524 with Northside Economic Opportunity Network, NTE $250,000, A2311856 with City of Mpls, all terms 08/22/23-12/31/25
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Resolution:
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BE IT RESOLVED, that consistent with the Penn Avenue Community Works Implementation Framework, the County Administrator be authorized to negotiate Grant Agreements PR00005523 with Partnership in Property Commercial Land Trust, or affiliated entity, for the Cleveland Commons project, with the not to exceed amount of $150,000 and PR00005524 with Northside Economic Opportunity Network, or affiliated entity, for the NEON Food Business Incubator project, with the not to exceed amount of $250,000 (Penn Avenue Community Works - CP 1001560), during the period August 22, 2023 through December 31, 2025; that following review and approval by the County Attorney's Office, the Chair of the Board be authorized to sign the agreements on behalf of the county; and that the Controller be authorized to disburse funds as directed; and
BE IT FURTHER RESOLVED, that consistent with Minnesota Statutes, section 383B.79, the County Administrator be authorized to negotiate Multijurisdictional Agreement A2311856 with the City of Minneapolis to provide for investment in the Cleveland Commons and NEON Food Business Incubator projects, during the period August 22, 2023 through December 31, 2025; that following review and approval by the County Attorney's Office, the Chair of the Board be authorized to sign the agreement on behalf of the county; and
BE IT FURTHER RESOLVED, that the remaining budget authority of $1,786,886 in Penn Avenue Community Works (CP 1001560) be transferred to Bottineau LRT Community Works (1002318) for the purposes of investing in Penn corridor communities in Minneapolis, thereby increasing the appropriated budget for CP 1002318 to $5,721,886; and that upon completion of the above-referenced Agreements on Decemb...
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