2016-11-09 HRA Agenda PacketPLEASE TURN OFF CELL PHONES & PAGERS IN COUNCIL CHAMBERS.
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MOUND HOUSING & REDEVELOPMENT AUTHORITY
RESCEDULED REGULAR MEETING
WEDNESDAY, NOV 09, 2016 6:55 P.M.
MOUND CITY COUNCIL CHAMBERS
Page
1. Open the meeting
2. Action approving agenda, with any amendments
3. Action approving payment of claims 1-5
5. Adjourn
• '
•
MINAINIOM
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► •
$9,370.43
CITY OF MOUND 11/03/16 8:43 AM
Page 1
Payments
Current Period: November 2016
Batch Name
110916HRA User Dollar Amt $9,370.43
Payments Computer Dollar
Amt $9,370.43
$0.00 In Balance
Refer
9 ASPEN WASTE SYSTEMS, INC.
Cash Payment
E 680-49800-384 Refuse/Garbage Disposa OCTOBER 2016 WASTE DISPOSAL- IKM
$294.48
Invoice 110916
10/1/2016
Transaction Date 11/3/2016
Wells Fargo HRA 10120 Total
$294.48
Refer
1 CENTERPOINT ENERGY(MINNEG
_
Cash Payment
E 680-49800-383 Gas Utilities
GAS SERVICE 9-19-16 THRU 10-18-16 IKM
$329.30
Invoice 110916
11/17/2016
Transaction Date 11/1/2016
Wells Fargo HRA 10120 Total
$329.30
Refer,
2 CCLLINS ELECTRICAL CONSTRUC
-,--,
Cash Payment
E 680-49800-440 Other Contractual Servic
BOILER LOW WATER CUTOFF REPAIR- IKM
$762.40
Invoice 1774
10/24/2016
Transaction Date 11/112016
Wells Fargo HRA 10120 Total
$762.40
Refer w..�..,.._e.
10 FRESH COMPANY
Cash Payment
E 680-49800-460 Janitorial Services
CLEAN 1 BDR UNIT #203- IKM
$134.09
Invoice 6240
10/17/2016
Cash Payment
E 680-49800-460 Janitorial Services
MTCE CLEAN 1 BDR UNIT #203- IKM
$75.09
Invoice 6241
10/17/2016
Transaction Date 11/3/2016
-� ���_
Wells Fargo HRA 10120 Total
,.,...,.o.,a..................M.....,..��..�..,�..m..�.,..�,.,�.
$209.18
Refer
11-GOODIN COMPANY
Cash Payment
E 680-49800-220 Repair/Maint Supply
STD BLK MALL RED TEES- 2, STD BLK MALL
$264.56
HEX BUSHINGS- IKM
Invoice 01279300 9/23/2016
Transaction Date
11/3/2016
Wells Fargo HRA 10120 Total
$264.56
_Refer M
8 J.D. WINDOWS & DOORS, INC.
Cash Payment
E 680-49800-401 Building Repairs
BEDROOM DOOR UNIT #206-IKM
$195.50
Invoice 15417
8/29/2016
Transaction Date
11/3/2016
Wells Fargo HRA 10120 Total
$195.50
-11—'----'--"------------
Refer
7 KENNEDY AND GRAVEN
Cash Payment
E 680-49800-304 Legal Fees
INDIAN KNOLL MANOR SALE- LEGAL SVCS
$1,796.00
SEPTEMBER 2016
Invoice 134010
10/28/2016
Transaction Date
11/2/2016
Wells Fargo HRA 10120 Total
$1,796.00
Refer
12 MIND IT SERVICES
Cash Payment
E 680-49800-440 Other Contractual Servic
FIX SCANNING ISSUES- IKM 9-28-16
$26.25
Invoice 2936
10/24/2016
Transaction Date
11/3/2016
Wells Fargo HRA 10120 Total
$26.25
Refer
5 MOUND, CITY OF
Cash Payment
E 680-49800-382 Water Utilities
WATER SVC 9-1-16 THRU 10-3-16 IKM
$2,572.83
Invoice 110916
10/20/2016
Transaction Date
10/31/2016
Wells Fargo HRA 10120 Total
$2,572.83
Refer—3
PRIME PROPERTY SVCS, INC. _
-2-
CITY OF MOUND
Payments
Current Period: November 2016
11/03/16 8:43 AM
Page 2
Cash Payment E 680-49600-402 Building Maintenance 10-3-16 PICK UP GARBAGE FROM FLOOR IN $25.00
GARBAGE ROOM & REPLACE DUMPSTER
Invoice 91 10/18/2016
Cash Payment E 680-49800-402 Building Maintenance 10-7-16 MEET WITH FIRE INSPECTOR -AT $50.00
IKM
Invoice 91 10/18/2016
Cash Payment E 680-49800-440 Other Contractual Servic OCTOBER 2016 TWICE WEEKLY CLEANING- $729.17
IKM
Invoice 105 10/26/2016
Transaction Date 10/31/2016
Refer _ 4 STA SAFE LOCKSMITHS COMPAN
Cash Payment E 680-49800-401 Building Repairs
Invoice 0020481
10/25/2016
Cash Payment
E 680-49800-401 Building Repairs
Invoice 0020478
10/3/2016
Transaction Date
10/31/2016
Refer
�13 TRUE VALUE MOUND (IKM)
Cash Payment E 680-49800-210 Operating Supplies
Invoice 139219 10/28/2016
Cash Payment E 680-49800-210 Operating Supplies
Invoice 139316
11/1/2016
Transaction Date
11/3/2016
�„�...A,...a
..,
-� -
.. s--,....�..,.�.....,�....-..».,�,.,,.e,.a�..
XCEL ENERGY
_Refer _
Cash Payment
E 680-49800-381 Electric Utilities
Invoice 521514103 10/24/2016
Transaction Date
11/1/2016
Fund Summary
680 HRA PUBLIC HOUSING
Wells Fargo HRA 10120 Total $804.17
LOCK MASTER KEYED- 3 KEYS- LOCK $143.25
REPAIRED ON MAILBOX - IKM
LOCK MASTER KEYED- 4 KEYS - IKM $103.50
Wells Fargo HRA 10120 Total $246.75
BATH FAUCET HANDLE, 4 PK 29W HALO $49.16
BULB, 4 PK 10.5W BULB, ANTISIPHON VAC
BREAKER- IKM
1/3 HP Cl SUB SUMP PUMP- IKM $121.50
Wells Fargo HRA 10120 Total $170.66
ELECTRIC SVC 9-24-16 THRU 10-22-16 IKM $1,698.35
Wells Fargo HRA 10120 Total $1,698.35
10120 Wells Fargo HRA
$9,370.43
$9,370.43
Pre -Written Checks $0.00
Checks to be Generated by the Computer $9,370.43
Total $9,370.43
-3-
[SHICL7A11CO11]0 1��
Payments
10/31/16 2:15 PM
Page 1
Pre -Written Checks $0.00
Checks to be Generated by the Computer $7,460.88
Total $7,460.88
M
Current Period: November 2016
Batch Name
AEON-SEPT16 User DollarAmt $7,460.88
Payments Computer Dollar Amt $7,460.88
$0.00 In Balance
Refer
9 AEON MANAGEMENT LLC
-
Cash Payment
E 680-49800-101 F T Empl Regular
SITE MANAGER SALARY- 87.58 HOURS-
$2,124.25
SEPT 2016
Invoice 110916
10/25/2016
Cash Payment
E 680-49800-111 Other IKM Maint
MTCE TECH SALARY- 49.75 HOURS- SEPT
$1,461.28
2016
Invoice 110916
10/25/2016
Cash Payment
E 680-49800-101 F T Empl Regular
DIRECTOR OF PROPERTY IMPROVEMENTS
$689.85
SALARY- 10.5 HOURS- SEPT 2016
Invoice 110916
10/25/2016
Cash Payment
E 680-49800-331 Use of personal auto
MTCE MILEAGE- SEPT 2016
$29.16
Invoice 110916
10/25/2016
Cash Payment
E 680-49800-220 Repair/Maint Supply
PIPE FITTINGS
$79.34
Invoice 110916
10/25/2016
Cash Payment
E 680-49800-440 Other Contractual Servic
AFTER HOURS EMERGENCY SVC- HARDCO-
$33.02
SEPT 2016
Invoice 110916
10/25/2016
Cash Payment
E 680-49800-111 Other IKM Maint
AFTER HOURS MTCE CALL SVC- SEPT 2016
$14.65
Invoice 110916
10/25/2016
Cash Payment
E 680-49800-351 Legal Notices Publishing
JOB POSTINGS -AUG & SEPT 2016
$119.33
Invoice 110916
10/25/2016
Cash Payment
E 680-49800-440 Other Contractual Servic
ELEVATOR SVC- SEPT 2016
$160.00
Invoice 110916
10/25/2016
Cash Payment
E 680-49800-307 Admin/Finance/Compute
IKM SITE MAINTENANCE SEPTEMBER 2016 -
$2,750.00
50 UNITS @ $55 /UNIT
Invoice 110916
10/25/2016
Transaction Date
10/31/2016
Wells Fargo HRA 10120 Total
$7,460.88
Fund Summary
10120 Wells Fargo HRA
680 HRA PUBLIC
HOUSING
$7,460.88
$7,460.88
Pre -Written Checks $0.00
Checks to be Generated by the Computer $7,460.88
Total $7,460.88
M
CITY OF MOUND
Payments
Current Period: October 2016
Batch Name 0916KG-HRA User Dollar Amt $921.50
Payments Computer DollarAmt $921.50
Refer 1 KENNEDYAND GRAVEN
Cash Payment E 680-49800-304 Legal Fees
Invoice 133599-2 9/30/2016
Transaction Date 10/20/2016
Fund Summary
680 HRA PUBLIC HOUSING
$0.00 In Balance
HRA- AEON PROJECT- PLAT & TITLE
REQUIREMENTS- LEGAL SVCS SEPT 2016
Wells Fargo HRA 10120 Total
10120 Wells Fargo HRA
$921.50
Pre -Written Checks $0.00
Checks to be Generated by the Computer $921.50
Total $921.50
$921.50
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10/20/16 3:32 PM
Page 1
$921.50
$921.50
GRANT AGREEMENT BETWEEN
THE HOUSING AND REDEVELOPMENT AUTHORITY OF THE CITY OF MOUND
AND
AEON
FOR THE
COUNTY OF HENNEPIN ENVIRONMENTAL RESPONSE FUNDS
THIS GRANT AGREEMENT is entered into as of the day of , 2016 by and
between the HOUSING AND REDEVELOPMENT AUTHORITY OF THE HRA OF MOUND, a Minnesota
municipal corporation (herein called the "HRA'), and AEON, a Minnesota non-profit corporation (herein called
the "Grantee').
WHEREAS, the HRA has received a grant from the County of Hennepin (the "County') in the amount
of $390,982 (the "ERF Funds"); and
WHEREAS, the HRA desires to loan proceeds of the ERF Fund in the amount of $390,982 (the
"Loan') to Grantee to make a loan to IKM Limited Partnership (the "Partnership') to finance costs of
acquisition and construction of a 66 -unit affordable rental housing project at 2020 Commerce Boulevard,
Mound, Minnesota.
NOW, THEREFORE, it is agreed between the parties hereto that:
1. AWARD. The HRA agrees to make the grant (the "Grant') to the Grantee for the `Project" described
in that certain Grant Agreement Contract No. A154841 between the HRA and the County (the "ERF
Grant Agreement'), a copy of which is attached hereto as Exhibit A.
2. AUTHORIZED USES. Grant funds must be used in accordance with the eligible uses and costs as
described in the ERF Grant Agreement (the `Project Costs"). Notwithstanding anything herein to the
contrary, the Grantee understands and agrees that any reduction or termination of the ERF Funds may
result in a like reduction or termination of the Grant, and that any material change in the scope of the
Project or budget in the ERF Grant Agreement must be approved in writing by the LIRA and the County
in accordance with the ERF Grant Agreement
3. REQUIREMENTS. The Grantee shall comply with the requirements of the ERF Grant Agreement.
4. PERFORMANCE MONITORING. The Grantee must comply with all reporting requirements in the ERF
Grant Agreement The Grantee must submit periodic reports to the HRA on the status of the Project, the
expenditure of the Loan funds, and the sources and expenditure of the match funds. The Grantee must
also complete and submit to the HRA: reports required for the HRA to prepare reports under Section 4
of the ERF Grant Agreement.
A default by Grantee under the ERF Grant Agreement will constitute noncompliance with this Grant
Agreement. If the HRA finds that there has been a material failure to comply with the provisions of this
Grant Agreement, the HRA may take action to protect its interests, including refusal to disburse
additional funds and acceleration of the Loan. If action to correct such default is not taken by the
Grantee within thirty (30) calendar days (or such longer period as is reasonably necessary and approved
by the HRA) after being notified by the HRA, the HRA may terminate this Grant Agreement.
Termination does not alter Grantee's obligation to repay any Loan funds due to the HRA as a result of a
default under the terms of this Grant Agreement.
US.107935787.03
Notwithstanding any contrary provision of this Grant Agreement, if for any reason other than solely the
HRA's negligence in managing the ERF Grant funds, the County requires the HRA to repay any or all
of the ERF Grant funds, Grantee unconditionally guarantees that it will repay whatever funds are
required to be returned to the County within ten (10) days of written notification of the County's
requirement, and , in addition, agrees to pay any and all expenses incurred by the LIRA in enforcing this
provision. Grantee hereby expressly and irrevocably waives all defenses in any action brought by the
LIRA to enforce this provision based on claims of waiver, release, surrender, alteration or compromise.
This provision shall survive expiration or termination of this Grant Agreement.
5. TIME OF PERFORMANCE. Grantee must complete the Project on or before 12018
(the "End Date"). The HRA is not obligated to disburse funds for any Project Costs incurred after the
End Date or any earlier termination, whichever occurs first. Any Loan funds not disbursed prior to the
End Date will revert to the County and the Loan amount will be reduced accordingly.
6. CONDITIONS PRECEDENT TO DISBURSEMENT. The following requirements are conditions precedent to
disbursement of the Loan:
A. The Grantee shall have provided evidence satisfactory to the HRA showing that Partnership has
title in fee simple and possession of the Project site.
B. The Grantee shall have deposited in escrow with a title insurance company or otherwise have
available to the satisfaction of the HRA, equity, loan proceeds or other funds sufficient together
with the Grant funds to pay for all unpaid Project Costs.
C. The Grantee shall have provided evidence of compliance with the accounting and record
keeping requirement in Section 2 of the ERF Grant Agreement, if applicable.
D. The Grantee shall have provided the HRA with evidence of compliance with the insurance
requirements of Section 9 of the ERF Grant Agreement.
E. The HRA shall have reasonably approved the entities that will be under contract with the
Grantee to complete the Project.
F. The Grantee shall submit a payment request form per Section 3 of the ERF Grant Agreement.
DISBURSEMENT. It is expressly agreed and understood that the total amount to be disbursed by the
HRA under this Grant Agreement will not exceed $390,982. The final request for disbursement must be
submitted within six (6) months after the End Date. The HRA will make disbursements no more often
than every 30 days and only upon receipt of a written disbursement request from Grantee acceptable to
the HRA and the County, which shall include the following:
A. Completed and executed disbursement request in the form attached hereto as Exhibit B (the
"Payment Request Form'), and accompanied by itemized invoices from each provider to be
paid or cost to be reimbursed.
B. Completed Payment Request Summary Form in the form required by the County.
Collectively, the Disbursement Request Form and the Payment Request Summary Form shall be
referred to as a "Disbursement Request."
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The HRA shall, upon its approval of a Disbursement Request, forward the Payment Request Summary
Form and supporting invoices to the County for approval. Upon County approval and disbursement of
the approved amounts of ERF Grant funds, the HRA shall disburse the approved amount of Loan funds
to Commercial Partners Title ("Title'). Title shall disburse the Loan funds in accordance with the
information provided in the Disbursement Request and pursuant to the Master Disbursing Agreement
among Lender, the Grantee, Title and the other lenders.
8. NOTICES. Communication and details concerning this Grant Agreement shall be directed to the
following representatives:
HRA: City of Mound
Department of Community Development
2415 Wilshire Boulevard
Mound, MN 55364
Phone: (952) 472-0600
Attention: City Manager
Grantee. Aeon
901 North Third Street, Suite 150
Minneapolis, MN 55401
Phone: (612) 341-3148
Attention: Blake Hopkins
With copies to: Faegre Baker Daniels LLP
90 South Seventh Street
2200 Wells Fargo Center
Minneapolis, MN 55402
Phone: (612) 766-6833
Fax: (612) 766-1600
Attn: Angela M. Christy, Esq.
Title: Commercial Partners Title
200 South Sixth Street, Suite 1300
Minneapolis, MN 55402
9. STORMWATER DISCHARGE AND WATER MANAGEMENT PLAN REQUIREMENTS. The Grantee shall
meet all applicable requirements of:
A. Federal and state laws relating to stormwater discharges including, without limitation, any
applicable requirements of Code of Federal Regulations, title 40, parts 122 and 123; and
B. The County's 2030 Water Resources Management Policy Plan and the local water management
plan for the jurisdiction within which the Project is located.
10. GENERAL CONDITIONS.
A. General Compliance. The Grantee agrees to comply with all applicable federal, state and local
laws and regulations governing the Project and funds provided under this Grant Agreement.
B. Independent Contractor. Nothing contained in this Grant Agreement is intended to, or shall be
construed in any manner, as creating or establishing the relationship of employer/employee
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between the parties. The Grantee shall at all times remain an independent contractor with
respect to the services to be performed under this Grant Agreement The LIRA shall be exempt
from payment of all unemployment compensation, FICA, retirement, life and/or medical
insurance and workers' compensation insurance as the Grantee is an independent contractor.
C. Indemnification and Hold Harmless. The Grantee shall hold harmless, defend and indemnify
the HRA and County from any and all liability, claims, actions, suits, charges, damages, losses,
costs, expenses, and judgments whatsoever, including reasonable attorney's fees, that arise
directly or indirectly out of the Grantee's, its contractors or subcontractors performance or
nonperformance of the services or subject matter called for in this Grant Agreement. This
clause shall not be construed to bar any legal remedies Grantee may have for the HRA's or
County's failure to fulfill its obligations pursuant to this Grant Agreement.
Claims included in this indemnification include, without limitation, any claims asserted
pursuant to the Minnesota Environmental Response and Liability Act (MERLA), Minnesota
Statutes, Chapter 11513, the Federal Comprehensive Environmental Response, Compensation
and Liability Act of 1980 (CERCLA) as amended, United States Code, title 42, Sections 9601
et seq., and the Federal Resource Conservation and Recovery Act of 1976 (RCRA) as
amended, United States Code, title 42, Sections 6901 et. seq. This indemnification shall not be
construed as a waiver on the part of either the HRA or the County of any immunities or limits
on liability provided by Minnesota Statutes, Chapter 466 or other applicable State or Federal
law.
D. Workers' Compensation. The Grantee shall provide workers' compensation insurance coverage
for any employees involved in the performance of this Grant Agreement.
E. Insurance. The Grantee shall maintain the insurance coverages set out in the Mortgage.
11. ADMINISTRATIVE REQUIREMENTS.
A. Accounting Standards. The Grantee agrees to maintain the necessary source documentation and
enforce sufficient internal controls as dictated by generally accepted accounting practices to
properly account for expenses incurred under this Grant Agreement.
B. Records.
Retention. The Grantee shall retain all records pertinent to expenditures incurred under
this Grant Agreement until conclusion of the latest of (a) six (6) years after the Grantee
has completed the Project; or (b) six (6) years after the Grantee has expended all
proceeds of the Loan; or (c) six (6) years after the resolution of all audit findings.
Records for nonexpendable property acquired with funds under this Grant Agreement
shall be retained for six (6) years after final disposition of such property. Records for
any displaced person must be kept for six (6) years after he/she has received final
payment
2. Inspections. All Grantee records with respect to any matters covered by this Grant
Agreement shall be made available to the HRA, County or their designees at any time
during normal business hours, as often as the HRA or County deems reasonably
necessary, to audit, examine, and make excerpts or transcripts of all relevant data.
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3. Data Practices Act. The Grantee shall comply with applicable provisions of the
Minnesota Government Data Practices Act, Chapter 13.
12. PERSONNEL AND PARTICIPANT CONDITIONS.
A. Equal Employment Opportunity. Grantee agrees for itself and its successors and assigns, that
during the term of this Grant Agreement:
Grantee will comply with the applicable federal, state and local laws, rules and
regulations regarding equal employment opportunities, including nondiscrimination
provisions contained in Chapter 181, Minnesota Statutes, the Americans with
Disabilities Act of 1990 (as amended), Section 109 of the Housing and Community
Development Act of 1974 (as amended), the Age Discrimination Act of 1975 (as
amended) and Executive Order 11246, as amended by Executive Order 12086.
2. Grantee is committed to the concept of equal opportunity in both participation by
women and minority business enterprises and employment of women and minorities,
and agrees that the affirmative action program of Grantee is binding on Grantee.
3. Grantee will take such action with respect to any construction contract, subcontract, or
purchase order as the HRA may direct as a means of enforcing such provisions,
including sanctions for noncompliance.
4. In the event of the Grantee's noncompliance with these nondiscrimination clauses, the
contract may be cancelled, terminated, or suspended, in whole or in part.
B. Affirmative Action.
Plan. The Grantee shall develop an affirmative action plan. The HRA shall provide
affirmative action guidelines to the Grantee to assist in the formulation of such plan.
The Grantee shall submit any necessary affirmative action documentation to the HRA
for approval prior to the disbursement of funds.
2. Access to Records. The Grantee shall furnish all information and reports required
hereunder and by the rules and regulations of the HRA, and to permit access to the
Grantee's books, records and accounts for purposes of investigation to ascertain
compliance with the rules, regulations and provisions stated herein.
3. Notifications. The Grantee shall send to each labor union or representative of workers
with which it has a collective bargaining agreement or other contract or understanding,
a notice, to be provided by the agency contracting officer advising the labor union or
worker's representative of the Grantee's commitments hereunder, and shall post copies
of the notice in conspicuous places available to employees and applicants for
employment.
4. EEO/AA Statement. The Grantee shall, in all solicitations or advertisements for
employees placed by or on behalf of the Grantee, state that it is an equal opportunity or
affirmative action employer.
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C. Conduct.
Assignability. The Grantee shall not assign or transfer any interest in this Grant
Agreement (whether by assignment or novation) without the prior written consent of the
HRA; provided, however, that the Grantee may lend the Grant to the Partnership.
2. Subcontracts.
(a) Selection Process. The Grantee shall undertake to insure that all contracts and
subcontracts let in the performance of this Grant Agreement shall be awarded
on a fair and open competition basis. Executed copies of all contracts and
subcontracts along with documentation concerning the selection process shall
be forwarded to the HRA upon request
(b) Monitoring. The HRA may monitor contracted services on a regular basis to
assure contract compliance. Results of monitoring efforts shall be summarized
in written reports and supported with documented evidence of follow-up
actions taken to correct areas of noncompliance.
(c) OSHA. Grantee shall require that contractors performing work being paid with
the Loan funds be in compliance with all applicable OSHA regulations,
especially the Federal Hazardous Waste Operations an Emergency Response
Standards (29 C.F.R. 1910.120 and 29 C.F.R. 1926.65).
13. MISCELLANEOUS.
A. Copyright. If this Grant Agreement results in any copyrightable material, the author is free to
copyright the work, but the HRA and/or the County reserves the right to royalty -free,
nonexclusive and irrevocable license to reproduce, publish or otherwise use, and to authorize
others to use, the work for government purposes.
B. Religious Organization. The Grantee agrees that funds provided under this Grant Agreement
will not be utilized for religious activities, to promote religious interests, or for the benefit of a
religious organization.
C. Plain Language Law. To the extent applicable, the Grantee shall comply with provisions of the
plain language law requiring written material produced for applicants and recipients to be
understandable to a person who reads at the seventh grade level (Minnesota Statutes, Section
268.0124, 1988).
D. Governing Law. This Grant Agreement shall be governed by, and construed in accordance with,
the laws of the State of Minnesota.
E. Counterparts. This Grant Agreement may be executed in two or more counterparts, each of
which shall be deemed an original, but all of which taken together shall constitute one and the
same agreement.
F. Acknowledgements. The Grantee shall acknowledge the financial assistance provided by the
HRA and County in promotional materials, press releases, reports and publications relating to
the Project. The acknowledgement should contain the following language:
6
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Financing for this project was provided by Hennepin County Environmental Response
Fund and the HRA ofMound.
Until the Project is completed, the Grantee shall ensure the above acknowledgement language,
or alternative language approved by the HRA, is included on all signs located at project or
construction sites that identify project funding partners or entities providing financial support
for the project
G. Limited Recourse. Except in the case of fraud or willful misconduct, neither Grantee nor any
partner, officer, director, shareholder, employee or agent of Grantee shall have any personal
liability for Grantee's obligations hereunder or under the Note or Mortgage, it being recognized
by the HRA that the obligations of Grantee hereunder and under such documents are
nonrecourse obligations and that the remedies of the HRA are limited to the security provided
hereunder.
(Signature pages follow.)
7
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(Signature page to Grant Agreement)
IN WITNESS WHEREOF, the parties have executed this Grant Agreement as of the date first written
above.
HOUSING AND REDEVELOPMENT AUTHORITY OF
THE CITY OF MOUND
R
Its:
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(Signature page to Grant Agreement)
AEON
R
Its:
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ACKNOWLEDGMENT OF TITLE
The undersigned hereby acknowledges and accepts the obligations of "Title" under the attached Grant
Agreement dated as of , 2016, between IKM Limited Partnership and the HRA of Mound.
IN FURTHERANCE WHEREOF, the undersigned has hereunto set its hand as of this day of
2016.
COMMERCIAL PARTNERS TITLE LLC
R
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Its
EXHIBIT A
ERF GRANT AGREEMENT AND ATTACHMENTS
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EXHIBIT B
DISBURSEMENT REQUEST FORM
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DISBURSEMENT REQUEST FORM
(Indian Knoll Manor Project)
Number
Date
The undersigned, pursuant to that certain ERF Grant Agreement dated as of
, 2016 (the "Grant Agreement"), by and between the Housing and Redevelopment
Authority of the City of Mound (the "HRA") and IKM Limited Partnership (the "Grantee"),
hereby certifies and requests as follows:
1. The Grantee requests that the following amounts be paid to Grantee by Title for payment
or reimbursement to the entities below for eligible costs under the Grant Agreement:
Name and Address ofPayee Amount Requested to be Paid
a.
b.
C.
d.
2. Attached hereto are invoices with respect to each item for which payment is requested
pursuant to paragraph 1.
3. The Grantee certifies that the disbursements are for Project Costs as defined in the Grant
Agreement.
4. The Grantee hereby requests the HRA to approve this Disbursement Request for payment
of the amounts listed in paragraph 1 hereof.
US.107935787.03
GRANTEE:
IKM LIMITED PARTNERSHIP
Fed. I.D. #81-0962531
By: 2020 Mound LLC
Its: General Partner
Its:
APPROVAL
This Disbursement Request is hereby approved by the Housing and Redevelopment
Authority of the City of Mound pursuant to Section 7 of the above-described Grant Agreement.
Dated:
HOUSING AND REDEVELOPMENT
AUTHORITY OF THE CITY OF MOUND
Its
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