12.02 Business Development Public Infrastructure (BDPI) Resolution

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Applications will be accepted and awarded on an open application basis (pipeline) until all funds are committed. Please submit one original and one copy of the application to DEED at the address listed below. Electronic or fax submissions will not be accepted. Minnesota Department of Employment and Economic Development/Community Finance 1rt National Bank Building 332 Minnesota Street,Suite E200 St. Paul, Minnesota 55101-1351 Resolution A resolution indicating applicant eligibility,approval of the project, and the commitment of matching and any other funds necessary to complete the project, must be completed and submitted with the application. (A sample resolution has been provided for your convenience). You may choose to re- format this resolution but make sure to include all of the statements that appear in the sample resolution. legal Description A legal description of where the public infrastructure will be placed may be needed in the grant agreement and potentially a legal declaration recorded on the property. Do not prematurely record a declaration prior to being awarded the grant. Conflict of Interest The "Conflict of Interest Disclosure Form" provided must be completed, signed and submitted with the application. OTHER IMPORTANT PROGRAM INFORMATION The following information is not directly addressed in authorizing legislation, but are helpful tips and administrative guidance for applying and administering a BDPI grant. Cities or Counties considering an application are encouraged to contact DEED prior to completing the application. Interaction with DEED staff could provide valuable input regarding eligibility, selection, and availability of funds. The Applicant must be the owner of the proposed public infrastructure. Construction projects cannot be awarded to a contractor(by the city or county)or started prior to being awarded the grant. Hospitals, medical clinics, housing, hotels, casinos and sports facilities and other type of development may be ineligible projects. If you have a project that is not a clear match with those listed under Eligible projects, please contact DEED staff prior to applying. Funds cannot be used for privately owned infrastructure.A limited amount of funding may be available for site preparation of property owned and to be used by private entities. The required 50 percent match must be used on grant eligible capital costs. BDPI funds will be the last funds committed to a project. The match, and any other funds that are necessary to complete the project,will need to be committed and documented as full funding at the time of the application. Full funding documentation for the project will need to be approved by DEED and the Department of Management and Budget(MMB) prior to an award notice. fxamples of Full Funding DowmerKation Cash in hand—bank statements for segregated accounts, copies of checks 3