HomeMy WebLinkAboutResolution No. 134-17 - SupportforDEED.MIF - Viryad.Inc.
RESOLUTION
BE IT RESOLVED, that the City of Rochester act as the legal sponsor for the project(s)
contained in the Minnesota Investment Fund Application to be submitted and that the Mayor and
City Clerk are hereby authorized to apply to the Department of Employment and Economic
Development for funding of this project on behalf of the City of Rochester.
BE IT FURTHER RESOLVED, that the City of Rochester has the legal authority to
apply for financial assistance, and the institutional, managerial and financial capability to
administer the proposed project.
BE IT FURTHER RESOLVED, that the City of Rochester 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
City of Rochester may enter into an agreement with the State of Minnesota for the above-
referenced project(s), and that the City of Rochester certifies that it will comply with all
applicable laws and regulations as stated in the Grant Contract and described in the Project
Compliance Certification of the Application.
AS APPLICABLE, BE IT FURTHER RESOLVED that the City of Rochester has
obtained credit reports and credit information from Viryad, Inc., and Stephen Russell, Jim
Hannon, Alice Bexon, and Kah-Whye Peng. Upon review by City Administration and the City
Attorney, 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 by the Common Council of the City of
Rochester that the Mayor and City Clerk, or their successors in office, are hereby authorized
to execute the Grant Contract and amendments thereto, as are necessary to implement the
project(s) on behalf of the applicant.
PASSED AND ADOPTED BY THE COMMON COUNCIL OF THE CITY OF
ROCHESTER, MINNESOTA, THIS __________ DAY OF _______________, 2017.
___________________________________
PRESIDENT OF SAID COMMON COUNCIL
ATTEST: __________________________
CITY CLERK
APPROVED THIS _____ DAY OF ______________________, 2017.
___________________________________
MAYOR OF SAID CITY
(Seal of the City of
Rochester, Minnesota)
Res15\\Support.MIF App1