RES 26-12City of Elk River
City Council
Resolution 26-12
A Resolution of the City Council of the City of Elk River authorizing the
application to the Minnesota Innovative Business Development Public
Infrastructure grant program and the commitment of funds thereto.
BE IT RESOLVED, that the City of Elk River act as the legal sponsor for the project
contained in the Innovative Business Development Infrastructure Application to be
submitted on or before March 15, 2026, and that Mayor Dietz and the City Council are
hereby authorized to apply to the Department of Employment and Economic Development
for funding of this project on behalf of the City of Elk River.
BE IT FURTHER RESOLVED, that the City of Elk River has the legal authority to
apply for financial assistance, and the institutional, managerial, and financial capability to
ensure matching funds, adequate construction, operation, maintenance, and replacement of
the proposed project for its design life.
BE IT FURTHER RESOLVED, that the City of Elk River has not violated any Federal,
State or local laws pertaining to fraud, bribery, graft, 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 Elk River, may enter into an agreement with the State of Minnesota for the above
referenced project, and that it will comply with all applicable laws and regulations as stated in
all contract agreements.
BE IT FURTHER RESOLVED, that the source of the Applicant's matching funds shall
be the Economic Development Authority fund which has adequate funding to cover the
commitment.
BE IT FURTHER RESOLVED, that the City of Elk River has committed $150,000
towards the local match requirement.
BE IT FURTHER RESOLVED, that the City of Elk River will repay the grant if
milestones are not realized by the completion date identified in the Application.
BE IT FURTHER RESOLVED, that the City of Elk River certifies that it will comply
with all applicable laws, regulations, and rules of the Application.
BE IT FURTHER RESOLVED, that the sources and uses, private investors, equity, and
other financing commitments represented in the attached document are accurate.
NOW, THEREFORE, BE IT RESOLVED, by the City Council of the City of Elk
River, Minnesota, as follows: that Mayor Dietz and the City Council, or their successors in
office, are hereby authorized to execute such agreements, and amendments thereto, as are
necessary to implement the project(s) on behalf of the applicant.
Passed and adopted this 17t' day of February 2026.
Z �-- -Al �v
JoV. Y)ietz, �)r
ATTEST:
Jolene Ric Iter, Deputy City Clerk