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Authorizing the City's Sponsorship of a Minnesota Investment Fund Application by UNREAL LLC for a Project Proposed Near 400 Snelling Avenue N in the United Village Development (District 13, Ward 1).
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WHEREAS, the City of Saint Paul act as the legal sponsor for the project contained in the Minnesota Investment Fund Application to be submitted on or about November 6, 2026, ("the Project"), and that the Mayor and City Clerk are hereby authorized to apply to the Department of Employment and Economic Development to acquire funding for the Project on behalf of the City of Saint Paul
WHEREAS, the City of Saint Paul has the legal authority to apply for financial assistance, and the institutional, managerial, and financial capability to administer the Project.
WHEREAS, the City of Saint Paul has not violated any Federal, State, or local laws pertaining to fraud, bribery, kickbacks, collusion, conflict of interest or other unlawful or corrupt practice.
WHEREAS, upon approval of its application by the State, the City of Saint Paul may enter into a Grant Contract with the State of Minnesota for the Project, and that the City of Saint Paul certifies that it will comply with all applicable laws, statutes, regulations, and rules as stated in the Grant Contract and described in the Project Compliance Certification of the Application.
WHEREAS, the City of Saint Paul has obtained credit reports and credit information on UNREAL LLC and Michael E Jordan. Upon review by the City of Saint Paul and the City of Saint Paul Attorney’s Office, 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 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 on behalf of the City of Saint Paul.