BY COUNCILOR FENA:
RESOLUTION AUTHORIZING AN
AMENDMENT TO THE AGREEMENT FOR FORGIVABLE LOAN OF MINNESOTA INVESTMENT
FUND WITH UNITED HEALTHCARE SERVICES, INC.
RESOLVED, that the proper city officials are hereby authorized to enter
into an amendment substantially in the form of the copy on file in the
office of the city clerk as Public Document No. ____________________ to
the agreement for forgivable loan of Minnesota investment fund (MIF) with
United HealthCare Services, Inc. (UHS).
OF PURPOSE: The purpose of this resolution is to authorize
an amendment to the agreement for forgivable loan of MIF with UHS which
was passed by the city council on August 14, 2000. The format of that agreement
was provided by the department of trade and economic development (DTED).
After the agreement was approved by the city council, the parties realized
that provisions relating to assignment, mergers and consolidations were
not consistent with the provisions of the broader development agreement
between UHS, Duke Construction Limited Partnership and DEDA, which was
passed by the city council on June 12, 2000. As a housekeeping matter,
this resolution authorizes an amendment which places the MIF agreement
in conformance with the development agreement. DTED concurs with the amendment.