JOINT POWERS AND PARTICIPATION AGREEMENT PROVIDING FOR A LOAN TO GRANITE FALLS ENERGY, LLCJoint Powers and Participation Agreement • June 12th, 2006 • Granite Falls Energy, LLC • Industrial organic chemicals
THIS AGREEMENT is entered into as of the 1st day of February, 2006, by and among the Granite Falls Economic Development Authority (“EDA”), the City of Granite Falls, Minnesota (the “City”), The Western Minnesota Revolving Loan Fund, a Minnesota nonprofit corporation (the “Western MN RLF”) and Chippewa County, Minnesota (the “County”) (collectively, the “Parties”, or individually, a “Party”). Each of the foregoing entities, other than the Western MN RLF, is a political subdivision of, or instrumentality of a political subdivision of, the State of Minnesota and a governmental unit within the meaning of Minnesota Statutes, Section 471.59 (the “Joint Powers Act”).
