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�j <br /> City of <br /> Elk City of Elk River <br /> Wver City Council <br /> Resolution 17- <br /> A Resolution of the City Council of the City of Elk River Authorizing an <br /> Interfund Loan for Pinewood Golf Course Startup Funds <br /> WHEREAS, the city owns Pinewood Golf Course and has determined that the continued <br /> operation of the golf course would serve a public purpose and provide a benefit to its <br /> residents. <br /> WHEREAS, the city has approved a management agreement with Elk River Country Club <br /> for the purpose of operating,managing and maintaining Pinewood Golf Course. <br /> WHEREAS, it is deemed in the best interest of the community to approve the interfund <br /> loan to provide startup funds for the operations of Pinewood Golf Course. <br /> NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Elk <br /> River,Minnesota, as follows: Authorize the interfund loan of$20,000 for the startup of <br /> Pinewood Golf Course from the GRE Reserve Fund. <br /> Passed and adopted this 3rd day of April 2017. <br /> John J. Dietz,Mayor <br /> ATTEST: <br /> Tina Allard, City NATUREJ <br />