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City of <br /> Elk City of Elk River <br /> Wver City Council <br /> Resolution 18- <br /> A Resolution of the City Council of the City of Elk River Supporting the Bank <br /> Refinancing for the Boys & Girls Clubs of the North Star- Elk River Branch <br /> WHEREAS, The City of Elk River has and continues to be a strong supporter of the Boys <br /> & Girls Club of the North Star—Elk River Branch;and <br /> WHEREAS, the city has a Ground Lease Agreement dated March 16, 1999,with the Elk <br /> River Branch; and <br /> WHEREAS, the Branch is seeking to refinance existing debt without adding new debt; <br /> and <br /> NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Elk <br /> River,Minnesota, as follows: the city is aware of and supports the improved financial <br /> position which would result from said refinancing <br /> Passed and adopted this 171h day of December 2018. <br /> John J. Dietz,Mayor <br /> ATTEST: <br /> Tina Allard, City NATUREJ <br />