Laserfiche WebLink
<br /> <br />REQUEST FOR ACTION <br /> <br />To <br />Ci Council <br />Agenda Section <br />Consent <br />Item Description <br />Amendment to the Agreement By and Between the City of Elk <br />River and the Elk River Fire & Ambulance for Use of Fire <br />Personnel and Facilities <br /> <br />Meeting Date <br />A st6,2007 <br /> <br /> <br />Administrator <br /> <br />Reviewed by <br /> <br />Action Requested <br />Approval of the Amendment to the Agreement by and between the City of Elk River and the Elk River <br />Fire and Ambulance Service for Use of Fire Personnel and Facilities. <br /> <br />Backzround/Discussion <br />On November 8, 2005, the City entered into an Agreement by and between the City of Elk River and the <br />Elk River Fire and Ambulance Service for Use of Fire Personnel and Facilities (Agreement) for <br />construction of an expansion to Fire Station 1 to accommodate the Ambulance Service. Now that the <br />work has been completed, the final construction costs determined, and prepayments have been received <br />from the Ambulance Service, the Ambulance Service has requested that the Agreement be amended to <br />reflect that information. The Elk River Fire and Ambulance Service Board approved the proposed <br />Amendment at a recent board meeting. <br /> <br />The Amendment modifies paragraphs 8, 11, and 14 of the Agreement. Paragraph 8 now states the <br />amount of the loan currently outstanding, the interest rate, and when interest begins accruing. The <br />Ambulance Service has made substantial pre-payments in excess of the original projections; therefore, the <br />loan balance is lower than originally estimated. Paragraph 11 clarifies the lease period starting date which <br />will be January 1, 2012. The term of99 years does not change. Finally, paragraph 14 changes slightly the <br />language about withdrawing from the agreement. The language now includes a provision that the <br />Ambulance Service shall pay the entire amount of principal and interest due at the time it withdraws if the <br />loan has not been paid in full. The new language also requires that the City provide one year's written <br />notice to withdraw to the Ambulance Service so that the Ambulance Service has adequate time to find a <br />new location. <br /> <br />Financial Impact <br />None. <br /> <br />Attachments <br />· Amendment to the Agreement By and Between the City of Elk River and the Elk River Fire and <br />Ambulance Service for use of Fire Personnel and Facilities <br />· Agreement By and Between the City of Elk River and the Elk River Fire and Ambulance Service <br />for use of Fire Personnel and Facilities <br /> <br />s: \Council\Lori\2007\Fire and Ambulance Agreement Amendment 08 06 07.doc <br />