5.3. SR 04-01-1996 - Laserfiche WebLink

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Resolution Paragraph 2 - Amendment The Board of Directors of the Elk River Independent School District No. 728, as required by the Real Estate Agreement, has reviewed the City's financing plan, and to the extent made necessary by the Real Estate Agreement and applicable law, does hereby approve of that plan (which is attached hereto as Exhibit A). By providing its approval to the financing plan, the Board does not on its behalf or on behalf of the School District, accept any responsibilities incidental to the financing plan. The Board does not intend that it or the District be financially liable to any of the parties to the plan. By this Resolution, the Board of Directors is simply acknowledging that the proposed plan appears to be consistent with the law and is designed to accomplish the goals outlined in the Real Estate Agreement and the Joint Powers Agreement between the City of Elk River and Elk River Independent School District No. 72.8 regarding the Elk River in-door ice arena expansion and improvement project. Joint Powers Agreement Paragraph 2 - Amendment Operation and Maintenance. The School District shall have no responsibility for the operation or maintenance of the Facility. The operation and maintenance of the Facility shall be the responsibility of the City, or such other entity to which the City delegates one or more of these responsibilities. The City and/or its delegates, shall operate and maintain the facility consistent with the Real Estate Agreement, applicable law governing the use of property used by public schools and the purposes for which this Joint Powers Agreement and the Real Estate Agreement are designed, the public and the public schools' use of the property and improvement subject to the Elk River Indoor Ice Arena expansion and improvement project. bd/misc/Ice