5.3. SR 04-01-1996 - Laserfiche WebLink

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RESOLUTION NO. 96- BOARD OF OOMMI$$:ION~'RS P ' ~ ~ ~ :~:: ELK RIVER INDEPENDENT SCHOOL DISTR'ICT NO. 728 A RESOLUTION APPROVING THE ELK RIVER ICE ARENA EXPANSION PROJECT AND APPROVING THE FINANCING FOR THE ELK RIVER ICE ARENA EXPANSION PROJECT P003 WHEREAS, the City of Elk River (the City), with &¢ cooperation of the Elk River Youth Hockey Association, is proceeding with a project to expand and improve the existing Elk River Indoor Ice Arena (the Project); and WHEREAS, WHEREAS, the Project includes thc construction of a second indoor ice arena to be constructed adjacem to and integrated with the existing Elk River Indoor Ice Arena; and the intent of the Project is that the expanded and improved indoor ice arena facility will be usexl predominately for youth athletic activities, including activities sponsored by Elk River Independent School District No. 728 (the $chonl District); and WHEREAS, the City and the School District have entered into a Real Estate Agreement pursuant to which the School District is selling property to the City for the Project; and WHEREAS, the School Distri~ has agreed in the Real Sstate Agreement to cooperate in thc Project by the adoption of a resolution approving the arena and its financing, as required by Minnesota Statutes. Section 475.58, $ubd. 3(a)(2). NOW, THEREFORE, the Board of ~ of Elk River Independent School District No. 728 do resolve as follows: 1. The Board of Con-..m~s[engrs of Elk River Independent School District No. 728 dOeS hereby approve of the Elk River Indoor lee Arena expansion and improvement project; and 2. The Board/~f Cornmissiffners of Elk Ri~r Indcpen~nt School l~4strict No. 728 hereby approve of the fi~lncing plan, ~*tached as Exhi~t A to this fcsoluti~_[~9_n~ IkFp3_~_~iver Iffdoor Ice Arena expansion a~d improvem~t project. / -(~c e 4/4~ ct~ ~ This resolution pa.qsed and adopted the 25th day of March, 1996. ELK RIVER INDEPENDENT SCHOOL DISTRICT NO. 728 By:_ Its:. Its: