Laserfiche WebLink
• <br />RESOLUTION 95-64 <br />A RESOLUTION FOR THE CITI' OF ELK RIVER <br />A RESOLUTION OF APPLICATION AUTHORIZING FILING OF <br />APPLICATION AND E~GUTION OF FINAL AGREEMENTS WITH <br />TAE MINNESOTA AMATEUR SPORTS COMMISSION (MASC) TO <br />CONSTRUCT A SPORT FACILITI' UNDER THE PROVISION OF THE <br />STATE CAPITAL BONDING FUND <br />Vt'HEREAS, the Minnesota Amateur Sports Commission (1~2ASC), via the <br />State Capital Bonding Fund, provides. for capital funds to assist <br />political subdivisions of the State of Minnesota for the <br />development of sport facilities, and <br />V~'HEREAS, the City of Elk River desires to construct and develop an <br />addita.on to its existing Ice Arena for the sports of ice skating, <br />figure skating, hockey, indoor speed skating and dry floor <br />• activities. <br />NOW, THEREFORE, BE IT RESOLVED by the City Council of the. City of <br />.Elk River, Minnesota: <br />1. Estimates that the total cost of developing said facility <br />shall be X2.8 million and the Cit3~ of Elk River is <br />requesting X250,000 from the Mighty Ducks Capital <br />Bonding Fund and udll assume responsibility for a match <br />requirement of $250,000. <br />2. The City of Elk River agrees to own, assume 100 percent <br />(100%) operation costs for said sport facility, and will <br />operate said facility for its intended purpose for the <br />functional life of the facility which is estimated to be 30 <br />years. <br />3. The City of Elk River agrees to enter into necessary and <br />.required agreements v~~ith the Minnesota Amateur Sports <br />Commission foi• the specific purpose of constructing a <br />sport facility and long-term program direction. <br />4. That an application be made to the State of Minnesota, <br />Minnesota Amateur Sports Commission, to be included in <br />