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City of Elk River <br />City Council <br />Resolution 18- 70 <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 17'h day of December 2018. <br />Bi <br />J J. Di tz, M - <br />ATTEST: <br />ro <br />Tina Allard, City C erk <br />r01EIEI Ir <br />NATURE <br />