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<br /> <br />Request for Action <br /> <br /> <br /> <br /> <br /> <br />To Item Number <br />Mayor and City Council 4.9 <br />Agenda Section Meeting Date Prepared by <br />Consent February 18, 2020 Cal Portner, City Administrator <br />Item Description Reviewed by <br />Support of Boys and Girls Club of the North Star – Peter Beck, City Attorney <br />ER Capital Improvement Financing <br />Reviewed by <br /> <br /> <br />Action Requested <br />Approve, by motion, a resolution of support for Elk River Boys & Girls Club to secure capital <br />improvement financing. <br /> <br />Background/Discussion <br />The Elk River Boys & Girls Club Branch CEO Ricky Solomon has contacted the city seeking support for <br />a building loan to replace their roof, install new carpeting, add a USDA kitchen and energy efficient <br />lighting. <br /> <br />The city has a ground lease with the club that requires city approval the addition of debt. The <br />organization, under the leadership of their Board of Directors, has been financially very stable over the <br />past decade. <br /> <br />MidWestOne is financing the improvements. They would like a resolution of support from the city <br />indicating we are aware of the loan. <br /> <br />Financial Impact <br />N/A <br /> <br />Attachments <br /> Resolution <br /> Boys and Girls Club Board Resolution <br /> <br /> <br />