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<br />. <br /> <br />. <br /> <br />. <br /> <br />RESOLUTION 86- 49 <br /> <br />A RESOLUTION APPROVING Dougherty DRwki TIS <br />FINANCIER OF THE $250,000 PUBLIC WORKS FACILITY <br /> <br />AS <br /> <br />WHEREAS, the City of Elk River wishes to construct a public works <br />facility; and, <br /> <br />WHEREAS, the public works facility construction costs will not <br />exceed $250,000; and, <br /> <br />WHEREAS, general fund operating monies will be used to finance <br />the lease payments; and, <br /> <br />WHEREAS, on termination of the lease payments, the City will be <br />owner of the public works facility; and, <br /> <br />NOW, THEREFORE, BE IT RESOLVED that the City of Elk River proceed <br />with the financing arrangements for the public works <br />facility through DOllehprty DRwkins on a <br />lease purchase agreement contingent upon review by our <br />Legal and Bond Council. <br /> <br />Passed and adopted this 21st day of July, 1986 by the City <br />Council of the City of Elk River. <br /> <br />~L' -7~ <br />(~;;~ ~c. ;)~~. v. <br />Richard Hinkle, Mayor <br /> <br />ATTEST: <br /> <br />2~ }) ~apu <br /> <br />Patrick D. Klaers, City Administrator <br />