HomeMy WebLinkAbout1995-214
Resolution No. 95- 214
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Resolution of Application for Approval of Mighty Ducks Capital Bonding Funds
WHEREAS, the Minnesota Amateur Sports Commission (MASC), via State Capital Bonding Fund,
provides for capital funds to assist political subdivisions of the state of Minnesota for the development
of sport facilities, and
WHEREAS, the City of Stillwater desires to construct and develop an ice arena for the sport of hockey.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
STILL WATER
I. Estimates that the total cost of developing said facility shall be $3,233,000 and the City of Stillwater
is requesting $250,000 from the Mighty Ducks Capital Bonding Fund and will assume responsibility
for a match requirement of$2,983,000.
2. The City of Stillwater agrees to own, assume 100 percent operation costs for said facility and will
operate said facility for its intended purpose for the functionailife of the facility which is estimated
to be 25 years.
3. The City Council of the City of Stillwater agrees to enter into necessary and required agreements
with the Minnesota Amateur Sports Commission for the specific purpose of constructing a sport
{' facility and long-term program direction.
4. That an application be made to the State of Minnesota, Minnesota Amateur Sports Commission, to
be included in the Minnesota Amateur Sports Commission's (Governor's) Capital Budget request for
an amount presently estimated to be $250,000.
5. That the Stephen S. Russell, Stillwater Community Development Director is authorized and directed
to execute said application and serve as the official liaison with the Minnesota Amateur Sports
Commission.
Certification:
I hereby certify that the foregoing resolution is a true and correct copy of the resolution presented to and
adopted by the City Council of the City of Stillwater at a duly authorized meeting thereof held on the
19th day of September, 1995, as shown by the minutes of said meeting in my possession,
Adopted by the City Council this 19th day of September 1995.
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City Clerk
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