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HomeMy WebLinkAbout1998-227RESOLUTION NO. 98-227 APPROVAL OF AGREEMENT BETWEEN CITY OF STILLWATER AND MIDWEST SPINE INSTITUTE BE IT RESOLVED by the City Council of Stillwater, Minnesota, that the Agreement with Midwest Spine Institute to help fund the purchase of the Zamboni ice resurfacer in exchange for the right to place advertising on the Zamboni per the following conditions: 1. Midwest would pay $60,000 to the City per the payment schedule showen under article 2b of the agreement. 2. Midwest would be allowed to place advertising on each side of the Zamboni. The City would reserve the right to place the "Ponies" logo on the front and/or back of the Zamboni. 3. Midwest would have the right to advertise for the useful life of the machine (i. e. for at least 15 years). 4. Midwest would be give a first option for the exclusive advertising rights on any new or replacement Zamboni in the future. 5. The Zamboni is to be painted white to provide flexibility for corporate advertising. is hereby approved, and the appropriate city staff is authorized to sign said Agreement. Adopted by Council this 1~ day of September, 1998. y L. Ki ble, Mayor ATTEST: c Morli eldon, City Clerk