HomeMy WebLinkAbout92-015 CITY OF LAKEVILLE
RESOLUTION
. Date January 21, 1992 Resolution No. 92-15
Motion By Mulvihill Seconded by xarvey
RESOLUTION AUTHORIZING PREPARATION OF
MEMORANDUM OF UNDERSTANDING
RELATING TO PROPOSED ICE ARENA PROJECT
WHEREAS, the Lakeville Community Corporation (LCC),
Lakeville Hockey Association (LHA), the City of Lakeville (City)
and Independent School District #194 (District) have had
preliminary discussions and meetings regarding the possible
construction of an approximately 40,000 square foot ice arena on
land to be donated by the District adjacent to the new senior
high school; and
WHEREAS, based upon said discussions and meetings, it
appears that the parties are in general agreement as to the
format for the ownership, operation and financing of the
facility; and
WHEREAS, prior to the parties undertaking further
work and incurring further expense to bring the project to
• fruition, and to evidence the commitment of the parties to the
successful completion of the project, it would be desirable to
execute a written memorandum of understanding regarding the
project setting forth the proposed financing structure, the
general provisions of the financing documents and the respective
future roles and responsibilities of the parties with regard to
the project.
NOW, THEREFORE, BE IT RESOLVED by the City Council of
the City of Lakeville,. Minnesota, that the City's Bond Counsel,
Dorsey & Whitney, is authorized and directed to prepare, on or
before February 1, 1992, a Memorandum of Understanding covering
the foregoing topics for review by the LCC, LHA, City and
District.
APPROVED AND ADOPTED this 21st day of January, 1992
by the City Council of the City of Lakeville.
CITY OF EVILLE
BY:
D ane Zaun, yor
`3'TEST s „
• Charlene Friedges, C',y Clerk