02/08/2006 Council Packet - Laserfiche WebLink

Home Search

Resolution City of Lino Lakes RESOLUTION APPROVING PARTICIPATION IN SUPPORTING A FOUR SHEET ICE FACILITY EXPANSION AND AUTHORIZING EXECUTION OF DOCUMENTS IN CONNECTION THEREWITH WHEREAS, the City of Lino Lakes in conjunction with the Cities of Centerville and Circle Pines have determined a need to provide its residents with access to an indoor ice arena intended to be used predominantly for youth athletic activities; and WHEREAS, the Minnesota Amateur Sports Commission ( "MASC ") and National Sports Center ( "NSC ") propose constructing and operating a facility consisting of four new ice sheet expansion (the "Facility ") to the Super Rink on the property of the National Sports Center located in Blaine, Minnesota; and WHEREAS, the City has been offered the opportunity to participate in the support of the operation of the new Facility for the purpose of supporting its community hockey association. WHEREAS, the financing of the Facility will be undertaken by the issuance of revenue bonds of the Anoka County Housing and Redevelopment Authority (the "HRA) backed by an annual appropriation lease purchase agreement of Anoka County, Minnesota (the County); and WHEREAS, the County and HRA have required , as a condition of their participation in the financing, a finding that the Facility's revenues and other available money will be sufficient to pay debt service with respect to the bonds; and WHEREAS, the County, the HRA, the MASC and the NSC will enter into one or more agreements setting forth the respective rights and obligations of the parties with respect to the Facility; and WHEREAS, the City is authorized by Minnesota Statutes, Section 471.191 to enter into an agreement with respect to support the financing the Facility; including securing its obligations pursuant to the agreement by a first charge on the gross revenues of the Facility and to provide for a the payment of operating costs of the Facility to the extent that revenues are insufficient therefore; and NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF LINO LAKES, MINNESOTA. 1) The City hereby determines and agrees to participate in the support of the operation and use of the Facility, provided that the City's participation shall be in an amount equal to one hundred percent (100%) of One of four ice sheets of the Facility ( "Percentage Share ") from September to March annually or 1340 hours