2006-028 Council Resolution - Laserfiche WebLink

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• Council Member z It z— introduced the following resolution and moved its adoption: CITY OF LINO LAKES RESOLUTION NO. 06-28 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 Circle Pines and Centerville 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; and WHEREAS, the City is interested in promoting public skating programs such as open skating, learn to skate, figure skating, and senior skating at the new arena through its Parks and Recreation Department. 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