2006-034 Council Resolution - Laserfiche WebLink

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• • CITY OF LINO LAKES RESOLUTION NO. 06 -34 RESOLUTION APPROVING AN AMENDED AND RESTATED DEVELOPMENT AGREEMENT BETWEEN THE CITY OF LINO LAKES AND YMCA OF GREATER SAINT PAUL BE IT RESOLVED By the City Council ( "Council ") of the City of Lino Lakes, Minnesota ( "City ") as follows: Section 1. Recitals. 1.01. Under Minnesota Statutes, Sections 471.15 to 471.191 (the "Recreation Act "), the City is authorized to acquire, equip and maintain recreational facilities, and also to cooperate with a nonprofit organization in the operation of such a recreational program in any manner in which the parties mutually agree. 1.02. In furtherance of a cooperative program under the Recreation Act the City and the YMCA have entered into a certain Development Agreement, dated June 16, 2005 (the "Development Agreement "), which specifies the parties' anticipated responsibilities regarding the development and financing of a recreational facility. 1.03. The Development Agreement is proposed to be amended and superseded by the Amended and Restated Development Agreement, to be dated on or after March 1, 2006 (the "Amended and Restated Development Agreement "), between the City and the YMCA, which specifies the parties' anticipated responsibilities regarding the development and financing of a facility that includes a teen center, gym, indoor lap swimming pool, leisure style zero -depth pool, cardiovascular /strength training area, aerobic studio, family program space, women's, men's and family locker rooms, and Kids Stuff childcare (the "Facility "). 1.04. The Facility will be constructed by the YMCA on land currently owned by the City (the "Site "). 1.04. The Amended and Restated Development Agreement contemplates, among other things, that the City will convey or lease the Site to the YMCA without cost to the YMCA, and further that the City will contribute $2,350,000 in funds toward construction of the Facility, which will include a zero -depth pool, all subject to the terms of definitive agreements to be entered into by the parties. 1.05. The Council has reviewed the Amended and Restated Development Agreement. Section 2. City Approval; Further Proceedings. 2.01. The Amended and Restated Development Agreement as presented to the Council is • hereby in all respects approved, subject to modifications that do not alter the substance of the