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12 <br />COUNCIL WORK SESSION <br />October 14, 1991 <br />Mr. Schumacher was concerned about entering into any agreement whereby we <br />would liable for any dollars. <br />Council Member Kuether had some questions with the agreement in the area of <br />finances, operating expenses, market values, and no compete clauses. <br />Council Member Neal raised the issue of the dome, and would like the city placed on <br />any insurance forms in case something should happen to the facility. That way we <br />would be assured of some compensation. Mr. Neal asked who would be running the <br />restaurant. Mr. Monson replied that they would run it themselves. <br />The question of the dome was raised and the problems the Building Official had with <br />a possible variance. Mr. Monson stated that Lakeville and White Bear Lake have both <br />granted variances for the dome facilities within their communities. Fire Chief Bennett <br />stated that he would like to see the plans prior to any construction. <br />Council Member Reinert asked Mr. Schumacher how the city would not be responsible <br />for bonds when the bonds had the city listed on them. Mr. Schumacher explained <br />Industrial Revenue Bonds and how mortgage or insurance companies are responsible <br />in these situations. Mr. Monson stated that this issue was no longer valid as they <br />have secured their own financing. Mr. Reinert questioned the validity of the <br />document if the clause was incorrect. <br />The council instructed Inside Sports to return at a latter date with a revised document <br />that had been reviewed by Mr. Batty and the Fire Department. <br />Meeting was adjourned at 6:32 P.M. <br />These minutes were considered, corrected and approved at a regular meeting <br />of the Lino Lakes City Council meeting held on October 28, 1991. <br />, ('-7? < , <br />Marilyn;/G. Anderson, <br />Harold L. Bisel, <br />Clerk - Treasurer Mayor <br />Page 2 <br />