2003-052 Council Resolution - Laserfiche WebLink

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RESOLUTION NO. 03-52 REGARDING AMENDMENT OF THE AMENDED JOINT AND COOPERATIVE AGREEMENT FOR THE ADMINISTRATION OF A CABLE COMMUNICATIONS SYSTEM TO PERMIT THE ISSUANCE OF BONDS, OBLIGATIONS AND OTHER FORMS OF INDEBTEDNESS AND TO MODIFY THE PROCESS FOR WITHDRAWING FROM THE NORTH METRO TELECOMMUNICATIONS COMMISSION WHEREAS, The City of Lino Lakes, Minnesota (the "City") is a member of the North Metro Telecommunications Commission (the "Commission "), a municipal joint powers board organized pursuant to a Joint and Cooperative Agreement, as amended ( "Agreement "), adopted by the Cities of Blaine, Centerville, Circle Pines, Ham Lake, Lexington, Lino Lakes and Spring Lake Park, Minnesota (the "Member Cities ") pursuant to Minn. Stat. § 471.59; and WHEREAS, the Commission wishes to purchase a parcel of land in one of the Member Cities and to improve such parcel by completing a new operations/studio facility on that land (the "Project "), in order to exercise its powers and carry out its duties under Article VIII of the Agreement; and WHEREAS, Article VIII, § 2 of the Agreement states that the Commission may not contract for the purchase of real estate without the prior authorization of the Member Cities; and WHEREAS, the Commission voted on October 16, 2002, to authorize staff to pursue options for purchasing an appropriate parcel of land and to retain an architect to draft necessary architectural diagrams for the new studio facility; and WHEREAS, the Commission proposes to issue revenue bonds or similar obligations in a principal amount not to exceed $2,500,000 (the "Bonds ") in order to finance the Project; and WHEREAS, Minn. Stat. § 471.59, subd. 11 states that the governing bodies of the Member Cities must expressly authorize the Commission to issue bonds, obligations and other forms of indebtedness; and WHEREAS, the Agreement, as currently written, does not expressly authorize the Commission to issue bonds, obligations and other forms of indebtedness; and WHEREAS, it is necessary to amend the Agreement to permit the issuance of the Bonds and to ensure that each of the Member Cities remains responsible for its share of that indebtedness. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Lino Lakes, Minnesota as follows: 1. That Article II of the Agreement shall be amended to read as follows: