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Mounds View City Council June 11, 2001 <br />Regular Meeting Page 16 <br /> <br /> <br />Council Member Stigney indicated he had no problem proceeding but stated that in the future he <br />would like to look at other avenues. <br /> <br />Council Member Marty stated he believes the matter comes up once per year and Council makes <br />a decision as to what bank is the official bank of the City and then noted that Western Bank has <br />done a good job for a number of years for the City. He further stated he would rely on the Bank’s <br />judgment and could find no argument with that judgment. <br /> <br />Council Member Stigney stated it was not Western Bank’s judgment to tie up City money. <br /> <br />Council Member Thomas indicated Council was discussing two separate issues. She then noted <br />the bond had been called and needed to be dealt with. She further noted that what do with City <br />money is a separate discussion from this issue. <br /> <br />Ayes – 5 Nays – 0 Motion carried. <br /> <br />G. Consider Resolution 5569 Authorizing the Execution of an Agreement <br />Between the City of Mounds View and the Minneapolis Metro North <br />Convention and Visitors Bureau. <br /> <br />Economic Development Coordinator Parrish indicated this agreement would govern the terms <br />and conditions between the City and the Convention and Visitors Bureau. He then indicated that <br />there were a few changes made to the agreement and listed them for Council. The first is the term <br />will be August 1, 2001 not December 31, 2001 and the second is an added phrase that reads: <br />“nothing in this paragraph shall be deemed to be a waiver by the City of any limitations on or <br />immunities from liability set forth in Minnesota Statutes, Chapter 466, or otherwise.” <br /> <br />Council Member Marty noted the City would receive a $4,000 contribution. <br /> <br />Economic Development Coordinator Parrish indicated the City would receive $2,000 for the <br />Chamber of Commerce and $2,000 for a City festival. <br /> <br />City Attorney Riggs noted that the agreement may be terminated by providing notice and shall be <br />effective December 31 of the calendar year following that notice. <br /> <br />John Connelly noted that the City can terminate the agreement after one year if they are no <br />satisfied with the relationship. He then noted that the reason termination becomes effective on <br />December 31 of the following calendar year after the initial trial year is due to the fact that the <br />Convention and Visitors Bureau makes a significant investment in printed materials that will be <br />out in the market long beyond termination of the agreement. <br /> <br />Council Member Stigney noted that if the City wished to terminate the agreement on January 1, <br />2002 it would not be effective until December 31, 2003. He then questioned how that would <br />benefit the City.