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<br />1380 vk{ain StrN!t .,_t! CenterviLYe; i)V[rJ{ 550JS
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<br />STATE OF MINNESOTA
<br />COUNTY OF ANOKA
<br />CITY OF CENTERVILLE
<br />
<br />RESOLUTION #02-068
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<br />REGARDf'iG AMEND]UENT OIP' THE AMENjJ}iED JOINT AND COOPERATIVE
<br />AGREEIHKNT 'FOR Tin: ADMINISTRATION OJ<' A CAB1"E COMMUNICATIONS
<br />SYSTEM TO PERMIT THE ISSUANCE Olf BONDS, ODlJGA nONS AND OiRIER
<br />FORY[S OF INDEBTEDNESS AND 'fG MOm}?'! TU]': PROCESS FOR
<br />WRTHDRA WIN{; FROM THE NORTULVn=TJJW 'l :':LECOMMVNJCATJONS
<br />COMM!SSION
<br />
<br />HIE crry OF CENTERYU:LIE .KESOLV~=S:
<br />
<br />\VJl[:::1RE/\S, The :ity of CenterviHe, rvI1TlD<-:scta (the <"C'ity") 1S a m.crnber 0 i:he
<br />;A 'C' , , """ (h 'C' ., '" .. I" '1
<br />lVletro 1. CLeC-,'-)r''''nnuwcat~_O:lS CCH::1.trnSslon ) e.L orp':"l1s;_~;on'}, a '.TI11ntClpa ,jDint pOli'l/ers ooar.c~
<br />organized r ' ~,,,HLnt to a Joint and Ccop(~,ati"/\3 !\:irc0mC~:1t, as amenJed C'A._, .~~n~ It'), adDpt~d
<br />by the Citie:j of Blaine, Cer1t~r ilk, Circle Pines, 'fIanl ..ake, Lexington, Lino L;:; ~~ and Spring
<br />Lake Park, Mi/lnesoii (the "jVl,)ber Cities") punmant (0 Minn. StaL :~ 471.59; r
<br />
<br />'?VTlE'~?~F,\S, tbe Cc'~n.r'--'is.)~on YVlshe.') to purcha.c'~ [1, nared ()f landiI1 one of {he ?dernber
<br />Cities and toic:prove such parcel by conlplet1,ng a }-.",'Vv operations/studio EtcJity cn that land
<br />(the "Project''), in order to exercise its powers ,me! (<irfY Ol,rt its dlldeE' llllder _Artid~ ';/1'n of the
<br />Agreernent; and
<br />
<br />WH1E;R'E.'~", Article VlH, 02 of the i\gre3!Jj';nt states that the ( (),nnmSlon may root
<br />contract)~)[ the purchase of rea1 estate without the r "ior a: horizatioll of the Ivlernber Cities: [1.]1(:
<br />
<br />"'fHLHl1!.;AS, the Clil{Hiti5::;:C~ '.'~.:;:~~(~ C\!1 Or:tober I ;~, 2002, to authorize sL.,'f to pur~.uc
<br />options for purcha~.ing :1.0 appropriate parcel of land and 'k: ret<lrn an architect to draft nece:-;;..;ckj-j
<br />architectural diagrams for the new studio facilit',l: and
<br />
<br />WHEREAS, the COlr"'1ission proposes to issue revenue honds or similar obligation:, in a
<br />principal amount not to exceed 52,500,000 (the "Bonds") in ol'er to finance the Project; and
<br />
<br />VI> IIEREAS, Minn Stat. ~ 471.59, subd, )] states that the governlng [lodies of the
<br />fvfelnoer Cities m.ust expressly authorize ill\'; Comfnisslon to issue bonds, obiif,3-tic. ;s and other
<br />forms of indebtedness; qnd
<br />
<br />"lIn:![U~AS, the Agreement, as currently written, does !lot exprcss;y authorize the
<br />Commission to issue bonds, Clbiigations and other forms of indebtedness; and
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