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1992_0608_packet
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1992_0608_packet
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10/28/2011 3:26:14 PM
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Department Approval: <br />pM <br />1$0111171111 4 <br />Manager Reviewed: <br />1.111ftAl <br />DATE: <br />ITEM NO <br />,01 <br />It,em DescriipIt ion: Resolution and, Grant Agreement with thi-f <br />Minnesota Amateur Sports'Commission <br />:40 <br />POLICY OBJECTIVE <br />0 1 5 0 0 <br />This request is consistent, with Previous authorizations for applica- <br />tion for state funding for the John Rose Minnesota Oval. The agree <br />m,en,t binds the City only after several, conditions have been met which <br />0 di <br />include the complietion, of hearings and, the commitment of the local <br />match .1 <br />FINANCIAL IMPLICATIONS <br />1i 0 <br />This resolution has, no f iscal implications but does require the C ity <br />tol.provide a, $1 Million match when the final commitment 'is madel <br />STAFF RECOMEN'DATIIONS <br />After discussions with the Minnesota Amateur Sports Commission, the <br />staff' recommends that the City Council adopt the resolution authoriz- <br />ing the, Mayor and, C'i,ty Manager to, enter 'into an agreement with the <br />I <br />Minnesota, Amatieur Sports CommiLssion for the State to reserve $1.9 <br />Million for the construction of the John Rose Minnesota Oval. <br />CoTil,", CIL ACTIO11" RE04ESTED <br />Motion author izing the attached resolution and further authoriz ing the <br />0 <br />Mayor and, C ity Manager to sign a contract w 16th the M innesota Amateur <br />Sports Commiession, for the receipt of' $1.9 Million for the construction <br />of the John Rose Minnesota OvalW <br />
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