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EXTRACT OF MINUTES OF MEETING <br />OF THE <br />CITY COUNCIL OF THE CITY OF ROSEVILLE <br /> <br />Pursuant to due tail acid notice thereof, a regular meeting of the City Council of the City of Roseville, <br />County of Ramsey, Minnesota was duly held on the 25th day of February, 2008, at 6:00 p.m. <br />The following members were present: Pust, Ihlan, Roe and Klausing <br />and the following were absent: Kough. <br />Member Pust introduced the following resolution and moved its adoption: <br />RESOLUTION No. 10597 <br />Resolution Supporting the Request For State Funds in the 2008 Capital Bonding Bill for the <br />Amount of $1,826,000 for Capital Improvements and Renovations at the <br />Guidant John Rose Minnesota OVAL <br />WHEREAS, construction of the Minnesota OVAL was funded jointly by the State and the City; and <br />WHEREAS, it was expected that revenues would cover operations and depreciation but have not; <br />and <br />WHEREAS, the OVAL Task Force was formed in March, 2005 to study the financial feasibility of <br />the OVAL; and <br />WHEREAS, the OVAL Task Force presented their final report at the City Council meeting of June <br />20, 2005, and <br />WHEREAS, the OVAL Task Force final report recommended pursuing a bonding bill for <br />capitalization depreciation; and <br />WHEREAS, in 2006 the City requested $960,000 for capital improvements and renovation projects <br />but only received $500,000 which did not cover the cost of all of the necessary projects; <br />and <br />WHEREAS, the City Council desires to complete the remaining projects that total $695,000; and <br />WHEREAS, the City Council want to follow the State of Mimiestoa's lead utilizing alternative, <br />ground source energy in the arena to heat and cool the Minnesota OVAL support <br />facilities for a total project cost of $1,131,000; and <br />2 <br />