84-6965R8
RESOLUTION N0. 6965
RESOLUTION AUTHORIZING THE EXECUTION
OF A JOINT POWERS AGREEMENT WITH
THE CITY OF PRIOR LAKE
BE IT RESOLVED by the City Council of the City of
Richfield:
1. The City of Richfield and the City of Prior Lake
are desirous of entering into a joint powers agreement
pursuant to Laws 1984, Chapter 582 for the sharing of
entitlement amounts of industrial development revenue bond
financing.
2. This Council has reviewed a proposed joint powers
agreement between -the Cities for the purpose stated in
Section 1, and finds that the execution of the agreement is
in the best financial interest of. the City of Richfield..
3. The Mayor and City Manager are authorized and
directed to execute the agreement on behalf of the City.
4. The City Manager is directed to transmit a cer-
tified copy of the resolution to the City Clerk of the City
of Prior Lake.
Passed by the City Council of the Cit~ofiRich~~lfl this 22nd
day of October, 1984. /J //
Mayor
Attest: