06-9728r
RESOLUTION NO. 9728
RESOLUTION AUTHORIZING THE MAYOR AND CITY MANAGER
TO EXECUTE AN AGREEMENT WITH THE CITY OF RICHFIELD AND THE RICHFIELD
HISTORICAL SOCIETY FOR THE PRODUCTION OF A 2008 CENTENNIAL BOOK
WHEREAS, the City of Richfield will celebrate its Centennial in 2008; and
WHEREAS, the City wishes to celebrate the Centennial event including the
production of a Centennial book, and
WHEREAS, the City of Richfield does not have the staff nor is it in the best position
to produce such a document; and
WHEREAS, the Richfield Historical Society has stated a willingness to undertake
the production of a Centennial book for Richfield; and
WHEREAS, the Richfield Historical Society does not have the funding available to
begin the production of the Richfield Centennial book and desires financial assistance from
the City in this project; and
WHEREAS, the City Council of the City of Richfield desires to assist the Historical
Society in the production of the Centennial Book by providing an interest free loan to the
Richfield Historical Society in an amount not to exceed $20,000; and
WHEREAS, MN Statutes 471.93 authorizes cities to pay for the costs of producing
a publication that would commemorate a city's Centennial, providing such action is taken
at either a regular or properly noticed special meeting.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Richfield
as follows:
1) That the Mayor and City Manager of the City of Richfield are hereby authorized
to execute a Memorandum of Agreement between the Richfield Historical
Society and the City of Richfield which provides for an interest free loan from the
City to the Historical Society in an amount not to exceed $20,000.
2) That the City be repaid in full for any amounts loaned to the Historical Society
from the first $20,000 of proceeds received form the sale of the Centennial book.
3) That the City be entitled to purchase copies of the Centennial book at "cost" from
the Historical Society.
4) That the specific terms of the loan and repayment be incorporated into above
Memorandum of Agreement.
5) That the funds loaned to the Richfield historical Society be used only for the
production of the Centennial book.
Adopted by the City Council of the City of Richfield, Minnesota this 14th day of
February, 2006.
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Martin J. KirscJ1';-Mayor
ATTEST:
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