RESO 24-065 - Dissolve JPA - West Metro Home Remodeling FairRESOLUTION NO. 24-065
A RESOLUTION TO DISSOLVE THE JOINT POWERS AGREEMENT BETWEEN
THE CITY OF GOLDEN VALLEY, THE CITY OF MINNETONKA, THE CITY OF SAINT
LOUIS PARK, HOPKINS COMMUNITY EDUCATION, AND SAINT LOUIS PARK
COMMUNITY EDUCATION FOR THE WEST METRO HOME REMODELING FAIR
WHEREAS, on December 7, 2021 a Joint Powers Agreement was signed by the
City of Golden Valley, the City of Minnetonka, the City of Saint Louis Park, Hopkins
Community Education, and Saint Louis Park Community Education (“Participants”) to
establish the West Metro Home Remodeling Fair (“JPA”); and
WHEREAS, the Participants entered into the JPA pursuant to the provisions of
Minn. Stat. § 471.59; and
WHEREAS, the Participants established the JPA with the goal to host an annual
home remodeling fair to promote improvements to housing and provide community
education opportunities in the participating communities; and
WHEREAS, the Participants agree to dissolve the JPA; and
WHEREAS, the JPA provides that upon termination, the Participants shall provide
for the distribution of all fair funds and assets in the following manner: “The Parties may
determine to sell and liquidate non-monetary assets prior to distribution, and assets and
funds shall be distributed to the Participants in proportion to their contributions”; and
WHEREAS, the JPA provides that the JPA may terminate when a majority of
Participants agree to terminate this Agreement upon a certain date.
NOW THEREFORE, BE IT RESOLVED, BY THE CITY COUNCIL OF THE CITY
OF GOLDEN VALLEY, MINNESOTA that this resolution provides notice of the City of
Golden Valley and Participants intent to dissolve the JPA effective upon a majority of the
participants’ notification of intent to dissolve.
BE IT FURTHER RESOLVED, that the City Manager is directed to transmit this
Resolution dissolving the JPA to the other Participants and is further directed to ensure
that the City of Golden Valley has met its full financial obligation to the West Metro
Home Remodeling Fair by the effective date of dissolution.
Passed by the City Council of the City of Golden Valley, Minnesota this 6th day of
November, 2024.
Docusign Envelope ID: 06FAD29C-CA38-471C-A773-CDA030EFAE0D
Resolution No. 24-065 November 6, 2024
_________________________________
Roslyn Harmon, Mayor
Attest:
___________________________
Theresa Schyma, City Clerk
Docusign Envelope ID: 06FAD29C-CA38-471C-A773-CDA030EFAE0D
JOINT POWERS DISSOLUTION PLAN FOR THE
WEST METRO HOME REMODELING FAIR
I. Date of Dissolution Plan: November 18, 2024
II. Determination of Intent to Dissolve:
It is the intent of the Parties to have a majority of the participants pass a resolution
to dissolve the West Metro Home Remodeling Fair. The City of Golden Valley, the City
of Minnetonka, the City of Saint Louis Park, Hopkins Community Education, and Saint
Louis Park Community Education are Participants in the Joint Powers Agreement for the
West Metro Home Remodeling Fair. In accordance with this agreement, St. Louis Park
has developed this dissolution plan with the consent of a majority of the participants.
III. Determination of Assets and Liabilities:
See attached report of the Fiscal Agent (Saint Louis Park) which will include a
summary of Assets and Liabilities. Assets include, but are not limited to:
- Domain name (fair market value) – “homeremodelingfair.com”
- Supplies including tables, power cords, tents, monitors, computers, etc.
The Parties shall cooperate to sell and liquidate non-monetary assets prior to
distribution. Assets and funds shall be distributed equally to the Participants.
IV. Payment of Debts, Allocation of Surplus, and tax liability:
See report of Fiscal Agent (Saint Louis Park)
V. Determination of need for audit of Fiscal Agent records:
The Parties accept the Fiscal Agent’s final report without requiring an audit.
VI. Determination of need for tail insurance:
Tail insurance is unnecessary because the agreement does not create a “joint
powers entity” as defined by Minn. Stat. § 471.59.
VII. Completion of Obligations:
Representatives from the Cities of Saint Louis Park and Golden Valley shall
ensure that the obligations required under the agreement have been met.
VI. Records Retention:
Docusign Envelope ID: 06FAD29C-CA38-471C-A773-CDA030EFAE0D
All documents and records of the West Metro Home Remodeling Fair shall be
maintained and destroyed by the representative of Saint Louis Park in accordance with
the MGDPA and the Record Retention Schedule for MN Cities.
VIII. Date of Dissolution:
The West Metro Home Remodeling Fair is dissolved effective as November 18,
2024.
Docusign Envelope ID: 06FAD29C-CA38-471C-A773-CDA030EFAE0D