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04-41 - 06-01- Addendum to Joint Powers with Perpich Center Resolution 04-41 June 1, 2004 Member Freiberg introduced the following resolution and moved its adoption: RESOLUTION APPROVING ADDENDUM TO THE JOINT POWERS AGREEMENT WITH THE PERPICH CENTER FOR ARTS EDUCATION FOR THE CONSTRUCTION OF A STORM WATER POND BE IT RESOLVED by the City Council of the City of Golden Valley, Minnesota, as follows: WHEREAS, the City of Golden Valley, Minnesota, enter into the Addendum to the Joint Powers Agreement (JPA) with the Perpich Center for Arts Education; and WHEREAS, the PCAE and the City wish to amend certain provisions of the JPA related to encumbrance of funds and payment of invoices. NOW, THEREFORE, BE IT RESOLVED by the City Council for the City of Golden Valley that: 1. That Clause II.A.2 is amended as follows: City shall promptly reimburse PCAE 73% of the amount of each paid invoice submitted by PCAE to the City. 2. That Clause II.6.2 is amended as follows: PCAE shall pay 27% of the costs of design and construction. Immediately after completion of the bidding process and selection of the construction contractor, PCAE shall encumber 100% of the design and construction costs and provide evidence of this to the City. 3. That Clause II.6.3 is amended as follows: PCAE shall pay the total amount of each invoice submitted under contract(s) entered into to implement the JPA. PCAE will then submit a copy of each paid invoice to the City for reimbursement. PCAE will decrease its encumbrance by the amount of the reimbursement received from the City for each paid invoice. 4. That except as amended herein, all other terms and conditions of the JPA remain unchanged. 5. That this Addendum is effective upon the latest date of execution by the parties listed below. 6. That the Mayor and the City Manager are authorized to execute the Addendum and any amendments to the Addendum. Linda R. Loomis, Mayor ATTEST: Donald G. Taylor, City Clerk Resolution 04-41 - Continued June 1, 2004 The motion for the adoption of the foregoing resolution was seconded by Member Grayson and upon a vote being taken thereon, the following voted in favor thereof: Freiberg, Grayson, Loomis, Shaffer and Tremere; and the following voted against the same: none, whereupon said resolution was declared duly passed and adopted, signed by the Mayor and her signature attested by the City Clerk.