14-020 - 03-04 - authorizing loan for park improvements to PTA - School of Engineering and Arts (SEA) Resolution 14-20 March 4, 2014
Member Fonnest introduced the following resolution and moved its adoption:
RESOLUTION AUTHORIZING LOAN FOR PARK IMPROVEMENTS TO
PARENT TEACHER ASSOCIATION OF SCHOOL OF ENGINEERING AND ARTS
WHEREAS, the Council supported an application for Hennepin Youth Sports Program
Grant with Resolution 13-89 for improvements to develop the Wildwood Park Playground
Equipment; and
WHEREAS, the School of Engineering and Arts Parent Teacher Association (PTA) is
responsible for $15,000; Independent School District #281 (Robbinsdale) for $15,000; City
of Golden Valley for $15,000 and the Hennepin Youth Grant would fund $50,000; and
WHEREAS, the PTA wilt make two payments of$7,500 in May, 2014 and $7,500 in
November, 2014 to the City of Golden Valley; and
WHEREAS, the Independent School District #281 (Robbinsdale) will make one
payment of$15,000 in May, 2014 to the City of Golden Valley; and
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Golden
Valley as follows:
1. The City shall receive payments with no interest from the PTA. The payments are
due below:
Date Principal
05/01/2014 $7,500
11/01/2014 $7,500
2. Park Improvement Fund will receive the money for the loan to the PTA.
Shep rd M. Harris, ayor
ATTEST:
Susan M. Virnig, City Clerk
Resolution 14-20 - Continued March 4, 2014
The motion for the adoption of the foregoing resolution was seconded by Member Clausen
and upon a vote being taken thereon, the following voted in favor thereof: Clausen,
Fonnest, Harris, Schmidgall and Snope; and the following voted against the same: none,
whereupon said resolution was declared duly passed and adopted, signed by the Mayor
and his signature attested by the City Clerk.