RES 1992-21 - 0000338959
RESOLUTION NO. 21 - 1992 i
RESOLUTION 6IIARANTSEIN(i REPAYMENT OF LOAN TO
THE DEPARTMENT OF NATURAL RESOURCES FOR
RECONSTRUCTION OF LOCKE LAKE DAM
WHEREAS, the Locke Lake Dam located on Rice Creek in Section 15,
Township 30 North, Range 24 West within the limits of the City of
Fridley, owned by the City has failed; and
WHEREAS, major adverse economic and environmental impacts affecting
the adjoining and down stream properties is imminent, including the
historic Bandfill Tavern; and
WHEREAS, the City has applied for a loan under Minnesota Statutes
103G.511 for reconstruction of the dam; and
WHEREAS, the 1991 Legislative Laws, Chapter 254, Article 1, Section
5, Subd. 3 authorizes a loan of $135,000 for reconstruction of the
dam; and
WHEREAS, the City in conjunction with he Rice Creek Watershed
District will develop plans to reconstruct the dam.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of
Fridley, Anoka County, Minnesota, that: (1) the City Mayor and its
' Manager are authorized to execute documents as necessary to enter
into an Agreement with the State of Minnesota, Department of
Natural Resources, for a loan of $135,000 in accordance with the
Laws of 1991, Chapter 254, Article 1, Section 5, Subd. 3 for the
reconstruction of the Locke Lake Dam and (2) the City irrevocable
guarantees repayment of the loan to the State of Minnesota,
Department of Natural Resources for reconstruction of Locke Lake
Dam.
PASSED AND ADOPTED BY THE CITY COUNCIL OF THE CITY OF FRIDLEY THIS
24TH DAY OF FEBRUARY, 1992.
WILLIAM J. EE - MA�YOR'
ATTEST:
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SHIRLEY A. HAAPALA - G TY CLERK