HomeMy WebLinkAbout10-121 Release Jeffers Pond Security
4646 Dakota Street SE
Prior Lake, MN 55372
RESOLUTION 10-121
A RESOLUTION AUTHORIZING THE RELEASE OF THE SECURITY FOR THE JEFFERS POND
NATURE CENTER BUILDING
Motion By: Hedberg Second By: Keeney
WHEREAS, The Jeffers Foundation provided a security of $500,000 originally intended to assist in the
construction of a nature center building; and
WHEREAS, The nature center building was never constructed due to financial shortfalls incurred by
the school district; and
WHEREAS, The City and Jeffers Foundation mutually agreed to make certain improvements to the
Jeffers Pond Park utilizing the security originally intended for the nature center building;
and
WHEREAS, All agreed-to improvements (bridge, trail, kiosk, shelter and signage) have been acquired
and installed; and
WHEREAS The City and Jeffers Foundation mutually agreed to release the security upon completion
of said improvements and payment in full by Jeffers Foundation; and
WHEREAS All aspects of the agreements have been completed to the City’s satisfaction.
NOWTHEREFORE, BE IT HEREBY RESOLVED BY THE CITY COUNCIL OF PRIOR LAKE,
MINNESOTA as follows:
1.The recitals set forth above are incorporated herein.
2.The remainder of the security for the nature center building is to be released to Jeffers Foundation.
PASSED AND ADOPTED THIS 20 DAY OF DECEMBER 2010.
th
YES NO
Myser X Myser
Erickson X Erickson
Hedberg X Hedberg
Keeney X Keeney
Millar X Millar
______________________________
Frank Boyles, City Manager
M:\Council\Resolutions\2010\10-121 Release Jeffers Park Security.doc