HomeMy WebLinkAbout07-136 Transfer GF for Jeffers Pond Interpretive
~~..-N...l.;tl~ \ ~:~ ~~~~tr;;1iii 714
~y
RESOLUTION 07-136
A RESOLUTION AUTHORIZING THE STAFF TO PLACE $280,000 FROM THE GENERAL FUND
RESERVE IN AN INTEREST EARNING ACCOUNT TO BE USED FOR THE CONSTRUCTION OF
THE JEFFERS POND INTERPRETIVE CENTER BUILDING
Motion By: Hedberg
Second By: Millar
WHEREAS, The final plat, Development Contract and related documents for Jeffers Waterfront set
aside 1.3 acres of land from Wensmann Homes and a contribution from the Jeffers
Foundation of $500,000 paid in the form of stocks for the construction of a Jeffers
Pond Interpretive Center building; and
WHEREAS, A committee consisting of City, school district and Jeffers Foundation representatives
have identified, in a preliminary way, that the programs envisioned for the building will
require a building estimated at $1.4 million plus $200,000 in fixtures, furnishings and
equipment; and
WHEREAS, A twenty-four-acre parcel within the development has been placed in conservatory by
the Jeffers Foundation; and
WHEREAS, the City has, at its cost, extended woodchip trails throughout this property and is
installing two floating boardwalks; and
WHEREAS, For the betterment of the Jeffers Waterfront development and the community in
general, the City, school district and Jeffers Foundation have agreed in concept to
support the construction of an interpretive center as follows:
$500,000 Jeffers Foundation initial deposit called for in platting documents
$200,000 City of Prior Lake provided through the Jeffers Foundation as a
result of City approval authorizing the placement of a
conservation easement over City land adjacent to Five Hawks
Elementary school
$280,000 City of Prior Lake from General Fund reserve
$420,000 Jeffers Foundation grant
$200,000 School district contribution to furniture, fixtures and equipment
$1,600,000 Total
NOW THEREFORE, BE IT HEREBY RESOLVED BY THE CITY COUNCIL OF PRIOR LAKE,
MINNESOTA as follows:
1. The recitals set forth above are incorporated herein.
2. $280,000 is hereby allocated from the General Fund Reserve to be placed in an interest earning
account to be used for construction of the Jeffers Pond Interpretive Center building subject to
receiving: $200,000 in connection with the aforementioned conservation easement, $420,000 from
the Jeffers Foundation, $500,000 deposited with the final plat of Jeffers Waterfront and the
contribution of $200,000 from the School District; and further, that the School District will maintain,
operate and program the interpretive center building for all ages.
www;('ityofpriodake.com
Phone 952.447.9800 / Fax 952.447.4245
3. The City Attorney is hereby authorized to prepare the legal documents to effectuate this resolution.
4. The Mayor and City Manager are authorized to execute such necessary documents on behalf of the
City.
PASSED AND ADOPTED THIS 16th DAY OF JULY 2007.
YES
NO
Haugen Haugen
Erickson Erickson
Hedberg Hedberg
LeMair LeMair
Millar Millar
1:\COUNCIL\RESOLUTI\Admin\2007\07-135 General Fund to Interp Center. DOC