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HomeMy WebLinkAboutResolution No. 2021-59 Affirming State Bond Bill FundingRESOLUTION NO. 2021-59 AFFIRMING AND AUTHORIZING THE SUBMISSION OF A REQUEST FOR STATE BONDING BILL FUNDING WHEREAS, the City of Edina owns and operates a regional ice skating asset called Braemar Arena; and, WHEREAS, the substantial regional benefit of Braemar Arena is regularly enjoyed by people from all over Minnesota, several adjoining states and several adjoining Canadian provinces; and, WHEREAS, the financial burden of operating Braemar Arena falls, primarily, on Edina property taxpayers; and, WHEREAS, a substantial investment in new capital improvements and expansion is required at Braemar Arena in order to fulfill its role as a regional asset; and, WHEREAS, there are alternative revenue sources to local property taxes to financially support the necessary improvements and expansion at Braemar Arena; and, WHEREAS, the Edina City Council supports proposed set of capital improvements to Braemar Arena, known collectively as the Braemar Arena Expansion Project, and requests state fiscal support for the project. NOW, BE IT RESOLVED THAT, the City Council request the State of Minnesota include funding for the Braemar Arena Expansion Project in the 2022 State Capital Inves ment and Bonding Bill; and, BE IT FURTHER RESOLVED THAT the City Council r q is the City Manager take the necessary steps to submit said proposal to the state for consideration i t e bonding bill process. 414 111k 'amps am s ov and, Mayor STATE OF MINNESOTA ) COUNTY OF HENNEPIN) SS CITY OF EDINA CERTIFICATE OF CITY CLERK 1, the undersigned duly appointed and acting City Cleric for the City of Edina do hereby certify that the attached and foregoing Resolution was duly adopted by the Edina City Council at its Regular Meeting of July 21, 2021, and as recorded in the Minutes of said Regular Meeting. WITNESS my hand and seal of said City this day of , 2021. City Clerk CITY OF EDINA 4801 West 50th Street • Edina, Minnesota 55424 EdinaMN.gov • 952-927-8861 • Fax 952-826-0389