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HomeMy WebLinkAbout6.f. Family Resource Center Resolution and Deed Restriction • CITY OF ROSEMOUNT EXECUTIVE SUMMARY FOR ACTION CITY COUNCIL MEETING DATE: JUNE 3, 1997 AGENDA ITEM: Family Resource Center Resolution and Deed AGENDA SECTION: Restriction. CONSENT PREPARED BY: Jim Topitzhofer, Parks and Recreation and AGENDA NO. � � Community Center Director. ���.�.�q !el ATTACHMENTS: Resolution, and Attachment A of Youth APPROVED BY: Initiative Grant, Restriction of Deed. The Ciry of Rosemount has been selected to receive a Youth Initiative Grant from the Minnesota Department I���� of Children, Families & Learning, for the construction of the Rosemount Family Resource Center. The �, amount of the grant award is $214,000.00. As required by the grant, I have prepared a resolution authorizing Cathy Busho to sign the grant agreement as Mayor of Rosemount. As a recipient of the Youth Initiative Grant, there are several items which summarize the City of Rosemount's commitment to the project: 1) The purpose of the Rosemount Family Resource Center is to provide adequate accommodations for programs, outdoor activities, parking space, and satellite off'ice space for a variety of service organizations, both public and private. Programs conducted in this building will focus on building strong families and individuals with special emphasis on those critical, developmental years when children are in fourth through eighth grades. Since the project is funded largely through bond financing, the State of Minnesota requires a deed restriction on the property of the Rosemount Family Resource Center, so that the building is not sold or used for any other purpose for the length of the bond (20 years). The attached declaration will then be recorded as a deed restriction on the property. 2) It was recommended to have the City of Rosemount to initially finance the project to completion through it's own reserves. The State of Minnesota will then reimburse the City of Rosemount the entire grant award of$214,000.00 upon final completion of the project. With a current balance of $422,000.00 in park improvement funds, fronting the project costs of$214,000.00 should not impair future planned park projects. 3) We intend to lease the facility to Community Action Council. A lease will be presented to City Council for approval before the grant agreement is signed. RECOMMENDED ACTION: MOTION TO ADOPT RESOLUTION AUTHORIZING MAYOR TO SIGN YOUTH INITIATIVE GRANT AGREEMENT AS REPRESENTATIVE OF THE CITY OF ROSEMOUNT AND TO AUTHORIZE STAFF TO RECORD THE ATTACHED RESTRICTION ON THE PROPERTY DEED OF THE ROSEMOUNT FAMILY RESOURCE CENTER. COUNCIL ACTION: � CITY OF ROSEMOUNT DAKOTA COUNTY,MINNESOTA RESOLUTION 1997 A RESOLUTION AUTHORIZING MAYOR TO SIGN YOUTH INITIATIVE GRANT AGREEMENT AS REPRESENTATIVE OF THE CITY OF ROSEMOUNT WHEREAS, Cathy Busho as been appointed by the citizens of Rosemount as its Mayor, and WHEREAS, the City of Rosemount has been awarded a Youth Initiative Grant. THEREFORE,the Rosemount City Council authorize the Mayor to sign the agreement for the Youth Initiative Grant as representative of the City of Rosemount. ADOPTED this 3rd day of June, 1997 by the City Council of the City of Rosemount. Cathy Busho, Mayor ATTEST: Susan M. Walsh, City Clerk Motion by: Seconded by: Voted in favor: Voted against: Member absent: + CERTIFICATION I, Cathy Busho, do hereby certify that I am the Mayor of the City of Rosemount, and that the foregoing is a true, complete, and conect copy of a resolution adopted at a meeting of the Rosemount City Council and properly called and held on June 3, 1997,that a quorum was present at said meeting,that a majority of those present voted for the resolution and that resolution is set forth in the minutes of said meeting and has not been rescinded of modified. IN WITNESS WHEREOF, I have hereunder subscribed my name this day of June, 1997. Mayor of Rosemount � " Attachmeat A DECL�R�►TIOIY �. _!..;_ The undersigned, as owner of fee title to the real property legally described on Exhibit:�, �- which is attached hereto and made a pazt hereof ("Property"), hereby declares that title to the Property is hereby subject to the following restriction: The Property is bond�financed property within the meaning of Minn. Stat. � 16A.695. as amended from time to time, is subject to the encumbrance created and requirements imposed thereby, and cannot be sold or otherwise disposed of by the public officer or agency which has jurisdiction over it or owns it without the approval of the Minnesota Commissioner of Finance, which approval must be evidenced by a written statement signed by the Commissioner of Finance and attached to the deed or instrument used to sell or otherwise dispose of the Property. Title to the Property shall remain subject to this restriction until; (i) the restriction has been fully complied with as evidenced by a written approval &om the Minnesota Commissioner of Finance, or (ii) a written release, releasing the Property from the restriction, signed by the Minnesota Commissioner of Finance, is recorded in the real estate records.relating to the Property. (SIGNATURE BLOCK AND ACKNOWLEDGMENT) This Declazation was drafted by: (Name and address of individual that drafted the Declazation.) 23 Youth Initiative Grant Ver- 1/14/97 AG: 53342