79-014 RES APPENDIX E
RESOLUTION 79-14
•
RESOLUTION DESIGNATING THE SOURCE OF
AND COMMITTING LOCAL FUNDS FOR THE
REPAIR OF THE LAKE ORONO DAM
WHEREAS, The United States Army Corps of Engineers and the Minnesota State
Department of Natural Resources has found that the Lake Orono Dam
is a hazardous structure posing a threat to the health, safety and
welfare of Elk River residents; and,
WHEREAS, The Elk River City Council has found that it is in the best interest
of the City of Elk River to repair the dam rather than to remove the
dam; and,
WHEREAS, The Minnesota State Legislature has appropriated up to $344,000 for
use by the City of Elk River in the repair of the Lake Orono Dam; and,
WHEREAS, The Department of Housing and Urban Development has invited the City
of Elk River for full application for a $225,000 Imminent Threat grant
through the HUD small cities program which is reasonable insurance
that the City of Elk River shall obtain such funding; and,
IIIII WHEREAS, The Elk River Municipal Utility and the homeowners living on Lake
Orono have voluntarily agreed to assume the burden of an assessment
for local costs incurred in the repair of the Lake Orono Dam.
NOW, THEREFORE, BE IT RESOLVED by the Elk River City Council that upon receipt
of state and federal funds that the remaining local share of approxi-
mately $231,500 be funded as follows:
Special assessments to benefiting properties $ 155,000.00
City of Elk River General Obligation Bonds 76,500.00
Adopted this cr+ day of July, 1979, by the Elk River City Council.
::::--)—
t�,. �44;
T�
?`rank)i n Madsen, Mayor
ATTEST:
Robert C. Middaugh, City Jdministrator
IF