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HomeMy WebLinkAbout2109 ResolutionGREG A City A RUBSTELLO ey RESOLUTION NO 2109 A RESOLUTION of the City of Pasco, Washington, approving and authonzing the execution of an Interlocal Cooperation Agreement between Franklin County and the City of Pasco relating to the TRAC Project WHEREAS, the City Council of the City of Pasco deems it to be in the best interest of the citizens, residents, and taxpayers of the City for the City to enter into an Interlocal Cooperation Agreement with Franklin County for the development and construction of a multi-purpose arena and exhibition facility to be known as the Trade, Recreation and Agnculture Center ("TRAC Facility"), for the City to contribute toward the payment of the costs of construction and developing of the TRAC Facility by a lease with an option to purchase an undivided one-half interest in that facility, and for the City to lease from the County a portion of the adjacent property for the development into recreation facilities and the long-term lease thereof by the City, and WHEREAS, certain details respecting the Financing Lease and the Ground Lease must be determined at a time after the execution of the Interlocal Cooperation Agreement, NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF PASCO, WASHINGTON, DOES RESOLVE AS FOLLOWS That the City is authorized to enter into, and the Mayor is authorized to execute on behalf of the City, the form of Interlocal Cooperation Agreement between the City of Pasco and Franklin County, Washington, Regarding The Financing, Acquisition, And Ownership Of A Multi-Purpose Arena and Exhibition Facility currently on file in the office of the City Clerk, with the form of the Financing Lease attached as an exhibit, conditioned on the completion of those details of the Ground Lease for Phase II of the Interlocal Cooperation Agreement as may be satisfactory to the Mayor The Mayor may make such changes in the forms of that Interlocal Cooperation Agreement and those leases as she may deem necessary for consistency and the efficient carrying out thereof, with such changes being hereafter ratified by the City Council 1994 Passed by the City Council of the City of Pasco, at a special meeting this 31st day of January, CITY OF PASCO LIN:LE FELICE ATTEST CATHERINE D SEAMAN Deputy City Clerk APPROVED AS TO FORM