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HomeMy WebLinkAbout24-141 - ADMIN Resolution - City Council - 2024/11/04Resolution No. 24 - 141 Dissolving the joint powers agreement between the City of Golden Valley, the City of Minnetonka, the City of St. Louis Park, Hopkins Community Education and St. Louis Park Community Education for the West Metro Home Remodeling Fair Whereas, on December 7, 2021 a joint powers agreement was signed by the City of Golden Valley, the City of Minnetonka, the City of Saint Louis Park, Hopkins Community Education, and Saint Louis Park Community Education (“participants”) to establish the West Metro Home Remodeling Fair (“JPA”); and Whereas, the participants entered into the JPA pursuant to the provisions of Minn. Stat. § 471.59; and Whereas, the participants established the JPA with the goal to host an annual home remodeling fair to promote improvements to housing and provide community education opportunities in the participating communities; and Whereas, the participants agree to dissolve the JPA; and Whereas, the JPA provides that upon termination, the participants shall provide for the distribution of all fair funds and assets in the following manner: “The parties may determine to sell and liquidate non-monetary assets prior to distribution, and assets and funds shall be distributed to the participants in proportion to their contributions”; and Whereas, the JPA provides that the JPA may terminate when a majority of participants agree to terminate this agreement upon a certain date, Now therefore be it resolved by the city council of the City of St. Louis Park, Minnesota that this resolution provides notice of the City of St. Louis Park and participants intent to dissolve the JPA effective upon receipt of a majority of the participants notification of intent to dissolve. Be it further resolved that the city manager is directed to transmit this resolution dissolving the JPA to the other participants and is further directed to ensure that the City of St. Louis Park has met its full financial obligation to the West Metro Home Remodeling Fair by the effective date of dissolution. Passed by the city council of the City of St. Louis Park, Minnesota this 4th day of November, 2024. Reviewed for administration: Adopted by the city council November 4, 2024: Kim Keller, city manager Nadia Mohamed, mayor Attest: Melissa Kennedy, city clerk Docusign Envelope ID: 74DD26EE-DF11-4148-A89C-B25C733908E8