HomeMy WebLinkAboutResolution 10-2001 RESOLUTION NO. 10-01
A RESOLUTION OF THE GOVERNING BODY OF THE CITY OF
BROOKINGS, SOUTH DAKOTA, DECLARING AN OFFICIAL INTENT TO USE A
PORTION OF THE 75% OF THE REVENUES FROM THE 1% OF MUNICIPAL
SALES TAX AND SERVICE AND USE TAX TO SUPPLEMENT THOSE FUNDS
ALREADY APPROVED FOR CONSTRUCTION OF A DOUBLE ICE RINK AND AN
ANIMAL HOLDING BARN FACILITY ADJACENT TO THE EXISTING
MULTIPLEX EXHIBITION AND EVENTS CENTER
WHEREAS, the City of Brookings has plans to construct a multi-use facility consisting
of a double ice rink and animal holding barn facility adjacent to the e�usting MultiPlex Exhibition
and Event Center, and
WHEREAS, the estimated cost of said facility was $5.3 million, and
WHEREAS, the City has heretofore, by Resolution No. 6-00, approved the allocation
of funds as outlined below, and
$3.2 million from the second penny sales tax(with the use of bonds);
$900,000 from private sources; $100,000 from the City Parks budget; $740,000 from
the MultiPlex Construction budget; and $360,000 from non(75%) second penny sales
tax sources; and
WHEREAS, new estimates of costs and revenues indicate that there is a need for an
additional $1,036,000 to meet the needs of the project; and
WHEREAS, the Brookings Ice Skating Association(BISA) has committed to an
additional $39,000 for the construction of a concession stand and $110,000 for the dasher
boards; and now therefore
BE IT RESOLVED by the governing body of the City of Brookings, South Dakota, as
follows:
That the City hereby declares its ofl'icial intent to use a portion(up to $687,000) of the
75% of the revenues from the 1% sales tax as provided in Resolution No. 25-96 (as amended)
and up to $200,000 of general fund contingency to supplement previously approved funding as
provided in Resolution 6-00 for the construction of a multi-purpose double ice rink and holding
barn facility to be located adjacent to the existing MultiPlex Exhibition and Events Center.
Passed and approved this 26�`day of February, 2001.
CITY OF BROO GS
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�T'L`�T°�y Mayor
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City Clerk