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09-039CITE' OF SHOREWOOD RESOLUTION NO. 9 -039 WHEREAS, The City is a member of the Lake Minnetonka Communications Commission, a Minnesota Joint Powers Association; WHEREAS, the City recognizes the public and private benefits of having high -speed fiber optic communications available to every residence, business and public facility; WHEREAS, the City supports the Lake Minnetonka Commission in its efforts to implement a ubiquitous, high -speed fiber communications network throughout the Lake Minnetonka Communications Commission member cities' areas; NOW, THEREFORE, BE IT RESOLVED, by the City Council that: 1. The City agrees to be a participant in the Lake Minnetonka Communication Commission's federal broadband stimulus money grant application along with other LMCC member cities, providing the LMCC with information as may be needed to write and process the grant application. 2. The City will, upon award of the grant to the LMCC, fully cooperate, per the City's applicable regulations, with the LMCC in granting right -of -way access necessary for the construction of the fiber network. 3. The City recognizes that the LMCC will be constructing and initiating operations of the fiber network with a combination of federal grant money and private funding from revenue bonds which revenue bonds will be re -paid from the operating revenues of the fiber network and that no financial obligation of the City will be created.