072088 CC SP Min
.
CITY OF SHOREWOOD
SPECIAL COUNCIL MEETING
WEDNESDAY, JULY 20, 1988
COUNCIL CHAMBERS
5755 COUNTRY CLUB ROAD
7:00 P.M.
MINUTES
CALL TO ORDER
The Special Council meeting of the Shorewood City Council was
called to order at 7:00 P.M., Wednesday, July 20, 1988, in the
Council Chambers by Mayor Rascop.
ROLL CALL
Present:
Absent:
Staff:
Mayor Rascop, Councilmembers Haugen, Gagne and Brancel.
Councilmember Stover
Administrator Vogt
EQUITY SHARING AGREEMENT DISCUSSION
This meeting was held between the City Councils which comprise the
South Lake Minnetonka Public Safety Department (SLMPSD), specifically
the Cities of Excelsior, Greenwood, Shorewood and Tonka Bay. The
following persons represented the Cities:
.
Excelsior: Mayor Olds, Councilmembers Crow, Johnson, Ryerson and
MacPherson and Acting City Manager/Public Works Director
Carl Zieman.
Greenwood: Mayor Albrecht and City Attorney Frank Kelly.
Shorewood: Mayor Rascop, Councilmembers Haugen, Gagne and Brancel,City
Administrator Vogt.
Tonka Bay: Mayor Scherman, Councilmember Ottum and City Administrator
Kirk McDonald.
SLMPSD:
Chief Rick Young
Mayor Olds of Excelsior distributed the most recent Equity Sharing
Agreement concept to pay for the building currently under con-
struction for the SLMPSD to those in attendance. A formal agreement
showing all of the concepts has not yet been prepared.
Mayor Scherman of Tonka Bay indicated that they want language in
the agreement as follows:
"In the event that the City of Excelsior sells, leases,
transfers in any manner, divests itself of any interest
in or utilizes the building for its own use in any manner,
each City will be fully reimbursed for its prorated portion
of the vested principal payments made to date."
.
It was agreed to include this language in the Agreement.
Councilmember Ottum of Tonka Bay questioned how the building would
be paid for. Mayor Olds stated that funds on hand would be used.
-1-
SPECIAL COUNCIL MEETING - WEDNESDAY, JULY 20, 1988
PAGE 2
.
EQUITY SHARING AGREEMENT DISCUSSION - Continued
It was clarified after a request by Councilmember Haugen that in
the event of dissolution, the payback would be based upon the
vesting schedule in the Agreement.
Mayor Rascop questioned what would happen in the event that
Excelsior pulls out of the Department. It was stated that there
is still a lease/tennant agreement and that the Cities that remain
would continue to split the payments amongst those Cities remaining.
Language to clarify this point will be included in the Agreement.
Sale of the building was discussed. It was agreed to include
language in the Agreement to the effect that the building cannot
be sold by the City of Excelsior without the consent of the SLMPSD
Joint Powers Board.
As a result of this meeting, a formal Equity Sharing Agreement will
be drafted for submittal and approval of the Cities which comprise
the SLMPSD.
ADJOURNMENT
Since there were no further matters to come before the Council,
the Special Council meeting of July 20, 1988 adjourned at 7:50 P.M.
.
RESPECTFULLY SUBMITTED,
@~
obert Ras6op,~
Daniel J. Vogt, City Administrator
.
-2-