Title
RESOLUTION AUTHORIZING AND APPROVING THE EXECUTION OF A PLEDGE AGREEMENT WITH THE DULUTH ENTERTAINMENT AND CONVENTION CENTER AUTHORITY.
Body
CITY PROPOSAL:
BE IT RESOLVED, by the city council (the "Council") of the city of Duluth, Minnesota (the "City"), as follows:
Section 1. Background Findings.
1.01 The area under the control of the Duluth Entertainment and Convention Center Authority (the "DECC") is described as follows:
That part of Government Lot 3, Section 27, Township 50, Range 14, and those parts of Mungers Subdivision of Duluth, which lie within the following lines:
The east line of Fifth Avenue West
The south line of Railroad Street
A line parallel and 65 feet easterly of the west line of Minnesota Slip (which includes the USS Steamship "William A. Irvin")
The United States Government Harbor line
(the "DECC Area") and includes the westerly side of Minnesota Slip and the dock wall of the harbor. The west and north dock walls of Minnesota Slip and the dock wall on the harbor within the DECC Area are in need of repair.
1.02 The Minnesota Pollution Control Agency (the "MPCA"), the City and the DECC have proposed to work cooperatively on a three-part project, each individual part of the project being needed for the entire project to be completed. The three parts of the project consist of (i) the City repairing the dock wall on the west and north sides of Minnesota Slip and a portion of the harbor dock wall (the "City portion of the project"); (ii) the MPCA capping the contaminants in Minnesota Slip (the "MPCA portion of the project"); and (iii) temporarily relocating the U.S. Steamship William A. Irvin to permit construction of such projects (the "DECC portion of the project"). The estimated costs for the City portion of the project is $6,687,385, for the MPCA portion of the project is $1,132,000 and for the DECC portion of the project is $314,000 for a total cost of the project of $8,133,385. The MPCA has agreed to pr...
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