BY COUNCILOR FENA:01-0747R
RESOLUTION REQUESTING A STATE BOND ALLOCATION OF $1,900,000 TO ASSIST IN COMPLETING THE RENOVATION OF THE AERIAL LIFT BRIDGE.
WHEREAS, the Aerial Lift Bridge in Duluth is a unique Minnesota landmark and one of the state's leading tourist attractions; and
WHEREAS, deterioration with age of electrical, mechanical and structural features of the bridge has required a complete rehabilitation of this landmark; and
WHEREAS, the total cost of the rehabilitation project is $10.3 million; and
WHEREAS, the city has invested $6.5 million in rehabilitation of the bridge to date without seeking special appropriations from the state; and
WHEREAS, the city has directed a substantial amount of its state aid funding which would otherwise be used on citywide street improvement projects toward the bridge rehabilitation project; and
WHEREAS, the remaining cost to complete the rehabilitation of the Aerial Lift Bridge is $3.8 million.
WHEREAS, the city of Duluth will commit an additional $1,900,000 to match state funds to complete the rehabilitation of the Aerial Lift Bridge;
NOW, THEREFORE, BE IT RESOLVED, that the city of Duluth respectfully requests that the state of Minnesota provide an allocation of general obligation bond proceeds to finance a portion of the costs to complete rehabilitation of the Aerial Lift Bridge.
FURTHER RESOLVED, that a bond allocation in the amount of $1,900,000 be
provided to be matched by a like sum from the city of Duluth on a dollar-for-dollar
basis to cover the remaining costs of rehabilitating the Aerial Lift Bridge.