01-0874R

RESOLUTION APPROVING THE 2002 BUDGET OF THE LAKE SUPERIOR CENTER.

BY COUNCILOR HOGG:

        WHEREAS, in June of 1998 the Great Lakes Aquarium operating and revenue participation agreement, City Contract No. 18364, was entered into between the city, Duluth economic development authority and the Lake Superior Center authority; and

        WHEREAS, Section 6B of said contract provides that both the city of Duluth and the Duluth economic development authority shall individually approve of the Lake Superior Center budget each year the contract is in operation;

        NOW, THEREFORE, BE IT RESOLVED, that the city of Duluth hereby approves of the Lake Superior Center budget for 2002.



STATEMENT OF PURPOSE: Under the current agreement, the Great Lakes Aquarium is required to submit their annual budget to the city of Duluth and DEDA for approval. Under this agreement, the due date is October 1; however, the Great Lakes Aquarium requested, and was granted, an extension until December 1 to allow the aquarium staff more time to evaluate all issues relating to the operations of the facility.