04-0117R

RESOLUTION OF INTENT TO APPROVE MANAGEMENT AGREEMENT WITH RIPLEY'S ENTERTAINMENT CORPORATION FOR OPERATION OF THE LAKE SUPERIOR AQUARIUM.

BY COUNCILOR GILBERT:

RESOLVED, that pursuant to the provisions of that certain operating and revenue participation agreement between the city, Lake Superior Center, a private nonprofit corporation, and Lake Superior Center authority bearing city contract No. 18,364 for the operation of the Great Lakes Aquarium, and as the same may have been and may, from time to time in the future, be amended, the city hereby indicates its intention to approve an agreement between Lake Superior Center and Ripley's Entertainment Corporation pursuant to which Ripley's would undertake the management and operation of the Great Lakes Aquarium, provided that the terms and conditions of said management and operations agreement shall be subject to the review and approval of the council.


STATEMENT OF PURPOSE:  This resolution indicates the council's intent to approve a management agreement for the Lake Superior Aquarium with Ripley's Entertainment Corporation, subject to review and approval of the document.