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HomeMy Public PortalAboutRES-CC-2017-59CITY OF MOAB RESOLUTION NO.59-2017, A RESOLUTION AUTHORIZING THE MAYOR ON BEHALF OF THE CITY OF MOAB TO SIGN A MEMORANDUM OF UNDERSTANDING WITH UTAH STATE UNIVERSITY AND GRAND COUNTY REGARDING THE PROPOSED USU BRANCH CAMPUS DEVELOPMENT The Council authorizes the Mayor to sign the attached Memorandum of Understanding with Utah State University and Grand County that memorializes the parties' expectations for timing for construction planning and fundraising with regard to the proposed development of USU's new branch campus. It is understood that this memorandum of understanding is a preliminary expression of the Parties' general intentions. The Parties intend that no Party shall have any contractual obligations to the others with respect to the matters referred to in the Memorandum unless and until a definitive agreement has been fully executed and delivered by the Parties. The foregoing resolution is approved and adopted by action of the Moab City Council, as set forth below. This resolution shall take effect immediately. (1441-J (]Mayor David Sakrison Date /JIWZe,7 I �I I li I I 11 I �I i it III . I it I I tachel Stenta, Recorder Date I — �I it i �I . I i �I �I �I I . I UtahState l.1 n iv e rs i t y. MOAB Memorandum of Understanding Between Utah State University, Grand County, and the City of Moab Regarding the Proposed New USU Moab Campus The purpose of this letter is to confirm the mutual understandings and intentions of the City of Moab ("City") and Grand County, Utah ("County") and Utah State University ("USU") regarding the proposed construction project located at Moab, Utah. As we have discussed, the City, the County, and USU intend to move forward with the proposed campus project based on the following terms and conditions: 1. That USU agrees to begin the planning, programming, and design phases for construction of a $10 million building on the intended future Moab campus. USU commits to $5 million of funding for this project, on or before the end of 2020, with the understanding that a minimum of $5 million additional funds will be raised by the community for construction of the facility. It is understood that a significant portion of the USU commitment of $5 million will come from the sale of the existing USU Moab Center buildings and property; 2. That USU supports the exploration of reasonable growth pertaining to programming and curriculum in accordance with their rural education mission and in alignment with County and City economic development goals; 3. That the City and the County agree to invest in the reasonable road and utility infrastructure necessary to allow USU to fulfill their obligations in Section 1. 4. Expiration. This letter of intent will expire on December 3 I ", 2018. It is understood and agreed that this letter of intent is a preliminary expression of our general intentions. The parties intend that no party shall have any contractual obligations to the others with respect to the matters referred herein unless and until a definitive agreement has been fully executed and delivered by the parties. Agreed to and accepted by all parties on November 9, 2017. Utah State University (USU) Grand County, Utah President Noelle Cockett Jaylyri Hawks krison