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City Council Resolution 2024-83CITY OF MONTICELLO WRIGHT COUNTY, MINNESOTA RESOLUTION NO. 2024-83 PETITION TO DISSOLVE MONTICELLO-BIG LAKE HOSPITAL DISTRICT To: The Board of the Monticello -Big Lake Hospital District (the "District") By: The City of Monticello, a Minnesota governmental entity (the "City") Dated: September 9, 2024 RECITALS: A. District is a political subdivision of the State of Minnesota organized under Chapter 447 of the Minnesota Statutes. B. This petition to request the dissolution of the District is made in accordance with the provisions of Section 447.38 of the Minnesota Statutes. C. City is one of the seven governmental entities comprising the District, which include: the City, Big Lake City, Big Lake Township, Monticello Township, Silver Creek Township, Becker Township, and Otsego Township. D. District, as Landlord, and CentraCare Health System — NR, LLC ("CCH"), as Tenant, are parties to that certain Lease dated March 4, 2013 (the "Lease") under the terms of which CCH has exercised its option to purchase the real property and all furniture and moveable equipment of the District's owned health facilities. E. The District and CCH have mutually agreed on the terms of the purchase, which include a significant charitable contribution to the development of health care providers and health facilities in the communities served by the District. F. Neither the District nor CCH anticipate that CCH's exercise of the purchase option will result in a material change in health facility operations. G. In light of the exercise by CCH of its option to purchase, and the satisfaction of all of the District's outstanding financial obligations, City believes that the conditions for the creation of the District no longer exist and its continued existence serves no purpose. H. By Resolution dated September 9, 2024, the City Council approved this Petition to request the dissolution of the District. NOW, THEREFORE, THE CITY PETITIONS AND REQUESTS: That the District make an order to dissolve the District. CORE/3530215.0002/191396913.1 2. That the District distribute its remaining funds, if any, in equal portions to each of the governmental entities listed above that comprise the District. 3. That the District take any additional steps which may be required by law in order to complete its dissolution. Adopted by the City Council of Monticello this 9t" day of September, 2024. I,-- P4�4 LfOyZfHilgdrt, MaAr CORE/3530215.0002/191396913.1