HomeMy WebLinkAbout03-096 RESOLUTION 03-96
A RESOLUTION APPROVING THE
2004-2008 CAPITAL IMPROVEMENT PROGRAM
Motion By: PETERSEN Second By: LEMAIR
WHEREAS, the purpose of a Capital Improvement Program is to protect the infrastructure of the City of
Prior Lake by establishing a replacement plan for existing infrastructure and to identify
those improvements necessary to accommodate the growth of the community; and
WHEREAS, an Equipment Matrix has been incorporated into the Capital Improvement Program which is
intended to identify the City's equipment needs and provide a regular replacement
schedule; and
WHEREAS, the Capital Improvement Program is a flexible planning document that attempts to balance
the financial resources of the City with its needs; and
WHEREAS, the establishment of a Capital Improvement Program will provide appropriate information to
manage capital change within the City of Prior Lake; and
WHEREAS, it is intended for the Capital Improvement Program to be established for a period of five (5)
years and to be updated annually; and
WHEREAS, the City Council carefully reviewed each element of the Capital Improvement Program at a
work session on May 12, 2003 and suggested amendments to the document.
NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF PRIOR LAKE, MINNESOTA that:
1. The recitals set forth above are incorporated herein.
2. The 2004-2008 Capital Improvement Program is hereby approved.
PASSED AND ADOPTED THIS 2"d DAY OF JUNE, 2003.
YES NO
Haugen X Haugen
Blomberg Absent Blomberg Absent
LeMair X LeMair
Petersen X Petersen
Zieska X Zieska
Mana! of Prior Lake
City ~
16200 Eagle Creek Ave. S.E., Prior Lake, Minnesota 55372-1714 / Ph. (952) 447-4230 / Fax (952) 447-4245