Loading...
HomeMy WebLinkAbout14-039 Order Maple Mushtown Panama ProjectO PRIOR H U tr1 4646 Dakota Street SE NNSSO Prior Lake, MN 5 5372 RESOLUTION 14 -039 ORDERING IMPROVEMENTS AND PREPARATION OF PLANS AND SPECIFICATIONS FOR MAPLE LANE, MUSHTOWN ROAD, AND PANAMA AVENUE (PROJECT #14.011); FINANCING THE MAPLE LANE, MUSHTOWN ROAD AND PANAMA AVENUE IMPROVEMENT PROJECT TO BE UNDERTAKEN BY THE CITY, AND ESTABLISHING COMPLIANCE WITH REIMBURSEMENT BOND REGULATIONS UNDER THE INTERNAL REVENUE CODE Motion By: Keen Second By: McGuire WHEREAS, the Prior Lake City Council on its own initiative has determined that it desires to complete the Public Improvement Project to Maple Lane, Mushtown Road, and Panama Avenue; and WHREAS, on November 12, 2013; the City Council adopted Resolution 13 -168 accepting the Feasibility Report and calling for a Public Hearing to be held on the Maple Lane, Mushtown Road, and Panama Avenue Improvement Project which includes sanitary sewer, watermain, storm sewer, aggregate base, concrete curb and gutter, bituminous surfacing, and appurtenant work; and WHEREAS, ten days mailed notice and two weeks published notice of the hearing was given, and the hearing was held on the 9th day of December, 2013, at which time all persons desiring to be heard were given an opportunity to be heard thereon; and WHEREAS, the City Council held a second public hearing on March 10, 2014 following written notice and publication; and WHERES, since the project was initiated by the City Council it must be approved by 4 /5ths vote in accordance with Minnesota Statutes 429.031 Subdivision 1(f). NOW THEREFORE, BE IT HEREBY RESOLVED BY THE CITY COUNCIL OF PRIOR LAKE, MINNESOTA as follows; 1. The recitals set forth above are incorporated herein. 2. Such improvement is necessary, cost - effective, and feasible as detailed in the feasibility report. 3. The City Engineer is hereby authorized to prepare plans and specifications for the improvements delineated in City Council Resolution 13 -168 adopted on November 12, 2013 and by the required statutory 4 /5ths vote does hereby order the project. 4. The City Engineer is hereby designated as the Engineer for these improvements and is authorized to record engineering expenses in the Construction Fund ( #501 - 48378). 5. The Mayor and City Manager are authorized to execute the City's Standard Professional Services Contract with WSB and Associates for property acquisition services for the Maple Lane, Mushtown Road, and Panama Avenue construction project for a base price in the amount of $24,020 and the unit pricing rates shown in the proposal and attached to the City's Standard Professional Services Contract. Funding for these engineering services will be drawn from the Construction Fund Account #501- 48378- 505. 6. The Engineer shall prepare plans and specifications for the making of such improvements for Maple Lane, Mushtown Road, and Panama Avenue. 7. The City has determined to make a declaration of official intent ( "Declaration ") to reimburse certain estimated costs for this project from proceeds of bonds in accordance with the Internal Revenue Service Reimbursement Regulations (Treasury Reg. 1.150 -2). 8. The City may declare other separate statements of reimbursement intent in connection with specific public improvements projects as they are initiated under Minnesota Statutes Chapters 429 and 444, or for other capital projects, with the understanding that such additional declarations of reimbursement intent will supplement this resolution. All reimbursed expenditures will be capital expenditures, costs of issuance of the bonds, or other expenditures eligible for reimbursement under Section 1.150- 2(d)(3) of the Reimbursement Regulations. 9. This Declaration has been made no later than 60 days after payment of any original expenditure to be subject to a reimbursement allocation with respect to the proceeds of bonds, except for the following expenditures; a. costs of issuance of bonds; b. costs in an amount not in excess of $100,000 or five percent of the proceeds of an issue; or c. "preliminary expenditures" up to an amount not in excess of 20 percent of the aggregate issue price of the issue or issues that are reasonably expected by the City to finance the project for which the preliminary expenditures were incurred. The term "preliminary expenditures" includes architectural, engineering, surveying, bond issuance, and similar costs that are incurred prior to commencement of acquisition, construction or rehabilitation of a project other than land acquisition, site preparation, and similar costs incident to the commencement of construction. 10. This Declaration is an expression of the reasonable expectations of the City based on the facts and circumstances known to the City as the date hereof. The anticipated original expenditures for the Projects and the principal amount of the bonds are consistent with the City's budgetary and financial circumstances. No sources other than proceeds of bonds to be issued by the City are, or are reasonably expected to be reserved, allocated on a long term basis, or otherwise set aside pursuant to the City's budget or financial policies to pay such Project expenditures. 11. This Declaration is intended to constitute a Declaration of the Official Intent for the purposes of the Reimbursement Regulations. PASSED AND ADOPTED THIS 10TH DAY OF MARCH 2014. YES NO Frank Bok'esAbt Manager Hedberg X Hedber X Keene - Keeney McGuire X McGuire Morton X Morton - Soukup X Souku 2