HomeMy WebLinkAbout05-9116200 Eagle Creek Avenue S.E.
Prior Lake, MN 55372-1714
RESOLUTION 05-91
RESOLUTION APPROVING THE
2006-2010 CAPITAL IMPROVEMENT PROGRAM
MOTION BY: Petersen
SECOND BY: Fleming
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
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
The Capital Improvement Program is a flexible planning document that attempts to
balance the financial resources of the City with its needs; and
The establishment of a Capital Improvement Program will provide appropriate
information to manage capital change within the City of Prior Lake; and
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 2, 2005 and suggested amendments to the
document.
NOW TItEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF PRIOR LAKE:
1. That the recitals set forth above are incorporated herein.
2. The 2006-2010 Capital Improvement Program is hereby approved.
Passed and adopted this 16th day of May 2005.
{Seal}
YES
Haugen Absent Haugen
Fleming X Fleming
LeMair X LeMair
Petersen X Petersen
Zieska X Zieska
Frank Boyles, City Manager
NO
Absent
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