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HomeMy WebLinkAbout18-055 TH13-Duluth Public Hearing 4646 Dakota Street SE Prior Lake, MN 55372 RESOLUTION 18-055 A RESOLUTION ORDERING IMPROVEMENTS AND PREPARATION OF PLANS AND SPECIFICATIONS FOR THE DULUTH AVENUE INTERSECTION IMPROVEMENT PROJECT (TRN15-000003) Motion By: McGuire Second By: Burkart WHEREAS, The Prior Lake City Council on its own initiative has determined that it desires to complete the Public Improvements for the Duluth Avenue Intersection Project; and WHEREAS, On February 5, 2018; the City Council accepted the Feasibility Report and called for a Public Hearing to be held for the Duluth Avenue Intersection Project which includes signal replacement, storm sewer, aggregate base, concrete curb and gutter, bituminous surfacting 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 16th day of April, 2018, at which time all persons desiring to be heard were given an opportunity to be heard thereon; and WHEREAS, 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 Council by the required statutory 4/5ths votes does hereby order the project as outlined in the feasibility report. 4. The Public Works Director is hereby designated as the the Engineer for these improvements and is authorized to record engineering expenses in the Construction Fund (#501-43500.00- 55020-TRN15-000003). 5. The Engineer shall have prepared plans and specifications for the making of such improvements for the Duluth Avenue Intersection Improvement Project. 6. The City Council authorizes the following preliminary funding sources and corresponding transfers to the Construction Fund for the project: MnDOT $710,000 MSAS $400,000 Tax Levy $906,975 Special Assessments $163,025 Total $2,180,000 2 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 expected to be in an amount not to exceed $1,400,000 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. Passed and adopted by the Prior Lake City Council this 16th day of April 2018 VOTE Briggs McGuire Thompson Braid Burkart Aye ☒ ☒ ☒ ☒ ☒ Nay ☐ ☐ ☐ ☐ ☐ Abstain ☐ ☐ ☐ ☐ ☐ Absent ☐ ☐ ☐ ☐ ☐ ______________________________ Frank Boyles, City Manager