HomeMy WebLinkAbout19-009 2019 Mill and Overlay Public Hearing
4646 Dakota Street SE
Prior Lake, MN 55372
RESOLUTION 19-009
ORDERING IMPROVEMENTS AND PREPARATION OF PLANS AND SPECIFICATIONS
FOR THE 2019 MILL AND OVERLAY PROJECT # PIR19-000001.
Motion By: Thompson Second By: Braid
WHEREAS, The Prior Lake City Council on its own initiative has determined that it desires to
complete the Public Improvements for the 2019 Mill & Overlay Project; and
WHEREAS, On December 17, 2018; the City Council accepted the Feasibility Report and called
for a Public Hearing to be held for the 2019 Mill & Overlay Project which includes
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 22nd day of January 2019, 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 vote does hereby order the project as
outlined in the feasibility report.
4. The Public Works Director is hereby designated as the Engineer for these improvements
and is authorized to record engineering expenses in the Construction Fund (#501-43500.00-
55020-PIR19-000001).
5. The Engineer shall prepare plans and specifications for the making of such improvements
for the 2019 Mill & Overlay Project.
6. The City Council authorizes the following preliminary funding sources and corresponding
transfers to the Construction Fund for the project:
Ad Valorem $ 95,000.00
PIR Fund reserves 165,100.00
Assessments $439,900.00
Total $700,000.00
7. The City Council authorizes the intent to issue General Obligation Bonds for this project.
8. Proceeds from the bond sale will be deposited in the Permanent Improvement Revolving
Fund.
9. 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 $500,000 in accordance with the Internal Revenue Service Reimbursement
Regulations (Treasury Reg. 1.150-2).
10. 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 475, 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 22nd day of January 2019.
VOTE Briggs Thompson Burkart Braid Erickson
Aye ☒ ☒ ☒ ☒ ☒
Nay ☐ ☐ ☐ ☐ ☐
Abstain ☐ ☐ ☐ ☐ ☐
Absent ☐ ☐ ☐ ☐ ☐
______________________________
Frank Boyles, City Manager