HomeMy WebLinkAbout19-010 Fish Point Road Public Hearing
4646 Dakota Street SE
Prior Lake, MN 55372
RESOLUTION 19-010
ORDERING IMPROVEMENTS AND PREPARATION OF PLANS AND SPECIFICATIONS FOR
THE FISH POINT ROAD RECLAMATION PROJECT (PROJECT #TRN19-000003)
Motion By: Braid 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 Fish Point Road Reclamation 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 Fish Point Road Reclamation Project which
includes full depth pavement reclamation, spot curb replacement, replacement of
the existing bituminous trail and ADA improvements at the existing curb ramps; 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 City Engineer is hereby designated as the Engineer for these improvements and is
authorized to record engineering expenses in the Construction Fund (#501-43500.00-
55020-TRN19-000003).
5. The Engineer shall prepare plans and specifications for the making of such improvements
for the Fish Point Road Reclamation Project.
6. The City Council authorizes the following preliminary funding sources and corresponding
transfers to the Construction Fund for the project:
FISH POINT ROAD RECLAMATION
PROJECT - FUNDING
Tax Levy $321,290
Assessment (40%) $124,520
Assessment (Per Acre) – $6,580
Total $445,810
2
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 Construction 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 $455,000 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 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 THIS 22nd DAY OF JANUARY 2019
VOTE Briggs Thompson Braid Burkart Erickson
Aye ☒ ☒ ☒ ☒ ☒
Nay ☐ ☐ ☐ ☐ ☐
Abstain ☐ ☐ ☐ ☐ ☐
Absent ☐ ☐ ☐ ☐ ☐
______________________________
Frank Boyles, City Manager