HomeMy WebLinkAbout19-013 CH21 and TH13 Construction Cooperative Agreement with Scott County
4646 Dakota Street SE
Prior Lake, MN 55372
RESOLUTION 19-013
A RESOLUTION AUTHORIZING THE MAYOR AND CITY MANAGER TO ENTER INTO A
CONSTRUCTION COOPERATIVE AGREEMENT WITH SCOTT COUNTY FOR COST
SHARING OF THE COUNTY ROAD 21 AND STATE HIGHWAY 13 IMPROVEMENT
PROJECT
Motion By: Braid Second By: Thompson
WHEREAS, Scott County has identified the CH21 and TH13 Intersection Improvement Project
within the City of Prior Lake for construction in 2019; and
WHEREAS, the cost to complete this project is proposed to be partially funded by the City of
Prior Lake; and
WHEREAS, Scott County has prepared a Construction Cooperative Agreement outlining the
financial obligations of the City for this project.
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. The Mayor and City Manager are hereby authorized to enter into the Construction
Cooperative Agreement with Scott County for cost sharing of the CH21 and TH13
Intersection Improvement Project.
3. The City Council authorizes funding for this project as shown:
Tax Levy $1,000,000
MSA $1,000,000
Water Utility $ 100,000
Sewer Utility $ 250,000
$2,350,000
4. Construction costs will be recorded in the Construction Fund (#501-43500.00-55010.00
TRN19-000001) for the CH21/TH13 Intersection Improvement Project.
5. The City Council authorizes the intent to issue General Obligation Bonds for this project.
6. Proceeds from the bond sale will be deposited in the Construction Fund.
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 $1,020,000 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 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 THIS 22ND DAY OF JANUARY 2019
VOTE Briggs Thompson Burkart Braid Erickson
Aye ☒ ☒ ☒ ☒ ☒
Nay ☐ ☐ ☐ ☐ ☐
Abstain ☐ ☐ ☐ ☐ ☐
Absent ☐ ☐ ☐ ☐ ☐
______________________________
Frank Boyles, City Manager