HomeMy WebLinkAbout20-024 Public Hearing to Consider Approval of a Resolution Ordering Improvements for the 2020 Mill and Overlay Project STR20-000001
4646 Dakota Street SE
Prior Lake, MN 55372
RESOLUTION 20-024
A RESOLUTION ORDERING THE IMPROVEMENTS FOR
THE 2020 MILL AND OVERLAY PROJECT
Motion By: Erickson 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 2020 Mill and Overlay Project;
and
WHEREAS, On January 6, 2020; the City Council accepted the Feasibility Report and
called for a Public Hearing to be held for the 2020 Mill and 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 3rd of February 2020, 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 a
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 an improvement is necessary, cost-effective, and feasible as detailed in the feasibility
report.
3. The City Council by the required statutory 4/5th vote does hereby order the project outlined
in the feasibility report.
4. The Public Works Director is hereby designated as the Engineer for these improvements
and is authorized to record project expenses in the Permanent Improvement Revolving
Fund (#501-43500.00-55020-PIR20-000001)
5. The City Council authorizes the following preliminary funding source for the project:
6. The City Council authorizes the intent to issue General Obligation Bonds for this project.
7. Proceeds from the bond sale will be deposited in the Permanent Improvement Revolving
Fund.
8. 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 amount not
to exceed $680,000 in accordance with the Internal Revenue Service Reimbursement
Regulations (Treasure Req. 1.150-2).
9. The City may declare other separate statements of reimbursement intent in connection with
specific public improvement projects as they are initiated under Minnesota Statutes, Chapter
429 and 475, or for other capital projects, with the understanding that such additional
declarations of reimbursement intent will supplement this resolution. All reimbursed
M:\City Clerk\CITY COUNCIL\02 03 2020\Stuff\20-024 Public Hearing to Consider Approval of a Resolution Ordering Improvements for the 2020 Mill and Overlay
Project STR20-000001.docx 2
expenditures will be capital expenditures, cost 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 3rd day of February 2020.
VOTE Briggs Thompson Burkart Braid Erickson
Aye ☒ ☐ ☒ ☒ ☒
Nay ☐ ☐ ☐ ☐ ☐
Abstain ☐ ☐ ☐ ☐ ☐
Absent ☐ ☒ ☐ ☐ ☐
______________________________
Jason Wedel, City Manager