HomeMy WebLinkAbout06-165
16200 Eagle Creek Avenue S.E.
Prior Lake, MN 55372-1714
RESOLUTION 06-165
Motion By: LeMair
Second By: Dornbush
WHEREAS, The following table identifies the City of Prior Lake Street Reconstruction Plan financing
elements:
Year Project City Cost
2007 County Road 21 - Franklin to Adelmann $1,000,000.00
2007 County Road 12/ TH 13 - TH 13 to Elm $300,000.00
Avenue
2008 Itasca Avenue, Summer Street, Robinson $2,160,000.00
Circle, and Franklin Circle
2009 Brooks Circle, Filmore Avenue, and $2,685,000.00
Mandan Avenue
2009 County Road 21 North $790,000.00
2010 Industrial Circle and Welcome Avenue $2,280,000.00
2010 County Road 12 $2,640,000.00
2011 Shady Beach Trail south segment and $2,585,000.00
Bayview Circle
Total $14,440,000.00
WHEREAS, Issuing general obligation bonds is another mechanism to fund street reconstruction
projects. Adopting a Street Reconstruction Plan with the intent to issue general
obligation street reconstruction bonds does not require the City to utilize this
mechanism.
WHEREAS, Street reconstruction is necessary to provide residents the opportunity of safe travel
while commuting throughout the City.
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 City Council authorizes the adoption of the Street Reconstruction Plan with the intent to issue
general obligation street reconstruction bonds.
PASSED AND ADOPTED THIS 5TH DAY OF SEPTEMBER 2006.
Hau~en
Dornbush
I Erickson
I leMair
I Millar
YES
X
X
X
X
X
NO
Haugen
Dornbush
Erickson
leMair
Millar
ru'
Frank Bay~er
I:\COUNCIL\RESOLUTI\ENG&PW RES\2006\06-165 Street Recon Plan and GO Bonds.doc
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