HomeMy WebLinkAbout07-114 2008-2012 CIP
4646 Dakota Street S.E.
Prior Lake, MN 55372-1714
RESOLUTION 07-114
RESOLUTION APPROVING THE
2008-2012 CAPITAL IMPROVEMENT PROGRAM
MOTION BY:
Hedbera
SECOND BY:
Millar
WHEREAS, The purpose of a Capital Improvement Program is to protect the infrastructure
of the City of Prior Lake by establishing a replacement plan for existing
infrastructure and to identify those improvements necessary to accommodate
the growth of the community; and
WHEREAS, An Equipment Matrix has been incorporated into the Capital Improvement
Program which is intended to identify the City's equipment needs and provide a
regular replacement schedule; and
WHEREAS, The Capital Improvement Program is a flexible planning document that
attempts to balance the financial resources of the City with its needs; and
WHEREAS, The establishment of a Capital Improvement Program will provide appropriate
information to manage capital change within the City of Prior Lake; and
WHEREAS, It is intended for the Capital Improvement Program to be established for a
period of five (5) years and to be updated annually; and
WHEREAS, On May 21, 2007 the City Council of Prior Lake conducted an informational
hearing on the 2008 Capital Improvement Program and offered opportunity for
public testimony on the capital spending priorities of the City Council.
NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF PRIOR LAKE that:
1. The recitals set forth above are incorporated herein.
2. The 2008-2012 Capital Improvement Program is hereby approved.
Passed and adopted this 18th day of June, 2007.
{Seal}
YES
Haugen Absent Haugen
Erickson X Erickson
Hedberg X Hedberg
LeMair X LeMair
Millar X Millar
1!~ City Manager
NO
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