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HomeMy WebLinkAbout1995-053 CCR1 1 Member Debra Hilstrom introduced the following resolution and moved its adoption: RESOLUTION NO. 95 -53 RESOLUTION TERMINATING IMPROVEMENT PROJECT NOS. 1995- 01&02, AND ESTABLISHING IMPROVEMENT PROJECT NOS. 1995 -07, 08, 09, WOODBINE NEIGHBORHOOD STREET, STORM DRAINAGE, AND UTILITY IMPROVEMENTS WHEREAS, the City Council by Resolution No. 94 -153 established Improvement Project Nos. 1995 -01 and 1995 -02, Woodbine Neighborhood Street and Utility Improvements; and WHEREAS, subsequent analysis of the storm drainage area proposed to be improved has revealed that the project area should be expanded from that established for projects 1995- 01 and WHEREAS, the City Council on December 19, 1994 amended its special assessment policy to provide for the assessment of certain types of storm drainage costs; and WHEREAS, in light of these factors, for the sake of clarity and administrative simplification, it is advisable to terminate projects 1995 -01 &02 and reestablish the Woodbine Neighborhood Improvements as new improvement projects; and WHEREAS, the City reasonably expects to expend monies from the Capital Improvements Fund, MSA Construction Fund, the Public Utilities Funds, or the Special Assessment Construction Fund, on a temporary basis to pay the expenditures described in this resolution; and WHEREAS, the City reasonably expects to reimburse itself for such expenditures from the proceeds of taxable or tax exempt bonds, the debt service of which is expected to be paid from property taxes, special assessments, or utility fees. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Brooklyn Center, Minnesota that: 1. Improvement Project Nos. 1995 -01 02, Woodbine Neighborhood Street and Utility Improvements, are hereby terminated. 2. Improvement Project Nos. 1995 -07, 08, 09, Woodbine Neighborhood Street, Storm Drainage, and Utility Improvements, are hereby established. This project area includes all streets between Brooklyn Boulevard and France Avenue, from 71st Avenue to the north city limits. 1 RESOLUTION NO. 95 -53 3. City staff is hereby authorized and directed to assemble and develop such information as may be necessary to develop a reliable needs evaluation and cost estimates, financing options, and feasibility reports for the above established projects. 4. Staff is hereby authorized and directed to conduct informational meetings as necessary in the above described neighborhood to present the findings of the preliminary reports. 5. Staff is hereby directed to report the results of said informational meetings to the City Council for further consideration of possible improvement projects. 6. This resolution is intended to constitute official intent to issue taxable or tax exempt reimbursement bonds for purposes of Treasury Regulation 1.105 -2 and any successor law, regulation, or ruling. This resolution shall be modified to the extent required of permitted by Treasury Regulation 1.105 -2, or any successor law, regulation, or ruling. February 13, 1995 Date U Mayo, ATTEST: Deputy Clerk The motion for the adoption of the foregoing resolution was duly seconded by member Kristen Mann and upon vote being taken thereon, the following voted in favor thereof: Myrna Kragness, Kristen Mann, Debra Hilstrom, and Kathleen Carmody; and the following voted against the same: none, whereupon said resolution was declared duly passed and adopted.