HomeMy WebLinkAbout1994-090 CCR1
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ATTEST:
April 25, 1994
Date
Deputy Clerk
RESOLUTION NO. 94 90
Todd Paulson, Mayor
Member Kristen Mann introduced the following resolution and
moved its adoption:
RESOLUTION DIRECTING STAFF TO INITIATE THE SALE OF BONDS FOR
STREET AND STORM WATER IMPROVEMENTS AND ACCEPTING PROPOSAL FOR
PROFESSIONAL SERVICES
WHEREAS, Section 7.13 of the City Charter provides the City
Council with authority to issue debt for any municipal purpose in
accordance with law and within the limitations prescribed by law; and
WHEREAS, the City Council has approved the construction of
streets and storm sewers in the northwest area, streets in the James/
Knox /54th Avenue area, and a storm water pond and park; and
WHEREAS, the estimated cost of these projects for which it is
necessary to finance by the issuance of bonds is $2,900,000; and
WHEREAS, the successful issuance of bonds requires the
services of various outside professionals and contractors.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City
of Brooklyn Center, Minnesota, as follows:
1. the Staff is directed to initiate proceedings for the
sale of bonds in the estimated amount of $2,900,000.
2. the proposal submitted by Springsted Inc. for $15,500 to
serve as fiscal advisor for this bond sale is accepted.
3. the Staff is authorized to utilize other professional
services in amounts up to $15,000 to accomplish the bond
sale.
The motion for the adoption of the foregoing resolution was duly
seconded by member Dave Rosene and upon vote being taken
thereon, the following voted in favor thereof:
Todd Paulson, Celia Scott, Dave Rosene, Barb Kalligher, and Kristen Mann;
and the following voted against the same: none
whereupon said resolution was declared duly passed and adopted.