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HomeMy WebLinkAbout2007-025 CCRMember Kay Lasrnan introduced the following resolution and moved its adoption: RESOLUTION NO. 2007-25 RESOLUTION ORDERING IMPROVEMENTS AND AUTHORIZING DEVELOPMENT OF PLANS AND SPECIFICATIONS FOR IMPROVEMENT PROJECT NOS. 2007-05, 06, 07, AND 08, RIVERWOOD ARJEA NEIGHBORHOOD STREET, STORM DRAINAGE, AND UTILITY IMPROVEMENTS WHEREAS, the Brooklyn Center City Council on March 13, 2006 authorized consideration of street, storm drainage, and utility improvements in the area generally described as the "Riverwood Area Neighborhood"; more specifically described as follows: Willow Lane North from 73`d Avenue North to Interstate Highway 694, Dallas Road from 73`d Avenue North to Willow Lane North (including 6800, 6900, 7000, 7100 and 7200 Blocks), Riverdale Road from 73`d Avenue North to Dallas Road, 73`d Avenue North from West River Road to Willow Lane North, 72"d Avenue North from West River Road to Riverdale Road, 70th Avenue North from West River Road to Willow Lane North, 66th Avenue North from State Highway 252 to Willow Lane North, 65th Avenue North from State Highway 252 to Willow Lane North and West River Road from 66th Avenue North to 73`d Avenue North; and WHEREAS, the Council has previously received and accepted a feasibility report for said proposed improvements, as prepared by the City Engineer; and WHEREAS, said improvements are necessary, cost effective and feasible as detailed in the feasibility report; and WHEREAS, the City Council on January 8, 2007 adopted a resolution setting a date for a public hearing regarding the proposed improvements for the Riverwood Area Neighborhood; and WHEREAS, ten days published notice of the hearing was given and the hearing was held on February 12, 2007, at which time all persons desiring to be heard were given the opportunity to be heard thereon; and WHEREAS, the Council has considered all comments, testimony, evidence and reports offered at or prior to the February 12, 2007 hearing; and WHEREAS, the City reasonably expects to spend monies from the Infrastructure 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. The maximum amount of obligations expected to be issued for such project is $782,903.00; and RESOLUTION NO. 2007-25 WHEREAS, the City Engineer is prepared to develop plans and specifications for said public improvement project; and NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Brooklyn Center, Minnesota, that: 1. Improvement Project Nos. 2007-05, 06, 07, and 08, Riverwood Area Neighborhood Street, Storm Drainage, and Utility Improvements, are hereby ordered and the City Engineer is authorized to prepare plans and specifications for said improvements. 2. 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 or permitted by Treasury Regulation 1.105-2 or any success law, regulation, or ruling. Februarv 12. 2007 1 ate r Mayor ATTEST: ~C City Clerk The motion for the adoption of the foregoing resolution was duly seconded by member Dan Ryan and upon vote being taken thereon, the following voted in favor thereof: Tim Willson, Kay Layman, Dan Ryan, and Mark Yelich; and the following voted against the same: Mary 0' Connor; whereupon said resolution was declared duly passed and adopted.