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HomeMy WebLinkAbout2007-033 CCRMember Kay Ia sman moved its adoption: introduced the following resolution and RESOLUTION NO. 2007- 33 RESOLUTION ORDERING IMPROVEMENTS AND AUTHORIZING DEVELOPMENT OF PLANS AND SPECIFICATIONS FOR IMPROVEMENT PROJECT NOS. 2007-01, 02, 03, AND 04, FREEWAY BOULEVARD AND SHINGLE CREEK PARKWAY 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 "Freeway Boulevard/Shingle Creek Parkway area"; more specifically described as follows: Freeway Boulevard/65t' Avenue from 700 feet west of Shingle Creek Parkway to 375 feet east of Bryant Avenue North; Shingle Creek Parkway from Freeway Boulevard to the bridge deck over Interstate Highway I-94/694; Shingle Creek Parkway from 370 feet south of John Martin Drive to County Road 10; and James Circle North located between Freeway Boulevard and Interstate Highway I-94/694; and 1 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 22, 2007 adopted a resolution setting a date for a public hearing regarding the proposed improvements for the Freeway Boulevard/Shingle Creek Parkway area; and WHEREAS, ten days published notice of the hearing was given and the hearing was held on February 26, 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 26, 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 $ 557,931.00; and RESOLUTION NO. 2007- 33 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. 2007-01, 02, 03, and 04, Freeway Boulevard/Shingle Creek Parkway 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. February 26, 2007 Date Mayor ATTEST: City Clerk The motion for the adoption of the foregoing resolution was duly seconded by member Mark Yelich and upon vote being taken thereon, the following voted in favor thereof- Tim-Willson, Kay la.sman, Mary O'Connor, Dan Ryan, and Mark Yelich; and the following voted against the same: none; whereupon said resolution was declared duly passed and adopted.