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HomeMy WebLinkAbout2003-038 CCRMember Bob Peppe introduced the following resolution and moved its adoption: RESOLUTION NO. 2003-38 RESOLUTION ORDERING IMPROVEMENTS AND AUTHORIZING DEVELOPMENT OF PLANS AND SPECIFICATIONS FOR IMPROVEMENT PROJECT NOS. 2003-01, 02, AND 03, HAPPY HOLLOW AREA STREET, STORM DRAINAGE, AND UTILITY IMPROVEMENTS WHEREAS, the Brooklyn Center City Council on February 10, 2003 authorized consideration of street, storm drainage, and utility improvements in the area generally described as "Happy Hollow Improvement Area"; more specifically described as follows: 50th Avenue North from T.H. 100 to Brooklyn Boulevard; 49th Avenue North from Beard Avenue North to Brooklyn Boulevard; Abbott Avenue North from 49th Avenue North to 350 ft. north of 50th Avenue North; Beard Avenue North from 49th Avenue North to 50th Avenue North; and Lilac Drive from 50th Avenue North to 800 feet north of 50th Avenue North. WHEREAS, the Council has previously received and accepted a feasibility report for said proposed improvements, as prepared by the Acting City Engineer; and WHEREAS, said improvements are necessary, cost effective and feasible as detailed in the feasibility report; and WHEREAS, the City Council on February 10, 2003 adopted a resolution setting a date for a public hearing regarding the proposed improvements for the Happy Hollow Neighborhood; and WHEREAS, ten days published notice of the hearing was given and the hearing was held on March 10, 2003, 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 March 10, 2003 hearing; and WHEREAS, the City reasonably expects to spend monies from the Infratructure 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 $ 221,000; and RESOLUTION NO. 2003-38 WHEREAS, the Acting City Engineer is prepared to develop plans and specifications for said project. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Brooklyn Center, Minnesota, that: 1. Improvement Project Nos, 2003-01, 02 and 03, Happy Hollow Neighborhood Street, Storm Drainage, and Utility Improvements, are hereby ordered and the Director of Public Works is authorized to prepare plans and specifications for said improvement. 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. March 10, 2003 Date ATTEST: J.. City Clerk .t~+t.o May The motion for the adoption of the foregoing resolution was duly seconded by member Kay Tasman and upon vote being taken thereon, the following voted in favor thereof Myrna Kragness, Kathleen Carmody, Kay Tasman, Diane Niesen, and Bob Peppe; and the following voted against the same: none; whereupon said resolution was declared duly passed and adopted.