HomeMy WebLinkAbout2014-022 CCR Member Lin Myszkowski introduced the following resolution and moved
its adoption:
RESOLUTION NO. 2014-22
RESOLUTION AUTHORIZING A LOAN APPLICATION TO THE MINNESOTA
PUBLIC FACILITIES AUTHORITY FOR THE CITY OF BROOKLYN
CENTER'S WATER TREATMENT PLANT PROJECT NO. 2014-05
WHEREAS, the City of Brooklyn Center is hereby applying to the Minnesota Public
Facilities Authority for a loan from the Drinking Water Revolving Fund for making improvements to
its drinking water system as described in the loan application; and
WHEREAS, the City of Brooklyn Center estimates the loan amount to be
$18,254,000 or the as-bid cost of the project; and
WHEREAS, the City of Brooklyn Center has the legal authority to apply for the
loan, and the financial, technical, and managerial capacity to repay the loan and ensure proper
construction, operation and maintenance of the project for its design life.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of
Brooklyn Center,Minnesota,that the City of Brooklyn Center hereby expresses its official intent to
use proceeds of this loan to reimburse construction expenditures made prior to the issuance of its
bond to the Public Facilities Authority.
January 27, 2014
G --
Date i4ayor Pro Tem
ATTEST: JAW
City Clerk
The motion for the adoption of the foregoing resolution was duly seconded by member
Carol Kleven
and upon vote being taken thereon,the following voted in favor thereof:
Carol Kleven, Kris Lawrence-Anderson, Lin Myszkowski, and Dan Ryan;
and the following voted against the same: none;
whereupon said resolution was declared duly passed and adopted.