HomeMy WebLinkAbout2008-038 CCRMember Kay Lasman
moved its adoption:
introduced the following resolution and
RESOLUTION NO. 2008-38
RESOLUTION ORDERING IMPROVEMENTS FOR IMPROVEMENT PROJECT
NOS. 2008-05, 06, 07, AND 08, XERXES AVENUE AND NORTHWAY DRIVE
STREET AND UTILITY IMPROVEMENTS
1
WHEREAS, the Brooklyn Center City Council on September 10, 2007 authorized
consideration of street and utility improvements in the area generally described as "Xerxes
Avenue and Northway Drive"; more specifically described as follows: Xerxes Avenue North from
State Trunk Highway 100 to Northway Drive (south segment); Xerxes Avenue North from
Interstate Highway 94 to Shingle Creek Parkway (north segment); Northway Drive from County
State Aid Highway 10 to Xerxes Avenue (west segment); Northway Drive from Xerxes Avenue to
County State Aid Highway 10 (central segment); and Northway Drive from County State Aid
Highway 10 to easterly terminus (east segment); 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 February 11, 2008 adopted a resolution setting a
date for a public hearing regarding the proposed improvements for Xerxes Avenue and
Northway Drive; and
WHEREAS, ten days published notice of the hearing was given and the hearing was
held on March 24, 2008, 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 24, 2008 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 $797,723.99.
RESOLUTION NO. 2008-38
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of
Brooklyn Center, Minnesota, that:
1. Improvement Project Nos. 2008-05, 06, 07, and 08, Xerxes Avenue and
Northway Drive Street and Utility Improvements, are hereby ordered.
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.
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March 24. 2008 Date Mayor
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ATTEST: ~ -)Ml .t~m
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 Lasman, Dan Ryan, and Mark Yelich;
and the following voted against the same: Mary 0' Connor;
whereupon said resolution was declared duly passed and adopted.