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HomeMy WebLinkAbout1997-038 CCRadoption: Member �6L+H-&Y 1 OArma� introduced the following resolution and moved its • RESOLUTION NO. q 1'38 RESOLUTION ORDERING IMPROVEMENTS AND AUTHORIZING PREPARATION OF PLANS AND SPECIFICATIONS, IMPROVEMENT PROJECT NOS. 1997-01, 02, AND 03, ORCHARD LANE WEST, STREET, STORM DRAINAGE, AND UTILITY IMPROVEMENTS WHEREAS, the Brooklyn Center City Council on February 24, 1997 authorized consideration of street, storm drainage, and utility improvements in the area generally described as all streets located west of Orchard Avenue North and south of I-94/694, except 63rd Avenue, an area referred to as the "Orchard Lane West Area"; and WHEREAS, the Council has previously received and accepted a feasibility report for said proposed improvements, as prepared by the City Engineer; and WHEREAS, such improvement is necessary, cost effective, and feasible as detailed in the feasibility report; and WHEREAS, Resolution 97-27 adopted on the 27th of January, 1997 set a date for a public hearing regarding proposed improvements for the Orchard Lane West Area; and . WHEREAS, ten days published notice of the hearing was given and the hearing thereon was held on the 24th day of February, 1997, at which time all persons desiring to be heard were given an opportunity to be heard thereon; and WHEREAS, the Council has considered all comments, testimony, evidence, and reports offered at or prior to the February 24, 1997 hearing; and WHEREAS, the City reasonably expects to expend monies from the Capital Improvements Fund, the Public Utilities Fund, or the Special Assessment 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 $1,500,000. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Brooklyn Center, Minnesota that: 1. Improvement Project Nos. 1997-01, 02, and 03, Orchard Lane West Area Street, Storm Drainage, and Utility Improvements,_ is hereby ordered. Resolution No. ��3$ • 2. The City Engineer is hereby authorized and directed to develop final plans and specifications for said improvements. 3. 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 successor law, regulation, or ruling. 19'11199-7 Date Mayor ATTEST: City Clerk The motion for the adoption of the foregoing resolution was duly seconded by member Debra }}i IS+Pbm and upon vote being taken thereon, the following voted in favor thereof: (n rna Kra9neSs� ka+hleen CArrvdy) I)ebra 11 IS4N M, Kati 1ASnwo, Ro%�4 Peppe andthe following voted against the same: Nore whereupon said resolution was declared duly passed and adopted. •