HomeMy WebLinkAbout04-155 CITY OF LAKEVILLE
STATE OF MINNESOTA
RESOLUTION NO. 04-155
RESOLUTION CALLING FOR A PUBLIC HEARING ON THE
ADOPTION OF THE 5-YEAR CAPITAL IMPROVEMENT PLAN
AND APPROVAL OF THE ISSUANCE OF CAPITAL
IlVIPROVEMENT BONDS PURSUANT TO MINNESOTA
STATUTES, SECTION 475.521
BE IT RESOLVED by the City Council of the City of Lakeville, Minnesota (the City), as follows:
1. Adoption of the 5-Year Capital Improvement Plan 2004-2008. A 5-Year Capital
Improvement Plan 2004-2008 (the CIl') has been prepared pursuant to Minnesota Statutes, Section
475.521. The CIP covers afive-year period beginning with the date of its adoption; sets forth the
estimated schedule, timing, and details of specific capital improvements by year, together with the
estimated cost, the need for the improvement, and sources of revenue to pay for the improvement.. The
CIP must be approved by the City Council following published notice and a public hearing. Accordingly,
it has been proposed that the City Council hold a public hearing on September 7, 2004, in order to adopt
the CIP.
2. 1. Approval of the Issuance'of Capital Improvement Bonds. The City intends to
issue capital improvement bonds to finance the construction of a central maintenance facility, as
• described in the CIP, pursuant to Minnesota Statutes, Section 475.521. Accordingly, it has been proposed
that the City Council publish notice and hold a public hearing on September 7, 2004, in order to approve
the issuance of capital improvement bonds.
3. Public Hearin. A public hearing is hereby scheduled to be held on the adoption of
the CIP and the approval of the City's intent to issue capital improvement bonds at 7:00 p.m. on Tuesday,.
September 7, 2004, at the Lakeville City Ha11, 20195 Holyoke Avenue, Lakeville, Minnesota. The City
Administrator is herebyauthorized and directed to cause notice of such public hearing in substantially the
form of Exhibit A attached hereto to be published in the official newspaper of the City not less than
fourteen (14) days nor more than twenty-eight (28) days prior to the date of the hearing.
Approved by the City this 2"d day of August, 2004.
Mayor
ttest:
City Clerk