HomeMy WebLinkAboutResolution 6385 � O�
O ��� O CITY of ORONO
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� � '� �',� � RESOLUTION OF T� �I CY COUNCIL
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A RESOLUTION APPROVING
CAPITAL IMPROVEMENT PLAN AND
CONFIRMING INTENT TO ISSUE BONDS
WHEREAS, there has been presented to this Council a Supplemental Capital
Improvement Plan (the "Plan") for the County prepared in accordance with Minnesota Statutes,
Section 47�.521; and
WHEREAS, in preparing the Plan, this Council considered the factors set forth in
Minnesota Statutes, Section 475.521, Subd. 3; and
WHEREAS, a public hearing was duly called and held on the Plan and the Council's
intent to issue bonds for transactions contemplated by the Plan consisting of the construction of a
public safet}� annea to include a garage for police vehicles.
NOW, THEREFORE, BE IT RESOLVED, b�� the City Council of the Cit�� of Orono,
Hennepin County, Minnesota as follows:
1. The Plan is hereby approved.
�. The Council's intent to issue bonds pursuant to the Plan is hereby confirmed. The
estimated amount of bonds for this purpose is $3,385,000. The issuance of the bonds is subject
to a referendum if a petition meeting the requirements of Minnesota Statutes, Section 47�.�21,
Subd. 2(c) requesting a vote on the issuance is filed with the City Clerk within 30 days after the
date hereof.
3. Sealed proposals for the bonds, to be part of an issue a;gregating approximately
$5,380.000; will be received on Tuesday, May 27, 2014, at the offices of Ehlers & Associates,
Inc. The City Council will meet at City Hall at 7:00 o�clocl: P.M. on the same day for the
purpose of considering the proposals and awarding the sale of the bonds. The terms of the bonds
and the sale thereof shall be substantially as set forth in the report of Ehlers & Associates, Inc. on
file in the office of the City Finance Director.
APPROVING RESOLUTION
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O ,, ^ O CITY of ORONO
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� � .�:�; F RESOLUTION OF THE CI.T�COUNCIL
� G'�' NO. 6 3 $' �
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Adopted by the City Council of the City of Orono, Minnesota at a regular meeting held
April 14, 2014.
ATTEST: j/ �� �f
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Lili McMillan, Mayor
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Rachel Dodge, City Clerk
APPROVING RESOLUTION
Extract of Minutes of Meeting of the
City Council of the City of Orono, Minnesota
Pursuant to due call and notice thereof, a meeting of the City Council of the City of
Orono, Minnesota, was duly held at the City Hall, in Orono, Minnesota, on Monday, April 14,
2014.
The following members were present: Mayor McMillan, Levang,Bremer
and the following were absent: Anderson & Printup
* * * * * * * * *
The Mayor announced that the meeting was convened for the purpose of conducting a
public hearing and considering a resolution regarding a Supplemental Capital Improvement Plan
relating to construction of a public safety annex and the issuance of bonds therefor.
The following persons appeared orally or in writing
Denny Walsh
After completion of the public hearing Member Levang introduced the following written
resolution and moved its adoption:
0
STATE OF MINNESOTA )
) SS.
COUNTY OF HENNEPIN )
I, the undersigned, being the duly qualified and acting City Clerk of the City of Orono,
Minnesota, hereby certify that the above and foregoing Resolution No. 6385 is a true and correct
copy of the Resolution as adopted by the Orono City Council on the 14th day of Apri12014.
C��a.�_�2--e,� /��2 r.�_
City Clerk
City of Orono, Minnesota
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APPROVING RESOLUTION