My WebLink
|
Help
|
About
|
Sign Out
Home
Search
06-22-2020 Council Packet
LinoLakes
>
City Council
>
City Council Meeting Packets
>
1982-2020
>
2020
>
06-22-2020 Council Packet
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
12/2/2021 1:57:27 PM
Creation date
11/17/2021 11:41:09 AM
Metadata
Fields
Template:
City Council
Council Document Type
Council Packet
Meeting Date
06/22/2020
Council Meeting Type
Regular
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
106
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
CITY OF LINO LAKES <br />RESOLUTION NO. 20-67 <br /> <br />RESOLUTION ADOPTING A STREET RECONSTRUCTION <br />PLAN AND PROVIDING PRELIMINARY APPROVAL TO THE <br />ISSUANCE OF STREET RECONSTRUCTION BONDS <br />THEREUNDER <br /> <br /> <br />BE IT RESOLVED by the City Council (the “City Council”) of the City of Lino Lakes (the <br />“City”), as follows: <br /> <br />Section 1. Background. <br /> <br /> 1.01. The City is authorized under Minnesota Statutes, Section 475.58, subdivision 3b (the <br />“Act”), to prepare a plan for street reconstruction in the City over the next five years that will be financed <br />under the Act, including a description of the proposed work and estimated costs, and to issue general <br />obligation bonds to finance the cost of street reconstruction activities described in the plan. <br /> <br /> 1.02. Before the issuance of any bonds under the Act, the City is required to hold a public <br />hearing on the plan and issuance of the bonds. <br /> <br /> 1.03. Pursuant to the Act, the City, in consultation with its City engineer, has caused <br />preparation of the “2020 through 2024 Five-Year Street Reconstruction Plan for the City of Lino Lakes, <br />Minnesota” (the “Plan”), which describes certain street reconstruction activities in the City for the years <br />2020 through 2024. The reconstruction activities described in the Plan include, but are not limited to, the <br />2021 Street Reconstruction Project in the City, which consists of the reconstruction of 4th Avenue, Karth <br />Road, Joyer Lane, Talle Lane, Canfield Road, and Gaage Lane Drive Improvements (collectively, the <br />“Project”). Construction of the Project may take place at any time between 2020 and 2024. <br /> <br /> 1.04. The City has determined that it is in the best interests of the City to authorize the issuance <br />and sale of general obligation street reconstruction bonds pursuant to the Act in the maximum principal <br />amount of $2,600,000 (the “Bonds”). The purpose of the Bonds is to finance the costs of the Project as <br />described in the Plan. <br /> <br /> 1.05. On this date, the City Council held a public hearing on the Plan and the issuance of the <br />Bonds, after publication in the City’s official newspaper of a notice of public hearing at least ten (10) days <br />but no more than twenty-eight (28) days before the date of the hearing. <br /> <br />Section 2. Plan Approved. <br /> <br /> 2.01. The City Council finds that the Plan will improve the City’s street and utility systems, <br />which serves the interests of the City as a whole. <br /> <br /> 2.02. The Plan is approved in the form on file in City Hall. <br /> <br />Section 3. Bonds Issued under Plan. <br /> <br /> 3.01. The City hereby provides its preliminary approval to the issuance of the Bonds in a <br />maximum principal amount of $2,600,000 in order to finance the Project described in the Plan. The
The URL can be used to link to this page
Your browser does not support the video tag.