06-26-2023 City Council Packet - Laserfiche WebLink

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d) A 30 day period must elapse during which time a petition may be submitted requesting an election. The petition must be signed by voters equal to 5% of the votes cast in the last municipal general election. e) If no petition is received, the city may issue bonds without election. The draft 2024-2028 Five Year Street Reconstruction Plan has been prepared. The public hearing has been set for the June 26, 2020 City Council meeting. This will allow for the reverse petition process and possible ballot question submittal to Anoka County, if necessary. If a petition is received, a ballot question will be prepared for consideration by the voters in the 2023 municipal election. If no petition is received, the council may authorize preparation of plans as specifications for the project. City Council consideration following the public hearing will be to approve the 5 year Street Reconstruction Plan and authorize the issuance of Street Reconstruction Bonds for the 2024 improvements. Staff would like to emphasis the following points: The 2024 project will be subject to future council consideration and action including construction plan approval. Approval of the plan and bond authorization does not obligate the City to construct a project or issue bonds. The amount of bonds authorized under the plan represents a maximum amount. The actual amount of bonds issued will be subject to council approval once a final project cost is determined following plan design and bidding process. The plan allows for the bonding for the 2024 improvements to occur anytime during the 2024 – 2028 Five-Year Street Reconstruction Plan timeframe. No authority is being provided to authorize the 2028 improvements. Those improvements will be subject to future revision of the 5 Year Street Reconstruction Plan. RECOMMENDATION Staff is recommending approval of Resolution No. 23-58. ATTACHMENTS 1.Resolution No. 23-58 2.2024 – 2028 Five Year Street Reconstruction Plan