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08-04-14 Council Packet
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08-04-14 Council Packet
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10/14/2014 2:39:38 PM
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City Council
Council Document Type
Council Packet
Meeting Date
08/04/2014
Council Meeting Type
Work Session Regular
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WS — Item #3 <br />WORK SESSION STAFF REPORT <br />Work Session Item No. 3 <br />Date: August 4, 2014 <br />To: City Council <br />From: Michael Grochala, Community Development Director <br />Re: Street Reconstruction Plan Update <br />Background <br />On June 23, 2014 the City Council held a public hearing and took action to adopt Resolution No. <br />14 -65 approving the 5 Year Street Reconstruction Plan (2015 — 2019) and provide preliminary <br />authorization for the issuance of $3,150,000 in General Obligation Bonds. The proposed project <br />would include the reconstruction of streets in the Shenandoah Area. <br />Under Minnesota Statutes, Chapter 475, if a petition requesting a vote on the issuance is signed <br />by voters equal to five percent of the votes cast in the last municipal general election and is filed <br />with the City within 30 days of the public hearing the City can only issue the bonds if approved <br />by election. The City did receive a petition with the requisite number of signatures requesting <br />the vote. 79 signatures where required and the City Clerk has verified a total of 111 on the <br />petition. <br />The Council has two options: <br />1) The council may place the question on the 2015 ballot for consideration by the voters of <br />the city. If the ballot measure passes, the City can issue bonds for the project. If the <br />question fails the same project, in the same amount, cannot be submitted to the voters for <br />a period of 180 days. If it fails a second time it cannot be submitted for a period of one <br />year from the second election; or <br />2) The council may elect not to submit the question to the voters. In this instance the City <br />cannot propose issuance of bonds for the same purpose and amount for a period of 365 <br />days from the date the petition was received. <br />If the council wishes to place the matter on the ballot for consideration action to approve the <br />ballot language and call a special election will need to be taken at the August 11, 2014 regular <br />meeting. <br />
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