My WebLink
|
Help
|
About
|
Sign Out
Home
Search
08-04-14 Council Packet
LinoLakes
>
City Council
>
City Council Meeting Packets
>
1982-2020
>
2014
>
08-04-14 Council Packet
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
10/14/2014 2:39:38 PM
Creation date
8/6/2014 8:36:24 AM
Metadata
Fields
Template:
City Council
Council Document Type
Council Packet
Meeting Date
08/04/2014
Council Meeting Type
Work Session Regular
Jump to thumbnail
< previous set
next set >
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
221
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
becomes an ongoing fiscal planning tool that continually anticipates future <br />capital expenditures and funding sources. <br />II. THE STREET RECONSTRUCTION PLANNING PROCESS <br />For the City to use its authority to finance expenditures under Chapter <br />475.58, Subdivision 3b, it must meet the requirements provided therein. The <br />street reconstruction planning process is as follows: <br />The City staff prepares an SRP reflecting the street reconstruction projects <br />anticipated to be undertaken within the next five years (based on their <br />priority, fiscal impact, and available funding) and the estimated costs <br />thereof. If general obligation bonding is deemed necessary, the City works <br />with its financial advisor to prepare a bond sale and repayment schedule. A <br />public hearing is held to solicit input from citizens on the SRP and the <br />issuance of bonds. Notice of such hearing must be published in the official <br />newspaper of the City at least 10, but not more than 28 days prior to the <br />date of the public hearing. The City Council must approve the SRP and the <br />sale of street reconstruction bonds by a unanimous vote of those members <br />present at the meeting following the public hearing. <br />Voters may petition for a reverse referendum on the issuance of street <br />reconstruction bonds. If a petition bearing the signatures of voters equal to <br />at least 5% of the votes cast in the last general election requesting a vote on <br />the issuance of street reconstruction bonds is received by the City Clerk <br />within 30 days after the public hearing, the City may only issue general <br />obligation street reconstruction bonds after approval by voters at an <br />election. If no petition is submitted, general obligation street reconstruction <br />bonds may be issued without an election. <br />In subsequent years, the process is repeated annually or as expenditures are <br />completed and new needs arise. <br />III. PROJECT SUMMARY AND FINANCING <br />Street reconstruction projects anticipated to be undertaken within the next <br />five years and the estimated costs thereof are set forth in Appendix A. A <br />map of the proposed project streets is included in Appendix B. Those for <br />6/23/2014 <br />
The URL can be used to link to this page
Your browser does not support the video tag.