2005-139 Council Resolution - Laserfiche WebLink

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The City Council of the City of Lino Lakes is considering the improvement and reconstruction of certain streets in the City, as described in the West Shadow Lake Drive Area Feasibility Study, dated June 3, 2005, referred to as the 2007 Street Reconstruction Project. The total cost of the 2007 Street Reconstruction Project is estimated to be $4,800,740. Approximately 52.7% of the cost is proposed to:be paid by levying special assessments against the benefited property abutting the relevant streets, including property owned by the City, in accordance with standard City assessment policies. Approximately 47.3% of the cost is proposed to paid by City utility funds and the City general fund, including revenues from a property tax levied against all property in the City. The City Charter requires voter approval before undertaking a local improvement financed in part by the general fund. SHOULD THE CITY OF LINO LAKES BE AUTHORIZED TO UNDERTAKE THE 2007 STREET RECONSTRUCTION PROJECT, AND TO PAY APPROXIMATELY 52.7% OF THE COST FROM SPECIAL ASSESSMENTS LEVIED ACCORDING TO CITY POLICIES AND 47.3% OF THE COST FROM THE CITY GENERAL FUND INCLUDING REVENUES FROM A LEVY ON ALL TAXABLE PROPERTY IN THE CITY? 3. The City Clerk is hereby directed to (i) publish and post the notice of election in the City's official newspaper, substantially in the form attached hereto as Exhibit A at least two weeks before the election; (ii) publish a sample ballot in the City's official newspaper at least one week before the election; (iii) post a sample ballot in City Hall for public inspection, and at each polling place, at least four days before the election; and (iv) provide written notice of the election to the County Auditor of the County of Anoka at least 53 days before the election, including the date of the election and title and language for the ballot question; all as required by Chapter 205. 4. The City finds and determines that the foregoing recitals are true and correct. 5. This resolution shall take effect from and after its adoption. Adopted this 13th day of September, 2005: ATTEST: SJB- 267969v1 LN140 -94 CITY OF LINO LAKES, MINNESOTA 4 -119D-