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HomeMy WebLinkAbout2005-066 Council Resolution• CITY OF LINO LAKES RESOLUTION NO. 05 -66 RESOLUTION ACCEPTING THE PAVEMENT MANAGEMENT FINANCING REPORT WHEREAS, the City Engineer has presented the Pavement Management Financing Report to the Council for approval, and WHEREAS, it has been requested that this financing report be accepted by the Council; NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF LINO LAKES, MINNESOTA: 1. Accept the Pavement Management Financing Report. Adopted by the Lino Lakes City Council this 9th day of May, 2005. ATTEST: Ann J. Blaif7 City Clerk Joh Berg on, -yor • • • AGENDA ITEM 6Eii STAFF ORIGINATOR: James E. Studenski COUNCIL MEETING DATE: May 9, 2005 TOPIC: Resolution No. 05 -66, Accepting Pavement Management Financing Report VOTE REQUIRED: Simple Majority BACKGROUND: At the March 9, 2005 Work Session, staff presented the Pavement Management Financing Report dated March 2005 to the City Council. The purpose of the report is to identify available funding sources to implement a Pavement Management Program and to project the impact of these funding sources on the user fees and property tax rates over the next 10 years, as well as to suggest associated financial policies required to implement the program in a fair and equitable manner. It was then requested, at the April 20, 2005 Work Session, that this financing report be accepted by the Council. OPTIONS: 1. Return to staff for further review. 2. Adopt Resolution Number 05 -66, Accepting Pavement Management Financing Report. 3. Not adopt Resolution Number 05 -66. RECOMMENDATION: Option No. 2 - Staff recommends that Resolution No. 05 -66 be adopted.