Resolution 10283 - 2026/08/10 - Laserfiche WebLink

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RESOLUTION 10283 EXTRACT OF MINUTES OF A MEETING OF THE CITY COUNCIL OF THE CITY OF MOUNDS VIEW STATE OF MINNESOTA HELD: AUGUST 10, 2026 Pursuant to due call and notice thereof, a regular meeting of the City Council of the City of Mounds View, State of Minnesota, was duly held in the City on August 10, 2026, at 6:00 o'clock p.m., for the purpose, in part, of calling an election to authorize the issuance of school building bonds. Member Julie Clark moved the adoption of the following Resolution: RESOLUTION RELATING TO AUTHORIZING THE ISSUANCE OF GENERAL OBLIGATION BONDS AND CALLING AN ELECTION THEREON BE IT RESOLVED by the City Council ("Council") of the City of Mounds View, State of Minnesota (the "City"), as follows: 1. The Council hereby finds and determines that it is necessary and expedient for the City to borrow money in an aggregate amount not to exceed $15,000,000 and not to exceed any limitation upon the incurring of indebtedness which shall be applicable on the date or dates of the issuance of any bonds, for the purpose of providing funds for the acquisition and betterment of City park, sites and facilities, including renovations, improvements and updates to Silver View Park and Wooderest Park, including safety and accessibility improvements at those sites. The question on the borrowing of funds for these purposes shall be City Question 1 on the City ballot at the special election held to authorize said borrowing. 2. The Council hereby finds and determines that it is also necessary and expedient for the City to borrow money in an aggregate amount not to exceed $5,000,000 and not to exceed any limitation upon the incurring of indebtedness which shall be applicable on the date or dates of the issuance of any bonds, for the purpose of providing funds for the acquisition and betterment of the City's Community Center, including the construction and equipping of additions to provide indoor athletic courts and a walking track. The question on the borrowing of funds for these purposes shall be City Question 2 on the City ballot at the special election held to authorize said borrowing. 3. The ballot questions specified above shall be submitted to the qualified voters of the City at a special election, which is hereby called and directed to be held in conjunction with the State General Election on Tuesday, November 3, 2026. This date is a uniform election date specified in Minnesota Statutes, Section 205.10.