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<br />. <br /> <br />. <br /> <br />. <br /> <br />RESOLUTION NO. 5383 <br />Establishing a Street Reconstruction Fund and dedicating a portion of Electric and Natural <br />Gas Franchise Fees to said ]<und <br />ClTY OF MOUNDS VIEW <br />County of Ramsey <br />State of Minnesota <br /> <br />\VHEREAS, the City's cxisting streets are aging and will need to be reconstructcd; <br /> <br />WHEREAS. the City has determined that it wishes to reduce the percentage of the strcet <br />reconstruction costs that are paid by propelty owners; <br /> <br />\VHEREAS, the City necds a funding source to pay for its share of street reconstruction <br />projects; and <br /> <br />WHEREAS, the City is authorized to levy a franchisc fee on Electric and I\atural Gas saIcs in <br />the City of Mounds View of up to 4(%; and <br /> <br />WHEREAS, the City has detel1nined that it will levy the full 4% franchise fee in the year 2000 <br />with at Jeast 1 12~~J of the 4% to be used towards future street reconstruction projects. <br /> <br />NOW THEREFORE, BE IT RESOLVED by the City Council of the City of Mounds View <br />that a Street Reconstruction Fund be hereby established. <br /> <br />BE IT FURTHER RESOLVED, that the Street Reconstruction Fund can onJy be uscd to pay <br />for the costs associated with street rehabilitation/ovcrlay. street reconstruction. or street <br />construction projects provided. however, that if the City Council determines that any monies in <br />said fund should be used for some other purpose. it must conduct a public hearing by providing <br />at least fourteen days public notice and publish a notice of said public hearing in the City's legal <br />ncwspaper. and approve such other use of said funds by at least three votcs of the City Council. <br />For purposes of this resolution, street rehabilitation/overlay. street reconstruction. and street <br />construction costs do not include costs associatcd with street lighting. storm water. wastewater or <br />watcr system costs which will be funded by other sources. <br /> <br />BE IT FURTHER RESOLVED. that for the year 2000. at least 1 Y2% of the 4% Electric and <br />Natural Gas Franchise Fee will be deposited upon receipt, into the Strect Rcconstruction Fund. <br /> <br />Whereas said resolution was declared to have been duly passed and adopted this J 5th day of <br />November, 1999. <br /> <br />ATTEST: <br /> <br />/.' ... <br />/,i I[ ,,/ <br />Lfl-/ ...! <br />~--'l' - <br />. . ~ . <br /> <br />,/ <br /> <br />IL/.:t..-I,l.iI. <br /> <br />Mayor <br /> <br />(SEAL) <br /> <br />Cf12 fcJqr , <br /> <br />City Administrator <br />