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RESOLUTION 89-14 <br />RESOLUTION ESTABLISHING A SPECIAL SEALCOATIN8 FUND OF 1993. <br />WHEREAS, The City of Hugo is in the process of upgrading its municipal <br />streets by the bituminous surfacing of approximately 10 miles of roadway <br />in conjunction with Phase One of the City's Capital Improvements Program; <br />and <br />WHEREAS, Numerous subdivision developments have been approved <br />involving the construction of bituminous streets, and <br />WHEREAS, other roadway improvements have been made pursuant the <br />Chapter 429 of the public improvement code, and <br />WHEREAS, the city may be required to patch and sealcoat newly <br />constructed roadways as a part of an ongoing street maintenance program; <br />NOW THEREFORE BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF HUGO, <br />WASHINGTON COUNTY, MINNESOTA: <br />That the special sealcoating fund of 1993 be in hereby is established and <br />that certain bond proceeds for road construction, developer's deposits, <br />and general fund deposits be placed in said fund; <br />AND BE IT FURTHER RESOLVED: That monies deposited in said funds shall be <br />used for the purposes of improving the roadways in Phase one of the City's <br />Capital Improvements Program and other roadways identified therein. <br />Upon roll call the Council members voting AYE: McAllister, Olson, Vail, <br />Atkinson <br />Upon roll call the Council members voting NAY: None <br />Whereupon said resolution was declared passed and adopted this 5th day of <br />--__, -.-.' <br />