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HomeMy WebLinkAbout1992.02.18 RESO 1992-0004RESOLUTION 1992-4 RESOLUTION APPROVING WATER SYSTEM IMPROVEMENTS AND AUTHORIZING IMPLEMENTATION OF FINANCING PLAN WHEREAS, the City Council has identified water -system improvements as their top priority for the 1992 calendar year, and WHEREAS. the City Engineer has prepared and submitted a water -system plan for the making of the water -system improvements needed, and WHEREAS, the City staff has submitted various financing options for the making of said water -system improvements, and WHEREAS, a public hearing has been held to secure public input on this Capital Improvements Project, and WHEREAS, the estimated cost of the proposed water -system improvements is $1,492,000.00; NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF HUGO, WASHINGTON COUNTY, MINNESOTA, AS FOLLOWS: 1. The water -system plan, as prepared by the City Engineer, dated 12/11/91y is hereby accepted. 2. The City Engineer and City Administrator are hereby directed to identify an appropriate well and water tower site location, and proceed with acquisition of same. 3. The City Engineer is hereby directed to proceed with preparation of plans and specifications and other research necessary for the implementation of the water -system improvements, identified as one 500,000 gallon elevated storage tank, one well & pump house, and water main improvements. 4. The financing plan, as prepared by the City staff, is hereby adopted. 5. The financial consulting firm of Ehlers and Associates is hereby designated as the City's financial consultant. 6. The financing of these improvements may be made by tax levy, water availability charges (WAC), utility rates, development impact fees, tax increment financing, and/or assessments. Upon roll call, Council members voting AYE: Barnes, Brunotte, Jesinski, Miron, Stoltzman Voting NAY: NONE Whereupon said resolution was declared passed and adopted this 18th day of February, 1992. Walter L. StoltzmA, Mayor ATTEST: Mary reager, City /_rk