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HomeMy WebLinkAboutResolution - 2020-105 - 2021-2030 Captial Improvement Plan - 12/01/2020CITY OF EDEN PRAIRIE HENNEPIN COUNTY, MINNESOTA RESOLUTION NO. 2020-105 A RESOLUTION ADOPTING THE 2021 TO 2030 CAPITAL IMPROVEMENT PLAN WHEREAS, during the course of the preparation and review of the 2021 to 2030 Capital Improvement Plan (the CIP) the City Council (the Council) of the City of Eden Prairie, Minnesota (the City) has considered, for each capital improvement and for the CIP overall: the condition of the City's existing infrastructure, including the projected need for repair or replacement; the likely demand for the improvement; the estimated cost of the improvement; the available public resources; the level of overlapping debt in the City; the relative benefits and costs of alternative uses of the funds; operating costs of the proposed improvements; and alternatives for providing services most efficiently through shared facilities with other cities or local government units; and WHEREAS, the CIP covers at least a ten-year period beginning with the date of its adoption; sets forth the estimated schedule, timing, and details of specific capital improvements by year, together with the estimated cost, the need for the improvement, and sources of revenue to pay for the improvement; and WHEREAS, it is in the best interests of the City to approve the CIP. NOW, THEREFORE, BE IT HEREBY RESOLVED BY THE CITY COUNCIL OF THE CITY OF EDEN PRAIRIE, that the City Council hereby approves the 2021 to 2030 Capital Improvement Plan. ADOPTED by the City Council of the City of Eden Prairie this lst day of December 2020. Ronald Case, Mayor /~ z ATTEST: