HomeMy WebLinkAboutResolution - 2005-87 - General Obligation Capital Improvement Bonds for Fire Station No. 4 - 07/05/2005 CITY OF EDEN PRAIRIE
HENNEPIN COUNTY, MINNESOTA
RESOLUTION NO. 2005-87
A RESOLUTION AUTHORIZING AN AMENDMENT TO THE 2004 TO 2008
CAPITAL IMPROVEMENT PLAN AND THE ISSUANCE OF GENERAL
OBLIGATION CAPITAL IMPROVEMENT PLAN BONDS
WHEREAS, the City Council (the Council)held a public hearing and adopted the 2004
to 2008 Capital Improvement Plan(the CIP)pursuant to and in accordance with Minnesota
Statutes, Section 475.521 on December 16, 2003; and
WHEREAS, the City proposes to amend the CIP to increase the estimated cost of the
construction of a fire station building and other improvements identified in the CIP from
$3,050,000 to $3,500,000, as more fully described on Exhibit A hereto; and
WHEREAS, the City intends to issue Capital Improvement Plan Bonds in an amount not
to exceed$3,500,000 in order to finance the construction of a fire station building and other
improvements identified in the CIP; and
WHEREAS, the City has published notice of its intent to issue such capital improvement
plan bonds and the time and date of the hearing to obtain public comment on the matter at least
fourteen(14)but not more than twenty-eight (28) days prior to the date hereof,pursuant to and
in accordance with Minnesota Statutes, Section 475.521; and
WHEREAS, the City has held a public hearing to obtain public comment on its intent to
issue the capital improvement plan bonds on July 5, 2005.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF EDEN PRAIRIE,MINNESOTA, that the 2004 to 2008 Capital Improvement Plan be
amended to increase the estimated cost of the construction of a fire station building and other
improvements identified in the Capital Improvement Plan from$3,050,000 to $3,500,000; and
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF EDEN PRAIRIE, MINNESOTA, that the City Council hereby authorizes the issuance of
Capital Improvement Plan Bonds in an amount not to exceed$3,500,000.
ADOPTED by the City Council of the City of Eden Prairie this 5ch day of July, 2005.
Nan T --L4W1Mayor
ATTEST:
Kat een Porta, City Clerk
Exhibit A
The 2004 to 2008 Capital Improvement Plan was changed from $3,050,000 to $3,500,000 for the
construction of the South West Fire Station and adopted by the Council on July 5, 2005. Due to
changes in construction costs, the projected maximum cost for construction is estimated to be
$3,500,000.