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HomeMy WebLinkAboutResolution - 2008-115 - Adopting 2009-2013 Capital Improvement Plan - 12/16/2008 CITY OF EDEN PRAIRIE HENNEPIN COUNTY, MINNESOTA RESOLUTION NO. 2008-115 A RESOLUTION ADOPTING THE 2009 TO 2013 CAPITAL IMPROVEMENT PLAN WHEREAS, during the course of the preparation and review of the 2009 to 2013 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 five-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, the City has published notice of its intent to approve the CIP 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, a public hearing regarding the proposed plan was held on December 1 bth, 2008 at 7:00 p.m. in the City Council Chambers; and WHEREAS, it is in the hest 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 2009 to 2013 Capital Improvement Plan. ADOPTED by the City Council of the City of Eden Prairie this 15th day of December 2008. PM Young, May ATTEST: Ka seen orta, City Clerk