HomeMy WebLinkAboutResolution No. 2025-44 Approving City's Five Year Reconstruction PlanCITY OF EDINA
RESOLUTION NO. 2025-44
RESOLUTION APPROVING THE ADOPTION OF THE CITY'S FIVE
YEAR STREET RECONSTRUCTION PLAN AND AUTHORIZING
THE ISSUANCE OF GENERAL OBLIGATION STREET
RECONSTRUCTION BONDS
BE IT RESOLVED by the City Council (the "City Council"), of the City of Edina, Minnesota (the
"City"), as follows:
Section I. Background.
1.01. The City is authorized under Minnesota Statutes, Section 475.58, subdivision 3b (the
"Act") to prepare a plan for street reconstruction in the City over at least the next five
years that will be financed under the Act, including a description of the proposed work
and estimated costs, and to issue general obligation bonds to finance the cost of street
reconstruction activities described in the plan.
1.02. Before the issuance of any bonds under the Act, the City is required to hold a public hearing
on the plan and the issuance of bonds thereunder.
1.03. Pursuant to the Act, the City, in consultation with its City engineer, caused preparation
of the Five Year Street Reconstruction Plan (the "Plan"), which describes certain street
reconstruction, mill, and overlay activities in the City (the "Projects").
1.04. The City has determined that it is in the best interests of the City to adopt the Plan and
to authorize the issuance and sale of general obligation street reconstruction bonds
pursuant to the Act in a principal amount not to exceed $2,250,000 (the "Street
Reconstruction Bonds"). The proceeds of the Street Reconstruction Bonds will be used
to finance the City's share of the Highway 100 interchange project costs, as identified in
the Plan.
1.05. On June 17, 2025, the City Council held a public hearing on the Plan and the issuance of
the Street Reconstruction Bonds, after publication in the City's official newspaper of a
notice of public hearing at least 10 but no more than 28 days before the date of the
hearing.
Section 2. Plan Approved; Street Reconstruction Bonds Authorized.
2.01. The City Council finds that the Plan will improve the City's street system, which serves
the interests of the City as a whole, and approves the Plan in the form presented at the public hearing and
on file at City Hall.
2.02. The City Council authorizes the issuance of the Street Reconstruction Bonds in accordance
with the Plan. City staff, legal counsel and consultants are authorized to take all actions necessary to
negotiate the sale of the Street Reconstruction Bonds, subject to the contingency described in Section
2.03 hereof.
4907-4172-7050\1
CITY OF EDINA
4801 West 50th Street • Edina, Minnesota 55424
www.EdinaMN.gov • 952-927-8861
2.03. If a petition requesting a vote on the issuance of the Street Reconstruction Bonds, signed
by voters equal to 5% of the votes cast in the last municipal general election, is filed with the City Clerk
within 30 days after the date of the public hearing, the City may issue the Street Reconstruction Bonds only
after obtaining approval of a majority of voters voting on the question at an election. The authorization
to issue the Street Reconstruction Bonds is subject to expiration of the 30-day period without the City's
receipt of a qualified petition under the Act, or if a qualified petition is filed, upon the approving vote of a
majority of the voters voting on the question of issuance of the Street Reconstruction Bonds.
2.04. City staff are authorized and directed to take all other actions necessary to carry out
the intent of this resolution.
The motion for the adoption of the foregoing resolution was duly seconded by
Councilmember FICC-C9-1 and upon vote being talc: thereon, the
following voted in favor ther f:
and the following voted against the same:
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whereupo• s n was declared duly passed and adopte
Attest:
haron Ilison, City Cleric aures B. Hovland, Mayor
Adopted this I 5th day of July, 2025.
STATE OF MINNESOTA )
COUNTY OF HENNEPIN) SS
CITY OF EDINA
CERTIFICATE OF CITY CLERK
I, the undersigned duly appointed and acting City Clerk for the City of Edina do hereby certify
that the attached and foregoing Resolution was duly adopted by the Edina City Council at its
Regular Meeting of July 15, 2025, and as recorded in the Minutes of said Regular Meeting.
WITNESS my hand and seal of said City this day of , 2025.
Sharon Allison, City Cleric
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4907-4172-7050\1