HomeMy WebLinkAboutResolution No. 2008-024 Adopting a Modification to the Five-Year Captial Improvement Plan and Approving the Issuance of General Obligation Bonds w91N��1� RESOLUTION NO. 2008-24
ow @ �, ADOPTING A MODIFICATION TO THE FIVE-YEAR
o CAPITAL IMPROVEMENT PLAN AND APPROVING
• �� ay THE ISSUANCE OF GENERAL OBLIGATION BONDS
City of Edina
BE IT RESOLVED by the City Council of the City of Edina as follows:
1. The City Council has previously adopted a Capital Improvement Plan (the
"CIP") pursuant to Minnesota Statutes, Section 475.521, and a modification thereto. It
has been proposed that the City Council adopt an additional modification to the CIP
entitled "Modification to the Five-Year Capital Improvement Plan for the City of Edina,
Minnesota Relating to the Acquisition and Renovation of the Public Works Facility" (the
"CIP Modification"). The CIP Modification authorizes the issuance of general obligation
bonds in the principal amount of up to $14,000,000 (the "Bonds") to finance the
acquisition, construction and equipping of a public works and park maintenance facility.
Pursuant to Minnesota Statutes, Section 475.521, the City Council held a public hearing
on February 19, 2008 on the CIP Modification and the City's intention to issue the
Bonds.
2. The CIP Modification is hereby adopted and the issuance of the Bonds is
hereby approved.
• Dated: February 19, 2008
Attest: (�li
Debra A. Mangen, City CI&k ......... J4fneis B. Hovland, Mayor
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 February 19, 2008, and as recorded in the Minutes of said Regular Meeting.
WITNESS my hand and seal of said City this day of -120
City Clerk
City Hall 952-927-8861
4801 WEST 50TH STREET FAX 952-826-0390
EDINA, MINNESOTA, 55424-1394 www.cityofedina.com TTY 952-826-0379