2008-46A
CITY OF CHANHASSEN
CARVER AND HENNEPIN COUNTIES, MINNESOTA
DATE:
September 8, 2008
RESOLUTION NO:
MOTION BY:
McDonald
SECONDED BY:
A RESOLUTION BY THE MAYOR AND CITY COUNCIL GIVING
PRELIMINARY APPROVAL FOR THE ISSUANCE OF THE CITY'S GENERAL
OBLIGATION CAPITAL IMPROVEMENT PLAN BONDS IN AN AGGREGATE
AMOUNT NOT TO EXCEED $8,500,000 AND ADOPTING THE CITYOF
CHANHASSEN, MINNESOTA CAPITAL IMPROVEMENT PLAN OF 2008
THROUGH 2012 THEREFOR
WHEREAS, the City Council of the City of Chanhassen (the "City") proposes to
issue its General Obligation Capital Improvement Plan Bonds, (the "Bonds") and adopt
the City of Chanhassen Capital Improvement Plan of 2008 through 2012 therefor (the
"Plan");. and
1. The condition of the City's existing infrastructure, including the
projected need for repair and replacement;
2. The likely demand for the improvement;
3. The estimated cost.oflhe.improvement;
4. The available public resources;
5. The level of overlapping debt in the City;
6. The relative benefits and costs of alternative uses of funds;
7. Operating costs of the proposed improvements; and
8. Alternatives for providing services more efficiently through shared
facilities with other local government units.
WHEREAS, the City has caused notice of the public hearing on the intention to
issue the Bonds and on the proposed. adoption of the Plan to be published pursuant to and
in accordance with Minnesota Statutes, Section 475.58, Subdivision 3b; and
WHEREAS, a public hearing ontheintention to issue the Bonds and on the
proposed Plan has been held on this date, following published notice of the hearing as
required by law; and
WHEREAS, in approvingthe Plan, the City Council considered for each project
and for the overall Plan:
NOW, THEREFORE, BE IT RESOLVED THAT THE MAYOR AND CITY
COUNCIL hereby gives preliminary approval for the issuance of upto $8,500,000
aggregate principal amount of the Bonds. The Plan is hereby adopted, the same being
before the City Council and made a part of these proceedings by reference. The capital
\
improvements have no relationship to the City's comprehensive plan. The City declares
its official intent to reimburse itself for the costs of the Plan from the proceeds ofthe
Bonds.
Passed and adopted by the City Council of Chanhassen on this 8th day of
September,. 2008.
ATTEST:
YES
NO
Furlong
McDonald
Litsey
Tjomhom
None
EXTRACT OF MINUTES OF A MEETING OF THE
CITY COUNCIL OF THE CITY OF CHANHASSEN, MINNESOTA
HELD: September 8, 2008
Pursuant to due call and notice thereof, a regular or special meeting of the City
Council of the City of Chanhassen, Minnesota, was duly called and held at the City Hall
in Chanhassen, Minnesota on the 8th day of September 2008 at 7:00 p.m. for the purpose,
in part, of giving preliminary approval for the is~uance of the City's general obligation
street reconstruction plan bonds and adopting the.City's street reconstruction plan.
The following members were present: Mayor Furlong, Council members Litsey,
McDonald and Tjornhom
and the following were absent: Council member Ernst
Member McDonald introduced the following resolution and moved its adoption:
STATE OF MINNESOTA
COUNTY OF CARVER
CITY OF CHANHASSEN
I, the undersigned, being duly qualified and acting Deputy Clerk of the City of
Chanhassen, Minnesota, DO HEREBY CERTIFY that I have carefully compared the
attached and foregoing extract of minutes with the original minutes of a meeting of the
City Council of said City, duly called and held on the date therein indicated, which are on
file and of record in my office, and the same is a full, true and complete transcript there
from insofar as the same relates to a resolution giving preliminary approval for the
issuance of the City's general obligation street reconstruction plan bonds and adopting
the City's street reconstruction plan therefor.
WITNESS my hand this 12th day of September, 2008.