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2002-104CITY OF CHANHASSEN CARVER AND HENNEPIN COUNTIES, MINNESOTA DATE: December 9, 2002 RESOLUTION NO: 2002-104 MOTION BY: Peterson SECONDED BY: Bovle A RESOLUTION ADOPTING THE 2003-2007 CAPITAL IMPROVEMENTS PROGRAM WHEREAS the City Council of the City of Chanhassen has determined that capital expenditures for the city should be planned for the following five years to allow for timely replacement of existing equipment and orderly purchasing of new equipment to meet the need of a growing community; and WHEREAS the equipment and infrastructure items in the Capital Improvements Program have been evaluated by department directors and the City Council; and WHEREAS this program will assist in managing the indebtedness of the city, improving the city's use of existing equipment and infrastructure, and minimizing the level of bonding necessary to meet these needs; NOW, THEREFORE, BE IT RESOLVED that the City of Chanhassen adopts the 2003- 2007 Capital Improvements Program in the amount of $34,952,800 with individual purchases to be reviewed by the City Manager and City Council prior to purchase as required by state statute. Passed and adopted by the Chanhassen City Council this 9th day of December 2002. ATTEST: Todd Gerhardt, City Manager YES Jansen Ayotte Labatt Boyle Peterson • Linda Jansen, May NO ABSENT None None