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2006-93 . . . CITY OF CHANHASSEN CARVER AND HENNEPIN COUNTIES, MINNESOTA DATE: December 11, 2006 RESOLUTION NO: 2006-93 MOTION BY: SECONDED BY: Peterson Lundquist A RESOLUTION ADOPTING THE 2007-2011 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 needs 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 2007- 2011 Capital Improvements Program in the amount of $51,523,200 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 11th day of December, 2006. ATTEST: 4,{~ fl:f iL ~ .4-: Thomas A. Furlong, Mayor YES NO ABSENT Furlong Lundquist Peterson None Tjomhom