Resolution - #15-02-040 - 02/10/2015

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Councilmember Riley introduced the following resolution and moved for its adoption: RESOLUTION #15-02-040 RESOLUTION CALLING PUBLIC HEARING ON THE INTENSION TO ISSUE GENERAL OBLIGATION STREET RECONSTRUCTION PLAN BONDS AND THE PROPOSAL TO ADOPT A STREET RECONSTRUCTION PLAN THEREFOR A. WHEREAS, pursuant to Minnesota Statutes, Section 475.58, Subdivision 3b the City of Ramsey, Minnesota (the "City") may issue bonds to finance capital expenditures under its street reconstruction plan (the "Plan") without an election provided that, among other things, prior to issuing the bonds the City adopts the Plan after a public hearing thereon and publishes a notice of its intention to issue the bonds and the date and time of a hearing to obtain public comment on the matter; and B. WHEREAS, the City Council will hold a public hearing on its intention to issue general obligation street reconstruction plan bonds (the `Bonds") and to adopt the Plan therefor pursuant thereto on March 10, 2015; and NOW, THEREFOR, BE IT RESOLVED by the City Council of the City of Ramsey, Minnesota, that the City Council hereby calls for a public hearing on its intent to issue the Bonds and to adopt the Plan therefor, such hearing to be held on March 10, 2015 at or shortly after 7:00 p.m. The City Council is hereby directed to cause the notice to be published at least 10 but not more than 28 days before the hearing in the official newspaper of the City, or a newspaper of general circulation in the City. The motion for the adoption of the foregoing resolution was duly seconded by councilmember Johns and, after full discussion thereof and upon a vote being taken thereon, the following voted in favor thereof: Mayor Strommen Councilmember Riley Councilmember Johns Councilmember Kuzma Councilmember LeTourneau Councilmember Shryock Councilmember Williams and the following voted the same: None and the following abstained: None