Agenda - Council - 04/26/1983 - Laserfiche WebLink

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.:l I METROPOLITAN GOVERNMENT 473.883 8115 I . is a levy for the payment of principal and interest on bonded indebtedness within the meaning of section 275.50, subdivision 5, clause (e). . . Subd. 4. Bonds. After adoption of the ordinance' under subdivision 2, and after a contract for the construction of all or part of an improvement has been entered into or the work has been ordered done by day labor, the local govern- ment unit may issue obligations in the amount it deems necessary to pay in whole or in part the capital cost incurred and estimated to be incurred in making the improvement. The obligations shall be payable out of the proceeds of the tax levied pursuant to subdivision 3. The local unit may by resolution of its governing body adopted prior to the sale of obligations pledge the full faith, credit and taxing power of the local unit to assure payment of the principal and interest in the event the proceeds of the tax levy in the district are insufficient to pay principal and interest. Th~ amount of any taxes which are required to be levied outside of the territory of the tax dist9ct or taken from the general funds of the local unit to pay principal and interest on the obligations shall be reimbursed to the local unit from taxes' levied within the territory of the tax district. Obligations shall be issued in accordance with chapter 475, except that an election is. not required and the amount of any obligations shall not be included in determining the net indebted- ness of the local unit under the provisions of any law or. charter limiting indebtedness. History: 1982 c 509 5 24 473.883 WATERSHED MA1"lAGEl\ffi"'T ORGAAIZATION; CAPITAL IM- PROVEMEl'lIS; PAn-lEl'lT BY COUNlY. Subdivision 1. General authority. The authority provided to watershed districts in this section is in addition to the authority provided in chapter 112. A watershed management organization' which has adopted a watershed plan in accordance with section 473.878 may certify for payment by .the county as provided in this section all or any part of the cost of a capital improvement contained in the capital improvement program of the plan. Subd. 2. Procedure. A copy of the plan . for the improvement shall be forwarded to the county board. The organization shall then hold a public hearing ... on the proposed improvement. following publication once each week for two successive weeks before the date of the hearing in a legal newspaper published in the county or counties in which a part or aU of the affected waters and lands are located. The last publication shall occur not more than 30 days nor less than ten days before the hearing. The notice shall state the time and place of hearing, the general nature of the proposed improvement, the estimated cost, and the method by which the cost of the improvement is to be paid, including the cost to be allocated to each county under subdivision 3. Not less than ten days before the hearing, notice by mail shall be given to the. counties and to each home rule charter or statutory city or town located wholly or partly within the territory of the watershed management organization. Failure to !rive mailed notice or defects in the notice shall ;ot im'alid';te the proceedings. At the time and place specified in the notice the organization shall hear all parties interested in the proposed improvement. If upon full hearing the organization finds that the improvement will be. conducive to public health and promote the general welfare. and is in CCfr.F!i.1nce with sections 473.875 to 473.883 and the plan :ldorted pursuant to section 473.878. it shall make finuin!!5 :lccordindv. determine the cost of the i!71provement. 3.nd certify the cost to ih~ county o-r -counties iur pa) m.:nt. Subd. 3. Apf'0rtionment of co~ts. If the territory of the watershed manage- ment organization extends into more than one cuunty. the cost of the impnwcmcnt ~~:~II he certified to the respective county boards in the proportions prescribed in :~. "'H""l.j ifTtt-;"~:""~:::-::~~ ~rl\'~r:Jm uf t}:~ cr::tniZaf;()n. - A. . I - - - I I I I I I I I I I I I I I I I " .... .' ..-----_.~-.-- .. ""..,~...~...__._.-' i;.~__---_. --...~....".~.. ,_. -.'- -.., . ..... - ., /' / ./