16-18 - 04-05 - Call for Public Hearing Adopt Street Plan Resolution 16-18 April 5, 2016
Member Snope introduced the following resolution and moved its adoption:
RESOLUTION CALL PUBLIC HEARING ON
THE INTENTION TO ISSUE GENERAL OBLIGATION STREET
RECONSTRUCTION BONDS AND THE PROPOSAL TO
ADOPT A STREET RECONSTRUCTION PLAN THEREFOR
BE IT RESOLVED by the City Council of the city of Golden Valley, Minnesota, as
follows:
1. In conformity with the provisions of Minnesota Statutes, Section 475.58, Subdivision
3b, this Council intends to 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.
2. A public hearing shall be held on the intention to issuance of General Obligation
Street Reconstruct Plan Bonds and the Proposal to Adopt a Street Reconstruction
Plan therefor on April 19, 2016, in the Council Chambers at City Hall at 6:30 pm.
3. The Clerk is authorized and directed, if such action has not already been taken, in
which case it is ratified, to cause notice of the time, place, and purpose of said
meeting in substantially the form of Exhibit A attached hereto to be published April 7,
2016, in the NEW HOPE/GOLDEN VALLEY SUN POST, the official newspaper of
the City.
Shepard M. Harris,.Mayor
ATTEST:
,:�L.
Kristine A. Luedke, City Clerk
The motion for adoption of the foregoing resolution was seconded by Member Clausen
and upon a vote being taken thereon, the following voted in favor thereof: Clausen, Snope,
Fonnest, Schmidgall and Harris and the following voted against the same: none
whereupon said resolution was declared duly passed and adopted, signed by the Mayor
and his signature attested by the City Clerk.
EXHIBIT A
CITY OF GOLDEN VALLEY, MINNESOTA
NOTICE OF PUBLIC HEARING
ON INTENTION TO ISSUE
GENERAL OBLIGATION STREET RECONSTRUCTION BONDS
AND PROPOSAL TO ADOPT A STREET
RECONSTRUCTION PLAN THEREFOR
NOTICE IS HEREBY GIVEN, that the City Council of the City of Golden
Valley, Minnesota will meet on April 19, 2016 at 6:30 PM at the City Hall, 7800
Golden Valley Road, in said City for the purpose of conducting a public hearing
on (i) the intention to issue general obligation street reconstruction bonds in an
amount not to exceed $5,630,000 (the "Bonds") and (ii) the proposal to adopt a
street reconstruction plan therefor (the "Plan"). The proceeds of the Bonds will
be used to finance various street reconstructions within the City pursuant to
Minnesota Statutes, Section 475.58, Subdivision 3b. A copy of the Plan is
available for examination at the City offices.
All persons interested may appear and be heard at the time and place set
forth above, or may file written comments with the City Clerk prior to the date of
the hearing, which written comments will be considered at the hearing.
If a petition requesting a vote on the issuance of the Bonds is signed by
voters equal to five percent of the votes cast in the City in the last municipal
general election and is filed with the City within 30 days after the public hearing,
the City may issue the Bonds only after obtaining the approval of the majority of
the voters voting on the question of issuing the Bonds.
If you require auxiliary aids or services to participate or communicate in
this meeting, please contact 763-593-8012 (TTY: 763-593-3968) 48 hours before
the meeting time to make a request. Examples of auxiliary aids or services may
include sign language interpreter, assistive listening device, accessible meeting
location, etc.
BY ORDER OF THE CITY COUNCIL
Kristine A. Luedke, City Clerk
Published on April 7, 2016