City of Northfield MN
File #: Res. 2018-003    Version: 1 Name:
Type: Resolution Status: Passed
File created: 12/8/2017 In control: City Council
On agenda: 1/2/2018 Final action: 1/2/2018
Title: Consider Resolution Giving Preliminary Approval for the Issuance of the City's General Obligation Capital Improvement Plan Bonds in an Amount not to Exceed $4,215,000 and Adopting the City of Northfield, Minnesota Capital Improvement Plan for 2018 through 2022 Under Minnesota Statutes, Section 475.521.
Attachments: 1. 1 - Resolution Approving NAFRS CIP Bonds, 2. 2 - CIP Bonding Summary Memo, 3. 3 - Fire Station Project Tentative Timeline

City Council Meeting Date:                     January 2, 2018

 

To:                                          Mayor and City Council

 

From:                                          Ben Martig, City Administrator

 

Title

Consider Resolution Giving Preliminary Approval for the Issuance of the City’s General Obligation Capital Improvement Plan Bonds in an Amount not to Exceed $4,215,000 and Adopting the City of Northfield, Minnesota Capital Improvement Plan for 2018 through 2022 Under Minnesota Statutes, Section 475.521.

 

Body

Action Requested:                     

The Northfield City Council makes a motion to approve a Resolution Giving Preliminary Approval for the Issuance of the City’s General Obligation Capital Improvement Plan Bonds in an Amount not to Exceed $4,215,000 and Adopting the City of Northfield, Minnesota Capital Improvement Plan for 2018 through 2022 Under Minnesota Statutes, Section 475.521.

 

Summary Report:

See attached CIP Bonding Summary Memo for background on the resolution and financing.

 

Alternative Options:

None recommended.

 

Financial Impacts:                     

See CIP Bonding Summary Memo.

 

Tentative Timelines:                     

See attached timeline.