City Council Meeting Date: January 2, 2017
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 $5,120,000 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 approves a Resolution Giving Preliminary Approval for the Issuance of the City’s General Obligation Capital Improvement Plan Bonds in an Amount Not to Exceed $5,120,000 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 resolution and financing.
Alternative Options:
None recommended.
Financial Impacts:
See CIP Bonding Summary Memo.
Tentative Timelines:
See CIP Bonding Summary Memo.