City Council Meeting Date: January 2, 2017
To: Mayor and City Council
From: Ben Martig, City Administrator
Title
Public Hearing Concerning 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 holds a public hearing.
Summary Report:
See attached CIP Bonding Summary Memo for background on the resolution and financing.
Staff will be submitting a public hearing presentation as a supplementary memo that will be presented by City Administrator Martig at the meeting.
Alternative Options:
None recommended.
Financial Impacts:
See CIP Bonding Summary Memo.
Tentative Timelines:
See attached project summary schedule.