HomeMy WebLinkAboutA003 - Council Action Form dated June 13, 2000 L/
ITEM#
DATE 6/13/00
COUNCIL ACTION FORM
SUBJECT: Setting Date of Public Hearing for Authorization to Issue General Obligation
Bonds in an Amount Not to Exceed $5,870,000
BACKGROUND: The following projects are planned for inclusion in the General Obligation
bonds proposed for sale in June 2000.
Street Improvements
South Dakota and U. S. Highway 30 Interchange . . . $400,000
13th Street and Duff Intersection . . . . . . . . . . . . . . . $404,000
Elwood Drive Widening . . . . . . . . . . . . . . . . . . . . . . . $750,000
South Dakota from Todd Drive to U. S. 30 . . . . . . . . $100,000
Dayton Road Reconstruction . . . . . . . . . . . . . . . . . . $500,000
13th Street from Meadowlane to McCormick . . . . $1,000,000
Phoenix Street from Garfield to North Dakota . . . . . . $500,000
Mortensen Road from South Dakota to West Street . $324,000
Storm Sewer Improvements
Westwood Drive . . . . . . . . . . . . . . . . . . . . . . . . . . . . $100,000
Construction of Recreation Facilities
Ice Arena . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,700,000
ALTERNATIVES:
1. Establish June 27, 2000, as the date to take action to authorize the issuance of General
Obligation bonds not to exceed $5,870,000.
2. Delay the hearing on the issuance of General Obligation bonds.
MANAGER'S RECOMMENDED ACTION:
It is the recommendation of the City Manager that the City Council adopt Alternative #1,
establishing June 27, 2000, as the date to take action to authorize the issuance of General
Obligation bonds in an amount not to exceed $5,870,000.
COUNCIL ACTION:
Cl S -