HomeMy WebLinkAboutA008 - Council Action Form dated June 27, 2000 ITEM #
DATE June 27, 2000
COUNCIL ACTION FORM
SUBJECT: SALE AND ISSUANCE OF 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
13t 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. Pass a resolution providing for the sale and issuance of the General
Obligation bonds not to exceed $5,870,000.
2. Reject the bond sale resolution.
MANAGER'S RECOMMENDED ACTION:
It is the recommendation of the City Manager that the City Council adopt
Alternative #1, passing a resolution providing for the sale and issuance of the
General Obligation bonds not to exceed $5,870,000.
COUNCIL ACTION: