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HomeMy WebLinkAboutVIII-08 Order Public Hearing for CIP Bonds Planned for Public Works Facility City Council Memorandum To: Mayor Fasbender & City Councilmembers From: Chris Eitemiller, Finance Manager Date: January 18, 2022 Item: Approve Public Hearing for CIP Bonds Planned for Public Works Facility Council Action Requested: Approve calling for a public hearing for the CIP Bonds intended to fund part of the Public Works storage facility. Background Information: The City is proposing to finance the construction of a Public Works facility through the issuance of General Obligation Capital Improvement Plan Bonds, pursuant to Minnesota Statutes, Section 475.521. As drafted, the proposal is for bonds up to $2.25M. This upper limit is intended to maintain flexibility depending on actual bids and balancing other potential projects. As part of the issuing process, the City is required to hold a public hearing to receive public comment prior to the consideration of approval of a Capital Improvement Plan. It is proposed that the City will hold the public hearing on February 22, 2022. A resolution calling for the public hearing is included in the packet for consideration by the City Council, along with a form of the public hearing notice to be published no later than Thursday, February 3, 2022. Staff is asking the City Council to approve this resolution calling for the public hearing. Financial Impact: None Advisory Commission Discussion: N/A Council Committee Discussion: N/A Attachments: Resolution calling for public hearing and sample form for public notice. VIII-08 13403519v1 2 EXTRACT OF MINUTES OF A MEETING OF THE CITY COUNCIL OF THE CITY OF HASTINGS, MINNESOTA HELD: January 18, 2022 Pursuant to due call and notice thereof, a regular or special meeting of the City Council of City of Hastings, Dakota County, Minnesota, was duly called and held at the City Hall on January 18, 2022, at 7:00 P.M. for the purpose, in part, of calling a public hearing on the intention to issue general obligation capital improvement plan bonds and the proposal to adopt a capital improvement plan therefor. The following members were present: And the following were absent: Member _________________ introduced the following resolution and moved its adoption: RESOLUTION NO. _____________ RESOLUTION CALLING PUBLIC HEARING ON THE INTENTION TO ISSUE GENERAL OBLIGATION CAPITAL IMPROVEMENT PLAN BONDS AND THE PROPOSAL TO ADOPT A CAPITAL IMPROVEMENT PLAN THEREFORE A. WHEREAS, pursuant to Minnesota Statutes, Section 475.521 the City of Hastings, Minnesota (the "City") may issue bonds to finance capital expenditures under its capital improvement plan (the "Plan") without an election provided that, among other things, prior to issuing general obligation capital improvement plan bonds (the "Bonds") the City adopts the Plan after holding a public hearing thereon and publishing a notice of its intention to issue the Bonds and the date and time of a hearing to obtain public comment on the issuance of the Bonds and adoption of the Plan; and B. WHEREAS, the City Council will hold a public hearing on February 22, 2022 on its intention to issue the Bonds and to adopt the Plan; and NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Hastings, Minnesota, that the City Council hereby calls for a public hearing on its intent to issue the Bonds and to adopt the Plan, the public hearing to be held on the date and time set forth in Exhibit A attached hereto. The City Clerk is hereby directed to cause the notice of public hearing to be published at least 14 but not more than 28 days before the date of the public hearing in the official newspaper of the City or a newspaper of general circulation in the City. The motion for the adoption of the foregoing resolution was duly seconded by member ___________________ and, after full discussion thereof and upon a vote being taken thereon, the following voted in favor thereof: and the following voted against the same: Whereupon the resolution was declared duly passed and adopted. VIII-08 3 STATE OF MINNESOTA COUNTY OF DAKOTA CITY OF HASTINGS I, the undersigned, being duly qualified and acting City Clerk of the City of Hastings, Minnesota, DO HEREBY CERTIFY that I have compared the attached and foregoing extract of minutes with the original thereof on file in my office, and that the same is a full, true and complete transcript of the minutes of a meeting of the City Council, duly called and held on the date therein indicated, insofar as such minutes relate to the City Council calling a public hearing on the intention to issue general obligation capital improvement plan bonds and the proposal to adopt a capital improvement plan therefor. WITNESS my hand on ____________________, 2022. _______________________________________ City Clerk VIII-08 4 EXHIBIT A CITY OF HASTINGS, MINNESOTA NOTICE OF PUBLIC HEARING ON INTENTION TO ISSUE GENERAL OBLIGATION CAPITAL IMPROVEMENT PLAN BONDS AND THE PROPOSAL TO ADOPT A CAPITAL IMPROVEMENT PLAN THEREFOR NOTICE IS HEREBY GIVEN, that the City Council of the City of Hastings, Minnesota (the "City") will meet at the City Hall, 101 4th Street East, in the City, and/or by telephone or other electronic means, as allowed under Minnesota Statutes, Section 13D.021, at 7:00 P.M. on Tuesday, February 22, 2022, for the purpose of conducting a public hearing on (a) the intention to issue general obligation capital improvement plan bonds in an amount not to exceed $2,250,000 and (b) the proposal to adopt a capital improvement plan therefor. The proceeds of the bonds will be used to finance the construction of a public works facility for the City within the City pursuant to Minnesota Statutes, Section 475.521. All interested persons may appear and be heard at the time and place set forth above. If a petition requesting a vote on the issuance of the bonds is signed by voters equal to five percent of the votes cast in the City in the last general election and is filed with the City within thirty days after the public hearing, the bonds may only be issued upon obtaining the approval of the majority of the voters voting on the question of issuing the bonds. Due to the declaration of emergency because of the current COVID-19 pandemic, this public hearing may be conducted by electronic means. If you have questions or comments and wish to be heard, you may present them in writing by mail addressed to the City Clerk at City Hall at 101 4th Street East, Hastings, MN 55033, or email the City Clerk at kmurtaugh@hastingsmn.gov, or call and leave a message at (651) 480-2350, no later than noon on February 22, 2022. Written comments must be received prior to the public hearing. Please visit the City's website at www.hastingsmn.gov for additional information on an opportunity to be heard at this meeting. BY ORDER OF THE CITY COUNCIL OF THE CITY OF HASTINGS, MINNESOTA /s/ Kelly Murtaugh, City Clerk VIII-08