HomeMy WebLinkAboutCity Council Resolution 1982-516. z
C`,ITIi 0� I'LYMOUiH
Pursuant to due call and notice thereof, a rpgular meeting of
the City Council of the City of Plymouth, M nnesota, was he don the
20th day of September , 19 82 . The following members
�
were present:y port. Councilmembers Moen, Neils, Schneider & Threirlen
The following members rs were absent: none
Councilmember Schneider introduced the following Resolution and
moved its adoption:
RESOLUTION NO. 82-516
RESOLUTION SUPPORTING CONSTITUTIONAL AMENDMENT NO. 2
AN AMENDMENT TO THE MINNESOTA CONSTITUTION ON HIGHWAY
BONDING, TO REMOVE RESTRICTIONS ON THE INTEREST RATES
FOR AND THE AMOUNT OF TRUNK HIGHWAY ROADS
WHEREAS, the City Council of the City of Plymouth has reviewed the facts
concerning the need for a Minnesota Constitutional Amendment removing
Highway Bonding Restrictions in the Minnesota Coustitution; and
WHEREAS, finds that a 52 interest rate and $150 million maximum borrowing
amount are obsolete in current economic times; and
WHEREAS, recognizes the urgent need to provide flexibility to the state
legislature and administration to be able to adequately fund necessary Trunk
Highway and Bridge repairs and replacements; and
WHEREAS, believes that additional capability to support good highways will
also aid in improving the economic vitality of Minnesota and the City of
Plymouth by providing more jobs and transportation facilities for the
movement of goods and materials in the state;
NOW, THEREFORE, BE IT HEREBY RESOLVED by the City Council of the City of
Plymouth, Minnesota, County of Hennepin, State of Minnesota, that
Constitutional Amendment No. 2, an amendment to the Minnesota Constitution
to remove restrictions on the interest rates for and the amount of Trunk
Highway Bonds be supported; and
BE IT FURTHER RESOLVED, that the City Council of the City of Plymouth urges
all residents of the city voting at the Npvember 2, 1982 election to cast
a "yes" vote for Constitutional Amendment No. 2.
The motion for the adoption of the foregoing Resolution was duly seconded by
CoynciMoe , and upon vote being taken thereon, the
0 ow ng voted in favor thereof: Mayor Davenport Councilmembers Moen,
Neils Schneider and Threinen
Tne Toy owing votea against or aostalnea: none
Whereupon the Resolution was declared duly passed and adopted.