HomeMy WebLinkAboutCity Council Resolution 1989-156CITY OF PLYMOUTH
Pursuant to due call and notice thereof, a special meeting of the City Council of
the City of Plymouth, Minnesota, was held on the 13th day of March , 1989.
The following members were present: Mayor Schneider, rouncilmembers icker, —
Zitur and Sisk
The following members were absent: Councilmember Vasiliou
Councilmember Zitur introduced the following Resolution and moved its
adoption:
RESOLUTION NO. 89-156
PERMANENT IMPROVEMENT REVOLVING FUND - APPROPRIATIONS
WHEREAS, the City Council has previously established a Permanent Improvement Revolving
(PIR) fund for the purpose of ensuring that the long-term interests of the c±tizens are
clearly preserved with respect to infrastructure maintenance, construction and
replacement; and
WHEREAS, the initial planning for the PIR fund contemplated the allocation of
$8,000,000 to assist in the financing of a community center and 52,000,000 to assist in
the financing of a public safety building; and
WHEREAS, the City has recently completed a design competition with respect to a new
community center, the estimated cost of which could total $12,500,000; and
WHEREAS, the City Manager in his report dated March 10, 1989 has recommended that
additional funding for the community center as well as the remodeling/upgrading of Fire
Station I and the construction of the public safety building be increased and said
report contains fiscal projections indicating the feasibility of such increases; and
WHEREAS, the City Council has met and reviewed the City Manager's recommendations.
NOW, THEREFORE, BE IT HEREBY RESOLVED BY THE CITY COUNCIL OF THE CITY OF PLYMOUTH,
MINNESOTA, that it endorses the recommendations contained in the City Manager's
memorandum of March 10, 1989 with respect to the additional funding of the community
center, fire station and public safety building; and
BE IT FURTHER RESOLVED, that the following sums from Fund No. 403 are hereby
appropriated to the Permanent Improvement Revolving Fund in the amounts noted to assist
In the funding of the respective projects along with the interest accruing thereon
effective with the establishment of such fund:
a. Community Center Project $10,500,000
b. Fire Station I Project $ 800,000
c. Public Safety Building S 3,000,000
Resolution No. 89-156
Page 2
The motion for adoption of the foregoing Resolution was duly seconded by
Councilmember Sisk , and upon vote being taken thereon, the
following voted In favor there ayor, hneider, Councilmembers Ricker, _
Zitur and Sisk
The following voted against or abstained: None
Whereupon the Resolution was declared duly passed and adopted.