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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.