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Res 2018- 40 Call for Public Hearing Issue GO Bonds Fire StationExtract of Minutes of Meeting of the City Council of the City of Mendota Heights, Minnesota Pursuant to due call and notice thereof, a regular meeting of the City Council of the City of Mendota Heights, Minnesota, was duly held at City Hall in the City on Tuesday, June 5, 2018, commencing at 7:00 P.M. The following members were present: Mayor Garlock, Councilmembers Duggan, Miller, Paper, and Petschel and the following were absent: None * * * Mayor Garlock then introduced the following resolution and moved its adoption: RESOLUTION NO. 2018-40 A RESOLUTION CALLING FOR A PUBLIC HEARING ON THE PROPOSED ADOPTION OF A FIVE-YEAR CAPITAL IMPROVEMENT PLAN AND THE PRELIMINARY ISSUANCE OF GENERAL OBLIGATION CAPITAL IMPROVEMENT BONDS THEREUNDER BE IT RESOLVED By the City Council (the "Council") of the City of Mendota Heights, Minnesota (the "City") as follows: Section 1. Public Hearing. The City is proposing to remodel and construct an addition to its fire station facility, located at 2121 Dodd Road (the "Project"), all or a part of which is proposed to be financed through the issuance of general obligation bonds (the "Bonds"). Bond financing for the Project may be considered pursuant to a public hearing concerning the adoption of a five year capital improvement plan for the City (the "Plan") prepared in compliance with Minnesota Statutes, Section 475.521, as amended (the "Act"). This Council shall meet on July 2, 2018, at or after 7:00 p.m., to hold a public hearing on the proposed adoption of the Plan and the preliminary issuance of the Bonds, all pursuant to and in accordance with the Act. Section 2. Preparation of Plan; Notice of Public Hearing. City staff is authorized and directed to work with Ehlers & Associates, Inc., its independent municipal advisor, and Eckberg Lammers, P.C., Bond Counsel, to prepare the Plan and the financing parameters for the Bonds, in advance of the public hearing. City staff is authorized and directed to cause notice of the public hearing to be published in the City's official newspaper or a newspaper of general circulation within the City at least 14 but not more than 28 days before the public hearing. The form of the public hearing notice is attached hereto as Exhibit A. Passed and adopted by the City Council of the City of Mendota Heights, Minnesota this 5th day of June, 2018. CITY OF MENDOTA HEIGHTS, MINNESOTA nAt � ) Neil Garlock, Mayor Attest: Lorri Smith, City Clerk EXHIBIT A FORM OF NOTICE OF PUBLIC HEARING CITY OF MENDOTA HEIGHTS, MINNESOTA NOTICE OF PUBLIC HEARING ON A PROPOSED FIVE-YEAR CAPITAL IMPROVEMENT PLAN AND THE PRELIMINARY ISSUANCE OF GENERAL OBLIGATION CAPITAL IMPROVEMENT BONDS THEREUNDER NOTICE IS HEREBY GIVEN that the City Council of the City of Mendota Heights, Minnesota will meet at or after 7:00 p.m. on Tuesday, July 2, 2018 at City Hall, 1101 Victoria Curve in the City, to conduct a public hearing on a proposed five year Capital Improvement Plan and the preliminary issuance of general obligation capital improvement bonds thereunder, in an aggregate principal amount not to exceed $7,000,000, all pursuant to Minnesota Statutes, Section 475.521, as amended. If a qualifying petition requesting a vote on the issuance of the general obligation capital improvement bonds is signed by voters equal to five percent of the votes cast in the City in the last general election and filed with the City Clerk within 30 days after the public hearing, the bonds may be issued only after the approval of a majority of voters voting on the question is obtained. Copies of the proposed five-year Capital Improvement Plan are on file at City Hall. Persons wishing to express an opinion regarding this matter are invited to attend and testify at the hearing or to submit written comments prior to or at the hearing. BY ORDER OF THE MENDOTA HEIGHTS CITY COUNCIL By: Mark McNeill City Administrator