Res 2023-52 Bond Issue Street ReconEXTRACT OF MINUTES OF A MEETING OF THE
CITY COUNCIL OF THE CITY OF MENDOTA HEIGHTS, MINNESOTA
HELD: SEPTEMBER 5, 2023
Pursuant to due call, a regular or special meeting of the City Council of the City of
Mendota Heights, Dakota County, Minnesota, was duly held at the Mendota Heights City Hall
on September 5, 2023, at 7:00 p.m., for the purpose, in part, of adopting a street reconstruction
and overlay plan and authorizing issuance of street reconstruction bonds.
The following members were present: �U� lwberbauM, I•�(n21�t1L�W1 Qa�et•
and the following were absent: MI� FGir.
Member II�lL2t��u introduced the following resolution and moved its adoption:
RESOLUTION 2023-52
RESOLUTION ADOPTING A STREET RECONSTRUCTION AND
OVERLAY PLAN AND APPROVING TAE ISSUANCE OF GENERAL
OBLIGATION STREET RECONSTRUCTION BONDS
WHEREAS, the City of Mendota Heights, Minnesota (the "City"), has determined that it
is in the best interest of the City to authorize the issuance and sale of general obligation street
reconstruction bonds pursuant to Minnesota Statutes, Section 475.58, subdivision 3b, as
amended (the "Act"), to fmance the cost of street reconstruction projects, as described in the
proposed street reconstruction and overlay plan described below, a copy of which is on file in the
City Clerk's office; and
WHEREAS, pursuant to the Act, the City is authorized to issue and sell general
obligafion street reconstruction bonds for street reconstruction under the circumstances and
within the limitations set forth in the Act. The Act provides that a street reconstruction and
overlay plan maybe financed with general obligation street reconstruction bonds, following
adoption of a street reconstruction and overlay plan, after a public hearing on the street
reconstruction and overlay plan and on the issuance of general obligation street reconstruction
bonds and other proceedings conducted in accordance with the requirements of the Act; and
WI�REAS, pursuant to the Act, the City has prepared a five year street reconstruction
and overlay plan for calendar years 2023 through 2027, which describes the streets to be
reconstructed, the estimated costs and any planned reconstruction of other streets in the City,
including the issuance of general obligation street reconstrucfion bonds under the Act (the
"Plan"), to determine the funding strategy for street reconstruction projects; and
WHEREAS, on September 5, 2023, the City Council held a public hearing on the
adoption of the Plan and the issuance of not to exceed $1,200,000 general obligation street
reconstruction bonds (the "Bonds") under the Plan for street reconstruction improvements to
those streets described in the Plan (the "Street Reconstruction Projects") after publication of the
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notice of public hearing not less than 10 days nor more than 28 days prior to the date thereof in
the City's official newspaper; and
WHEREAS, all parties who appeared at the public hearing were given an opportunity to
express their views with respect to the proposal to adopt the Plan and to undertake and finance
the Street Reconstruction Projects by the issuance of Bonds and any written comments submitted
prior to the public hearing were considered.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Mendota
Heights, Minnesota, as follows:
1. City Policies and Goals. The financing of the Street Reconstruction Projects and
the issuance and sale of the Bonds would further the policies and goals of the City as set forth in
the Plan, hereby adopted by the City Council in connection with the issuance of the Bonds.
2. Public Hearing Notice. The City Council hereby ratifies the actions of the City
Clerk in causing the publication of the Notice of Public Hearing to be published in the City's
official newspaper as required by law; and
3. Adoption of Street Reconstruction and Overlay Plan. Based on information
received at the public hearing, such written comments (if any) and such other facts and
circumstances as the City Council deems relevant, it is hereby found, determined and declared
that:
(a) the Street Reconstruction Projects proposed in the Plan will allow the City to
upgrade its transportation infrastructure to accommodate anticipated and existing
residential and commercial development; and
(b) the Plan is hereby approved and adopted in the form presently on file with the
City.
4. Authorization and Approval of Bonds. The City is hereby authorized to issue the
Bonds, the proceeds of which will be used, together with any additional funds of the City which
might be required, to finance certain costs of the Street Reconstruction Projects and to pay costs
of issuance of the Bonds.
5. Execution of Documents. The Mayor and City Clerk are authorized and directed
to execute such other documents and instruments as may be required to give effect to the
transactions herein contemplated.
6. Voter Referendum Contin>?ency. Pursuant to the Act, a petition requesting a vote
on the question of issuing the Bonds, signed by voters equal to five percent of the votes cast in
the last municipal general election, maybe filed within thirty days of the public hearing. Upon
receipt of such petition within the prescribed time period, the City may issue the Bonds only
after obtaining the approval of a majority of the voters voting on the question of the issuance of
the Bonds. The authorizations and approvals contained herein are subject to and contingent upon
not receiving such a petition, or, in the event such a petition is filed, the approving vote of a
majority of the voters voting on the question of the issuance of the Bonds.
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The motion for the adoption of the foregoing resolution was duly seconded by member
NGr and, after a 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.
[Bonds must be approved by at least atwo-thirds vote of the membership present.]
[Issuance of Bonds is subject to a 30-day reverse referendum after the public hearing.]
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STATE OF MINNESOTA
COUNTY OF DAKOTA
CITY OF MENDOTA HEIGHTS
I, the undersigned, being the duly qualified and acting City Clerk of the City of Mendota
Heights, 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 adopting a street reconstruction and
overlay plan and the issuance of general obligation street reconstruction bonds.
WITNESS my hand on September 5, 202
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