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1998 Resolutions
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1998 Resolutions
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<br />After due consideration of the proposals, Member <br /> <br />Buckbee <br /> <br />then introduced <br /> <br />the following resolution and moved its adoption:. <br /> <br />RESOLUTION NO. 1998-14 <br /> <br />A RESOLUTION AWARDING THE SALE OF $ 720,000 GENERAL <br />OBLIGATION SEWER AND WATER REVENUE BONDS, SERIES 1998; <br />FIXING THEIR FORM AND SPECIFICATIONS; <br />DIRECTING THEIR EXECUTION AND DELIVERY; <br />AND PROVIDING FOR THEIR PAYMENT <br /> <br />BE IT RESOLVED By the City Council of the City of Centerville, Anoka County, <br />Minnesota (City) as follows: <br /> <br />Section 1. <br /> <br />Sale of Bonds. <br /> <br />1.01. it is determined that: <br /> <br />(a) the City engineer has recommended the construction of varIOUS <br />improvements to the City's sanitary sewer and watermain (Project). <br /> <br />(b) the City is authorized by Minnesota Statutes, Section 444.075 (Act) to <br />finance all or a portion of the cost of the Project (Project Costs) by the issuance of <br />general obligation bonds of the City payable from the net revenues of the water and sewer <br />system. The Project Costs are presently estimated by the engineer to be as follows: <br /> <br />Project Designation and Description <br /> <br />Total Proiect Cost <br /> <br />Watermain Interconnection Costs: <br />Sitework, street and storm sewer <br />Trunk Watermain - including services <br />Engineering and Overhead Costs <br />Total Watermain Project Costs <br /> <br />$ 15,914 <br />211,266 <br />74..970 <br />$302,105 <br /> <br />Sanitary Sewer Costs: <br />Sitework, street and storm sewer <br />Trunk Sanitary Sewer, including services <br />Engineering and Overhead Costs <br /> <br />$ 15,912 <br />265,698 <br />$374,530 <br /> <br />Legal, Fiscal, Administrative Costs <br />Capitalized Interest, Estimate <br />Funds Needed <br /> <br />15,000 <br />19..385 <br />$711,065 <br /> <br />DJK144119 <br />CE1SS-13 <br />
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