HomeMy WebLinkAbout5.F.4. Street Reconstruction Plan Public HearingTO: Mayor and Council
Mark McNeill, City Administrator
FROM: Gregg Voxland, Finance Director
SUBJ: Street Reconstruction Plan Public Hearing
DATE: November 18, 2010
Introduction & Background
In order to fund certain street reconstruction projects by issuing bonds, Statutes require that a
public hearing be held and a five year reconstruction plan be adopted. These would be bonds
issued under MSA 47538 instead of the usual 429 bonds for special assessments. This is very
similar to the process used for the Capital Improvement Bonds for the new Public Works
building.
Action
Move to set the public hearing on the Street Reconstruction Plan for January 4th 2011 at 7:00
PM.
Gregg Voxland
Finance Director
CITY OF SHAKOPEE
Memorandum
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