98-8654r
14
RESOLUTION NO. 8654
RESOLUTION ADOPTING THE 1999 CAPITAL IMPROVEMENT BUDGET
WHEREAS, a proposed Capital Improvement Budget for 1999 has been
prepared and submitted for review by the City Council in accordance with charter
requirements; and
WHEREAS, the City Council has received the recommendations and benefit of
review of these proposed documents by the Planning Commission and has itself
reviewed these proposals.
NOW, THEREFORE, BE IT RESOLVED that the 1999 Capital Improvement
Budget in the sum total of $29,503,000 is hereby approved as amended and adopted
with full recognition of the fact that the cost estimates are approximate and are subject
to final cost estimates and that all awards of contracts for these projects are subject to
necessary hearings and must be approved by the City Council in accordance with
established laws and practices governing such action, and
BE IT FURTHER RESOL Vi:D that the City Manager is hereby authorized and
directed to initiate the procedures which will lead to more formal and detailed
consideration of these projects iil accordance with the aforementioned laws and
practices.
Adopted by the City Council of the City of Richfield, Minnesota this 14th day of
December, 1998.
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Martin J. Kirs ayor
ATTEST:
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Thomas P. Ferber, City Clerk