98-8563r
21
RESOLUTION NO. 8563
RESOLUTION AMENDING THE 1998 CAPITAL IMPROVEMENT BUDGET
WHEREAS, the City Council approved a 1998 Capital Improvement Budget in
December 1997 as part of the 1998 budget process; and
WHEREAS, a number of projects which merit consideration in 1998 have come
to the attention of the City staff; and
WHEREAS, the City Council held a public hearing to consider the additional
projects; and
WHEREAS, the City Council determined that certain additional projects should
be included in the 1998 Capital Improvement Budget.
NOW, THEREFORE, BE IT RESOLVED that the following projects with the
accompanying estimated casts be added to the 1998 Capital Improvement Budget.
Proiect
Second Indoor Ice Sheet (Veterans Park) Bond
Expansion of City Hall Parking Lot Fund
1-494 Integrated Corridor Traffic Mgmt.
66th Street Reconstruction at 1-35W
Traffic Signal @ 77th St. (Shops At Lyndale)
69th & Penn Avenue Stormwater Improvements
Proiect Expenditure
$2,700,000
212,000
25,000
600,000 v
135,000
300,000 .
Source
Rev. Bond
General
MSA
MSA/Federal
MSA
User Fees
Adopted by the City Council of the City of Richfield, Minnesota this 23rd day of
March, 1998.
ATTEST:
~P~J
Thomas P. Ferber, City Clerk