HomeMy WebLinkAbout2026-033 Adopt CIP & Prelim Approval of Bonds Project 2414CITY OF COLUMBIA HEIGHTS, MINNESOTA
RESOLUTION NO.2026-033
ADOPTING A CAPITAL IMPROVEMENT PLAN AND
PROVIDING PRELIMINARY APPROVAL FOR THE ISSUANCE
OF GENERAL OBLIGATION BONDS THEREUNDER
BE IT RESOLVED By the City Council of the City of Columbia Heights, Minnesota (the "City"),
as follows:
Section 1. BacUr ound.
1.01. Pursuant to Minnesota Statutes, Section 475.521, as amended (the "Act"), cities are
authorized to adopt a capital improvement plan and carry out programs for the financing of capital
improvements.
1.02. The City has caused to be prepared a five (5) year capital improvement plan for the years
2026 through 2030 (the "Capital Improvement Plan").
1.03. On the date hereof, the City Council held a public hearing, after publication in the City's
official newspaper of a notice of public hearing at least ten (10) days but no more than twenty-eight (28)
days before the date of the hearing, on the Capital Improvement Plan and the issuance of one or more series
of general obligation bonds thereunder (the "CIP Bonds") in a maximum principal amount of $31,515,000,
plus any premium received, to finance various capital improvements, including but not limited to the
construction of a public works building to replace the City's Municipal Service Center (the "Capital
Improvements").
1.04. In considering the Capital Improvement Plan, the City Council has considered for each
project and for the overall Capital Improvement Plan:
1. the condition of the City's existing infrastructure, including the projected need for
repair and replacement;
2. the likely demand for the improvement;
3. the estimated cost of the improvement;
4. the available public resources;
5. the level of overlapping debt in the City;
6. the relative benefits and costs of alternative uses of the funds;
7. operating costs of the proposed improvements; and
8. alternatives for providing services more efficiently through shared facilities with
other local government units.
Section 2. Capital Improvement Plan.
2.01. Pursuant to the Act, the Capital Improvement Plan is hereby approved by an affirmative
vote of the required number of members of the City Council, a five -member governing body. The City
Council finds that the Plan will provide for certain capital improvements which serve the interests of the
City as a whole.
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2.02. Pursuant to Minnesota Statutes, Section 462.356, subdivision 2, the City Council, by at
least a two-thirds vote of all of its members, finds that the Capital Improvement Plan and the improvements
to be financed with the CIP Bonds do not impact and do not have a relationship to the City's comprehensive
plan; the Capital Improvement Plan and improvements are consistent with the City's comprehensive plan;
therefore, the City Council dispenses with the requirements of Minnesota Statutes, Section 462.356,
subdivision 2 relating to planning commission review of the Capital Improvement Plan and the
improvements.
2.03. City staff are hereby authorized to do all other things and take all other actions as may be
necessary or appropriate to carry out the Capital Improvement Plan in accordance with any applicable laws
and regulations.
2.04. The City gives preliminary approval to the issuance of the CIP Bonds in the maximum
principal amount of $31,515,000, plus any premium received; provided that if a petition requesting a vote
on issuance of the CIP Bonds, signed by voters equal to five percent (5%) of the votes cast in the last
municipal general election, is filed with City Clerk within thirty (30) days of the date hereof, the City may
issue the CIP Bonds only after obtaining approval of a majority of voters voting on the question at an
election.
Section 3. Miscellaneous.
3.01. City staff are hereby authorized to do all other things and take all other actions as may be
necessary or appropriate to carry out the intent of this resolution in accordance with the Act.
3.02. The Mayor and City Manager are authorized and directed to execute and deliver any
agreements, certificates or other documents that the City determines are necessary to implement this
resolution.
3.03. This resolution shall be in full force and effect following its approval.
Approved this 261h day of May, 2026, by the City Council of the City of Columbia Heights, Minnesota.
Offered by: Buesgens
Seconded by: Deneen
Roll Call: All Ayes
A fida M:irJR& Simula<yor
ATTEST:
S a Ion. City Clerk
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