8.5. SR 08-15-2016 - Laserfiche WebLink

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Eclty1� ,.,�� Request for Action River To Item Number Mayor and City Council 8.5 Agenda Section Meeting Date Prepared by General Business August 15, 2016 Michael Hecker, Parks and Recreation Director Item Description Reviewed by Resolution: Determining the Issuance of Bonds and Cal Portner, City Administrator Calling a Special Election Reviewed by Action Requested Adopt,by motion, a resolution determining the necessity for the issuance of general obligation bonds and calling a special election. Background/Discussion City Council discussion on August 1, 2016, provided direction for a referendum on November 8, 2016, to issue bonds for the construction of a multi-purpose community center and park improvement projects not to exceed$30 million. The Council also discussed the need for an indoor athletic facility with synthetic turf. The indoor athletic facility with synthetic turf would be a second ballot question,if question 1 is approved, for amount not to exceed$4,000,000. The Parks and Recreation Commission originally recommended a total of$4.6 million in park projects but the City Council directed that the Commission narrow the list of park projects to $2 million for a referendum. The Commission reviewed the list of projects at the August 10 meeting and recommends the following projects with a total amount not to exceed $2 million: Skate Park ($350,000) Splash Pad ($650,000) Orono Parking Lot ($400,000) Orono Restrooms ($250,000) YAC Restrooms ($250,000) Hillside Trail Redevelopment ($100,000). Written notice must be provided to the county auditor by Friday,August 26. Financial Impact This will become two ballot questions to authorize an amount not to exceed $34 million in General Obligation bonds to pay for the construction of a multipurpose community center, an indoor athletic facility and park improvement projects. Attachments ■ Resolution for the issuance of bonds and a special election POWERED 6T A IR