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<br />e <br /> <br />RESOLUTION 95- 74 <br /> <br />A RESOLUTION FOR THE CITY OF ELK RIVER <br /> <br />A RESOLUTION APPROVING THE PLANS AND SPECIFICATIONS <br />AND ORDERING THE ADVERTISEMENT FOR BIDS <br />IN THE MATTER OF THE W ASTEW A TER TREATMENT PLANT <br />IMPROVEMENT OF 1995 <br /> <br />\VHEREAS pursuant to City Council direction, the Project Engineer has prepared plans and <br />specifications for the Wastewater Treatment Plant improvement, which plans and <br />specifications have been reviewed by the City; <br /> <br />NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Elk River, Minnesota: <br /> <br />L Such plans and specifications, a copy of which is attached hereto and incorporated herein by this <br />reference, are hereby approved. <br /> <br />e <br /> <br />2. The City Administrator shall prepare and obtain the publication of an advertisement for bids for the <br />making of the improvement pursuant to the attached plans and specifications. The advextisement <br />shall be published once each week for three consecutive weeks, shall specify the work to be done, <br />and shall state that the bids will be received by the City Administrator until 10:00 a.m. on Thursday, <br />December 14, 1995, at which time the bids will be publicly opened in the Council chambers of the <br />City Hall by the City Administrator and the Project Engineer and will then be tabulated for <br />consideration by the City Council at a meeting thereof at 6:00 o'clock p.m. on January] 6, 1996, <br />in the City Council chambers at City Hall. No bids will be considered unless sealed and filed with <br />the City Administrator and accompanied by a cash deposit, cashier's check, bid bond, or cf;rHficd <br />check payable to the City in the amount of 5 % of the amount of such bid. <br /> <br />5. The City reasonably expects to reimburse itself for the payment of certain costs of the Project out <br />of the proceeds of a bond issue or similar borrowing (the "Bonds") to be issued by the City afrer the <br />dale of payment of such costs. As of the date hereof, the City reasonably expects that $5,000,000 <br />is the maximum principal amount of the Bonds which will be issued to finance the Project. <br /> <br />6. Each expenditure to be reimbursed from the Bonds is or will be a capital expenditure or a cost of <br />issuance, or any of the other types of expenditures described in Section 1.150.2(d) (3) of the <br />Regulations. <br /> <br />Passed and adopted this 6th day of November, 1995. <br /> <br />e <br /> <br /> <br />~/I .p" .;. <br />... /1 Ii "..;;-- <br />, ~ ;;~A. ~~~ts~arf,(~;:.z,- <br /> <br />Sandra A. Thackeray, City Clerk <br />