RES 19-85CITY OF OTSEGO
COUNTY OF WRIGHT
STATE OF MINNESOTA
RESOLUTION NO: 2019-85
ADOPTING THE 2020-2029
CAPITAL IMPROVEMENT PLAN
WHEREAS, the Otsego City Council has determined it is fiscally responsible and necessary to develop a
capital improvement plan that identifies items that may require significant capital investment; and
WHEREAS, the Otsego City Council has reviewed the details and estimated cost of each item included
within the capital improvement plan; and
WHEREAS, the Otsego City Council has identified probable funding sources for each item included within
the capital improvement plan; and
WHEREAS, the inclusion of an item within the capital improvement plan does not commit final approval
for each respective item, rather each item will be presented to the Otsego City Council with final expenditure
amounts and a detailed funding plan to gain final approval.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF OTSEGO,
MINNESOTA:
That the 2020-2029 Capital Improvement Plan, as set forth in summary, attached as Exhibit A to this
Resolution is adopted.
ADOPTED by the Otsego City Council this 9th day of December, 2019.
MOTION made by Council Member Tanner
Goede
CITY OF OTSEGO
o -
Jessica Stockamp, Ma or
ATTEST:
•
Taml h-6ff, City Clerk
and SECONDED by Council Member
IN FAVOR: Stockamp, Tanner, Goede, Darkenwald
OPPOSED: None
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