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RES 20-82CITY OF OTSEGO COUNTY OF WRIGHT STATE OF MINNESOTA RESOLUTION NO: 2020-82 ADOPTING THE 2021-2030 CAPITAL IMPROVEMENT PLAN WHEREAS, the Otsego City Council has determined it is fiscally responsible and necessaryto 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: 1. That the 2021-2030 Capital Improvement Plan, as set forth in summary, attached as Exhibit A to this Resolution is adopted. ADOPTED by the Otsego City Council this 14th day of December, 2020. MOTION BY: Warehime SECONDED BY: Goede IN FAVOR: Tanner, Warehime, Stockamp, Goede, Darkenwald OPPOSED: None CITY OF OTSEGO U Jessica L. Stockamp, Mzlyor ATTEST: Bethany Be mg, Deputy (01y Clerk