RES 15-67CITY OF OTSEGO
COUNTY OF WRIGHT
STATE OF MINNESOTA
RESOLUTION NO. 2015-67
RESOLUTION APPROVING COMMITMENT OF FUNDS FOR CITY
SHARE OF GREAT RIVER CENTRE QUADAY INFRASTRUCTURE
IMPROVEMENTS
WHEREAS, The City has acquired a tax forfeit parcel from Wright County for
development of P & F Machining, Inc., and other industrial lots to bring jobs and
tax base to the City; and
WHEREAS, before development of the property may occur, construction of
public improvements including street, water, sewer and storm water is required;
and
WHEREAS, the City received a Business Development Public Infrastructure
Grant (BDPI) grant from the Minnesota Department of Employment and
Economic Development to fund $317,696 of the $636,537 project cost.
NOW, THEREFORE BE IT RESOLVED by the City Council of the City of
Otsego, Wright County, Minnesota, that the City hereby commits to internally
fund the $318,841 balance of the Great River Centre Quaday Infrastructure
Improvement project and other costs not funded by the $317,696 BDPI grant.
ADOPTED this 9th day of November, 2015 by the City Council of Otsego.
MOTION TO ADOPT the Resolution by Council Member Heidner and seconded
by Mayor Stockamp.
IN FAVOR: Stockamp, Heidner, Darkenwald, Warehime
OPPOSED: None
CITY OF OTSEGO
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Je sica Stockamp, Mayo
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Tami Loff, City Clerk