RES 15-73CITY OF OTSEGO
COUNTY OF WRIGFIT
STATE OF MINNESOTA
RESOLUTION NO: 2015-73
RESOLUTION ADOPTING THE 2016-2020
CAPITAL EWROVEMENT 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 2016-2020 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, 2015.
ATTEST:
CITY OF OTSEGO
Jessica Stockamp, Mayor
Tami Lo , City Clerk
MOTION made by Council Member Heidner and SECONDED by Council Member
Warehime
IN FAVOR: Stockamp, Warehime, Heidner, Schroeder
OPPOSED: None