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RES 16-104CITY OF OTSEGO COUNTY OF WRIGHT STATE OF MINNESOTA RESOLUTION NO: 2016-104 ADOPTING THE 2017-2026 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, NHNNESOTA: 1. That the 2017-2026 Capital Improvement Plan, as set forth in summary, attached as Exhibit A to this Resolution is adopted. ADOPTED by the Otsego City Council this 12th day of December, 2016. ATTEST: CITY OF OTSEGO Jessica Stockamp, Mayo Tami Loff, City Clerk MOTION made by Council Member Heidner and SECONDED by Council Member Warehime INFAVOR: Stockamp, Warehime, Darkenwald, Heidner OPPOSED: None 2