HomeMy WebLinkAboutR - 2024-01- Resolution Necessity for Capital Improvement Project 2024-1
RESOLUTION OF NECESSITY FOR CAPITAL IMPROVEMENT PROJECT
WHEREAS, at a Meeting of the City Council of the City of South Burlington
("Council") duly warned and held on April 17, 2023, the City's Department of Public
Works Director ("Director") and Aldrich & Elliott, the consulting engineer engaged
by the City of South Burlington ("City") to assist with the design and
implementation of the project, recommended there was need to install, erect and
integrate into the City's potable water supply system a new Two Million One
Hundred Thousand gallon water storage tank sited adjacent to the City's existing
water tank on land west of Dorset Street to assure sufficient future water service to
the water customers of the City's water system and to improve system water
pressure; and
WHEREAS this capital project is estimated to cost Five Million Seven
Hundred Fifty Thousand and 00/100 Dollars ($5,750,000.00); and
WHEREAS the Director and Aldrich & Elliott explained that the tank as
designed has a capacity of 2.1 million gallons which is expected to meet estimated
customer demand for water into the foreseeable future and address system pressure
issues; and
NOW THEREFORE BE IT RESOLVED that the Council finds that the public
interest and necessity demand that the City design, engineer, plan for, install and
erect a 2.1-million-gallon water tank adjacent to the City's existing water tank on
land west of Dorset Street to assure sufficient future water service to the water
customers of the City's water system and to improve system water pressure
("Project") at an aggregate estimated cost of Five Million Seven Hundred Fifty
Thousand and 00/100 Dollars ($5,750,000.00); and
BE IT FURTHER RESOLVED that the costs of the Project after the
application of available state and federal construction grants-in-aid, appropriations,
reserves, and other funds (including ARPA funds) available to the City, if any, are
too great to be paid out of the ordinary annual income and revenue of the City; and
BE IT FURTHER RESOLVED that a proposal for undertaking the Project
and to issue general obligation bonds or notes of the City in an aggregate principal
amount not to exceed Five Million Seven Hundred Fifty Thousand and 00/100
Dollars ($5,750,000) to pay for the Project and related costs of issuance and expenses
should be submitted to the legal voters of the City at the annual City Meeting to be
duly warned and held on March 5, 2024; and
BE IT FURTHER RESOLVED that a public information meeting will be held
to discuss the Project and the issuance of bonds on Monday, March 4, 2024,
commencing at six-thirty o'clock (6:30) in the afternoon (p.m.) to be held in-person
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at the City Offices and also electronically on the Zoom platform, the specific details
and dial-in numbers for the Zoom element will be as specified in the Warning for
the Meeting and the warning for the public information meeting; and
BE IT FURTHER RESOLVED that all acts relating to the proposition of
incurring bonded indebtedness and the issuance of general obligation bonds or notes
of the City for the purpose of financing the Project be in accordance with the
provisions of Chapters 53 and 120 of Title 24 of the Vermont Statutes Annotated;
and
BE IT FURTHER RESOLVED that the attached form of the Warning and
form of Ballot are specifically adopted for use in connection with consideration of
the above-stated proposition of making public improvements and incurring bonded
indebtedness therefor.
Dated: January 2024
CITY OF SOUTH BURLINGTON CITY COUNCIL
11124Lidi-ikled
Helen Riehle, Chair Meaghan Emery, Vice Chaqf
/s/ Andrew Chalnick
Tim Barritt Andrew Chalnick
Larry Kupferman
Received for record this day of January 2024.
Holly Re s, C ty Clerk
SON23-001 NecRes(WaterrTank)23 12-27 BONDS.docx
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