HomeMy WebLinkAbout2018-249 (State of Minnesota General Obligation Bond Grant in the amount of $1.65 million for the St. Croix Riverbank Restoration and Riverwalk Projects) RESOLUTION 2018-249
ACCEPTING STATE OF MINNESOTA GENERAL OBLIGATION BOND GRANT IN THE
AMOUNT OF$1.65 MILLION FOR THE ST.CROIX RIVERBANK RESTORATION AND
RIVERWALK PROJECTS
WHEREAS, the City of Stillwater has been notified by the Minnesota Department of
Natural Resources (DNR) of the General Obligation Bond Grant of$1.65 million for the St.
Croix Riverbank Restoration and Riverwalk Projects; and
WHEREAS, the DNR General Obligation Bond Grant is the result of the successful
inclusion of the St. Croix Riverbank Restoration and Riverwalk Projects in the State Bonding
Bill approved by the legislature and signed into law by Governor Dayton; and
WHEREAS, the overall project cost is $3.3 million and the City of Stillwater has
committed $1.65 million in matching funds from TIF District #1 by adoption of Resolution
2018-064 on April 3, 2018 to complete the projects;
NOW THEREFORE, BE IT RESOLVED that the Stillwater City Council accepts the
State of Minnesota General Obligation Bond Grant in the amount of$1.65 million for the St.
Croix Riverbank Restoration and Riverwalk Projects and authorizes the City Administrator
to execute all necessary contract documents on behalf of the City.
Adopted by the Stillwater City Council this 13th day of November, 2018.
Ted Kozlowski, Mayor
ATTEST:n
Diane F.Ward, City Clerk