§ 1. Background; findings.

Latest version.

1.01

Section 8.04 of the Richfield City Charter requires that any capital improvement on City-owned property that has an estimated cost exceeding $500,000.00 or expenditures for design or engineering costs exceeding $75,000.00 must be approved by Ordinance after a public hearing.

1.02

The estimated costs for each of the capital improvement projects listed on the attached Exhibit A include estimated costs for land acquisition, design, engineering, and/or construction.

1.03

The four (4) projects listed on the attached Exhibit A have design and engineering and/or construction costs that exceed the amounts specified in Section 8.04 of the Richfield City Charter.

1.04

A public hearing was held on November 13, 2000 after due notice as required by Section 8.05 of the Richfield City Charter.

1.05

The Council finds and determines that it is in the best interests of the City and its inhabitants that these capital improvement projects be approved.

                    
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