§ 1. Background; findings.

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.

It is proposed that the City Council approve a capital improvement project for the improvement of property located at 636 East 66th Street, the current site of the Richfield Ice Arena.

1.03.

The capital improvement project consists of the design, engineering and construction of the upgrade and replacement of HVAC, lighting and refrigeration equipment at the Richfield Ice Arena.

1.04.

A cost estimates for the project has not been finalized but the construction cost is expected to exceed $500,000.00 and designs costs are expected to exceed $75,000.00.

1.05.

A public hearing was held on May 26, 2009, after due notice as required by Section 8.05 of the Richfield City Charter.

1.06.

The Council finds and determines that it is in the best interests of the City and its inhabitants that the Ice Arena Equipment Project be approved.