DEPARTMENT: Finance
FILE TYPE: Regular Action
TITLE
title
Public Hearing On Bond Capital Improvement Plan, Adoption Of Plan And Approval Of Capital Improvement Bonds
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PURPOSE/ACTION REQUESTED
Adopt the Bond Capital Improvement Plan and approve the Bonds in a principal amount not to exceed $38,240,000.
SUMMARY
Pursuant to Minn. Stat. § 373.40, the County Board must hold a hearing to accept public comments
on a Capital Improvement Program (CIP) related to issuance of general obligation bonds. Following
the public hearing, the County Board may consider adoption of the CIP, sometimes referred to as the
“Bond CIP.” The adoption of the Bond CIP authorizes the County Board to issue bonds for the
Lebanon Hills Maintenance Facility Project, Wentworth Library Renovation Project, and Burnhaven
Library Renovation Project in an amount not to exceed $38,240,000. (Attachment: Proposed 2025-2029 Bond CIP).
The adoption of the Bond CIP does not obligate the County Board to issue the bonds. The
County Board would consider calling for the sale of bonds at the February 11, 2025 meeting, following the conclusion of a 30-day reverse referendum period. The approval of the Bond CIP must
be approved by vote of at least two-thirds of the members of the County Board.
By Resolution No. 24-583 (December 3, 2024), the County Board scheduled a public hearing for January 7, 2025, to receive comments on the Bond CIP. The public hearing was advertised in the Hastings Journal on December 18, 2025 (Attachment: Notice of Public Hearing).
RECOMMENDATION
recommendation
Approve the Bond Capital Improvement Plan and issue general obligation capital improvement bonds in an amount not to exceed $38,240,000
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EXPLANATION OF FISCAL/FTE IMPACTS
☒ None ☐ Current budget ☐ Other
☐ Amendment Requested ☐ New FTE(s) requested
RESOLUTION
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WHEREAS, the Dakota County Board of Commissioners (Board) has published notice of its intent to hold a hearing on the adoption of Dakota County’s (County’s) 2025-2029 Capital Improvement Plan (Plan) and the issuance of capital improvement plan bonds (Bonds) under Minn. Stat., Section 373.40 (the Act) and Chapter 475, at least 14 but not more than 28 days prior to the date hereof, pursuant to and in accordance with the Act; and
WHEREAS, the Board held a public hearing on the date hereof on (i) adoption of the Plan and (ii) the issuance of capital improvement plan bonds for the purpose of financing the construction of various capital improvements, as described in the Plan; and
WHEREAS, the Board has considered the Plan covering a five-year period and setting forth the estimated schedule, timing and details of specific capital improvements by year, together with the estimated cost, the need for the improvements, and sources of revenue to pay for the improvements; and
WHEREAS, in preparing the Plan, the Board has considered for each project and for the overall Plan:
(1) the condition of the County’s existing infrastructure, including the projected need for repair and replacement;
(2) the likely demand for the improvement;
(3) the estimated cost of the improvement;
(4) the available public resources;
(5) the level of overlapping debt in the County;
(6) the relative benefits and costs of alternative uses of the funds;
(7) operating costs of the proposed improvements; and
(8) alternatives for providing services more efficiently through shared facilities with other counties or local governmental units.
NOW, THEREFORE, BE IT RESOLVED, That the Dakota County Board of Commissioners hereby adopts the Plan and approves the bonds in a principal amount not to exceed $38,240,000.
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PREVIOUS BOARD ACTION
24-583; 12/3/24
ATTACHMENTS
Attachment: Presentation Slides
Attachment: Proposed 2025-2029 Bond CIP
Attachment: Notice of Public Hearing
BOARD GOALS
☐ A Great Place to Live ☐ A Healthy Environment
☐ A Successful Place for Business and Jobs ☒ Excellence in Public Service
CONTACT
Department Head: Paul Sikorski
Author: Leng Vang