Sponsor: Finance
Title
title
2021 Capital Improvement Program Bond Ordinance - Set Public Hearing Date
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Recommendation
recommendation
Set the Public Hearing date of November 17, 2020 at 9:00 a.m., or as soon thereafter as possible, in the Council Chambers, third floor of the Ramsey County Court House, 15 West Kellogg Boulevard, Saint Paul, MN, on the proposed 2021 Capital Improvement Program Bond Ordinance.
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Background
background
Ramsey County proposes to issue general obligation bonds in accordance with Ordinance No. 93-292, adopted July 29, 1993, which sets forth a procedure for issuing bonds in compliance with the Ramsey County Home Rule Charter.
The ordinance procedures in the Ramsey County Home Rule Charter require that a date for a public hearing will be set at the time of the first reading and the date shall be no sooner than 10 days after the first reading. A notification of the public hearing, which includes the draft Ordinance, will be publicized in advance of the public hearing.
This action sets the date of the Public Hearing as November 17, 2020 at 9:00 am, or as soon thereafter as possible, in the Council Chambers on the proposed 2021 Capital Improvement Program Bond Ordinance. Due to the COVID-19 pandemic, information on how to submit comments via email that will be provided to the Board of Commissioners will be included in the notice for individuals who do not want to attend in person.
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County Goals (Check those advanced by Action)
☐ Well-being ☐ Prosperity ☐ Opportunity ☐ Accountability
Racial Equity Impact
This action by itself does not have a measurable racial equity impact, as the action is just one step in the ordinance process required by the County Charter to issue bonds. The County plans to issue bonds to finance numerous capital improvement projects, each of which provides programs and services to the community. The racial equity impact is considered by the County departments during the development of the associated programs and services for each capital project.
Community Participation Level and Impact
Ramsey County issues bonds to finance capital improvements identified in its annual capital improvement plan which is developed with public participation through the capital Improvement Program Citizen’s Advisory Committee (CIPAC), an advisory committee composed of up to 14 residents, appointed by the County Board, to assure public participation in the decision-making process. The County Board also holds a public hearing as part of the Bond Ordinance to afford the public an opportunity to comment on each proposed project. Direct community participation is incorporated by the County departments in the development of the program and services associated with each capital project.
☒ Inform ☒ Consult ☒ Involve ☐ Collaborate ☐ Empower
Fiscal Impact
The proposed 2021 Capital Improvement Program Bond Ordinance authorizes a maximum amount of bond issuance to finance the capital improvements identified in the County’s 2021 Capital Improvement Program Budget and Financing Plan, or as amended, and subject to County Board project approval.
County Manager Comments
The Ramsey County Home Rule Charter requires that every ordinance have two readings and a public hearing. Bond financing aligns with the County’s Opportunity and Prosperity goals by facilitating strategic capital investments which cultivate economic development and prosperity in the community.
Last Previous Action
On December 17, 2019, the County Board approved the 2020-2021 Capital Improvement Program Budget and Financing Plan (Resolution B2019-323B).
Attachments
1. Proposed 2021 Capital Improvement Program Bond Ordinance
2. Public Hearing Notice
3. Proposed Schedule of Events - 2021 Capital Improvement Program Bond Sale