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Hibbing City Council adopts CIP resolution, accepts housing funds and approves downtown demolition; approves equipment purchases
Summary
Council adopted a capital improvement plan with preliminary authorization for CIP bonds not to exceed $10 million, accepted $1.15 million in housing funds, adopted a resolution declaring several downtown buildings substandard (clearing the way for demolition), and approved a set of equipment and contract purchases including audiovisual, wastewater chemical equipment, a mud pump and a flow-meter installation.
At its Feb. 19 meeting, the Hibbing City Council adopted a capital improvement plan and took several formal actions that advance projects for public works, housing and downtown redevelopment.
Capital improvement plan and CIP bonds: Following a statutory public hearing, Sheena (financial adviser; representing the bond team) and Nick Anhead (from Ehlers) briefed the council on the capital improvement plan and a preliminary authorization to issue capital improvement bonds in an amount not to exceed $10,000,000 to address public works deferred maintenance. The council offered and adopted Resolution 25-0203 adopting the CIP and preliminarily authorizing…
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