RES 1982-83 - 00006061156
j
{
2890== W. 83 — 190
RESOLVrMn SuPFaNyM CONSTITUTIONAL AKEmmENT #2 AN
AMENOME T To THR PMMFSOTA CONSTITUTION ON HIGHNAS
B=Mr 2D RMWE RBS2RICrM1S ON THE MEREST RATES FOR
THE AMOUN! OF TRUCK HIX,' W HC�
WHEREAS, the City Council of the City of Fridley has reviewed the facts
concerning the need for a Minnesota Constitutional Amendment removing Highway
Bonding Restrictions in the Minnesota Constitution and
WHEREAS, finds that a 58 interest rate and $150 million maximum borrowing
amount are obsolete in current economic times, and
WHEREAS, recognizes the urgent need to provide flexibility to the state
legislature and administration to be able to adequately fund necessary Truck
Highway and Bridge repairs and replacements, and
WHEREAS, believes that additional capability to support good highways will
also aid in improving the economic vitality of Minnesota and the City of
Fridley by providing more jobs and transportation facilities for the movement
of goods and materials in the state.
NOW, THE'REEORE, BE IT RESOLVED, by the City Council of the City of Fridley,
County of Anoka, State of Minnesota, that Constitutional Amendment #21 an
amendment to the Minnesota Constitution to remove restrictions on the interest
rates for the amount of Truck Highway Bonds, be supported, and
BE IT FURTHER RESOLVED, that the City Council of the City of Fridley urges all
residents of the city voting at the November 2F 1982 election, to cast a "yes"
vote for Constitutional Amendment #2
PASSED AND ADOPTED BY THE CITY COUNCm OF THE CITY OF MUXEY THIS 277H DAY OF
SEPPEMBERF 1982.
WILLE5V NEE - MAYOR