Minutes - Council - 09/22/2009 - Laserfiche WebLink

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Mayor Ramsey called the public hearing to order at 7:31 p.m. Presentation Assistant City Engineer Jankowski reviewed the staff report. Citizen Input Greg Fritz, 16280 Andrie Street NW, stated that some costs had been incurred during the Andrie Street project and questioned if a portion of that cost would be assessed to the residents. Assistant City Engineer Jankowski confirmed that the costs would not be passed to the residents as the project was not completed. Motion by Councilmember Elvig, seconded by Councilmember Dehen, to close the public hearing. Motion carried. V oting Yes: Mayor Ramsey, Councilmembers Elvig, Dehen, Jeffrey, Look, McGlone, and Wise. Voting No: None. The public hearing was closed at 7:34 p.m. Council Business Mayor Ramsey called the regular City Council meeting back to order at 7:34 p.m. Motion by Councilmember Elvig, seconded by Councilmember McGlone, to adopt Resolution #09-09-222 through #09-09-231 Adopting Assessments for Improvement Projects. #09-02 through #09-10 and #09-12. Motion carried. V oting Yes: Mayor Ramsey, Councilmembers Elvig, McGlone, Dehen, Jeffrey, Look, and Wise. Voting No: None. Case #2A: Authorization of the Issuance of $850,000 General Obligation State Aid Road Bonds to Assist with the Funding of the Construction of Sunfish Lake Boulevard Finance Director Lund reviewed the staff report. She advised that the consensus of the Finance Committee was to approve $1,300,000 in State Aid road bonds for the Sunfish Lake project. Paul Donna, Senior Vice President of Northland Securities, reviewed the. option of State Aid bonds and the method for paying back those funds. He advised of a tool provided by the stimulus funds, Build America Bonds, and explained that process. He stated that for this item, tax exempt bonds would still be the best choice, but recommended that the Council leave the City Council/September 22, 2009 Page 7 of 15