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-40- <br /> <br />Case #11: Report fi'om the Finance Committee <br /> <br />1) <br /> <br />Presentation by Financial Firm of Juran and Moody; Discussion of Bond Sale for <br />Land Purchase and Public Improvements Regarding the Maken & Sauter <br />Properties <br /> <br />Motion by Councilmember Connolly, seconded by <br />Resolution #00-11~315 providing for the competitive <br />obligation taxable tax increment bonds, series 200lA. <br /> <br />Councilmember Hendriksen. to adopl <br />negotiated sale o/' <br /> <br />Motion carried. Voting Yes: Mayor Gamec, Councilmembers Connolly, Hendriksen, Anderson, <br />and Zimmerman. Voting No: None. <br /> <br />Motion by Councilmember Hendriksen, seconded by <br />Resolution #00-11-316 providing for the competitive <br />obligation tax increment bonds, series 200~B. <br /> <br />Councilmember Connolly, to adopt <br />negotiated sale of $920,000 general <br /> <br />Motion carried. Voting Yes: Mayor Gamec, Councilmembers Hendriksen, Connolly, Anderson, <br />and Zirmnem'mn. Voting No: None. <br /> <br />2) Approve Elmcrest Park Development <br /> <br />City Administrator Norman stated that the item was forwarded without a recommendation fi'om <br />the Finance Committee to allow the City Attorney time to review the document. <br /> <br />City Attorney Goodrich stated that the docnment looks straight forward, but he would like <br />further clarification if the pnrchase of the land can be included in the 80%.cost requirement. <br /> <br />Motion by Councilmember Connolly, seconded by Conncilmember A3~derson, to adopt <br />Resolution #00-11-314 approving the receipt of the $100,000 CFL Grant and initiating the <br />development of Elmcrest Park, contingent upon the City Attorney verification. <br /> <br />Motion carried. Voting Yes: Mayor Gatnec, Councilmembers Connolly, Anderson, Hendriksen, <br />and Zimmerman. Voting No: None. <br /> <br />3) Request to Recousider Plan Check Fees for Townhomes <br /> <br />The Finance Committee held a discussion with a developer requesting that the Plan Check Fee be <br />removed for townhome developments after the first plan is reviewed. Consensus of the <br />Cmmnittee was to leave the fee as is. <br /> <br />City Council/November 28, 2000 <br /> Page 19 of 21 <br /> <br />I, <br /> I <br /> I <br /> I <br /> I <br />I <br />I <br />I <br />I <br />I <br /> <br />I <br /> <br />! <br />i <br /> <br />i <br /> <br /> <br />