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For R~moval And Refund~na Of Sr~c~al Assessments. <br />Improv~mant Proga~t #85L4. FOr Ihao_~roor~atel? Assessed <br /> <br />Motion by Councilmember Sorteberg and seconded by Councilmember Cox to adopt <br />Resolution #85-222 authorizing the removal of special assessments, Sealcoating <br />Improvement Project #85-4, from parcels not benefitting, and refunding that <br />~ortion of the special assessment already paid. (Please refer to resolution <br />file for Resolution #85-222). <br /> <br />Motion carried. Voting Yes: Acting Mayor Re,mann, Councilmembers Sorteberg, <br />Cox and Schlueter. Voting No: None. Absent: Mayor Heitman. <br /> <br />D. C~Dcellatiog of T~ase Aare~ment~With Sperry_ Corporation: <br /> <br />Motion by Councilme~ber COx and seconded by Councilmember Schlueter to adopt <br />Resolution #85-223 approving termination payment for agreement with Sperry <br />Corporation. (Please refer to resolution file for Resolution ~85-223). <br /> <br />Motion carried. Voting Yes: Acting Mayor Reimann, Councilmembers Sorteberg, <br />COx and Schlueter. Voting NO: None. Absent: Mayor Heitman. <br /> <br />E. ~i.~V. Fund Investment Analysis: <br /> ~ -~---%~-~ ~ - local <br />Councilm~ber Cox expressed concern tlfat J~%~eS~~ investments in <br />banks ~g~ this should receive some consideration as there is some benefit in <br />that those banks invest the money back into the community. <br /> <br />Mr. Graczyk stated that bids are taken on a quotation basis and auditors advise <br />that cities do not have several account in different banks. <br /> <br />Motion by Councilmember COx and seconded by Councilmember Sorteberg directing <br />Finance Officer Graczyk to research the possibility of investing with local <br />banks (Northern Bank and 1st National of Anoka) and report back to City <br />Council. <br /> <br />Motion carried. Voting Yes: Acting Mayor Reimann, Councilmsmbers Sorteberg, <br />Cox and Schlueter. Voting NO: None. Absent: Mayor Heitman. <br /> <br />A. T~ster Wirz Com~nsation: <br /> <br />Motion by Councilmember COx and seconded by Councilmember Schlueter to approve <br />a 15% gross salary increase for City Assessor Wirz to be retroactive to October <br />1 and continue through December 31 as compensation for assu~ing added <br />responsibility of the Building Inspection Department. <br /> <br />Motion carried. Voting Yes: Acting Mayor Reimann, Councilmembers Sorteberg, <br />COx and Schlueter. Voting No: None. Absent: Mayor Heitman. <br /> <br />Review Of (~ounc]] Action On O~tob~r R. 1985 Relatin~ To Investiaation O~ <br />~ty_ ~pl~e Utilization ~ Ci~ T~ For O~r ~dgavors~ <br /> - ~v~r 26, 1985 <br /> <br />Page 15 of 18 <br /> <br /> <br />