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CONSENT AGENDA <br /> <br />Councihnember Kurak requested that on page 4 of the December 1, 2003 City Council work <br />session minutes that the second sentence of her statement be changed to read "The asset of <br />purchasing the land is that it is quite likely that there will be an interchange for Highway #10 at <br />the build out of Town Center and would keep the City from having to go through condemnation <br />to acquire the property. <br /> <br />Councihnember Strommen requested that the November 25th City Council meeting minutes be <br />pulled Ibr fi~rther discussion under Mayor/Council Input. <br /> <br />Motion by Councilmember Pearson, seconded by Councilmember Elvig, to approve the items on <br />the Consent Agenda as presented: <br /> <br /> 1 ) Approve the Following City Council and Council Committee Meeting Minutes <br /> a) City Council/Regular/November 25, 2003 (Item as pulled from the Consent Agenda) <br /> b) City Council/Work Session/December 1, 2003 <br /> c) Personnel Committee/Regular/November 25, 2003 <br />2) Receive Report of Pooled Cash Flows Period Ended November 30, 2003 <br />3) Adopt Resolution #03-12-331 Approving Cash Disbursements Made and Authorizing <br /> Payment of Accounts Payable Invoicing Received During the Period of November 30, 2003 <br /> tJ~rot~gh December 4, 2003 <br />4) Adopt Resolution #03-12-332 Approving 3''d Partial and Final Payment to Hydrocon, Inc. for <br /> hnprovcment Project #03-21 (Sunwood Drive Lift Station) <br />5) Adopt Resolution #03-12-333 Approving 8th Partial Payment to La Tour Construction for <br /> hnprovement Project #99-52 (Sunwood Drive Extension) <br /> <br />Motion can'ied. Voting Yes: Mayor Gamec, and Councilmembers Pearson, Elvig, Cook, Kurak, <br />Strommen, and Zimmenrtan. Voting No: None. <br /> <br />COUNCIL BUSINESS <br /> <br />Case #1: <br /> <br />Preliminary Approval for the Issuance of Revenue Bonds for PACT Charter <br />School <br /> <br />Mayor Gamec called the public hearing to order at 7:15 p.m. <br /> <br />Presentation <br /> <br />Finance Officer Lund stated that the PACT Charter School has asked the City to issue revenue <br />bonds on their behalf to finance a Charter School facility in the City. State and Federal law <br />allows cities to issue bonds and loan the proceeds to nonprofit corporations to finance capital <br />expenditures. By issuing tax-exempt bonds through the City, the Charter school reduces their <br />borrowing costs due to the tax-exempt status. The PACT Charter School has agreed to pay all <br /> <br />City Council/December 16, 2003 <br /> Page 4 of 33 <br /> <br /> <br />