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Motion by Councilmember Kuzma, seconded by Councilmember Williams, to expand the scope
<br /> of work for Project 14-30, construction of a replacement Fire Station #2, to include purchase and
<br /> installation of a backup generator at a cost not to exceed $65,000.
<br /> Further discussion: Councilmember LeTourneau appreciated the efforts of staff when dealing
<br /> with the County and encouraged staff to continue in those negotiations. He also acknowledged
<br /> the lesson learned in obtaining agreements in writing. Mayor Strommen agreed with the lesson
<br /> learned but pled to the County to work with the City as the easement the County needed was put
<br /> into place but the generator the City needed was not obtained. She stated that this is nothing
<br /> against the County as there is staff turnover that occurs and things can fall through the cracks
<br /> when agreements are not recorded in writing.
<br /> Motion carried. Voting Yes: Mayor Strommen, Councilmembers Kuzma, Williams, Johns,
<br /> LeTourneau, Riley, and Shryock. Voting No: None.
<br /> 7.04: Adopt Resolution #15-05-129 Providing for Issuance and Sale of$3,970,000 General
<br /> Obligation Capital Improvement Plan Bonds, Series 2015A and Levying a Tax for
<br /> the Payment Thereof
<br /> Finance Director Lund reviewed the staff report and recommendation to issue and sell
<br /> $3,970,000 General Obligation Capital Improvement Plan Bonds, Series 2015, and levying a tax
<br /> for the payment thereof to provide a funding mechanism for the construction of Fire Station#2.
<br /> Stacie Kvilvang, Ehlers & Associates, presented the bid results, indicating that the City received
<br /> an AA plus rating, which was assigned due to the strong management, strong budgetary
<br /> performance, strong budgetary flexibility, and strong liquidity of the City. She stated that the
<br /> sale occurred this morning at 10:00 a.m. and three bids were received. She recommended the
<br /> lowest bidder which has a true interest value of 2.8 percent noting that the total cost did decrease
<br /> from$3,970,000 to $3,880,000.
<br /> Mayor Strommen commended staff for their efforts in helping the City reach an AA plus bond
<br /> rating.
<br /> Motion by Councilmember Johns, seconded by Councilmember LeTourneau, to Adopt
<br /> Resolution #15-05-129 Providing far Issuance and Sale of$3,880,000 GO Capital Improvement
<br /> Plan Bonds, Series 2015A, and Levying a Tax for the Payment Thereof.
<br /> Motion carried. Voting Yes: Mayor Strommen, Councilmembers Johns, LeTourneau, Kuzma,
<br /> Riley, Shryock, and Williams. Voting No: None.
<br /> 7.05: Adopt Resolution #15-05-130 Providing for the Issuance and Sale of $1,235,000 GO
<br /> Street Reconstruction Bonds, Series 2015B, and Levying a Tax for the Payment
<br /> Thereof
<br /> Finance Director Lund reviewed the staff report and recommendation to issue and sell
<br /> $1,235,000 General Obligation Street Reconstruction Bonds, Series 2015B, and levying a tax for
<br /> City Council/May 26,2015
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