Minutes - Council - 12/08/2020 - Laserfiche WebLink

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Councilmember Musgrove stated that when the different funding sources were discussed, the available balance was not included. She referenced the streetlight utility fund and asked if more funds could have come from that fund to support this project. Finance Director Lund replied that $250,000 was taken from that fund. She explained that when pulling from different funds, staff attempted to determine the respective portion of the project that could be allocated to that fund. She noted that each fund has its own CIP needs to be funded in the future. Councilmember Musgrove stated that she was pleased to see the figures come in lower than expected. She asked and received confirmation that the decrease to the debt service levy was included in the previously approved case. Mayor LeTourneau stated that in the funding discussions there were conscious discussions and decisions in order to determine the amount of funding that would be appropriate from each fund. Finance Director Lund explained that she used calculations specific to the staffing and equipment at the public works facility that could be legally attributed to each fund. Motion by Councilmember Riley, seconded by Councilmember Kuzma, to Adopt Resolution #20- 297 Providing for the Issuance and Sale of $9,065,000 General Obligation Capital Improvement Plan Bonds, Series 2020A and Levying a Tax for the Payment Thereof. Motion carried. Voting Yes: Mayor LeTourneau, Councilmembers Riley, Kuzma, Menth, Musgrove, and Specht. Voting No: None. 7.02: Consider Action Reduce Interest Charged on Deferred Assessments Due Upon Sale of Tract A, RLS No. 119 City Administrator Ulrich reviewed the staff report and recommendation to deny this request for the reasons stated in the staff report. The City Council is able to consider this request and recommend a different approach if desired, however, if it is the decision to reduce the interest payments, consideration should be given to a policy that would cover similar situations in the future. Mayor LeTourneau invited any residents to provide input. Joe Krekelberg, Lino Lakes resident, spoke in representation of the Hamilton/Holasek family. He stated that their family sold the land to Connections Church in September as that would be a land use that aligns with the shared faith and beliefs of the family. He noted that when selling to a church it is not as profitable as other types of development would have been. He stated that in the process of selling the property, the family learned of an $89,000 bill owed to the City for a $25,000 assessment issued in 1989. He stated that the family was shocked to see that interest had been collected, especially that amount of interest. He stated that the primary landowners, Mr. Hamilton and Mr. Holasek, have passed away and the family was unaware that interest had been charged. He thanked City staff for their assistance and consideration on this matter. He stated that they City Council / December 8, 2020 Page 10 of 17