CCMin_84Nov28 - Laserfiche WebLink

Home Browse Search

MINUTES REGULAR CITY COUNCIL MEETING NOVEMBER 28, 1984 PAGE 2 RESOLUTION 84-42 A RESOLUTION REGARDING PROPOSED STORM WATER. DRAINAGE IMPROVEMENTS IN THE UNIVERSITY GROVE AREA AND RESCONDING RESOLUTION 84-40 Mayor Eggert moved, seconded by Councilmember Baldwin, that Payment No. 2 be made to Hayes Contractors, Inc. in the amount of $5,773.91 for the Larpenteur Avenue Watermain Project. Motion carried unanimously. Clerk Administrator Barnes presented a request from the University of Minnesota (letter dated November 9, 1984) requesting the refund of $7,300.00 sanitary sewer charges. Mr. Barnes explained that in an agreement with the University, Falcon Heights agreed to give credit for evaporation in their cooling towers if the towers were metered, and the meters kept in working order at all times. The University had been warned that the meters were not operating properly, but did not repair them. Mr. Barnes was not in favor of refunding the amount requested. Following a discussion, the Engineer was directed to contact Metropolitan Waste Control Commission regarding the method used for charging the University. The matter will be discussed furthEr <~t t~.he December 12 meeting, and Mr. Barnes will inform the University that the matter has been delayed. ~.1 RESOLUTION 84-42 PAYMENT N0. 2 MADE TO HAYES CONT- RACTORS, INC. REQUEST FROM UNIVERSITY OF MN FOR SEWER CREDIT DEFERRED TO 12/12/84 Attorney Van de North explained that he had done research on the refunding INTEREST ON of interest paid by the residents outside the Albert/Pascal re-assessment area.TAX PAYMENTS Property owners who allowed the assessment to go on the tax rolls have in- TO BE REFUND- curred interest costs and he has determined that this amount should be re- ED ALBERT/ refunded in addition to the principal payment. Following a short discussion, PASCAL Mayor Eggert moved, seconded by Councilmember Hard, that the interest payments be refunded as recommended by the City Attorney. Motion carried unanimously. Mayor Eggert explained that even though Bradford Schools has not requested TIF FOR Tax Increment Financing for the proposed project, the City could still place BRADFORD the project in a financing district and obtain the extra funds. These funds SCHOOLS could be used to assist in paying off the bonds (could be paid off 2-1/2 years DISCUSSED early, thus saving interest), possibly to defray costs if the storm sewer is desired on Lindig St., or perhaps to assist in the purchase of afire truck. Attorney Ippel explained that there might be two possible methods by which the City could use the funds for afire truck, (1) if the City determines the project is of such a size or height that the additional truck is deemed necessary, or (2) if bonds were to be issued for the truck, and the use of the tax increment funds for that purpose is in the agreement with the developer. Councilmember Ciernia asked which would be more beneficial to the City, to allow Bradford Schools to go on the tax roll or tax increment financing. Fiscal Consultant Chenoweth explained that it would give more backing to the bonds, the bonds could be paid off at an earlier date. He also was of the opinion that if the funds were generated, they should be used for a project.