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City Council Minutes October 9, 1996 Page 2 ~~~ Administrator Hoyt noted that she would direct the issue of a white line street marker to the engineer to see if this was a permitted street marking. The police have been notified of the problem with the stop sign violations and are attempting to provide more patrol of the area. Hoyt also noted for the viewing audience that the city had received requests for stop signs at Hamline and Garden, just east of Falcon Heights School. This request will be handled by Ramsey County. The council thanked the residents for their input and directed staff to investigate the city's legal options and costs of installation. CONSIDERATION OF A RESOLUTION CALLING FOR THE SALE OF $1,645,000 OF GENERAL OBLIGATION BONDS FOR THE LARPENTEUR AVENUE RECONSTRUCTION AND STREETSCAPE PROJECT Administrator Hoyt reported that the proposed bond issue would finance all city costs for the Larpenteur Avenue streetscape and street reconstruction activities in the next three years. Bob Thistle, representing Springsted, Inc, outlined the bonding process and explained that the proposed resolution would authorize his company to solicit offers for the sale of bonds on behalf of the city. The funds to pay back the bonds will come from TIF district revenue. Based upon current cash flow, there will be enough revenue from these districts to cover the bond payments. Mayor Gehrz asked if there was any looming TIF legislation that might affect the bond sale. Thistle noted that the legislation may change in 1997 and the uses of TIF funds might be restricted. It is unlikely, however, that legislation would be applied retroactively. Motion was made by Councilmember Jacobs to approve Resolution 96-16, authorizing the solicitation of offers for the S 1,645,000 general obligation tax increment bonds, series 1996A. Motion passed unanimously. CITY INFORMATION AND ANNOUNCEMENTS Mayor Gehrz reported that she'd distributed Falcon Heights' goals at the Minnesota Mayors Conference, as other cities were interested in the goal setting process. She also reported that Falcon Heights' tobacco ordinance had been featured on Norwegian Public Television as a model for preventing youth access to tobacco. Finally, she thanked St. Paul Dispatch for the tour that the council had taken of St. Paul's emergency dispatch center. Councilmember Kuettel reminded the viewing audience that the city has a scavenging ordinance and therefore it is against code to take materials from other people's recycling bins. A call to the police with a license plate number would be appropriate if this happens to a resident.