HomeMy WebLinkAboutCCMin_99May26CITY OF FALCON HEIGHTS
REGULAR CITY COUNCIL MEETING
MINUTES OF MAY 26, 1999
The meeting was called to order at 7:00 P.M. by Mayor Gehrz.
PRESENT: Gehrz, Gibson Talbot, Hustad, Jacobs, Kuettel, Administrator
Hoyt
COMMUNITY FORUM:
There was no one wishing to take advantage of the community forum.
MINUTES OF MAY 12, 1999
Minutes were approved by unanimous consent.
• PRESENTATION:
Mayor Gehrz recognized Ms. Katie Jo Kuhens, 1747 Holton Street, for
achieving the Girl Scout Silver Award and Ms. Molly St. George of 1660
Maple Knoll for achieving the Girl Scout Gold Award. Mayor Gehrz also
recognized Mr. Jason Ciernia for achieving the Gavel Club Youth Leadership
Award.
CONSENT AGENDA:
Councilmember Hustad moved approval of the following consent agenda. The
motion passed unanimously.
1. General disbursements and payroll
2. Consideration of hiring Kathy Ciernia as Election Coordinator
POLICY AGENDA:
Consideration of a position statement on future changes on the St. Paul
• cam us.
Page 2
City Council Minutes
May 26,1999
Councilmembers reviewed a draft position statement regarding the city's
land use planning expectations from the University of Minnesota prepared by
consulting planner, John Shardlow, and city administrator, Susan Hoyt.
Councilmember Jacobs moved to adopt the position statement as revised by
the city council for the Mayor to present at the University Community Land
Use Planning Task Force on May 27, 1999. The motion passed unanimously.
Receipt of the 1998 Annual Financial Report.
The city auditor, Jennifer Thienes, of Kern, DeWenter and Viere
summarized the city's 1998 annual financial report. She reported that all
• funds were in excellent status at the end of 1998 except for the city's
rescue fund, which is an enterprise fund that is experiencing a substantial
loss. She said that if the trend in the fund continued, it would likely need to
rely on other city funding sources to operate by the end of 2000.
Councilmember Kuettel moved acceptance of the 1998 annual financial
report. The motion passed unanimously.
Consideration of resolution 99-15 authorizing the issuance and awarding the
sale of the $1,580,000 in general obligation bonds 1999A.
The city's financial consultant, Sharon Klumpp of Springsted, reported on
the sale of $1,580,000 in general obligation bonds that day to finance the
1999 public improvement project in the northeast quadrant. Ms. Klumpp
reviewed the city's Al bond rating from Moody's. She reported that the
interest rate on the bond sale was 4.4089%. Councilmember Talbot moved
resolution 99-15 accepting the issuance and awarding the sale of the bonds.
The motion passed unanimously.
• Page 3
City Council Minutes
May 26,1999
Establish interest rate for the assessments on the 1999 street im rovement
ro 'ect.
City Administrator, Susan Hoyt, explained the city's policy is to charge
interest 2% over the cost of the bond issue to the city to recapture the
financial costs to the city for borrowing money for a rate of 6.4%. She
explained that the city had informed property owners being assessed that
the interest would be 7%. Councilmember Kuettel moved a 6.4% interest on
the assessment rate for the 1999 street improvement project. The motion
passed unanimously.
Update on the results of the 1999 legislative session
• Administrator Hoyt summarized some of the ke oints from
y p the 1999
legislative session including the continuation of levy limits for 2000.
Announcements followed
Mayor Gehrz adjourned the meeting at 8:40 P.M.
Respectfully submitted,
Susan oyt Susan L. Gehrz, Mayor
Recording Secretary