HomeMy WebLinkAboutCCMin_92Dec91.V~
MINUTES
REGULAR CITY COUNCIL MEETING
DECEMBER 9, 1992
Baldwin convened the meeting at 7:00 p.m.
ALL MEMBERS PRESENT
Baldwiln, Ciernia, Gehrz, Gibson Talbot and Jacobs. Also present
were Chenoweth, Hoyt and Kelly.
APPROVAL OF MINUTES OF 11/25/92
Council approved the Minutes of November 25, 1992 by unanimous
consent.
ADDENDA TO AGENDA
Council approved the following additions to the agenda: Consent
Agenda: Item C-3, End-of-the Year Tax Increment Fund Changes,
and Policy Agenda: Item P-3, Proposed Resolution calling for a
Public Hearing on the Issuance of G.O. TIF Refunding Bonds.
CONSENT AGENDA APPROVED
Council approved the following Consent Agenda by unanimous
consent:
1. Disbursements
a. General disbursements through 11/30/92, $22,977.74
b. Payroll, 11/15/92 - 11/30/92, $10,220.82
2. Adoption of Resolution R-92-50 Transferring Funds from
the TIF District #1 Pool Fund to the 1985 B TIF Bond
Fund
3. Allocating 25~ of 1993 MSA funds for maintenance and
future road project costs
4. Approval of Capitol City Mutual Aid Association
Agreement
5. Authorizing purchase of 2 electric cord reels from
General Safety Equipment for $1,750 plus tax (for new
fire truck)
6. Licenses: Pizza Hut, Restaurant and On-sale Malt
Liquor, #0997, and Ciatti's, On-Sale Liquor #22, Sunday
Liquor #21, Restaurant and Cigarette, #0998
7. Cancellation of 12/23/92 council meeting
8. Adoption of Resolution R-92-51 Transferring and
Establishing TIF Fund Accounts
APPROVAL OF CONTRACT WITH LAUDERDALE FOR FINANCIAL SERVICES
Hoyt explained that Lauderdale is interested in purchasing
financial advisory and investment services from
]. s ~3
MINUTES
DECEMBER 9, 1992
PAGE 2
Falcon Heights and the proposed contract would provide for those
services. Following a brief discussion Gehrz moved approval of
the contract with Lauderdale. Motion carried unanimously.
PROPOSED RESOLUTION CALLING FOR A PUBLIC HEARING ON THE ISSUANCE
OF G.O. TIF REFUNDING BONDS
Hoyt informed council that it now seems advantageous to consider
refunding some of the city's outstanding bonds and in order to do
so it is necessary to schedule a public hearing. After a brief
discussion council, by unanimous consent, adopted Resolution R-
92-52 calling for the hearing for January 13, 1993.
RESOLUTION R-92-52
RESOLUTION CALLING FOR A PUBLIC HEARING
ON THE ISSUANCE OF GENERAL OBLIGATION
TAX INCREMENT REFUNDING BONDS
WORKSHOP SCHEDULED FOR 1/6/93 AT 7:00 P.M.
Council scheduled a workshop for January 6, 1993 at 7:00 p.m. to
discuss the refunding procedure.
7:19 P.M. HEARING ON 1993 BUDGET
Baldwin opened the public hearing at 7:19 p.m. Hoyt explained
the budget preparation process, the anticipated expenditures,
sources of revenue, and the taxing procedure. Kelly explained
the general fund portion of the budget.
There being no one in attendance wishing to be heard, Baldwin
closed the hearing at 7:47 p.m.
PROPOSED RESOLUTION R-92-53 ADOPTING THE 1993 BUDGET
Gibson Talbot moved adoption of Resolution R-92-53 which carried
unanimously.
RESOLUTION R-92-53
A RESOLUTION ADOPTING THE 1993 BUDGET
AND CERTIFYING THE 1993 TAX LEVY
INFORMATIONAL ITEMS NOTED
1. Solid Waste Commission Minutes of 11/05/92
2. Human Rights Commission Minutes of 11/19/92
~. V ~a
MINUTES
DECEMBER 9, 1992
PAGE 3
ADJOURNMENT
The meeting was adjourned at 7:52 p.m.
~~~ ~.~
Tom Baldwin, Mayor
ATTEST:
j ~ ~~
Shirley C17!enoweth, City Clerk
1