HomeMy WebLinkAboutCCMin_96Nov13CITY OF FALCON HEIGHTS
REGULAR CITY COUNCIL MEETING
MINUTES OF NOVEMBER 13, 1996 ~ ~ ~
1
Mayor Gehrz convened the meeting at 7:00 p.m.
PRESENT
Gehrz, Gibson Talbot, Hustad, Jacobs, and Kuettel. Also present were Hoyt and
Asleson.
CONSENT AGENDA APPROVED
Motion was made by Councilmember Gibson Talbot to approve the following consent
agenda. Motion passed unanimously.
1. Disbursements
2. Licenses
3. Schedule of pubic hearing on delinquent utility payments
4. Request to authorize an agreement for full disclosure services with Springsted
Public Finance Advisors
POLICY AGENDA
CONSIDERATION OF RESOLUTION 96-20, AUTHORIZING THE AWARD AND
PAYMENT OF 51,645,000 GENERAL OBLIGATION BONDS, SERIES 1996A
Bob Thistle, Springsted Public Finance Advisors, presented the eight bids received for
the Larpenteur Avenue bond sale and reported that the lowest bid received was from
FBS Investment Services, at 5.0304%. The city's Al credit rating had previously been
confirmed by Moody's. Thistle further reported that his firm had reviewed the tax
increment projections done by Casserly and Molzahn and had confirmed that the city's
Tax Increment funds would cover the costs of this bond issue.
Motion was made by Councilmember Jacobs to approve Resolution 96-20. Motion
passed unanimously.
ADJOURNMENT
The meeting adjourned to a workshop at 7:12 p.m. At the workshop, the council
discussed proposed cooperative use of Community Park, received an update on EMS
services, and discussed several request for 1997 donations.
Carla Asleson
Recording Secretary
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Susan L. Gehrz, Mayor