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MINUTES <br />CITY COUNCIL <br />JUNE 27, 1990 <br />$150,000 for that portion of the Country Drive <br />improvement that will be assessed, and $365,000 for the <br />Centre Place public improvements. <br />There was no one from the general public wishing to <br />comment on this matter. <br />The Administrator pointed out that bond payments will <br />be made from funds generated by special assessments and <br />TIF proceeds, and will not be a general obligation of <br />the City regarding speoial tax levies. <br />Upon motion by Blesener, seconded by LaValle, the <br />public hearing was closed. <br />Mr. Blesener introduced the following resolution and <br />moved its adoption: <br />RESOLUTION NO. 90-6-294 - ACCEPTING THE BID OF CRONIN & <br />COMPANY, INC. FOR A NET EFFECTIVE RATE OF 6.74% ON SALE <br />OF $515~000 GENERAL OBLIGATION TAX INCREMENT AND <br />IMPROVEMENT BONDS OF 1990, PROVIDING FOR THEIR ISSUANCE <br />AND PLEDGING FOR THE SECURITY THEREOF TAX INCREMENTS <br />AND SPECIAL ASSESSMENTS <br />The foregoing resolution was duly seconded by LaValle. <br />Ayes (4) Blesener, LaValle, Scalze, Collova. <br />Nays (o). <br />Resolution declared adopted. <br />DUCHARME Council reviewed the application submitted by Gerald <br />PROPERTY and Clara Ducharme for the resubdivision of their <br />DIVISION property located at 720 and 738 East County Road B-2. <br />It was noted that the property has already been divided <br />and the Ducharme's are requesting an adjustment of a <br />lot line. The Planning Commission has recommended <br />approval of the lot line adjustment. <br />Mr. Larry Houk, attorney representing Mrs. Ducharme, <br />reported that Mrs. Ducharme would like the lot line <br />adjustment in order to divide the property into two <br />equally-sized lots. This is proposed as part of Mrs. <br />Ducharme's estate planning. Houk reported that the <br />family will grant the necessary easements as <br />recommended and will work with the City Engineer on <br />this issue. <br />Blesener asked the what the future plans were for the <br />driveway easement through the western parcel. <br />Page 3 <br />