10-24-90 Council Minutes - Laserfiche WebLink

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MINUTES CITY COUNCIL OCTOBER 24, 1990 The foregoing resolution was duly seconded by Scalze. Ayes (5) Blesener, Scalze, Collova, Fahey, LaValle. Nays (0). Resolution declared adopted. KANDICE Fahey pointed out that the City Administrator is HEIGHTS TIF recommending that the City fund Kandice Heights I tax COSTS increment costs internally resulting in a savings to the City. This recommendation is outlined in the Administrator's memo dated October 19, 1990. The Administrator pointed out that the savings would be achieved by avoiding issuance costs as well as higher return on City investments than we are presently able to earn. Mrs. Scalze introduced the following resolution and moved its adoption: RESOLUTION N0. 90-10-496 - PROVIDING FOR THE ISSUANCE, SALE AND PURCHASE OF $265,000 OF GENERAL OBLIGATION TAX INCREMENT BONDS OF 1990 The foregoing resolution was duly seconded by LaValle. Ayes (5) Scalze, LaValle, Collova, Blesener, Fahey. Nays (0). Resolution declared adopted. JESPERSEN Mr. LaValle introduced the following resolution and PAY REQUEST moved its adoption: RESOLUTION NO. 90-10-497 - APPROVING PAYMENT TO JESPERSEN HOME BUILDERS IN THE AMOUNT OF $5,850.00 FOR HOCKEY RINK CONSTRUCTION WHICH LEAVES 10o RETAINAGE TO BE HELD UNTIL FINAL APPROVAL AND ACCEPTANCE OF THE PROJECT The foregoing resolution was duly seconded by Scalze. Ayes (5) LaValle, Scalze, Collova, Fahey, Blesener. Nays (0). Resolution declared adopted. GREEN VALUE Council reviewed the request of Bill Chapman for a 100 ADDITION day extension of preliminary plat approval for the Green Value Addition. The extension is being requested since the current approval is about to lapse and the developer needs some additional time to work out details before proceeding to final plat. The City Administrator reported that the City Page 20