01-11-95 Council Minutes - Laserfiche WebLink

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MINUTES CITY COiTNCIL JANUARY 11, 1995 sac is put in, is the intent to allow Mr. Tima to proceed with his lot split as well as vacate the Jackson Street right-of-way. Mr. Kajalski stated that this is not want Mr. Tima wants. Fahey indicated that in 1986 the discussion was that the right-of-way would be vacated if the cul-de-sacs were improved. Once access is provided for Mr. Tima's lots, there is no need for the street right-of-way. Kajalski reported that Mr. Tima was concerned that the size of the cul-de-sac would be so large that he would not have enough property left to get two lots. If Mr. Tima can get two lots, the cul-de-sac is a viable option. Fahey stated that the Council is interested to know Mr. Tima's feeling on a 40 foot versus 50 foot right-of-way for Jackson Street. Kajalski asked if a tear-shaped cul-de-sac was an option. The Administrator replied that any option is open for consideration. The Administrator reported that he has tried to qive the Council enough information to generate discussion, however, every option has not been laid out. Again, the Administrator reported that he would put cost estimates together on a per parcel basis for consideration by the Council on January 25th. REVISED The City Administrator reported that at the last BONDING Council meeting a resolution for a$565,000 bond issue RESOLUTION to finance 1995 improvements was adopted. Due to revised estimates, the Administrator recommended that the bond issue be reduced to $485,000. The Administrator reported that typically the bond sale would not be called for until after projects are under construction. However, due to the uncertainty of interest rates, the Fiscal Advisor is recommending the sale take place at the next Council meeting to take advantage of the current bond market. This will also save costs for the property owners who will ultimately be assessed. Mrs. Scalze introduced the following resolution and moved its adoption: 14