09-26-2012 Council Minutes - Laserfiche WebLink

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MINUTES CITY COUNCIL SEPTEMBER 26, 2012 interest on that assessment would have been through property taxes over the assessment term. The Administrator stated that, as the Council is aware, the Canabury Square assessment was certified with no option to be paid off due to the taxable rate on the bonds is higher than what we could earn if a payoff was received. The Administrator indicated that Mr. Morrone was hoping to find a way to pay off the assessment, but the Administrator pointed out that there is no incentive for the City in his proposal as any additional interest generated accrues to the benefit of Canabury Square. The Administrator noted that being said, Mr. Morrone notified him that the seller has accepted another offer; therefore, the issue is moot. The Administrator also noted that City staff still stands by the method that the Canabury Square assessment was certified prohibiting early payoff of those assessments. PIONEER The City Administrator reviewed the City Engineer's report dated PARK WEST September 20, 2012 regarding paving repair in the Pioneer Park west PARKING parking lot. The Administrator noted that earlier this year the Council LOT approved a complete drop spread patching of the worst areas in the lot PAVING at an estimated cost of $36,000. However, in a re- examination of the REPAIR lot there are several small areas that require the drop spread patching as well as a large area that requires this patching. While the Public Works crew could do the small areas, the size of the large area requires a paving machine. Therefore, staff is recommending that an outside contractor be utilized for this project. The Administrator reported that three quotes were obtained and the low quote was from FPI Paving in the amount of $7,570 for the large patch and $14,000 if they did the entire lot. The Administrator noted that the City Engineer is recommending acceptance of the FPI Paving quote and authorizing the contractor to do the entire parking lot at a cost not to exceed $14,000. The Administrator noted that this amount is less than the budgeted amount. McGraw introduced the following resolution and moved its adoption: RESOLUTION NO. 2012 -9 -174 — ACCEPTING THE QUOTE OF FPI PAVING FOR PIONEER PARK WEST PARKING LOT PAVING REPAIR AND AUTHORIZING A COMPLETE DROP SPREAD PATCHING OF THE LOT AT A COST NOT TO EXCEED $14,000 The foregoing resolution was duly seconded by Keis. Ayes (4). Nays (0). Resolution declared adopted. 18