09-24-2012 Council Minutes - Laserfiche WebLink

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COUNCIL MINUTES September 24,2012 APPROVED 46 CONSENT AGENDA 17 48 Council Member Roeser moved to approve the Consent Agenda, Items I A through 1C, as presented. 49 Council Member Rafferty seconded the motion. Motion carried on a unanimous voice vote. 50 51 ITEM ACTION 52 53 Consideration of Expenditures: 54 55 September 24, 2012 (Check No. 94130- 56 94223, $346,661.03) Approved 57 58 Centennial Fire District (Check No. 5481 - 59 5507, $42,566.52 and Check No. 201300, $1,256.46) Approved 60 61 September 4, 2012 Council Work Session 62 Minutes Approved 63 64 September 10, 2012 City Council Meeting 65 Minutes Approved 66 67 FINANCE DEPARTMENT REPORT 68 �--69 2A) Resolution No. 12-99, Issuance and Sale of approximately $2,030,000 General Obligation 70 Bonds, Series 2012A—Finance Director Rolek explained that the bonds being requested will finance 71 the referendum approved signal improvement projects as well as refunding of an outstanding bond, 72 the 2003A bond. The refunding will save the city about $32,000. The council has received a 73 positive recommendation from the city's financial advisor, Springsted, for this bond sale. Mayor 74 Reinert noted that the signal projects were approved by the citizens, the amount of the project has 75 come in under budget and now the financing is very reasonable. 76 77 Council Member O'Donnell moved to approve Resolution No. 12-99 as presented. Council Member 78 Roeser seconded the motion. Motion carried on unanimous voice vote. 79 80 ADMINISTRATION DEPARTMENT REPORT 81 82 There was no report from the Administration Department. 83 84 PUBLIC SAFETY DEPARTMENT REPORT 85 86 There was no report from the Public Safety Department. 87 88 PUBLIC SERVICES DEPARTMENT REPORT 89 90 There was no report from the Public Services Department. 2