06-10-13 Council Packet - Laserfiche WebLink

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COUNCIL MINUTES May 28, 2013 DRAFT 3 The mayor thanked city staff for their good work throughout 2012 and in a ssisting the auditors with 90 the report. He also thanked Finance Direc tor Rolek for a job well done. He asked that council 91 members feel free to contact staff with any questions about the audit. 92 93 Council Member Roeser moved to accept the 2012 Audit Report as presented. Council Member 94 O’Donnell seconded the motion. Motion c arried on a unanimous voice vote. 95 96 Item 2B, Resolution No. 13 -68 , Issuance and Sale of Approximately $615,000 Taxable General 97 Obligation Improvement Bonds, Series 2013A – Terri Heaton of Springsted, Inc. the city’s 98 financial consultant, explained that they are recommending the sale of the bonds on June 24, 2013. 99 She noted the anticipated interest rate of approximately 2.35%, a g ood rate for taxable bond. T he city 100 receives that rate because of its very good credit rating. 101 102 Council Member Roeser moved to approve Resolution No. 13 -68 as presented. Council Member 103 Rafferty seconded the motion. Motion carried on a unanimous voice vote. 104 105 ADMINISTRATION DEPARTMENT REPORT 106 107 There was no report from the Administration Department. 108 109 PUBLIC SAFETY DEPARTMENT REPORT 110 111 There was no report from the Public Safety Department. 112 113 PUBLIC SERVICES DEPARTMENT REPORT 114 115 There was no report from the Public Services Department. 116 117 COMMUNITY DEVELOPMENT DEPARTMENT REPORT 118 119 Item 6A, Resolution No. 13 -58, Approving a Development Agreement for Preserve at Lino 120 Lakes – City Planner Larsen noted that the Preserve at Lino Lakes project is a 31 -unit residential 121 subdivision. The council approved the final plat/final plan at the last council meeting. She is 122 presenting a proposed development agre ement for the project. There are a couple of things that the 123 developer has added to the agreement and therefore she’d ask that the council approve it contingent 124 upon final review by staff and the city attorney. 125 126 Council Member O’Donnell moved to approve R esolution No. 13 -58, contingent upon final review 127 by the city attorney and staff. Council Member Roeser seconded the motion. Motion carried on a 128 unanimous voice vote. 129 130 Item 6B, Resolution No. 13 -60, Approving a Development Agreement for Main Street Shopp es – 131 City Planner Larsen explained that this commercial development on the northeast quadrant of I -35E 132 and Main Street received final plat approval at the last council meeting. The development agreement 133 presented contains the city’s standard language and requirements. 134