10-08-2018 Council Meeting Minutes

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COUNCIL MINUTES October 8, 2018 APPROVED 45 Consider approval of Sept. 24, 2018 Work Session Minutes 46 Consider approval of Sept. 24, 2018 Council Meeting Minutes 47 Consider approval of September 20, 2018 Minutes 48 (Land Use Workshop) 49 (Council Member Manthey & Rafferty absent) 50 Consider approval of September 10, 2018 Special Session 51 Minutes (budget) 52 Consider approval of Resolution No. 18-131, Authorizing 53 Summary of Ordinance No. 13-18 -54- Consider approval of Resolution 18432, Peddler License 55 for Scott Goertzen of Comcast Cable 56 57 FINANCE DEPARTMENT REPORT 58 Approved Approved Approved Approved Approved Approved 59 2A) Consider Resolution No. 18-130, Providing for the Issuance and Sale of General 60 Obligation Bonds, Series 2018A, in the Proposed Aggregate Principal Amount of $7,169,000, 61 Sarah Cotton — Finance Director Cotton reviewed her written report requesting authorization for the 62 issuance and sale of General Obligation bonds for the LaMotte Street and Utility Improvement 63 Project, the West Shadow Lake Drive Area Street and Utility Improvement Project, and Lake Drive 64 Water Main Project. She noted that the City's financial consultant, Terri Heaton of Springsted, Inc., 65 was present to answer questions. She noted the planned repayment period and debt funding sources 66 for the issuances. 67 Council Member Stoesz asked about the interest rate that will be paid by the City for the bonds as 68 compared to the interest that will be charged to benefited properties. Ms. Heaton noted the interest 69 rate and that it is considered reasonable in recognition of what will be charged to property owners 70 who choose to have a payback period. 71 Council Member Rafferty moved to approve Resolution No. 184 30 as presented. Council Member 72 Maher seconded the motion. Motion carried on a voice vote. 73 74 ADMINISTRATION DEPARTMENT REPORT 75 3A) Consider Approval of Revised Code of Conduct —Administrator Karlson noted the 76 council's review and discussions that have preceded presentation of this updated policy. 77 Mayor Reinert noted the history of the Council's Code of Conduct dating back to 2006; it's 78 appropriate to review the policy occassionally. It's especially important to look at the aspect of social 79 media since that was not in the original policy. 80 Council Member Maher moved to approve Resolution No. 18-22, as presented. Council Member 81 Stoesz seconded the motion. Motion carried on a voice vote. 82 2