10-22-2018 Council Meeting Packet

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COUNCIL MINUTES October 8, 2018 DRAFT 2 44 Consider approval of Sept. 24, 2018 Work Session Minutes Approved 45 Consider approval of Sept. 24, 2018 Council Meeting Minutes Approved 46 Consider approval of September 20, 2018 Minutes 47 (Land Use Workshop) 48 (Council Member Manthey & Rafferty absent) Approved 49 Consider approval of September 10, 2018 Special Session 50 Minutes (budget) Approved 51 Consider approval of Resolution No. 18-131, Authorizing 52 Summary of Ordinance No. 13-18 Approved 53 Consider approval of Resolution 18-132, Peddler License 54 for Scott Goertzen of Comcast Cable Approved 55 56 FINANCE DEPARTMENT REPORT 57 58 2A) Consider Resolution No. 18-130, Providing for the Issuance and Sale of General 59 Obligation Bonds, Series 2018A, in the Proposed Aggregate Principal Amount of $7,169,000, 60 Sarah Cotton – Finance Director Cotton reviewed her written report requesting authorization for the 61 issuance and sale of General Obligation bonds for the LaMotte Street and Utility Improvement 62 Project, the West Shadow Lake Drive Area Street and Utility Improvement Project, and Lake Drive 63 Water Main Project. She noted that the City’s financial consultant, Terri Heaton of Springsted, Inc., 64 was present to answer questions. She noted the planned repayment period and debt funding sources 65 for the issuances. 66 Council Member Stoesz asked about the interest rate that will be paid by the City for the bonds as 67 compared to the interest that will be charged to benefited properties. Ms. Heaton noted the interest 68 rate and that it is considered reasonable in recognition of what will be charged to property owners who 69 choose to have a payback period. 70 Council Member Rafferty moved to approve Resolution No. 18-130 as presented. Council Member 71 Maher seconded the motion. Motion carried on a voice vote. 72 73 ADMINISTRATION DEPARTMENT REPORT 74 3A) Consider Approval of Revised Code of Conduct – Administrator Karlson noted the council’s 75 review and discussions that have preceded presentation of this updated policy. 76 Mayor Reinert noted the history of the Council’s Code of Conduct dating back to 2006; it’s 77 appropriate to review the policy occassionally. It’s especially important to look at the aspect of social 78 media since that was not in the original policy. 79 Council Member Maher moved to approve Resolution No. 18-22, as presented. Council Member 80 Stoesz seconded the motion. Motion carried on a voice vote. 81 82