05-10-2021 Council Meeting Minutes

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COUNCIL MINUTES APPROVED 41 would be used to finance the 2021 Street Reconstruction Project,as approved by the council. She 42 introduced the City's financial advisor Terri Heaton, Baker Tilly,to review the bond issuance 43 details. 44 Ms. Heaton reviewed the request,the amount, and the purpose. The sale would occur on June 14, 45 2021 and the results would be provided to the City that evening. The bonds are a ten year fund, 46 payments are about 194,000 annually for repayment. The interest is 1.35%(at this time); a low bid 47 on the date of the sale actually determines the rate. They did look at other issuances to consider 48 refunding and are holding off based on the possibility of impacting legislation. The bond rating is 49 AA+ although there will be another rating of the bonds through this process. 50 Mayor Rafferty remarked that the council has supported moving the street projects forward and is 51 looking for the best possible rate to fund the work. 52 Councilmember Stoesz asked if rates change, can the bidder change anything? Ms. Heaton said 53 typically there are multiple bids,there is a council acceptance proces and there is normally no 54 change. 55 The council discussed the City's credit rating and possibilites for improvement or of being 56 downgraded. Ms. Heaton explained that she doesn't anticipate a change at this time. 57 Councilmember Stoesz moved to approve Resolution No. 20-43 as presented. Councilmember 58 Ruhland seconded the motion. Motion carried on a voice vote. 59 ADMINISTRATION DEPARTMENT REPORT 60 3A) Consider Appointment of Police Officer—Public Safety Director Swenso reviewed the 61 written recommendation to hire Daniel Swenson to an open police officer position viith the City. If 62 hired, he would begin on June 1, 2021. Mr. Swenson noted Candidate Swenson's experience and 63 the recommendation to start him at salary Step 4. 1 64 Councilmember Lyden moved to approve the appointment of Daniel Swenson as re ommended. 65 Councilmember Stoesz seconded the motion. Motion carried on a voice vote. 66 PUBLIC SAFETY DEPARTMENT REPORT 67 4A) Consider Converting Seized Property to City Property for City Use—P blic Safety 68 Director Swenson explained that the staff report denotes the items they are proposi4 to convert. 69 All items have gone through the statutory requirements for converting seized prope 70 Councilmember Cavegn moved to approve the conversion of property as recommen ed by staff. 71 Councilmember Ruhland seconded the motion. Motion carried on a voice vote. 72 4B) Consider Donation of Seized Property—Public Safety Director Swenson explained that 73 staff is requesting authority to donate certain seized property. In the past the department has 74 utilized a service and it has not been the best result. In lieu they recommend that these items be 75 donated to Family Pathways, a non-profit,to be sold in their thrift store. 76 Councilmember Stoesz discussed the possibility of storing some items off site but Director Swenson 77 explained why that would not work(chain of custody issues). 78 Councilmember Ruhland moved to approve the donation of property as recommend d by staff. 79 Councilmember Lyden seconded the motion. Motion carried on a voice vote. 80 PUBLIC SERVICES DEPARTMENT REPORT 2