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1 COUNCIL MINUTES May 28, 2013 <br />APPROVED <br />90 The mayor thanked city staff for their good work throughout 2012 and in assisting the auditors with <br />191 the report. He also thanked Finance Director Rolek for a job well done. He asked that council <br />92 members feel free to contact staff with any questions about the audit. <br />93 <br />94 Council Member Roeser moved to accept the 2012 Audit Report as presented. Council Member <br />95 O'Donnell seconded the motion. Motion carried on a unanimous voice vote. <br />96 <br />97 Item 2B, Resolution No. 13 -68, Issuance and Sale of Approximately $615,000 Taxable General <br />98 Obligation Improvement Bonds, Series 2013A — Terri Heaton of Springsted, Inc. the city's <br />99 financial consultant, explained that they are recommending the sale of the bonds on June 24, 2013. <br />100 She noted the anticipated interest rate of approximately 2.35 %, a good rate for taxable bond. The city <br />101 receives that rate because of its very good credit rating. <br />102 <br />103 Council Member Roeser moved to approve Resolution No. 13 -68 as presented. Council Member <br />104 Rafferty seconded the motion. Motion carried on a unanimous voice vote. <br />105 <br />106 ADMINISTRATION DEPARTMENT REPORT <br />107 <br />108 There was no report from the Administration Department. <br />109 <br />110 PUBLIC SAFETY DEPARTMENT REPORT <br />111 <br />112 There was no report from the Public Safety Department. <br />113 <br />114 PUBLIC SERVICES DEPARTMENT REPORT <br />115 <br />116 There was no report from the Public Services Department. <br />117 <br />118 COMMUNITY DEVELOPMENT DEPARTMENT REPORT <br />119 <br />120 Item 6A, Resolution No. 13 -58, Approving a Development Agreement for Preserve at Lino <br />121 Lakes — City Planner Larsen noted that the Preserve at Lino Lakes project is a 31 -unit residential <br />122 subdivision. The council approved the final plat/final plan at the last council meeting. She is <br />123 presenting a proposed development agreement for the project. There are a couple of things that the <br />124 developer has added to the agreement and therefore she'd ask that the council approve it contingent <br />125 upon final review by staff and the city attorney. <br />126 <br />127 Council Member O'Donnell moved to approve Resolution No. 13 -58, contingent upon fmal review <br />128 by the city attorney and staff. Council Member Roeser seconded the motion. Motion carried on a <br />129 unanimous voice vote. <br />130 <br />131 Item 6B, Resolution No. 13 -60, Approving a Development Agreement for Main Street Shoppes - <br />132 City Planner Larsen explained that this commercial development on the northeast quadrant of 1-35E <br />133 and Main Street received fmal plat approval at the last council meeting. The development agreement <br />1 134 presented contains the city's standard language and requirements. <br />3 <br />