11/25/1985 Council Minutes - Laserfiche WebLink

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1 0207 COUNCIL MEETING November 25, 1985 Page Seventeen Mr. Schumacher told the Council the City has received the proceeds from the $1,800,000 bond sale for construction of sewer and water in the Rice Lake Estates area. Payments will be made to the con- tractors on this project for the next year to year and one half. He asked for Council authorization to invest these funds in some longer term funds such FNMA -ARMS as well as Federal Farm Credits. These are federally backed and are legitimate municipal invest- ments and offer better rates than Certificates of Deposits. Mr. Marier moved to approve long term investments of six months to two years in FNMA -ARMS and Federal Farm Credits. Mr. Reinert seconded the motion. Motion carried unanimously. Annual Appointments - Mayor Benson asked the staff to prepare a list of annual appointments that will be made for 1986. He asked for the input from the Council as to what committees they would like to serve on in the upcoming year. He also asked Mr. Bisel to let him know where he would like to serve. Mayor Benson has received a letter from Ms. Holly Hunt regarding a shotgun incident and asked that it be forwarded to the Chief of Police for follow -up and he should report back to the Council on this matter. I The City has received a letter from the Centennial School District expressing appreciation for the $1,000 contribution to the Summer Recreation Program. Mayor Benson suggested since Mr. Kulaszewicz is going off the Council asking him if he would like a social hour before a Council meeting or an open house. Mr. 'Schumacher will follow -up on this. Mr. Reinert asked if the Suburban Chamber of Commerce has changed their approach to having someone from the Councils sit in on their meetings. He is the Council Liaison to this organization but has not received notices for some time. Mr. Schumacher said they do not send notices. Mr. Schumacher will check this situation. Mr. Marier referred to an editorial in one of the local newspapers written by Harvey Karth where he stated his concern of the ability of Lino Lakes to move forward. He stated he was the former Mayor of Lino Lakes. Mr. Marier said he would like to bring out that we are not now under the high tax that we were under during his administration, we are some 60 points or places below where he maintained or increased during his tenure. Also during his tenure he had no economic development committee or never thought of it until this Mayor and this Council came up and bestowed upon him the Chairmanship of that committee which he wanted to obsolve a year ago because he could not keep the interest, however, through the Council's encouragement and pursuasion, he has maintained meet- ings at least once a month. At this time, this Council has brought forth this City further than any other Council in the past fifteen