01/06/1992 Council Minutes - Laserfiche WebLink

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SPECIAL COUNCIL MEETING JANUARY 6, 1992 CONSIDERATION OF A REOUEST FOR EXECUTION OF EARLY CALL PROCEDURES ON THE 1986 IMPROVEMENT BONDS Mr, Schumacher explained that the 1986 Improvement Bond fund has a cash balance of $150,000.00. The principal owning on the bonds is only $90,000.00. Resolution No. 92 - 02 has been prepared and will allow these bonds to be paid and transfer the balance to the Closed Bond Fund. This action will save the City approximately $15,750.00 in interest charges. Approximately another $50,000.00 in assessments will be collected until 1996 and these funds will also be posted to the Closed Bond Fund. Mr. David MacGillivray, fiscal consultant at Springsted, Inc. recommends that the Council approve Resolution No. 92 - 02. He noted that the fewer bonds the City has outstanding, the better the City appears to Moody's. This also frees cash that can be used for the Surface Water Management Plan. Council Member Kuether moved to adopt Resolution No. 92 - 02. Council Member Neal seconded the motion. Motion carried unanimously. Resolution No. 92 SET PUBLIC HEARING ESTATE FOR JANUARY - 02 can be found at the end of these minutes. FOR VACATION OF STREET EASEMENT ON ALCOCK 27, 1992, 7:30 P.M., RESOLUTION NO. 92 - 01 Council Member Neal moved to adopt Resolution No. 92 - 01 setting the public hearing. Council Member Elliott seconded the motion. Motion carried with Council Member Kuether abstaining. Resolution No. 92 - 01 can be found at the end of these minutes. MAYOR REINERT'S COMMENTS Mayor Reinert asked to share his thoughts regarding some of the issues that will be facing the Council during 1992. He asked for input from the Council Members and asked that they support the direction that he will be proposing. Mayor Reinert noted that during the past two (2) years or more, the City has experienced a tremendous amount of growth. New developments have been "popping" up everywhere and he asked if the citizens have wondered how these developments have gotten where they are. He explained that the Council has been asked to consider variances, land use changes and zoning changes and these changes many times affect the immediate community (neighborhood) and the City as a whole. Mayor Reinert explained that the Comprehensive Land Use Plan should serve as a guide to development, however, altering this plan on a continuing bases throws things out of "kilter ". Controversy arises and Mayor Reinert felt it was not fair to the residents, the developers, the citizen boards and the staff. PAGE 6