01/12/1970 Council Minutes - Laserfiche WebLink

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6 Mr. Cardinal had no report, but stated that he would like to see a letter written to Mr. Stanley for his work on the P&Z. Mr. L'Allier felt that letters should also be sent to the members of the Personnel Commission; that they have done a considerable amount of work such as on the grader. A letter should also be sent to Al Thiltgen who was on the Park Board. The next P&Z will be on January 21. Mr. L'Allier asked Mr. Ron Langness of Springsted, Inc. for his report on the pro- posed forthcoming bond sale. Mr. Langness stated that the market has been improving since the holidays, he thought we could sell the bonds now if we offered them in January. He discussed various aspects of the current trends and passed around copies of a letter and the schedule of bond payments. The issue has been shortened to 12 years with only the first two years calling $5,000 bonds and the rest $10,000. The issue would be paid up in 1982. There was considerable discussion, with W. Langness noting that no real improvement could be expected before 6 months, that the municipal bond market is the last to change. Mr. Langness stated that he had been presumptuous and had sent the copy to the publishers with the right to cancel. It would be pub- lished on the 17th and the sale could not be held for 10 days following that. There would be little difference in the interest bid, we would just be trying to get a bid. Mr. L'Allier stated that if we go ahead on this we should stipulate that we be authorized to negotiate a sale if no bids are received. This would have to be done within two weeks and no changes could be made in the terms as bid. Mr. Langness stated that it was too late to negotiate from the last sale. After further discussion, Mr. Rosengren moved to advertize for bids and authorize the sale of the bonds on the 29th of January at 7 p.m. with the stipulation that if the bonds are not sold that we pursue another avenue by trying to sell them within this area or negotiating a sale, and that we adopt the resolutions necessary for this sale. Seconded by Mr. Cardinal. Carried unanimously. Mr. Langness stated that they would get the necessary publications to the Forest Lake III Times the following afternoon. Mr. L'Allier asked for reports on the Jandric preliminary plat - -Lakes Addition No. 2. A letter from Mr. Gotwald was read. Mr. Gotwald felt that the plat was okay except for drainage in low spots. He stated that several lots were platted in the swamp area, He read the Ordinance section concerning this. He said that Jandric intends; to fill these low lots but that we should have something on record. Soil reports would be necessary. Mr. L'Allier stated that we could have the Clerk or other official ask them to make the changes.` Mr. Gotwald noted that 6' of fill would be necessary and that the lots would have to settle from 12 -18 months. If the peat were excavated and dirt compacted, then tests would be necessary before the plat is accepted. He had no comment on the proposed rezoning but had a copy of a letter written to the P&Z by Mr. Van Housen. Mr. GotwaId felt there were no advantage to excluding the outlots from the plat. Mr. Cardinal asked for copies of Mr. Gotwald's letter be sent to the P&Z. Mr. Gotwald will send copies to the P&Z and the Council. The Clerk was asked to make copies of the Van Housen letter for the Council. Mr. Langness stated that he had no other comments than the previously stated Springsted policy that they felt that the Village should not get into the financing of private developers. W. Jaworski noted-that-there had been some question about the park dedication on this plat. He asked if the 10% would be only of the platted lots and not the golf course. Mr. Locher felt that the golf course and outlots would be part of the plat and not excluded. Only the roads are excluded. Mr. Gotwald mentioned a recent