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COUNCIL MINUTES AUGUST 25, 1997 <br />Council Member Lyden requested recognition of Elise Tagg, who asked about reference to the <br />bank operating from a temporary building. Mr. Wessel explained that, as is commonly done, a <br />modular unit would be installed across the street from the permanent bank to be occupied by <br />December of 1997. He added that the permanent location should be available for development <br />by Spring of 1998. <br />Council Member Lyden asked what the City was offering in the way of incentives. Mr. Wessel <br />indicated that no incentives are offered; on the contrary, Mr. Milbauer is agreeable to all of the <br />City s initial conditions and criteria. <br />Council Member Bergeson expressed concern over adequate safe deposit box storage. Mr. <br />Milbauer stated that he intends to provide sufficient safe deposit box storage to meet the <br />community s needs. <br />Council Member Kuether moved to approve FIRST READING, Ordinance No. 24 - 97, as <br />presented. Council Member Bergeson seconded the motion. Motion carried. Council Member <br />Neal was absent. <br />Council Member Kuether moved to approve the purchase agreement between the City of Lino <br />Lakes and Lino Lakes Banc Shares, Inc. Council Member Bergeson seconded the motion. <br />Motion carried. Council Member Neal was absent. <br />CITY ENGINEER S REPORT., DAVID AHRENS <br />Consideration of Resolution No. 97 - 97, Accept Bids and Award Construction Contract, <br />1997 Wear Course and Trail Paving - Mr. Ahrens stated that on July 28, 1997, Council <br />approved plans and specifications for the placement of asphalt wear course on various streets in <br />the City. Also, plans and specifications for trail paving were approved by Council. Pursuant to <br />advertisement for bids the City opened four bids on Thursday, August 21, 1997, represented <br />below: <br />Company <br />Expert Asphalt, Inc. <br />Midwest Asphalt, Inc. <br />Ashbach Construction, Inc. <br />Barber Construction, Inc. <br />Engineer s estimate <br />Bid Amount <br />$185,665.25 <br />$218,908.05 <br />$221,863.60 <br />$280,854.00 <br />$178,293.00 <br />Expert Asphalt, Inc., who submitted the lowest bid, is a reputable contractor capable of <br />performing the necessary work. The low bid amount is 4% higher than the Engineer s estimate. <br />This could be a result of the timing of the bid request. <br />72 <br />