07/12/1999 Council Minutes (2) - Laserfiche WebLink

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• • COUNCIL MINUTES JULY 12,1999 Council Member Lyden moved to direct the current City Administrator to reopen negotiations with Minnegasco and NSP to establish franchise fees. Council Member Bergeson seconded the motion. Motion carried unanimously. Consideration of Request for Neighborhood Block Party, Ellen Court, Dan Tesch - A request has been made to hold a block party the in the cul-de-sac, Ellen Court, on August 7, 1999, starting at 4:00 p.m. and ending at 10:00 p.m. Staff referred to a map showing the location of the proposed party and the signed petition from property owners acknowledging they have been notified of the party. Both the Police Department and the Public Works Streets Department have been given information about the party. The Public Works Department will provide barricades and the applicants are making arrangements to have a police officer and a Centennial Fire Department representative stop by the party. The group will also take advantage of the Lino Lakes Party Wagon. Council Member Lyden moved to approve the application for a block presented. Council Member Dahl seconded the motion. Motion lien Court, as ously. Consideration of Waiving or Not Waiving Monetary Li o lability Per MN Statute 466.04, Dan Tesch - Each year, the City has th : ' • = of mg its monetary limits on tort liability to the extent of the coverage purchase he city has never waived the monetary limits on tort liability. Staff explained the effect of waiving which the statutory municipal tort } _• .,z ap. y are not affected by this decision. monetary limits on tort liability. Claims to The City carries $1,000,0 limit). ility coverage ($1,000,000 per occurrence and annual Council Member Berge :' '' m+ved to approve the recommendation that the City of Lino Lakes does not choose to waiv.`' is monetary limits on tort liability established by Minnesota Statutes 466.04. Council Member Neal seconded the motion. Motion carried unanimously. Consideration of Resolution No. 99 - 49, Authorizing Springsted to Refund Bond Issues - Representatives of Springsted Public Finance Advisors have reviewed the City's outstanding debt and identified three (3) bond issues that could be refinanced to achieve lower interest rates and ultimate tax savings to City taxpayers. The potential savings over the life of the bonds are estimated to be $200,000 after costs of issuances is paid. Council Member Lyden moved to adopt Resolution No. 99 - 49, as presented. Council Member Neal seconded the motion. Motion carried unanimously.