01/14/2002 Council Minutes - Laserfiche WebLink

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COUNCIL MINUTES ITEM ACTION A. DISBURSEMENTS: January 14, 2002 (Check No. 63917 — 64076, $571,362.16) ii) Centennial Fire District (Check No. 12994 — 13023 $11,327.21) iii) Charitable Gambling License Renewal — VFW Post 6583 Approved Approved Approved B. CONSIDERATION OF EASEMENT AGREEMEN SCHUT'S, Rick DeGardner, Public Services Director DeGar has drafted the proposed Easement Agreement. This agenda ite Clerk to execute the Easement Agreement as required by th OPEN MIKE JANUARY 14, 2002 ROM THE CITY TO THE wised City Attorney Hawkins zes the Mayor and City tipulation of Settlement. Mayor Bergeson read a proclamation, declaring J. 21;002 as Dr. Martin Luther King, Jr. Day in the City of Lino Lakes. There was no one present for open mike. FINANCE DEPARTMENT REPOR CLEK Consideration of Resolution No. Indebtedness, Al Rolek — Finance Certificates of Indebtedness capital equipment as part of t ing the Issuance of 2002 Certificates of ek advised the 2002 budget called for the issuance of $140,000 at 6% interest to be used for the purchase of equipment replacement program. Finance Director Rolek indicate he Area and Unit Fund has sufficient reserves to issue a loan to finance these purchases. A Special Levy will pay for this certificate in 2003, 2004 and 2005 and the levy proceeds will be credited to the Area and Unit Fund. Finance Director Rolek advised staff recommends that the City Council adopt Resolution No. 02-02, Authorizing the issuance of the 2002 Certificates of Indebtedness. Councilmember Reinert moved to adopt Resolution No. 02-02, Authorizing the Issuance of 2002 Certificates of Indebtedness. Councilmember Dahl seconded the motion. Motion carried unanimously. Resolution No. 02-02 can be found in the City Clerk's office. 2