06/24/2002 Council Minutes - Laserfiche WebLink

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COUNCIL MINUTES JUNE 24, 2002 D. Consider Resolution No. 02-68, Approving Off -Sale 3.2 Beer License for SuperTarget, Lino Lakes Village OPEN MIKE Don Anderson, 7313 Deer Pass Road, Centerville, stated he was visiting with all the City Councils of District No. 6 to announce his candidacy for election to the Anoka County Board of Commissioners. He spoke of his credentials and past experience and indicated he has lived in eastern Anoka County for 18 years. He stated when serving on the Centennial Fire Commission he had been involved in labor negotiations and, when serving on the Law Enforcement Council he had been involved in the upgrade of the public safety communications system, which he feels is lacking in the eastern communities of Anoka County. He stated he has worked for 19 years in White Bear Lake as a mechanic and welder. He stated he is a missionary with his ch and has worked with the Scouts. He intends to continue in public service. Dick Swanson, Blaine City Councilmember, introduced hi Anoka County Board of Commissioners. He stated he is a of his goals is to improve communications. He stated he4 Church. He stated, if elected, he intends to resign his Minnesota Department of Transportation in order t Commissioners, which he felt must be a full-time. No one else was present for open mike. FINANCE DEPARTMENT REPOR ' I LEK Council as a candidate for the of the Cable Commission and one er of the Circle Pines Lutheran as the Director of Finance for the is time to serving on the Board of Consideration of Resolution No. � 60,wa ng the Sale of $645,000 G.O. Improvement Bonds, Series 2002A, and Consi . e ' of Resolution No. 02-61, Awarding Sale of $2,110,000 Taxable G.O. Improveme = a 5 9 002B — Al Rolek, City Finance Director Rolek advised on May 13, 2002, the City Cod Resolution No. 02-41 providing for the issuance and sale of $2,730,000 G.O. impro ` R ment Bonds, Series 2002A. The proceeds of this bond issue are needed to finance public improv ent projects for Lake Drive/Apollo Drive, Twilight Acres Sanitary Sewer and West Shadow Ponds Street and Utilities. Since that time it has been determined by bond counsel that the Lake Drive/Apollo Drive improvements do not qualify for tax-exempt financing due to the terms of the City Charter. Therefore, the original proposal has been broken into two issues, a $645,000 tax-exempt issue and a $2,110,000 taxable issue. City Finance Director Rolek indicated the sale has been set for June 24, 2002, with consideration for award by the City Council this evening. Bids have been received and tabulated by the City's financial advisor, Springsted, Inc., and they will report the results of the bidding and provide a recommendations for award of the bids to the City Council this evening. City Finance Director Rolek noted Moody has upgraded the City's bond rating from an A3 to an A2. 2