07/25/2005 Council Minutes - Laserfiche WebLink

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COUNCIL MINUTES JULY 25, 2005 APPROVED 145 146 Councilmember Carlson asked how the interest payments would be listed on the budget. Mr. Bubul •147 stated interest would begin payback in February or August. Ms. Heeten stated the bond issue would 148 pay the interest until collection has begun in 2010. 149 150 Vance Haismeyer, CFO of YMCA, and Michelle Williams, Executive Director, Chain of Lakes 151 YMCA, introduced themselves. 152 153 Mayor Bergeson opened the public hearing at 7:18 p.m. There was no one present who wished to 154 speak. 155 156 Mayor Bergeson closed the public hearing at 7:18 p.m. 157 158 Councilmember Dahl moved to adopt Resolution No. 05-104, Granting Property Tax Abatement. 159 Councilmember Stoltz seconded the motion. 160 161 Motion carried unanimously. 162 163 Resolution No. 05-104 can be found in the City Clerk's office. 164 165 ii. Consideration of Resolution No. 05-105, Approving Business Subsidy to YMCA, 166 Mary Divine 167 168 Economic Development Coordinator Divine summarized the Staff report, indicating Staff •169 recommends approval. 170 171 Councilmember Reinert moved to adopt Resolution No. 05-105, Approving Business Subsidy to 172 YMCA. Councilmember Carlson seconded the motion. 173 174 Motion carried unanimously. 175 176 Resolution No. 05-105 can be found in the City Clerk's office. 177 178 B. Oakwood View 179 180 i. Consideration of Resolution No. 05-96, Approving Development Agreement, Lots 181 1-7, Block 1 and Lots 1-3, Block 2, Oakwood View Subdivision, Jim Studenski 182 183 City Engineer Studenski summarized the Staff report, indicating Staff recommends approval. 184 185 Councilmember Reinert moved to adopt Resolution No. 05-96, Approving Development Agreement, 186 Lots 1-7, Block 1 and Lots 1-3, Block 2, Oakwood View Subdivision. Councilmember Dahl 187 seconded the motion. 188 189 Motion carried unanimously. 190 191 Resolution No. 05-96 can be found in the City Clerk's office. •192 4