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CITY COUNCIL WORK SESSION June 25, 2007 <br />APPROVED <br />•1 CITY OF LINO LAKES <br />2 MINUTES <br />3 <br />4 DATE : June 25, 2007 <br />5 TIME STARTED : 5:30 p.m. <br />6 TIME ENDED : 6:13 p.m. <br />7 MEMBERS PRESENT : Councilmember Carlson, O'Donnell, <br />8 Reinert <br />9 MEMBERS ABSENT : Stoltz, Mayor Bergeson <br />10 <br />11 <br />12 Staff members present: City Administrator, Gordon Heitke; Community Development <br />13 Director, Mike Grochala; Director of Public Safety, Dave Pecchia; City Engineer, Jim <br />14 Studenski; Finance Director, Al Rolek; and City Clerk, Julie Bartell <br />15 <br />16 REVIEW REGULAR AGENDA ITEMS <br />17 <br />18 Finance Director Rolek reviewed the agenda items for the Economic Development <br />19 Authority (EDA) meeting relating to a tax increment financing plan modification, an <br />20 interfund loan and tax increment financing pledge agreement all in conjunction with the <br />21 finance plan for the Lake Drive Interchange Project. Terri Heaton, Springsted, Inc., gave <br />• 22 an explanation of the bid process for the bonds for the same project, noting the low bid <br />23 received from Piper Jaffray & Co. at a very favorable rate. The city's good credit rating <br />24 was effective in getting a low interest rate and the credit rating view continues to be good <br />25 for the city. <br />26 <br />27 Finance Director Rolek explained the request on the regular council agenda for a utility <br />28 rate study. The study would have the dual purpose of establishing a rate structure that <br />29 works best in consideration of conservation needs as well as the long and short term city <br />30 costs. The launch year for new rates would be 2008. <br />31 <br />32 The council suggested that as the citizens are approached about water conservation, the <br />33 city should be clear on what conservation means, what measures people can use and the <br />34 "what's in it for me" viewpoint also. <br />35 <br />36 The city's transient merchant, solicitors and peddler's regulations were discussed with a <br />37 suggestion from the council that door-to-door sales can create some problems and the city <br />38 should have regulations in place to address those problems to the best extent possible. <br />39 <br />40 There were no changes to the regular Council agenda. <br />41 <br />42 The meeting was adjourned at 6:13 p.m. <br />43 <br />44 These minutes were considered, corrected and approved at the regular Council meeting held on <br />• <br />45 July 9, 2007. <br />46 <br />1 <br />