03-23-2015 Council Meeting Minutes

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COUNCIL MINUTES March 23, 2015 APPROVED 91 two projects is sensible. The mayor noted that the proposed sale was fully discussed at the council 92 work session. 93 94 Council Member Roeser moved to approve Resolution No. 1 5-3 1 as presented. Council Member 95 Kusterman seconded the motion. Motion carried on a voice vote. 96 97 2C) Resolution No. 15-32, Approving the Issuance of Lease Revenue Bonds, Series 2015A, by 98 the Lino Lakes Economic Development Authority in the Maximum Aggregate Principal 99 Amount of $4,885,000 — Finance Director Rolek explained that the council has previously authorized 100 the construction of a new fire station in the city and has received the recommendation of Springsted, 101 Inc. to finance that construction through the use of lease revenue bonds issued through the city's 102 Economic Development Authority (EDA). The EDA met early in the evening and took action to 103 issue the bonds. There is a resolution before the council further authorizing that issuance. Ms. 104 Heaton of Springsted, Inc. reviewed some PowerPoint information outlining the proposed lease 105 revenue bonds and the process for consideration. Mayor Reinert noted that the city will be acting 106 quickly to issue these bonds since the market interest rate is currently low. He noted that the amount 107 of the issuance was reduced and the cost will probably be even less yet since there are still 108 contingencies included that most likely won't be spent. The mayor also noted that the plans for the 109 facility include a training function that increases the cost but that should, in the long run, serve the 110 city well by keeping fire fighters in the city for their training and possibility bring in revenue for 111 training personnel from other departments. 112 113 Council Member Rafferty offered thanks to staff for giving the council the information needed to put 114 together a good proposal. Council Member Kusterman added his thanks to Mr. Rolek and Ms. 115 Heaton for putting together the financing package. 116 117 Council Member Rafferty moved to approve Resolution No. 15-32, amended to reflect an issuance 118 amount of $4,885,000. Council Member Stoesz seconded the motion. Motion carried on a voice 119 vote. 120 121 ADMINISTRATION DEPARTMENT REPORT 122 123 3A) Consider Approval of Labor Agreement with LELS, Local 260- Administrator Karlson 124 reviewed the terms of the proposed labor agreement that has been reached through negotiations. It is 125 a one-year agreement. Mayor Reinert noted that he is happy to have all the city's labor agreements 126 settled this early in the year. 127 128 Council Member Rafferty moved to approve the agreement as proposed. Council Member Stoesz 129 seconded the motion. Motion carried on a voice vote. 130 131 PUBLIC SAFETY DEPARTMENT REPORT 132 133 4A) Authorize to Hire Paid On -Call Fire Personnel- Police Chief Swenson explained that he is 134 requesting council authorization to hire two individuals. They have both been through the 3