HomeMy WebLinkAbout05-28-2013 Council Work Session MinutesCITY COUNCIL WORK SESSION May 28, 2013
APPROVED
1 CITY OF LINO LAKES
2 MINUTES
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4 DATE : May 28, 2013
5 TIME STARTED : 5:30 p.m.
6 TIME ENDED : 6:30 p.m.
7 MEMBERS PRESENT : Council Member Stoesz, O'Donnell,
8 Rafferty, Roeser (arrived at 5:35) and
9 Mayor Reinert
10 MEMBERS ABSENT : None
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13 Staff members present: City Administrator Jeff Karlson; Finance Director Al Rolek;
14 Community Development Director Michael Grochala; City Planner Katie Larsen; Police
15 Captain Kent Strege; Public Safety Director John Swenson; City Clerk Julie Bartell.
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17 1. Presentation of 2012 Audit Report — Rachel Flanders and Chris Knopik,
18 representatives of the firm hired to perform the city audit, ClifftonLarsonAllen, gave a
19 presentation on the results of the audit. They reviewed the written presentation that
20 explained how the audit addresses required communications, the summation of the audit,
21 and the financial implications. Also noted was receipt of the GFOA Certificate of
22 Achievement for Excellence in Financial Reporting, new reporting requirements such as
23 GASB No. 61 and 65 and anticipated requirements, GASB No. 68, effective in 2015.
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25 Since time was somewhat short, the mayor asked the council if they'd like additional time
26 to review the audit results. The council concurred that they would forward any questions
27 to Finance Officer Al Rolek.
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29 The matter of accepting the audit is included on the council agenda for the meeting later
30 in the evening.
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32 2. Review Regular Council Agenda of May 28, 2013 — Discussion as follows:
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34 Item 2B, Resolution No. 13 -68, Issuance and Sale of Approximately $615,000
35 Taxable General Obligation Improvement Bonds - Finance Director Rolek explained
36 that the proceeds of this bond sale, if authorized by the council, will provide the financing
37 to construct the Otter Lake Road Extension Project. The bond sale will be administrated
38 by Springsted, Inc., the city's fmancial advisors, and their representative, Terri Heaton,
39 will be present at the council meeting for a review of the sale.
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41 Item 6A, Resolution No. 13 -58, Development Agreement for Preserve at Lino Lakes
42 City Planner Larsen remarked that the Preserve at Lino Lakes project was before the
43 council last cycle and received approval of the PUD Final Plan/Final Plat. The related
44 development contract is being presented to the council for approval. She noted that the
CITY COUNCIL WORK SESSION May 28, 2013
APPROVED
45 agreement has recently been tweaked by the developer and she requests that the council
46 approve the document pending staff and city attorney review of those changes.
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48 Item 6B) Resolution No. 13 -60, Development Agreement for Main Street Shoppes -
49 City Planner Larsen explained that the council also approved the Final Plat for this
50 development at a recent meeting. Again the development agreement is now being
51 presented for council approval.
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53 The meeting was adjourned at 6:00 p.m.
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55 These minutes were considered, corrected and approved at the regular Council meeting held on
56 June 10, 2013.
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