HomeMy WebLinkAbout03-23-2015 Council Work Session MinutesCITY COUNCIL WORK SESSION March 23, 2015
APPROVED
1 CITY OF LINO LAKES
2 MINUTES
3
4 DATE : March 23, 2015
5 TIME STARTED : 6:00 p.m.
6 TIME ENDED : 6:25 p.m.
7 MEMBERS PRESENT : Council Member Stoesz, Kusterman,
8 Rafferty, Roeser and Mayor Reinert
9 MEMBERS ABSENT : None
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12 Staff members present: City Administrator Jeff Karlson; Community Development
13 Director Michael Grochala; Public Safety Director John Swenson; Finance Director Al
14 Rolek; City Clerk Julie Bartell
15
16 REVIEW REGULAR AGENDA ITEMS (March 23, 2015 City Council Agenda)
17
18 Item 3A, Approval of Labor Agreement with LELS, Local No. 260 — Administrator
19 Karlson explained that the city council has discussed the terms of a labor agreement with
20 this group and the Local has now agreed to settle for a one-year agreement.
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22 Item 4A, Authorization to hire Paid On -Call Fire Personnel- Public Safety Director
23 Swenson reviewed his recommendation that the city hire James Chapman and Ian Kapets
24 as paid on-call fire personnel effective April 8, 2015. The two individuals have
25 successful been through the department's hiring process and are familiar to the
26 department.
27
28 Item 6A, Resolution No. 15-29, Authorizing Preparation of Plans and Specifications
29 for the Aqua Lane Trunk Water Main Improvement Project- Community
30 Development Director Grochala reviewed the proposed project that would most likely
31 begin in the winter of 2016 and would provide water to the north end of West Shadow
32 and Black Duck area.
33
34 Item 2A — 2C - A) Public Hearing & Resolution No. 15-30 Approving Property Tax
35 Abatement Related to Fire Hall and Public Infrastructure Improvements in the City
36 of Lino Lakes;
37 B) Resolution No. 15-31 Providing for the Issuance and Sale of General
38 Obligation Bonds, Series 2015A, in the Proposed Aggregate Principal Amount of
39 $3,645,000;
40 C) Resolution No. 15-32 Approving the Issuance of Lease Revenue Bonds,
41 Series 2015A, by the Lino Lakes Economic Development Authority in the Maximum
42 Aggregate Principal Amount of $5,600,000.
43
44 Finance Director Rolek introduced the city's financial consultant, Terri Heaton, of
45 Springsted Inc. to review the financial actions proposed to the council. He noted that the
CITY COUNCIL WORK SESSION March 23, 2015
APPROVED
46 council will also be acting as the Economic Development Authority (EDA) to discuss the
47 issuance of lease revenue bonds for the new fire facility.
48
49 Ms. Heaton reviewed a portion of a PowerPoint Presentation (on file — Page 5) outlining
50 the lease revenue bond process and the proposal to issue bonds. She noted that the
51 amount has been updated based on recent information and is now reduced. She noted that
52 a reserve could still be added as well as interest prior to issuance also. The parameters
53 established for the sale actually indicate a larger number than will actually be needed but
54 that allows for movement in rates — current rates are low so it appears to be a good time
55 for an issuance. The sale should be done by the end of May.
56
57 Mayor Reinert explained how the numbers have been adjusted to a lower figure. He also
58 noted that the improvements being funded through the bonds will impact land that will
59 benefit from the work in the future.
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61 Ms. Heaton then reviewed the tax abatement process and explained what abatement is
62 and how it works, constraints for utilizing the abatement process (and confirmed that this
63 project meets requirements) and stressed that the abatement is noted for specific
64 properties but will be spread throughout the city.
65
66 Ms. Heaton also briefly reviewed the proposed Street Reconstruction Bond issuance. The
67 project was authorized by referendum.
68
69 The meeting was adjourned at 6:25 p.m.
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71 These minutes were considered, corrected and approved at the regular Council meeting held on
72 April 13, 2015.
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76C
77 Ju1. - Bartell, City 1 lerk
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Jeff R- ne , Mayor