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LAKE ELMO CITY COUNCIL MINUTES <br />July 16, 2024 <br />ITEM 9: 2024A Bond Sale <br />Tammy Omdahl, Northland Securities, summarized the bond sale for the 2024 Street <br />Improvements and 2024 Collector Streets. Ms. Omdahl noted that Monty's gave the city a AA <br />rating and six bids were received for the sale of the bonds. <br />Councilmember Dragisich, seconded by Councilmember Holtz, moved TO APPROVE <br />RESOLUTION NO. 2024-084. A RESOLUTION AWARDING THE SALE OF $5,045,000 <br />GENERAL OBLIGATION IMPROVEMENT AND UTILITY REVENUE BONDS, SERIES <br />2024A. Motion passed 5 — 0. <br />Mayor Cadenhead: Thanked the Sheriff's Department deputies, Fire Department, Public Works <br />Department for assisting Connect Lake Elmo with the 41h of July parade and also thanked the Lake <br />Elmo Rotary for providing ice cream for the event. <br />Councilmember Holtz: Noted that the 30th Street construction is complete and thanked staff for <br />their work on the project. Thanked the Public Works staff for replacing newly planted trees at <br />Easton Village. Reported on upcoming 3M work group projects and public open house at Oak <br />Land Middle School on July 25th regarding safe drinking water. <br />Councilmember Hirn: Noted upcoming Night out on August 6ch <br />STAFF REPORTS AND ANNOUNCEMENTS <br />City Clerk Johnson: Provided election reminders and candidate filing information. <br />Finance Director Hadler: Provided a reminder of the city's new bill payment website. <br />Meeting adjourned at 7:13 p.m. <br />ATTEST: <br />4ail-ul <br />ulie ohns V <br />ity Clerk <br />LAKE ELMO CITY COUNCIL <br />Y <br />Charles Cadenhead, Mayor <br />Page 2 of 2 <br />