06-19-2012 CCM - Laserfiche WebLink

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LAKE ELMO CITY COUNCIL MINUTES JUNE 19, 2012 Page 2 of 7 Planning Director Klatt presented a diagram of the proposed street name change request and provided a brief history and justification for the proposed change. He stated only three properties would be affected by the change from Julep Avenue North to 45th Street North. Jim Blackford, 9765 45th Street North approached the council and stated he supported the street name change. The three property owners will cover the cost of moving their mailboxes and he will install a 24-inch wide cement flat concrete surface and curb to allow snowplowing. MOTION: Council Member Smith moved to approve Resolution 2012-031 Changing the Name of a Portion of Julep Avenue North Between the 45th Street North Right-of-Way and Tapestry Road. Council Member Park seconded the motion. Motion passed 5-0. ITEM 7: MINOR SUBDIVISION – 11240 50TH STREET NORTH Planning Director Klatt presented the minor subdivision request for 11240 50th Street North, which does meet City Code requirements allowing lot splits less than 10 acres when utilized to benefit the City. He explained this request takes advantage of a City Code amendment. The minor subdivision allows the City to purchase 1.4 acres (Parcel A) for Well Site No. 4, and the property owner the ability to sell/use the remaining two lots. The Planning Commission recommended approval with three conditions, which included park land dedication, easements to be shown on the survey, and the Flood Plain issues. Council Member Smith sought clarification regarding the minimum lot size. Planning Director Klatt explained that the remaining two lots are not square due to the elevation, wetland classification, and Watershed District flood plain delineation. City Attorney Snyder interjected his thanks to the Staff and the applicant for the handling of the entire process. Council Member Pearson inquired about the additional Planning Commission recommendations. Planning Director Klatt responded that the recommendations regarding the well house design are to reflect the rural character and will be addressed during the design process. Also, the Planning Commission desires the trail plan be incorporated when the City is working on that portion. MOTION: Council Member Pearson moved to approve a Minor Subdivision to split an existing 19.72 acre parcel at 11240 50th Street North into three separate lots, one of which would be used for public purposes. Council Member Smith seconded the motion. Motion passed 5-0. ITEM 8: RESOLUTION 2012–29 APPROVE ISSUANCE AND SALE OF G. O. IMPROVEMENT BONDS; SERIES 2012 A CROSSOVER REFUNDING BONDS Finance Director Bendel presented the proposal to consider debt restructuring the current $4,090,000 bond due to the interest rates dropping by 2%. The estimated net savings is approximately $344,343 which the City would realize in 2015. MOTION: Council Member Smith moved to approve Resolution 2012–29 Authorizing Issuance and Sale of $4,090,000 General Obligation Improvement Bonds, Series 2012A. Council Member Park seconded the motion. Motion passed 5-0.