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MINUTES OF THE LAKE ELMO CITY COUNCIL MEETING NOVEMBER 19, 1974 pg.I Meeting called to order by Acting Mayor Abercrombie at 5:05PM. Present:Abercrombie,Brookman, Pott and Shervheim(5:05 to 6:30). Absent:Eder. Also present:Bldg.Insp.Mueller,Counsel Raleigh, Engineer Bonestroo, Fiscal Agent Olson and PZC Member -Councilwoman elect Lyons. Park Bond Sales:Councilman Shervheim presented Resolution R74-34 calling for the sale of $725,000 of Park Bonds authorized by special election June 11,1974. Bonds to be dated December 1, 1974. Maturity of $14,000 in 1977, $20,000 in 1978, $30,000 for 1979-80, $40,000 for 1981 thru 1984, $45,000 for 1985 thru 1987 and $50,000 -For 1988 thru 1994. Bonds call- able after 10 uears at 101%. Date of sale December 11, 1974 at 7:OOPM in the Lake Elmo City Hall. Second by C.Brookman. Resolution carried 4-0. Mayor Eder absent. Bond Rating: Motion by C.Brookman 2nd by C.Shervheim authorizing Fiscal Agent Olsen to request Moody's Investors Service to establish a rating for Lake Elmo. Cost of this service approx.$650. Motion carried 4-0. Park Acquisition:All contracted parcels are set for closing December 30,1974 except the Friedrich Property which is scheduled for closing December 13,1974. Since the sale of the bonds is so late cash will not be available from bond sale for the Friedrich Parcel. Mr. Friedrich will accept $50,000 on December 13,1974 and the balance after receipt of funds from the bond sale.Motion by C.Brookman 2nd by C.Shervheim authorizing closing on December 13, 1974, subject to the sale of Park Bonds and paying $50,000 out of city reserve funds to be replaced when bonds sale is completed. Balance of contracts to be closed on December 30, 1974. Carried 4-0. Motion by C.Brookman 2nd by C. Shervheim authorizing payment for park property in 2 payments on each. Fifty % December 30, 1974 and 50% January 6, 1975. Carried 4-0. Lake Elmo Metro Park Tract 32:B.Froehner and T.Keller had submitted a petition with 48 signatures objecting to suggested acquisition of property on the East shore of Lake Elmo. All signers are affected property owners. C.Shervheim presented Resolution R74-35 acknowledging receipt of petition and supporting the position of the land owners on the East shore of Lake Elmo against the acquisition of property identified as Tract 32 for the park. Further that a copy of this resolution and the petition be distributed to all recipients of the County Board Resolution. Second by C.Pott. Carried 4-0. Pebble Park: Park Advisory Committee has appraised two quotations for a comprehensive plan for Pebble Park. One was from Ray Marshall- Bid was $400 plus 18% of 1st $5,000 in improvements plus 6% for anything over $5,000 for the next 4 years.Second bid was from Urban Planning, John Voss, at a flat fee of $2,400. Park Advisory Committee recommended awarding bid to Urban Planning. Motion by C.Shervheim 2nd by C.Brookman to accept the bid of Urban PLanning. As part of contract Urban Planning is to supply 25 copies of the final plan. C.Shervheim will make the necessary arrangements. Carried 4-0. Richert Mining S.U.P. Renewal:Shafer Contracting Co., on behalf of Fred and Lydia Richert have requested renewal of mining permit on the West 60 acres