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LAKE ELCO CITY COUNCIL MEETING Page 4 County Board is considering a bond issue for the ineligible costs and the holding costs, and if they do this, they might be willing to ( include Lake Elmo in the bond issue so that we might take advantage of the lower rate. We estimated the average cost to homeowners, before interest expense, would be around $800 a home for the sewer improve- ments. The County's estimate is in that same ballpark. The recommen- dation is that we proceed with the design phase (Step 2) and we finance that from our present reserves and we work with the County to see if we can be included in their bond issue to cut costs for Step 3. Discussion followed relative to the interest rate to be charged. M/S/P Fraser/Mazzara To accept the recommended approach of financing as proposed by the Administrative Consultant. (5 ayes) M/S/P Fraser/Mazzara To accept Engineering agreement proposed and allow the Mayor and City Administrator to enter into a contract with the City Engineer for Step 2 of the 201 project. (5 ayes) B. Reid Park Status: Bohrer stated that the trails, parking lot, and ballfield Tl are complte. A bitimunious walkway along the parking lot and the remainder of the seeding and sodding are not complete. Bohrer further stated that a letter was sent to the contra- ctor expressing the Council's concerns regarding the seeding, etc. The contractor has chosen to do the seeding now, and a letter is forthcoming stating his reasons for doing this. C. Jamaca Court Status: - Bohrer stated that the improvements are complete, however, all of the testing has not yet been done. Carol Kuettner stated that she felt the street looked patchy, that it appeared to be wavey and had rough. spots. In general she was unhappy with the finishing in that it was not smooth. Bohrer stated that a mix was specified that had a lot more rock in it for strength, so it will look coarse. Also, the paving was done in two days; so, the segments of pavement overlap some. D. Tartan Meadows: - Bohrer stated that Mr.Morton is starting some of the improvements on his own, before he asks to have the final plat signed. We will have a bond for the remainder of the improvements that he is not constructing himself. E. Other: - Bohrer made reference to the improvements in the Tablyn Park area that were bid out. (A play area west of the parking lot had been provided by the Jaycee's but there was never any top soil or turf established.) Bohrer previously provided an estimate of $1.055. The bids received were from Buberl Landscaping for $1255.00; and Mogren Bros. Landscaping for $1478.00.