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LAKE ELMO CITY COUNCIL MINUTES FEBRUARY 21, 1.989 PAGE 11 institution. The lowest interest rate to borrow this money would be about 11% depending on date of settlement. If the city would invest this $50,000 today, the highest rate we could get is 9.5% for a 1 year investment, therefore, it would be beneficial to issue an Equipment Certificate to ourselves and pay "us" 9.5% interest, the same as we would be getting from a one year C.D.. This will also save the City any bonding costs through issuance of an Equipment Certificate from a lending institution. Maintenance Foreman, Dan Olinger, will bring in the truck specs at the next Council meeting. M/S/P Williams/Graves - to approve Resolution 89-11: Resolution providing for the issuance and sale of a $50,000 General Obligation Equipment Certificate of Indebtedness of 1989 and Levying a Tax for the Payment. (Motion carried 4-0). B. Acoustics; Council Chambers Mayor Dunn advised the Council Dr. Parvis Mahmoodi of 3M will come out and determine appropriate actions and materials needed to eliminate the acoustic problem in the Council chambers of the City Hall. Mayor Dunn will report back to the City Council. C. Proposed. Ord: Amending Section 203 incorporating Use of Robert's Rules of Order At the Council direction a proposed ordinance amendment which would incorporate the useage of Robert's Rules of Order for Council proceedings was provided for Council review. In the last paragraph, delete words "as to" and insert "by". M/S/P Hunt/Graves - resolved that the Council hereby approved the recommended Ordinance; to include aboved stated change, amending Section 203 of the Ctty Code by incorporating Robert's Rules of Order into Council proceedings. (Motion carried 4-0). D. Approval of Planning Contract Councilman Williams brought up his concern on no terms specified in the contract. Morrison responded, as with the other city consultants, this contract is up for renewal every year. M/S/P Graves/Hunt - resolved that the Council hereby approves the Agreement for Professional Services, between the City of Lake Elmo and Mike Black of James R. Hill, Inc, for the calendar year of. 1989, with hourly fees as stated in the July 1988 rate schedule. (Motion carried 4-0). E. Request for Expenditures for Maps for the Comp Plan Administrator Morrison, with consensus approval by the PZ, asked for authorization for spending up to $3,000, taken out of the Planners fee, for maps from Washington. County for insertion into the Comp Plan.