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LAKE ELMO CITY COUNCIL MINUTES DECEMBER 17, 1991 5 B. Arabian Hills, Letter of Credit Reduction The developer for Arabian Hills has requested a reduction in their letter of credit. Tom Prew reported the grading, paving and storm sewer work is complete, but some seeding and cleanup work remain. The Council asked the City Engineer to check on the landscape plan regarding trees being planted along Keats Avenue. M/S/P Williams/Mottaz - to reduce the Irrevocable Letter of Credit #156 held by the First State Bank of Spring Lake Park from $137,000.00 to $15,000; contingent upon submittal of lien waivers from all contractors. (Motion carried 4-0). C. Old Village Water Tank Inspection & Paint The City Engineer indicated no proposal has been submitted. D. Discussion of water rates for "Old Village" and Lake Jane water supply M/S/P Williams/Mottaz - to direct the City Administrator to call a Public Hearing for January 21st to set water rates for the Old Village area at $1.25/1,000 gallons, plus a $5.00 per quarter service charge and a $6.00 quarter per customer water main replacement fee in accordance with the City Engineer's report, dated December 4, 1991. (Motion carried 4-0). M/S/P Williams/Mottaz - to direct the City Administrator to call a Public Hearing for January 21st to set the water rates for the Lake Jane area at $1.15/1,000 gallons, plus a $5.00 per quarter service charge. (Motion carried 4-0). E. OTHER The Council suggested that Dave Gustafson, Univ. of Minnesota, present his slide show on septic systems on January 7th, at 6:00- 7:00 p.m., before the city council meeting. 7. CITY ATTORNEY'S REPORT: No report was given. 8. CITY COUNCIL REPORTS: Councilman Johnson explained there was a vacancy on the Maintenance Advisory Committee due to the resignation of Kelly Brockman. M/S/P Dick Johnson/Williams - to advertise the position on the Maintenance Advisory Committee in the next city newsletter. (Motion carried 4-0)'.