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LAKE ELMO CITY COUNCIL MINUTES AUGUST 6, 1996 <br />Mayor John called the meeting to order at 7:00 p.m. in the council chambers. <br />John, Conlin, Johnston, City Attorney Filla, City Engineers Bohrer and Prew, <br />Administrator Kueffner. <br />2 <br />PRESENT: DeLapp, Hunt, <br />City Planner Terwedo and <br />1. AGENDA <br />ADD: 4B. Resolution for Bond Sale, Letter from Jim Walsh, 6D. Cluster Systems:Bob Engstrom, 8H. <br />Imation Project Update <br />M/S/P DeLapp/Johnston -to approve the August 6, 1996 City Council agenda as amended. (Motion <br />passed 5-0). <br />2. MINUTES: July 201996 <br />M/S/P Johnston/Conlin - to approve the July 20,1996 City Council Minutes as amended (Motion passed <br />5-0). <br />3. CLAIMS <br />M/S/P Johnston/Hunt - to approve the August 6, 1996 Claims #4973 through #5026 as presented. <br />(Motion passed 5-0). <br />4. PUBLIC INFORMATIONAL: <br />A. Public Inquiries <br />Liz Johnson, Lake Elmo Jaycees, invited the Council and staff to attend Huff'n Puff Days, 20th Annual <br />City Celebration, and to participate in the softball game on Saturday. <br />M/S/P John/DeLapp - to propose Councilors Hunt and Conlin coordinate a City team for the softball game <br />for Huff'n Puff Days on Saturday. (Motion passed 5-0). <br />B. Resolution for Bond Sale <br />Paul Donna, Springsted, reported six bids were received on August 6, 1996 for $650,000 for General <br />Obligation Temporary Improvement Bonds, Series, 1996A. Springsted recommends award the bid to the <br />low bidder, Firstar Bank Milwaukee, N.A., Lake Elmo Bank: 4.25% interest rate, Price $646,568.00, Net <br />Interest Cost:$86,307.00 and True Interest Rate:4.4236%. <br />M/S/P DeLapp/Hunt - to adopt Resolution No. 96-18, A Resolution Authorizing issuance, awarding sale, <br />prescribing the form and details and providing for the payment of $650,000 General Obligation <br />Temporary Improvement Bonds, Series 1996A to Firstar Bank Milwaukee, N.A., Lake Elmo Bank, the low <br />bidder. (Motion passed 5-0). <br />C. County Road 13 Petition for Speed Limit <br />Residents in the area of CSAH 13 and 27th Street have submitted a petition requesting that a 30 mph <br />speed limit be posted don CSAH 13 in the general area of 27th Street. These residents have also <br />requested a stop sign at the CSAH 13 and 27th Street intersection in hopes that the stop sign would slow <br />traffic down. Don Theisen, Washington County Public Works and Sergeant Fuhr, Washington County <br />Sheriff's Dept. answered questions from the residents and City Council. <br />M/S/ Hunt/Johnston - to adopt Resolution No. 96-19 requesting Washington County conduct a speed <br />study of CSAH 13, from CSAH 6 (Stillwater Blvd.) to CSAH 10, for the purpose of posting, at a minimum, <br />the residential portion of this roadway at 30 miles per hour. Further, that before any speed limit is <br />changed, the results of the speed study are reviewed and commented on by the Lake Elmo City Council.. <br />