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LAKE ELMO CITY COUNCIL MINUTES SEPTEMBER 17, 2013 <br /> <br />Page 1 of 4 <br /> <br />CITY OF LAKE ELMO <br />CITY COUNCIL MINUTES SEPTEMBER 17, 2013 Mayor Pearson called the meeting to order at 7:00 P.M. <br />PRESENT: Mayor Pearson, Council Members Nelson, Smith, and Bloyer. <br />ABSENT: Council Member Reeves Also Present: City Administrator Zuleger, Associate City Attorney Brekken, City Engineer Griffin, Finance Director Bendel, and City Clerk Bell. <br />PLEDGE OF ALLIGENCE <br />APPROVAL OF AGENDA <br />MOTION: Council Member Nelson moved TO APPROVE THE SEPTEMBER 17, 2013 CITY COUNCIL <br />AGENDA. Council Member Bloyer seconded the motion. MOTION PASSED 4-0. <br />ITEM 1: ACCEPT MINUTES <br />THE SEPTEMBER 3, 2013 CITY COUNCIL MINUTES WERE APPROVED AS PRESENTED BY <br />CONSENSUS OF THE CITY COUNCIL. <br />CONSENT AGENDA 2. Approve Payment of Disbursements and Payroll in the amount of $699,524.57 3. Accept Financial Report dated August 31, 2013 4. Accept Building Permit Report dated August 31, 2013 5. Ratification of the MNDNR Approval of City of Lake Elmo Ordinance No. 08-074 Amending Chapter 97 – Water Surface Use; Ordinance 08-074, Resolution 2013-75 6. Keats MSA Street and Trunk Watermain Improvements – Pay Request No. 4. 7. Production Well No. 4 – Pay Request No. 2. 8. 2013 Crack Seal Project – Receive Contractor Quotes and Award Contract. 9. Fee Schedule Amendment – Removal of Ag Sales & Entertainment IUP Fee; Resolution 2013-76 <br />MOTION: Council Member Bloyer moved TO APPROVE THE CONSENT AGENDA. Council Member <br />Smith seconded the motion. MOTION PASSED 4-0. <br />REGULAR AGENDA <br />ITEM 10: INFRASTRUCTURE DEBT PARTICIPATION POLICY City Administrator Zuleger provided overview of the proposed Infrastructure Debt Policy. The City has been asked to draft a formal policy as a result of the request to use its bonding authority to provide the financing for private development. During a recent discussion of the 2013-2018 Capital Improvement Budget, the Council stressed the importance of protecting the taxpayer by having the developer commit to 100% responsibility of the debt service. Important features in policy: calling out six points of security that the City may use; includes 125% irrevocable Letter of Credit; includes projects with a greater public purpose such as a) over-sizing