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Mounds View City Council March 13, 2017 <br />Regular Meeting Page 4 <br /> <br /> <br />Council Member Hull questioned when the Council would be addressing the action steps for the <br />2017 goals. City Administrator Ericson reported this would be determined by the City Council <br />and could be addressed at an upcoming work session meeting. <br /> <br />MOTION/SECOND: Gunn/Meehlhause. To Waive the Reading and Adopt Resolution 8731, <br />Approving 2017 City Council Goals and Priorities. <br /> <br />Council Member Meehlhause commended staff for completing four of the goals on the Council’s <br />2016 list. <br /> <br /> Ayes – 4 Nays – 0 Motion carried. <br /> <br />E. Resolution 8732, Providing for the Sale of $6,000,000 General Obligation <br />Capital Improvement Plan Bonds, Series 2017A. <br /> <br />Finance Director Beer requested the Council provide for the sale of $6,000,000 General <br />Obligation Capital Improvement Plan Bonds, Series 2017A. He explained these bonds would be <br />used for the Public Works Facility. He noted the Council would be reviewing the bids for these <br />bonds on Monday, April 10th. <br /> <br />Stacie Kvilvang, Ehlers & Associates, introduced herself to the Council and noted she worked <br />with the City on bond sales that were competitively bid. She anticipated the City would receive a <br />successful sale on these bonds given the current market and the City’s financial rating. <br /> <br />Council Member Meehlhause requested further information on the City’s bonding capacity. Ms. <br />Kvilvang described the City’s bonding capacity in detail with the Council. <br /> <br />Council Member Hull questioned when these bonds would be on the tax rolls. Finance Director <br />Beer reported this would occur in 2018. <br /> <br />MOTION/SECOND: Meehlhause/Hull. To Waive the Reading and Adopt Resolution 8732, <br />Providing for the Sale of $6,000,000 General Obligation Capital Improvement Plan Bonds, <br />Series 2017A. <br /> <br /> Ayes – 4 Nays – 0 Motion carried. <br /> <br />F. Resolution 8733, Authorizing a Budget Adjustment for the MVCC Building <br />Alterations. <br /> <br />Public Works Supervisor Peterson requested the Council authorize a budget adjustment for the <br />MVCC building alterations. He explained that with the staff turnover at the MVCC several <br />adjustments were made to the plans for the MVCC. He described these changes and noted the <br />cost was over the spending threshold, which required a budget adjustment. He reported the <br />additional expense would be covered by the Special Projects Fund. Staff recommended the