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1 <br />2 <br />3 <br />4 <br />5 <br />6 <br />7 <br />8 <br />9 <br />10 <br />11 <br />12 <br />13 <br />14 <br />15 <br />16 <br />17 <br />18 <br />19 <br />20 <br />21 <br />22 <br />23 <br />24 <br />25 <br />26 <br />27 <br />28 <br />29 <br />30 <br />31 <br />32 <br />33 <br />34 <br />35 <br />36 <br />37 <br />38 <br />39 <br />40 <br />41 <br />42 <br />43 <br />44 <br />45 <br />Mounds View City Council December 44, 2020 <br />Regular Meeting Page 4 <br />Ayes — 5 Nays 0 Motion carried. <br />C. Resolution 9364, Providing for the Sale of $5,830,000 General Obligation <br />Water Revenue Bonds, 2020A. <br />Finance Director Beer requested the Council adopt a Resolution providing for the sale of <br />$5,830,000 in General Obligation Water Revenue Bonds, Series 2020A. He reported Kennedy & <br />Graven provided staff with the final results from the bond sale. He indicated the bond sale was <br />reduced from $6,140,000 to $5,830,000 due to the favorable interest rate. It was noted the <br />favorable bid was received from Robert W. Baird in Wisconsin. <br />Stacie Kvilvang, Ehlers & Associates, discussed the bond sale and noted this was a great time to <br />be in the market. She reported the City received an AA bond rating due to the City's strong <br />financial standing. She noted the bond sale received six bids and the low bid was received from <br />Robert W. Baird with an interest rate of .92%. <br />Mayor Mueller commended City staff and the Council for the favorable bond interest rate that <br />was received for this bond sale noting this allowed the City to reduce the overall amount of <br />bonds needed. <br />MOTION/SECOND: Bergeron/Hull. To Waive the Reading and Adopt Resolution 9364, <br />Providing for the Sale of $5,830,000 General Obligation Water Revenue Bonds, 2020A. <br />A roll call vote was taken. <br />Ayes — 5 Nays — 0 Motion carried. <br />D. Resolution 9354, Authorizing Severance for Public Works Maintenance <br />Worker Timothy Fredberg. <br />Human Resources Coordinator Ewald requested the Council approve a Resolution that would <br />authorize severance for Public Works Maintenance Worker Timothy Fredberg. She explained <br />Mr. Fredberg retired from the Public Works Department on November 30th after serving the City <br />for 26 years. She noted Mr. Fredberg would be greatly missed by the City of Mounds View and <br />staff wished Mr. Fredberg all the best in his retirement. <br />MOTION/SECOND: Hull/Gunn. To Waive the Reading and Adopt Resolution 9354, <br />Authorizing Severance for Public Works Maintenance Worker Timothy Fredberg. <br />Council Member Gunn thanked Mr. Fredberg for his service to the community and wished him <br />all the best in his retirement. <br />Mayor Mueller thanked Mr. Fredberg for all his contributions to the City of Mounds View. <br />A roll call vote was taken. <br />