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Mounds View City Council Page. Three <br />~gular Meeting May 10, 1993 <br />RESIDENTS REQUESTS AND COMMENTS FROM THE FLOOR <br />There were no residents requests or comments pertaining to issues not on the <br />agenda presented at this meeting. <br />PUBLIC HEARINGS <br />There were no public hearings scheduled for this meeting. <br />CONSENT AGENDA <br />Samantha Orduno, City Administrator, read the Consent Agenda. <br />Mayor Linke asked if there were any items the Council desired removed from <br />~he Consent Agenda. There were no items removed. <br />MOTION/SECOND: Quick/Rickaby to adopt the Consent Agenda as <br />presented. <br />VOTE: 5 ayes 0 nays Motion Carried <br />COUNCIL BUSINESS: <br />Samantha Orduno, City Administrator, introduced Bob Thistle of <br />Springsted Financial Services to review Resolution No. 4368 <br />Awarding the Sale of the City's General Obligation Water Revenue <br />Refunding Bonds, Series 1993A and Providing for Their Issuance. <br />Mr. Thistle announced that seven bids had been received with the <br />Iow bid being 5.53 and the highest bid being 5.59$. The current <br />interest rate on the bonds is 6.77. Mr. Thistle stated by taking <br />the low bid the City would save $133,000 in interest on the remaining <br />balance of the bonds. Mr. Thistle advised the City to award the bid <br />to Dain, Bosworth for the sale of the general obligation water revenue <br />bonds. <br />MOTION/SECOND: Quick/Blanchard to Adopt Resolution No. 4368 Awarding <br />the Sale of the City's General Obligation Water Revenue Refunding <br />Bonds, Series 1993A and Providing for Their Issuance <br />VOTE: 5 ayes 0 nays Motion Carried <br />B. Samantha Orduno, City Administrator, presented a brief review of the <br />Proposed Regional Senior Center. Orduno explained how the idea of a <br />Regional Senior Center had begun and that Mounds View was .approached by <br />Fridley and New Brighton as was Spring Lake Park and all four cities <br />began discussing the possibility of a regional senior center. Orduno <br />further reviewed the charge of the Regional Senior Center Task Force <br />. who 'put many hours into this project and attended many meetings <br />regarding the Proposed Regional Senior Center. Orduno introduced Lulu <br />