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alternative dining option for residents within the immediate area and throughout the community 1 and surrounding area. The location of the site also lends itself well to opportunities for residents 2 and neighbors to walk to the property as opposed to traveling by vehicle. 3 4 The Planning Commission met on November 23, 2015, conducted a public hearing, and heard 5 testimony from the applicant and two neighbors opposing the amendment. The Planning 6 Commission recommends approval of the conditional use permit (CUP) amendment (5 to 1) to 7 allow a restaurant to pursue a liquor license on the Property located at 2510 Kenzie Terrace 8 subject to the findings and conditions outlined in the staff report. 9 10 Mr. Papatola reviewed the Conditions as Building Permits, outdoor seating prohibited, Dumpster 11 screening and escrow to complete, amplification, hours of operation and landscaping and escrow 12 (deadline of June 1, 2016 installation and provide for a $1500 escrow). 13 14 Mr. Lorenzo Tejeda and Mr. Paul Marshall appeared before the Council and thanked the Council 15 for the opportunity. They are willing to comply with all conditions. They want to provide a great 16 service and operation for the City. 17 18 Motion by Councilmember Jenson, seconded by Councilmember Brever, to approve Resolution 19 15-074; a Resolution Approving a Conditional Use Permit (CUP) amendment to allow an 20 intensification of the restaurant use to include the sale of alcoholic beverages on the property 21 located at 2510 Kenzie Terrace and also adding item 8. To include the escrow of $1500 for 22 landscaping. 23 24 Motion carried unanimous 25 26 VI. GENERAL BUSINESS OF COUNCIL 27 28 A. Resolution 15-075 a resolution Authorizing Issuance, Awarding Sale, Prescribing the 29 Form and Details and Providing for the Payment of $4,445,000 General Obligation TIF 30 Refunding Bonds, Series 2015B. 31 32 Ms. Stacie Kvilvang, Ehlers and Associates, stated the AA rating was upheld with a stable 33 outlook. The City has strong management, good financial policies and practices in place. She 34 summarized the report briefly. The City has rapid amortization. The bond sale was held earlier 35 December 8, 2015 and the lowest responsible bidder was Baird out of Milwaukee, WI with a true 36 interest cost of 2.316%. 37 38 Mayor Faust stated the interest rate is amazing. This is re-financing and it is obtained at a lower 39 rate and saving the City $1M. 40 41 Motion by Councilmember Stille, seconded by Councilmember Jenson, to approve Resolution 42 15-075; a Resolution Authorizing Issuance, Awarding Sale, Prescribing the Form and Details 43 and Providing for the Payment of $4,445,000 General Obligation TIF Refunding Bonds, Series 44 2015B. 45 46 Motion carried unanimously 47 48 12