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City Council Regular Meeting Minutes <br />December 8, 2015 <br />Page 4 <br />4 <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 VI. <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 />46 <br />47 <br />48 <br />alternative dining option for residents within the immediate area and throughout the community <br />and surrounding area. The location of the site also lends itself well to opportunities for residents <br />and neighbors to walk to the property as opposed to traveling by vehicle. <br />The Planning Commission met on November 23, 2015, conducted a public hearing, and heard <br />testimony from the applicant and two neighbors opposing the amendment. The Planning <br />Commission recommends approval of the conditional use permit (CUP) amendment (5 to 1) to <br />allow a restaurant to pursue a liquor license on the Property located at 2510 Kenzie Terrace <br />subject to the findings and conditions outlined in the staff report. <br />Mr. Papatola reviewed the Conditions as Building Permits, outdoor seating prohibited, Dumpster <br />screening and escrow to complete, amplification, hours of operation and landscaping and escrow <br />(deadline of June 1, 2016 installation and provide for a $1500 escrow). <br />Mr. Lorenzo Tejeda and Mr. Paul Marshall appeared before the Council and thanked the Council <br />for the opportunity. They are willing to comply with all conditions. They want to provide a great <br />service and operation for the City. <br />Motion by Councilmember Jenson seconded by Councilmember Brever, to approve Resolution <br />15 -074. a Resolution Approving a Conditional Use Permit (CUP) amendment to allow an <br />intensification of the restaurant use to include the sale of alcoholic bevera es on the rope rt <br />located at 2510 Kenzie Terrace and also adding item 8. To include the escrow of $1 12 for <br />landscaping. <br />Motion carried unanimous <br />GENERAL BUSINESS OF COUNCIL <br />A. Resolution 15 -075 a resolution Authorizing Issuance Awarding Sale Prescribing the <br />Form and Details and Providing for the Payment of $4,445.000 General Obligation TIF <br />Refunding Bonds Series 2015B <br />Ms. Stacie Kvilvang, Ehlers and Associates, stated the AA rating was upheld with a stable <br />outlook. The City has strong management, good financial policies and practices in place. She <br />summarized the report briefly. The City has rapid amortization. The bond sale was held earlier <br />December 8, 2015 and the lowest responsible bidder was Baird out of Milwaukee, WI with a true <br />interest cost of 2.316 %. <br />Mayor Faust stated the interest rate is amazing. This is re- financing and it is obtained at a lower <br />rate and saving the City $1M. <br />Motion by Councilmember Stille seconded by Councilmember Jenson to approve Resolution <br />15 -075: a Resolution Authorizing Issuance Awarding Sale Prescribing the Form and Details <br />and Providing for the Payment of $4.445,000 General Obligation TIF Refunding Bonds Series <br />2015B. <br />Motion carried unanimously <br />