CC PACKET 07281992 - Laserfiche WebLink

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1 REGULAR COUNCIL MEETING JULY 14 , 1992 PAGE 5 4 5 6 by Cable TV North Central . City Attorney Soth concurred 7 with this opinion, but he is reviewing the resolution for 8 Council consideration . He stated that the resolution will 9 be on the agenda for the next regular Council Meeting. 10 11 D. Report of the City Manager 12 13 1 . Issuance of Debt 14 15 Noting that the present rates of interest are relatively 16 low, the City Manager suggested the Council may want to 17 consider borrowing funds to complete some projects which 18 have been under consideration. He felt the current rates 19 are from six percent to six and one half percent . 20 21 The Pavement Management Study is completed. The City 22 Manager cited this as one example of projects which could 23 be considered. 24 25 He has contacted the City' s financial advisor, Bob 26 Thistle of Springsted, Inc. to discuss this matter. His findings will be included on the agenda of the first Council Meeting in August . 9 30 2 . Central Avenue Parade 31 32 The City. Manager advised this parade conflicts with a 33 scheduled meeting of the City Council . He suggested that 34 he could adjust the meeting starting time if members of 35 the Council so chose. 36 37 After some discussion, it was decided to leave the 38 meeting as scheduled and members of the Council would not 39 ride in the parade. 40 41 3 . Silver Lake Water Quality 42 43 Councilmember Enrooth has noticed that the water in 44 Silver Lake has a" brownish" appearance and feels the 45 runoff from the Wexford Heights development has severely 46 impacted the water quality. 47 48 The City Manager noted he has commented on the negative 49 impact the Wexford Heights development has had on the 50 lake as well as on the ponds on the Salvation Army Camp 51 property . He feels the developer has a very poor track 52 record on controlling the silt which comes from the area aand on keeping the fences maintained.