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City Council Regular Meeting Minutes July 22, 1997 Page 10 1 Mr. Hubmer stated these records are available through Ramsey County. He stated he would 2 contact the County and supply the City with the necessary information tomorrow. 3 Motion by Enrooth, second by Faust for preliminary approval of the Comprehensive Water 4 Resource Plan as submitted. 5 Motion carried unanimously. 6 IX. NEW BUSINESS. 7 A. Approve Sale of Bonds of SAV 2. 8 Mr. Bob Thistle, Sprinsted Inc., reported Springsted, Inc. had been authorized to negotiate 9 $940,000 in liquor revenue bonds for the City of St. Anthony. On July 8, he had indicated 10 that the projected interest rate of those bonds would be 5.986%. At 4:00 P.M. this afternoon, 11 final negotiations resulted in a rate of 5.81% or 5.82%. This will result in a savings of 12 $12,000 to $13,000. He stated the coverage of well over 2% was maintained. 13 Motion by Wagner, seconded by Faust to award the bid of Liquor Revenue Bonds for SAV 2 14 to Gordia Dawkins as per Springsted, Inc. 15 Motion carried unanimously. 16 VII. REPORTS - Continued. 17 E. Councilmembers. 18 Wagner reported his attendance at the first Parks Task Force Meeting. The members agreed 19 to survey Silver Point and Emerald Parks and discuss these parks at the next meeting. 20 Wagner stated it was a good meeting. 21 Mornson noted it.may be necessary for the Parks Task Force and the Storm Drainage Task 22 Force to have a joint meeting as some of the issues they are discussing are related. 23 Faust reported that he and Councilmember Wagner had attended an Open House in regard to 24 the Legislature which was given by Senator Marty, Representative McGuire and Roseville 25 Area Representative Mindy Grieling. The issues discussed included levy limits, property tax 26 reform, right-of-way issue, the 25 member County Roles and Responsibility Committee, and 27 the issue that schools and cities are a special interest group. Faust stated the three 28 Representatives seemed very receptive. 29 Faust reported the following Thursday he attended a League of Minnesota Cities Meeting on 30 Fiscal Futures. A need to pare down the issues which were supported and opposed to form a 31 more philosophical approach was discussed. 32 Faust reported he also attended the Planning Commission meeting on July 15 as a Task Force 33 Member to discuss the Comprehensive Plan Update.