CC MINUTES 12171985 - Laserfiche WebLink

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-7- When Councilmember Enrooth asked him whether he would be bonded, the applicant • indicated he carried professional liability insurance and said he knew of no other type of fidelity bond available to an auditing firm. Mr. Childs indicated the cities he had been associated with in the past had both firms and individuals doing their audits which he perceived had no effect on either their bond ratings or acceptability to the State Auditor. Mr. Bonniwell indicated he believed he had more experience doing municipal audits than the other bidder would have without him. Motion by Councilmember Marks and seconded by Councilmember Ranallo to appoint, Stuart Bonniwell , CPA, to do the 1985 City and H.R.A. audits for St. Anthony. Motion carried unanimously. Mrs. Johnson had- submitted a listing of the City's current investments as a reference for Council direction to staff regarding investment policy as applied to future bond proceeds., etc. Mr. Bonniwell provided input to that discussion. The general consensus was that the Finance Director should continue to follow a more careful , conservative approach to investing, because, as Mayor Sundland observed, "The City had neither the capacity or right to gamble with residents ' money". However, Councilmember Ranallo suggested, the funds could be moved around from one financial establishment to another whenever a higher rate was possible with no risk involved. Copies of Police Chief Don Hickerson' s December 16th recommendations related to the type of vehicles which his department should purchase were distributed and accepted • by the Mayor and Councilmembers in the following: Motion by Councilmember -Marks and seconded by Councilmember Ranallo to authorize the purchase through the Hennepin County Purchasing Consortium of two Celebrity Chevrolet vehicles at a cost of $11 ,276.64 per unit, to be used by the Police Department as marked squad cars. Motion carried unanimously. The Chief's December 16th recommendations to modify the City alarm ordinance to comply with mandated State licensing of alarm companies were also followed. Motion by Councilmember Ranallo and seconded by Councilmember Enrooth to approve the first reading of Ordinance 1985-004. ORDINANCE 1985-004 AN ORDINANCE RELATING TO ALARMS; AMENDING SECTION 540:25 b, REPEALING SECTIONS 450:25 d.l , 450:30 AND 450:35 a; AND AMENDING SECTION 450:35 b Motion carried unanimously. Copies of the Fire Department Medical .Director's November 19th and Firefighter Don Drusch' s November 17th memoranda recommending the purchase of the cardiac defibrillator equipment from Cardiac Resuscitator Corporation had been included • in the Council agenda packet.