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1 <br />Ms. Stacie Kvilang from Ehlers & Associates summarized the bonds before the Council for 2 <br />consideration. They will be used to finance the 2016 road reconstruction projects and to finance 3 <br />water quality and flood improvements to Mirror Pond, the City’s regional storm water pond and 4 <br />complete nearly 1.5 miles of new sidewalk construction and ADA upgrades at eight intersections 5 <br />to improve pedestrian safety in the City. Both bonds will have an 8 year call. Councilmember 6 <br />Stille stated the first payment will be made in February 2017, which will be paid by a grant from 7 <br />the federal government. 8 <br /> 9 <br />Motion by Councilmember Stille, seconded by Councilmember Jenson, to approve Resolution 10 <br />16-030 a Resolution Providing for the Sale of $1,510,000 General Obligation Improvement 11 <br />Bonds, Series 2016A and $1,495,000 General Obligation Tax Abatement Bonds, Series 2016B. 12 <br /> 13 <br />Motion carried 5-0 14 <br /> 15 <br />C. Resolution 16-031 a Resolution Relating to a Tax Abatement by the City on Certain 16 <br />Property Located in Ramsey County, Calling for a Public Hearing. 17 <br /> 18 <br />Ms. Stacie Kvilang from Ehlers & Associates reviewed this is in regards to the Tax abatement 19 <br />bonds. The Public Hearing will be held on April 12, 2016 at 7:00 p.m. at City Hall. 20 <br /> 21 <br />Motion by Councilmember Gray, seconded by Councilmember Brever, to approve Resolution 22 <br />16-031 a Resolution Relating to a Tax Abatement by the City on Certain Properties Located 23 <br />within the City and in Ramsey County; Calling for a Public Hearing. 24 <br /> 25 <br />Motion carried 5-0 26 <br /> 27 <br />D. Resolution 16-032 a Resolution Supporting the Submittal of a Hennepin County Bicycle 28 <br />and Sidewalk Grant Application. 29 <br /> 30 <br />City Manager Casey reviewed the resolution supporting the application to the Hennepin County 31 <br />Bicycle and Sidewalk Grant Program. The grant would be used to assist in the completion of 32 <br />construction of sidewalk on the south side of 37th Avenue from Stinson Boulevard to Highcrest 33 <br />Road and the construction of sidewalks associated with ADA improvements at four intersections 34 <br />within Hennepin County. 35 <br /> 36 <br />Mayor Faust asked if this was a new program. City Manager Casey stated it was brought to 37 <br />staff’s attention by Hennepin County. 38 <br /> 39 <br />Councilmember Jenson asked if this is in addition to the current safe walkway to school grant 40 <br />and Mr. Casey stated it is in addition to the current grant. 41 <br /> 42 <br />Motion by Councilmember Brever, seconded by Councilmember Gray, to approve Resolution 43 <br />16-032 a Resolution Supporting the Submittal of a Hennepin County Bicycle and Sidewalk 44 <br />Grant Application. 45 <br /> 46 <br />Motion carried 5-0 47 <br /> 48 <br />3