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