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1 <br />2 <br />3 <br />4 <br />5 <br />6 <br />7 <br />8 <br />9 <br />10 <br />11 <br />12 <br />13 <br />14 <br />15 <br />16 <br />17 <br />18 <br />19 <br />20 <br />21 <br />22 <br />23 <br />24 <br />25 <br />26 <br />27 <br />28 <br />29 <br />30 <br />31 <br />32 <br />33 <br />34 <br />35 <br />36 <br />37 <br />38 <br />39 <br />40 <br />41 <br />42 <br />43 <br />44 <br />45 <br />46 <br />47 <br />City Council Regular Meeting Minutes <br />June 10, 2025 <br />Page 2 <br />VII. PUBLIC HEARING. <br />A. Resolution 25-043 — Approving On -Sale Intoxicating Liquor License for Rincon <br />Catrachito Located at 2510 Kenzie Terrace. <br />City Manager Charlie Yunker reviewed this is for a resolution to approve an On -Sale <br />Intoxicating Liquor License for Rincon Catrachito located at 2510 Kenzie Terrace. The City <br />limits the number of on -sale intoxicating liquor licenses; at any one time, the City shall not issue <br />more than 4 on -sale intoxicating liquor licenses. Currently, there are three establishments with <br />this type of liquor license. Staff has completed background checks, and staff is recommending <br />approving the On -Sale Intoxicating Liquor License. <br />Mayor Pro Tern Jenson opened the public hearing at 7:09 p.m. <br />Mr. Yunker read a written statement from the applicant since he was unable to attend the <br />meeting. <br />Mayor Pro Tern Jenson closed the public hearing at 7:11 p.m. <br />Motion by Councilmember Doolan, seconded by Councilmember Elnagdy, to approve <br />Resolution 25-043 — Approving On -Sale Intoxicating Liquor License for Rincon Catrachito <br />Located at 2510 Kenzie Terrace. <br />Motion carried 4-0. <br />VIII. REPORTS FROM COMMISSION AND STAFF - NONE. <br />IX. GENERAL BUSINESS OF COUNCIL. <br />A. Resolution 25-044 — Providing for the Sale of General Obligation Improvement Bonds, <br />aeries 2025A. <br />Ehlers Associates Senior Municipal Advisor Stacie Kvilvang reviewed an Executive Summary <br />of the Proposed Debt. The proposed issue is for $1,725,000 General Obligation Improvement <br />Bonds, Series 2025A. The proposed issue includes financing for the 2025 road and utility <br />improvement projects. <br />$630,000 Improvement Portion — This portion of the Bonds is being issued for 15 years. <br />The City is utilizing $522,541 in utility funds (sewer/water and stormwater) and <br />$122,270 in infrastructure funds up front to pay for portions of the project to reduce the <br />amount of debt needed to finance the project and reduce the need for a higher on -going <br />levy. Debt service will be paid from special assessments and taxes. The City intends to <br />levy a total of $185,891 in special assessments to benefitting property owners and <br />anticipates receiving no prepaid assessments. The special assessment will be collected in <br />years 2026 to 2040 at a rate of 2% over the True Interest Costs of the Bonds. Annual <br />assessments will be paid on an equal principal basis. <br />