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