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City Council Regular Meeting Minutes February 25, 2014 Page 4 1 Motion by Councilmember Gray, seconded by Councilmember Stille, to approve Resolution 14- 2 024; a Resolution Providing for the Sale of $2,070,000 General Obligation Improvement Bonds, 3 Series 2014A. 4 5 Motion carried 3-0. 6 7 C. Resolution 14-025; 2014 Street Improvement Bond Reimbursement. Stacie Kvilvane, 8 Ehlers & Associates, presenting. 9 10 Ms. Kvilvang advised that this resolution states the City's intent to bond for public 11 improvements and represents a housekeeping resolution. She stated that the City cannot expend 12 dollars prior to issuing bonds and the resolution preserves the City's option to finance the cost of 13 a project with tax-exempt obligations and to reimburse itself once the bonds are issued. 14 15 Motion by Councilmember Stille, seconded by Councilmember Gray, to approve Resolution 14- 16 025; a Resolution for the 2014 Street Improvement Bond Reimbursement. 17 18 Motion carried 3-0. 19 20 D. Presentation by Jim Grube, Hennepin County Engineer. 21 22 Mayor Pro Tem Roth introduced Mr. Jim Grube, Hennepin County Engineer. 23 24 Mr. Grube stated that the last time he spoke with the City Council, the Silver Lake Road 25 reconstruction project was discussed and he indicated it was a pleasure working with the City 26 and City Council on this project. He extended thanks to Public Works Director Hartman and the 27 City's Public Works staff for the assistance provided to the County on an annual basis. He 28 presented Hennepin County's Public Works Department's organizational chart and distributed a 29 brochure published by Hennepin County. He discussed the LED pedestrian crossing on Silver 30 Lake Road and stated the County is interested in partnering with the City on a similar crossing at 31 Kenzie Terrace at Pentagon. He acknowledged City Manager Casey's letter requesting that the 32 County consider improvements to County Road C at the same time as Ramsey County's planned 33 improvements and advised that the County does not have the money right now to complete these 34 improvements. He explained there are currently about fifty projects for which funding is not 35 available and stated that the cost of the projected improvements on County Road C is 36 approximately $2 million and acknowledged that it makes sense to complete this portion of 37 County Road C at the same time as Ramsey County but funding is not available. He encouraged 38 the City to think about other improvements where the County can provide assistance and stated 39 the County can help with sidewalk projects that the City believes are important along the county 40 road system, adding that he is happy to discuss these projects with the City. He advised that the 41 County Board implemented a $10 wheelage tax that will generate $8.7 million annually and $6.7 42 million has been made available for operational improvements such as the Stinson Boulevard 43 overlay, New Brighton Boulevard and Kenzie Terrace pavement work, and improvements to 44 traffic signals to install battery backups on several traffic signals. He added they also plan to use 45 some of this funding for traffic signal timing improvements. 46