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City Council Regular Meeting Minutes February 13, 2007 Page 6 Mayor Pro Tem Horst asked when the park would open. Mr. Hahn replied most of the buildings have been demolished. Ile stated the design for the Visitor Center is undergoing Board of Commissioner review. He stated they hope to draw up plans for Visitor Center this year, with potential construction to start in 2007. I -Ie anticipates early 2009 as the estimated opening date. 8 Mayor Pro Tem IIorst asked if the parking area east of the main circle that is dirt is planned for 9 grass parking. 10 11 Ms. MacLeod replied any area not planned for parking would be reseeded as grassy area. She 12 stated the shoulders might have some gravel. 13 14 Councilmember Stille asked about the hours of operation. 15 16 Mr. Hahn replied he hours are 5 a.m. to sunset throughout the park system. 17 18 Motion by Councilmember Gray, seconded by Councilmember Tliuesen, to approve Resolution 19 07-027, Approving the Silverwood Park Parking Plan as Outlined in the October 2006 20 Silverwood Park Parking Study. 21 22 Councilmember Stille stated the Planning Commission heard a presentation on the parking plan. 23 IIe asked City Manager Morrison if this was for information only as the Planning Commission 24 made no recommendation. 25 26 City Manager Mornson replied that was correct. The only provision in the ordinance was for the 27 City Council to approve the parking plan. He indicated the City has a very good relationship 28 with Three Rivers staff and he feels any issues would be corrected. 29 30 Motion carried unanimously. 31 32 B. Resolution 07-028; Calling for Bond Sale. Stacie Kvilvang, Ehlers & Associates 33 34 Ms. Stacie Kvilvang, Ehlers & Associates, reported on the calling for a bond sale in the amount 35 of $2,050,000 to finance the 2007 road reconstruction projects. She stated the bonds would be 36 issued under Minnesota Statutes, Chapters 429 and 475, and paid for by special assessments and 37 special levy. 38 39 Ms. Kvilvang stated the Improvement Bonds would be issued for a 15 -year period, with principal 40 on the bonds due on February 1 in the years 2009 through 2023. She explained the bonds 41 maturing on February 1, 2015, and thereafter would be subject to prepayment at the discretion of 42 the City on February 1, 2014. 43 44 Ms. Kvilvang explained the special assessments amount to $523,454 and would be levied in the 45 years 2007 through 2021 for collection in 2008 through 2022 at a rate of 2.0 percent per annum