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City Council Regular Meeting Minutes March 26, 2013 Page 3 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 Councilmember Stille noted the City is selling these bonds at 21 basis points less than previously thought and it appears the Federal sequester did not impact the bond sale. He also requested further information regarding the seven year call on the bonds. Ms. Kvilvang advised that a seven year call is standard and means in year seven the City would be able to pay off the bonds or refinance them. Councilmember Stille indicated this could be the last year that rates are below 2% and the City needs to keep this in mind and do whatever it can in the near term to manage its interest rate risk. Ms. Kvilvang stated they have been discussing this issue with Mr. Casey and Ms. Rueckert and will provide options to the City Council in the near future. Motion by Councilmember Roth, seconded by Councilmember Jenson, to approve Resolution 13-033; a Resolution Authorizing Issuance, Awarding Sale, Prescribing the Form and Providing for the Payment of $1,775,000 General Obligation Bonds, Series 20138. Motion carried unanimously. C. St. Anthony Public Works Annual Report. Jay Hartman, Public Works Director, presenting. Public Works Director Hartman presented the 2012 Public Works Department annual report and stated the Public Works Department is divided into five divisions with twelve maintenance staff and two management personnel. He stated the Street Division performed eight street sweepings in 2012 and the City used 200 tons of salt during 14 snow events in 2012-2013 with minimal sand used this year. He stated the Parks Division is responsible for all City parks and also takes care of the City's storm water retention ponds. He advised the Water and Sewer Division is responsible for hydrant flushing and during 2012-2013, the Water and Sewer Division repaired ten water main breaks and four service leaks. He indicated the Vehicle Maintenance Division provides fleet maintenance of all City vehicles and current staff is trained and licensed to service all vehicles. He discussed the City's sheet and utility improvement program and stated the City's 2012 projects included a biofiltration ditch improvement project on Foss Road as well as completion of the final report on the Mirror Lake Industrial Park flooding. Ile stated that proposed water and sewer system improvements include the inline storm sewer treatment system at Highway 88 and Lowry Avenue being funded by a grant from MWMO as well as the Silver Lake carp removal project and installation of an alum system at Salo ponds to improve water quality. He stated the Public Works Department installed an in -pavement crosswalk at 34`" and Silver Lake Road and installed a flashing stop sign at 29°i and Crestview. He added that a flashing stop sign is planned for 33`d and Rankin and the City is working with the County to install an in -pavement crosswalk near Kenzie Terrace and Pentagon Drive. Ile advised the City was recognized at the League conference as a Green Step 3 City and will work toward achieving Green Step 4 status in 2013. He expressed appreciation to the St. Anthony Sports Boosters for a $500 grant that will be used to offset the cost of field marking paint. He discussed the City's sustainability projects including a regional indicators project to determine the City's carbon footprint adding that the report regarding the City's carbon footprint will be communicated to residents once the report is done. He reminded residents of the annual cleanup day on Saturday,