2009.11.02 CC Minutes - Laserfiche WebLink

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Hugo City Council Minutes for November 2, 2009 Page 5 of 6 Haas made motion, Klein seconded, to schedule an additional clean-up day for Spring 2010. All Ayes. Motion carried. Resolution Approving Utility Revenue Bond Redemption In 2001, the City of Hugo issued 15 -year General Obligation Utility Revenue Bonds in the amount of $3,120,000 and used the proceeds to improve the water system, including the construction of two wells, two pumphouses, watermain extensions, and the north watertower. As is customary with municipal bond issues, a call provision was included in the bond documents whereby all bonds maturing in the years 2010 through 2017 are subject to early redemption. The Finance Department is recommending that the City Council adopt a resolution calling for the redemption of these bonds, thus saving approximately $328,000 in future interest payments. Finance Director Ron Otkin provided a brief presentation detailing the steps that must be taken to retire the bonds. Petryk made motion, Klein seconded, to approve RESOLUTION NO. 2009-37 AUTHORIZING THE CALL OF OUTSTANDING GENERAL OBLIGATION UTILITY REVENUE BONDS, SERIES 2001. All Ayes. Motion carried. Finance Director Ron Otkin informed the Council the City has received the $350,000 in tornado relief funds as approved by the 2009 Minnesota State Legislature. The Council discussed a request for reimbursement of the rest of the cost associated with the tornado. Miron made motion, Haas seconded, to prepare letter of appreciation to those that help secure the funds for the City of Hugo, and look for reimbursement for the additional costs. All Ayes. Motion carried. Update on Stormwater CIP/JD#2 Minor Maintenance Water Resource Engineer Pete Willenbring has been working with the Rice Creek Watershed District (RCWD) to develop a Stormwater CIP for the City that will stress regional solutions as well as storm water reuse. Pete explained that when the background for the CIP is complete, the information will also be used to update the City's Stormwater Plan. Public Works Director Scott Anderson and Senior Engineering Technician Steve Duff have canoed the entire stretch of Hardwood creek from Rice Lake to TH61 and identified many areas in need of minor maintenance. The City has obtained all the necessary permits to complete minor maintenance projects within Judicial Ditch 2 (Hardwood Creek), and Pete suggested the City select minor maintenance projects for completion this year not to exceed the annual amount of $40,000 allotted by RCWD. Petryk made motion, Haas seconded, to direct WSB Engineering and the Public Works Department to obtain appropriate quotes for next years work and use the remaining money for this year on minor maintenance projects.