2006.11.06 CC Minutes - Laserfiche WebLink

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City Council meeting of November 6, 2006 Page 3 APPROVE 2006-2007 ANNUAL TRAIL APPLICATION FROM HUGO SNOWMOBILE CLUB Each year, the Hugo Snowmobile Club submits its trail application to the City for the purpose of providing public recreational snowmobile trails during the winter. The application is for the four public trails outside of the popular Hardwood Creek Trail. City staff reviewed the application, along with the renewal of liability insurance coverage, which names the City as an additional insured. Adoption of the Consent Agenda approved the 2006-2007 annual trail application from the Hugo Snowmobile Club. APPROVE INCREASE IN PENSION BENEFIT LEVEL FOR HFD RELIEF ASSN. The Hugo Fire Department's Relief Association held a meeting last month in order to discuss the pension benefit that provides for pensions to those firefighters serving 10 or more years on the fire department. After discussion and analysis provided by Finance Director Ron Otkin, the relief association agreed to recommend to Council an increase of $100 per year of service effective January 1, 2007. This increase will not require a City contribution in calendar year 2007. Adoption of the Consent Agenda approved the pension benefit level to $2,500 effective January 1, 2007 for all members of the HFD Relief Association. APPROVE REQUEST CITY PROPERTY ON SUNSET LAKE FOR USE AS WEED DISPOSAL SITE In 2005, Council listened to a request from the Sunset Lake Homeowners Association, at which they requested use of the City -owned property on the southern edge of Sunset Lake, next to 125' Street, on which they wished to compost the weeds that had been harvested from the lake, in a MDNR-approved weed removal plan. Association president Jim Laumer has made an official request for the continued use of the property on which weeds would be composted in 2007 and which the association is appreciative for the City's support. Adoption of the Consent Agenda approved the continued use of the City property on the southern edge of Sunset Lake for a weed disposable site for the harvesting by the Sunset Lake Homeowners Association. APPROVE RESOLUTION CALLING FOR THE REDEMPTION OF TIF BONDS Council member Haas requested this matter be removed from the Consent Agenda for discussion. In 1997, the City issued taxable general obligation tax increment bonds in the amount of $320,000. The bonds were for the acquisition of property in the Bald Eagle Industrial Park. A call provision was included in the bond documents whereby all bonds maturing in the years 2008 through 2112 are subject to prepayment on February 1, 2007. Finance Director Ron Otkin reported that sufficient tax increments have been collected to allow for the prepayment of the remaining bond principal, with a savings of $41,000 to City taxpayers. Haas made motion, Petryk seconded, to adopt RESOLUTION 2006-61 CALLING FOR REDEMPTION OF CERTAIN OUTSTANDING BONDS FOR THE CITY'S $320,000 TAXABLE G.O. TAX INCREMENT BONDS, SERIES 1997. VOTING AYE: Granger, Haas, Petryk, Puleo, Miron Motion Carried.