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City Council meeting of June 7, 2004 <br />Page 2 <br />Granger made motion, Petryk seconded, to approve the agenda for June 7, 2004 as amended. <br />All aye. Motion Carried. <br />AWARD SALE OF BONDS FOR PW FACILITY (PAUL STEINMAN, SPRINGSTED INC) <br />At its April 19, 2004 meeting, Council directed staff to prepare for the sale of bonds for construction of <br />the new public w9rks facility. On Monday, June 7, 2004 at 2:00 pm, the City's financial advisor, <br />Springsted Inc., accepted bids for the sale of $2.56 million dollars in bonds. Paul Steinman reported on <br />the five bidders on the bond sale, with Wells Fargo being the low bidder at an interest rate of 4.17%. <br />Paul also reviewed with Council the latest ratings report from Moody's Inc., which upgraded the City's <br />bond rating from A3 to Al. Council thanked Finance Director Ron Otkin for all his efforts. <br />Haas made motion, Granger seconded, to adopt RESOLUTION 2004-39 AWARDING BID FOR THE <br />SALE OF $2.56M G.O. CAPITAL IMPROVEMENT BONDS, SERIES 2004A, TO WELLS FARGO <br />BROKERAGE SERVICES AT AN INTEREST RATE OF 4.1796%. <br />VOTING AYE: Granger, Haas, Petryk, Puleo. <br />Motion Carried. <br />CONSENT AGENDA <br />Haas made motion, Granger seconded, to approve the following Consent Agenda: <br />Approval of Claims <br />Approve Tobacco License for Oneka Ridge Golf Course <br />Approve Minor Subdivision at 13375 Elmcrest Avenue North (LaCasse) <br />Approve Minor Subdivision at 5030 165' Street North (Olson) <br />Approve Meeting on June 10, 2004, 4:30 pm, to Attend Bridge Dedication @ Fable Hill <br />Approve Landscape Plan for Beaver Ponds Park <br />Approve Purchase of Rubber Tracks for S250 Bobcat Skid Steer <br />Approve Variance for Deck at 4784 Europa Trail North (Halonen) <br />Approve Variance for Accessory Building at 9085 122nd Street North (Zurn) <br />Approve Variance for Accessory Building at 12280 Goodview Avenue North (Schmidt) <br />Approve Site Plan for New Pavilion at St. John the Baptist Church <br />Approve CUP for Sign (New Life Church) <br />Approve Use of Lions Parks for Culpepper & Meriwether Circus on July 31, 2004 <br />Approve Renewal of Auto Dismantling License (Hugo Auto Parts) <br />All aye. Motion Carried. <br />APPROVAL OF CLAIMS <br />Adoption of the Consent Agenda approved the claims roster for June 7, 2004 as presented. <br />