2002.08.05 CC Minutes - Laserfiche WebLink

Home

City Council meeting of August 5, 2002 Page 8 including the Official Statement, to prepare for the sale. Proposals were opened Monday morning, August 5, 2002 at Springsted, Inc. Paul Steinman from Springsted, Inc., was at the meeting to present the bids and advise the Council. The low bidder was United Bankers Bank at an interest rate of 2.56%. Mr. Steinman also advised that the City had a bond rating of A3 as set by Moodys. Miron made motion, Haas seconded, to award the sale of the General Obligation Equipment Certificates in the amount of $440,000 to United Bankers Bank at an interest rate of 2.56% (Resolution 2002-38). All aye. Motion Carried. EOR ENGINEERS (COST BREAKDOWN FOR JD2 CULVERT REPLACEMENTSI RCWD engineer Jodi Polzin with EOR and Associates, prepared a summary of costs for engineering and construction of the culvert replacement on JD2 for the intersection of 157" Street and 165" Street respectively. The cost range estimate for the City's portion is $98,386 to $159,817. The total of state bridge bond fiords solicited for the project is $198,228, which brings a total culvert replacement construction cost of $358,045. Jodi was present at the Council meeting to discuss with Council these estimates, as well as the work schedule for the project. Funding for this project will be discussed at the "to be ' scheduled Council budget workshop. No formal Council action was required. WEST ONEKA LAKE STUDY Water Resource Engineer Pete Willenbring from WSB Engineers was present to discuss with Council an update on the West Oneka Lake Study project. Pete stated that the City would need signed agreements from the three large property owners to make this a viable project. Again, City staff recommended that Council consider any City budget impacts at the recommended budget workshop. Haas made motion, Munn seconded, directing staff to provide funding options in order to go ahead with the project, and schedule a meeting with affected residents. VOTING AYE: Granger, Haas, Petryk, Miron ABSTAINED: Puleo Motion Carried. CITY STORMWATER MANAGEMENT PLAN TO RCWD Water Resource Engineer Pete Willenbring was present before Council to discuss and provide an update on the City's stormwater management plan, which has been presented to the RCWD for final approval. Miron made motion, Haas seconded, to table this matter to allow staff to draft an agreement in the City's best interest with the RCWD. All aye. Motion Carried.