1994.01.24 CC Minutes - Laserfiche WebLink

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City Council meeting of January 24, 1994 Page _ WALLER DRAINAGE COMPLAINT" The City has attempted to reach a suitable resolution to the Wallers' concerns reqarding increased water drainage from the Evergreen Halls subdivision. At the Council meeting of December S, 1993, staff presented the Council with a report on the circumstances surrounding the Wallers' complaint and options for its resolution. At that meeting, the Wallers expressed an interest in redirecting the flow of water from a large pond on Homestead Avenue across the northern section of the Wallers' property. This request was researched by the City Engineer, and determined not to be satisfactory by either the City or the Wallers. Staff felt that additional information is not required to make a determination on the Wallers' complaint. It was the Administrator's recommendation that the Council send a letter to the Wallers stating_ that no further action will be taken on their complaint. Miron made motion, Barnes seconded, that a letter be sent to the Waller family stating that no further action will be taken on their drainage complaint. All aye. Motion Carried. STOLTZMAN AGREEMENT Based on discussions at the last Council meeting, and continued negotiations, an amended draft Agreement for the Stoltzmans was prepared for Council review. Walter L. Stoltzman read from a prepared letter stating that his family was withdrawing their application for a Special Use Permit. Mrs. Laura Stoltzman also addressed the Council reading from a prepared statement. LeroUX made motion, Miron seconded, that the City Council accepts the three options, as prepared by the City Attorney, to resolve the Stoltzman matter, and that they be forwarded to the Stoltzman family, or its representative, given them the option to accept or reject all three options. VOTING AYE: Barnes, Brunotte, Leroux, Miron ABSTAINED: Stoltzman Motion Carried. AMENDED TRUST DECLARATION RESOLUTION t4M FUND The 4M Fund, a Joint Powers Trust created under the auspices of the League of Minnesota Cities, requested that the City adopt a resolution authorizing a change to the Trust Agreement, which would allow the 4M Fund to make investments for their money-market fund in excess of one year. The change would not have an impact on the City's investment, and would allow the Fund to seek improved return on investment in the money-market funds given current low, short-term interest rates. Staff had no objection to the change in Trust, and recommended approval of the resolution.