2019.03.04 CC Minutes - Laserfiche WebLink

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Hugo City Council Meeting Minutes for March 4,2019 Page 5 of 9 City's new Senior Engineering Technician effective March 11, 2019. Staff anticipated retaining Steve Duff in a part-time capacity as needed. Approve Resolution Authorizing Call of Outstanding 2007 G.O. Improvement Bonds In September 2007, the City issued $1,230,000 of G.O. Improvement Bonds to finance improvements on 129x' Street and Oakshore Park Subdivision. The bonds were issued for 15 years with interest rates ranging from 4.0% to 4.15%. Assessments were levied against benefitting properties to finance bond repayment. As of recent, the principal remaining on the bonds was $260,000. These bonds were now callable, and funds were available to pay off the issue. After factoring in the cost of redemption, the City would achieve a net present value benefit of$20,460. Since sufficient savings would be realized to proceed with the early retirement of these bonds, staff recommended Council approve a resolution authorizing the call of the outstanding G.O. Improvement Bonds of 2007 effective May 1, 2019. Adoption of the Consent Agenda approved RESOLUTION 2019-11 AUTHORIZING THE CALL OF THE OUTSTANDING GENERAL OBLIGATION IMPROVEMENT BONDS, SERIES 2007A. Approve Pay Request No. 1 from CB&I, LLC for Water Tower#4 Construction CB&I, LLC, had submitted Pay Request No. 1 for the construction of Water Tower No. 4. It is common for cities to pay the contractor for their overhead costs, engineering and preparation/delivery of submittals on this type of project before the construction work begins. Site activity would begin in March with piles being driven for the foundation. Once a firm schedule is known, an update would be placed on the City website. Adoption of the Consent Agenda approved Pay Voucher No. I for the Water Tower No. 4 project in the amount of $108,025.09. Approve Purchase of 2007 Caterpillar Pneumatic Tire Compactor During the Gravel Roads Workshop held on June 18, 2018, there was discussion on the importance of compacting the gravel roads in conjunction with the grading operations. Staff was directed to explore options in purchasing compaction equipment, and money was included for this in the 2019 budget. Staff had located a 2007 Caterpillar Pneumatic Tire Compactor at a cost of$36,500 through Ziegler Caterpillar located in Nevada. Staff was working to have the equipment inspected, and if satisfactory, a purchase would be negotiated and the equipment delivered to Ziegler Caterpillar in Columbus, MN. Purchase of this equipment would eliminate the need to rent similar equipment at an annual cost of$4,500. Adoption of the Consent Agenda approved the purchase of a 2007 Caterpillar Pneumatic Tire Compactor for the price of$36,500 from Ziegler Caterpillar. Approve Appointment of Jason Palmquist as the Training Lieutenant on the Fire Department Fire Chief Kevin Colvard had selected Jason Palmquist to be the new Training Lieutenant on the Hugo Fire Department. Adoption of the Consent Agenda approved the appointment of Jason Palmquist as the Training Lieutenant effective March I, 2019.