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<br />Page 3 - May 22, 2007 New Brighton Council Minutes
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<br />5.
<br />
<br />Consideration of Final Payment for Project 06-5, PGRS Vertical Pivot
<br />Gate. Report No. 07-115.
<br />
<br />6.
<br />
<br />Consideration of Contract Award for the Sale of Class 7 Aggregate.
<br />Report No. 07-116.
<br />
<br />7.
<br />
<br />Consider Accepting Feasibility Study and Setting Public Hearing Date
<br />for Bicentennial Pond Storm Water Pond Improvements. No.
<br />07-117.
<br />
<br />8. Acceptance of donation from Bel Air Parent Teacher
<br />Report No. 07-118. Resolution No. 07-046.
<br />
<br />Motion by Councilmember Doffing, seconded by Counci.m~nlljer Burg to
<br />consent agenda as presented.
<br />
<br />4 Ayes - 0 Nays, Motion Carried
<br />
<br />Public Hearin~
<br />None
<br />
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<br />1. Resolution AwarQ~:g? the~~le,Qf~~.?5,OOO.CX,~neral Obligation
<br />Improv~I"rl~nt Bofi~~:ji.~,,~r~~$2001A;>filci:g~Their Form and
<br />Speg!.fj.~f;t.HP.:g~;",,])irec:ti.:g~Their Executi6n/€tnd Delivery; and Providing
<br />fo ,. .eii Payii'ieJ'1t. ReppftNo.07-119. Resolution No. 07-047.
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<br />Diredt:~~!!;!()f Finance Dadii~~ers~~Plflined both items 1 and 2. The first
<br />bonds(2~~Z A) were issued~~.flnanG~the 2007 street reconstruction
<br />project 01~()1... The bonds a~~/structured to be repaid annually between
<br />2009 and 201Q....)!;i!:!
<br />Kathy Aho, repre~~:gting SBriJ;'lgstead reported the City received a bond
<br />rating of AA3 whiCP..i~l:>SI1efiCial in determining interest rates. Ms. Aho
<br />gave an overview ofe~.9l'l.of the bond resolutions.
<br />
<br />Motion by Councilmember Doffing, seconded by Councilmember Burg to waive
<br />the reading and adopt the resolution awarding the sale of $455,000 general
<br />obligation improvement bonds, series 2007a fixing their form and specifications;
<br />directing their execution and delivery; and providing for their payment.
<br />
<br />07-1, 2007 Street
<br />Reconstruction.
<br />Report No. 07-114.
<br />Resolution No. 07-045.
<br />
<br />5. Consideration of Final
<br />Payment for Project 06-5, P<
<br />vertical Pivot Gate. Report]
<br />07-115.
<br />
<br />6. Consideration of Contrac
<br />Award fur the Sale of Class '
<br />Aggregate.
<br />Report No. 07-116.
<br />
<br />7. Consider Accepting
<br />Feasibility Study and Settin;
<br />Public Hearing Date for
<br />Bicentermial Pond Storm W
<br />Pond Improvements. RepoI
<br />No. 07-117.
<br />
<br />No. 07-118.
<br />No. 07-046.
<br />
<br />Public Heariol!
<br />None
<br />
<br />Council Business
<br />1. Resolution Awarding
<br />Sale of $455,000 Genen
<br />Obligation Improvement
<br />Bonds, Series 2007 A;
<br />Fixing Their Form and
<br />Specifications; DirectinE
<br />Their Execution and
<br />Delivery; and Providing
<br />Their Payment. Report 1\
<br />07-119.
<br />Reoolution No. 07-047.
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