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August 27,2013 Page 3 of 7 <br /> proposed subdivision is not to create a new developable lot, rather to allow the adjacent <br /> property at 1923 3rd Street NW to obtain additional land. The proposal is to subdivide off <br /> 2,622 SF of property at the 3rd Street NW frontage, which would then be legally combined with <br /> the existing lot adjacent at 1923 Third Street NW. This unique lot configuration is due to a <br /> large pond that lies between 3rd Street NW and Bicentennial Court. Both lots, pre and post <br /> subdivision, meet the minimum area and width standards of the R-1 Single Family Residential <br /> zoning district. City Planner Gundlach explained that City Code Section 26-18 outlines which <br /> projects are eligible for Minor Subdivision approval versus a Preliminary and Final Plat. Due <br /> to the fact this subdivision is of small size and conditions are well defined, only a Minor <br /> Subdivision was necessary. As stated in Section 26-18(1) the Council shall hold a public <br /> hearing and proper published and mailed notice has been completed to property owners within <br /> 350 feet. Staff recommends approval of the request contingent on the applicant legally <br /> combining proposed Parcel A with 1923 3rd Street NW. <br /> Motion by Councilmember Jacobsen, seconded by Councilmember Burg to open the <br /> Public Hearing. <br /> 5 Ayes,0 Nays-Motion Carried <br /> The Public Hearing was opened at 7:41 p.m. <br /> Mayor Jacobsen asked for additional comments, there were none. <br /> Motion by Councilmember Burg, seconded by Councilmember Samuelson to close the <br /> Public Hearing. <br /> 5 Ayes,0 Nays-Motion Carried <br /> The Public Hearing was closed at 7:41 p.m. <br /> Motion by Councilmember Burg, seconded by Councilmember Jacobsen to adopt a <br /> Resolution approving the subdivision subject to the condition of the applicant legally <br /> combine the newly subdivided parcel with 1923 3rd Street NW. <br /> 5 Ayes,0 Nays-Motion Carried <br /> Council Business <br /> 1. Acceptance of <br /> Council Business Second Quarter <br /> 1. Acceptance of Second Quarter Interim Financial Statements. Report No. 13 205. Interim nt pl <br /> Statements.s. R�ortNo. <br /> 13-205. <br /> City Manager Lotter indicated Director of Finance Maiers would be discussing the Second Quarter Financials <br /> with the Council this evening. <br /> Director of Finance Maiers reviewed the Second Quarter Interim Financial Statement with the Council in <br /> detail. He discussed the general fund revenues that have been generated by the City through the end of the <br /> second quarter. Staff then discussed the general fund expenditures in detail. He estimated the General Fund <br /> would have a favorable variance of$176,000 by year end. Staff recommended the Council accept the second <br /> quarter interim financial statements for 2013. <br /> Councilmember Burg thanked staff for the thorough report this evening. <br /> Councilmember Jacobsen and Councilmember Samuelson concurred. <br /> Councilmember Bauman appreciated staffs efforts as well and was proud of the Council's ability to hold the <br /> budget and keep expenses to a minimum. <br />