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August 13,2019 Page 2 of 5 <br /> Mayor Johnson stated Finance Director Davitt would be presenting this item to the Council. <br /> Finance Director Davitt reported the City recently received a bond upgrade from AA to AA+from Standard <br /> &Poor's. She explained a City's bond rating measured the City's financial strength and ability to make <br /> payments in a timely manner. She indicated the last time the City received an upgrade was in 2009. She <br /> described the tour staffcompleted with Standard&Poor's representatives and discussed how the improved <br /> bond rating would benefit the City through reduced interest rates. She reviewed the comments staff received <br /> from Standard&Poor's noting the City had strong financial policies and practices in place. <br /> Terri Heaton,Baker Tilley,congratulated the Council and City staff on the upgraded bond rating. She <br /> discussed the strong financial position the City ofNew Brighton was in based on the decisions being made by <br /> both Council and staff. She presented the City Council with a plaque commemorating the AA+credit rating. <br /> Councilmember Jacobsen congratulated staff and the Council for achieving this bond rating and for making <br /> decisions that had led to the City's strung financial position. <br /> Councilmember Burg stated she was proud of the City's great financial planning efforts. She indicated this <br /> was a big deal because the City would save thousands of dollars in interest going forward into the future. <br /> Councilmember Allen commented he was proud to be a part of the City Council and stated he appreciated the <br /> work former City Council's had done to prepare New Brighton for the fixture. <br /> Mayor Johnson explained she appreciated the initiative staff took to achieve the AA+bond rating. She was <br /> proud of the fact staff worked diligently to find solutions in order to provide tremendous services to New <br /> Brighton residents. She encouraged stafl'to keep up the great work. <br /> Motion by Councilmember Jacobsen,seconded by Councilmember Burg to accept the <br /> award from Baker Tilley commemorating the City's AA+Bond Rating. <br /> 4 Ayes,0 Nays-Motion Carried <br /> Consent Agenda <br /> Consent Agenda 1.Pay EFT8038-8274, <br /> ACH Pay 8027.8268& <br /> 1. Consider Approval of Payments of Electronic Funds Transfer(EFT)8038-8274,ACH Vouchers 157589-157655. <br /> Payments 8027-8268&Vouchers 157589-157655 for a total of$2,370,752.85. 2.Res.Dissolve North <br /> Metro 1-35W Corridor <br /> 2. Consider Resolution Supporting the North Metro I-35W Corridor Coalition Board Coalition JPA. <br /> of Directors' Recommendation to Dissolve the Joint Powers Agreement of Said 3.Adopt Upgraded <br /> Coalition. Government Data <br /> Practices Policies. <br /> 3. Consider Adopting Upgraded Government Data Practices Policies. 4.Res.Ext.Site Plan <br /> Approved for STOR at <br /> 4. Consider Resolution Extending the Effective Date for a Site Plan Approved for 315 5th Avenue NW. <br /> STOR at 315 5th Avenue NW. <br /> 5.App.for a Massage <br /> Salon and Personal <br /> 5. Consider Application for a Massage Salon and Personal Service Licenses for Service Lic.Koreana <br /> Koreana Wellbeing Massage. Wellbeing Massage. <br /> 6.App.for a Solicitor <br /> 6. Consider Application for a Solicitor License for Xfinity. License for Xfinity. <br /> 7.Temp.On-Sale Liq. <br /> 7. Consider Request for Temporary On-Sale Liquor License for Northern Lights Lic.for N.Lights <br /> Greyhound Adoption. Greyhound Adoption. <br /> 8.Contract for City <br /> 8. Consideration of Quotes and Award of Contract for City Project 19-3, 2019 Project 19-3. <br /> Pavement Management Program. <br /> 9.Approve City <br /> Project 19-5 and <br /> 9. Consider Approval of City Project 19-5 and Authorize Quotes. Authorize Quotes. <br />