2002-04-23 - Laserfiche WebLink

Home Browse Search

Page 3 - April 23, 2002, New Brighton Council Minutes City Engineer Les Proper explained a petition was received from residents requesting a landscaped I median be installed instead of a center left turn lane on the Silver Lake Road Phase II project between 1 ih Terrace NW and Hamilton Court. A landscaped median will reduce the expanse of bituminous surfacing and the impact of the road and traffic on the adjacent residential properties. The down side is that the median will eliminate left turns into and out of properties. The current Ramsey County plan includes center left turn lanes for this section, however, the County indicated they have no objection to substituting landscaped medians for center left turn lanes when requested by the Council and supported by affected property owners. Motion by Sweeley, seconded Hoffman, by to REQUEST RAMSEY COUNTY TO REPLACE THE CENTER LEFT TURN LANE PROPOSED BY SILVER LAKE ROAD BETWEEN 17TH TERRACE NW AND HAMILTON COURT WITH A LANDSCAPED MEDIAN. 5 Ayes - 0 Nays, Motion Carried. Proper presented the bids for painting the 51h St. NW Water Storage Tank, Project 02-7. Five bids were received and opened on March 20, 2002. AEC Engineering, our engineering consultant, recommends the award of the low bid to Champion Coatings, Inc., Alternate B for $248,290. The second low bidder, TMI Coatings, Inc. has filed a letter of protest with the City alleging that Champion Coatings Inc. does not meet the experience requirements ofthe specifications and that their bid should be rejected. The City Attorney has reviewed the allegations from TMI Coatings and is recommending that Council award the bid to the low bidder Champion Coatings Inc. There was no one in attendance from TMI Coatings. IBOb Kollmer, AEC Engineering, explained lbe process ;nvolved in paioting lbe storage tank. Motion by Samuelson, seconded by Hoffman, to AWARD THE BID FOR THE 5TH STREET NW WATER STORAGE TANK PAINTING PROJECT, PROJECT 02-07, TO THE LOW BIDDER, CHAMPION COATINGS INC., ALTERNATE B IN THE AMOUNT OF $248,290. 5 Ayes - 0 Nays, Motion Carried. Finance Director Dan Maiers presented the execution and delivery of the Ground Lease and a Lease-Purchase Agreement between the City and the EDA which authorizes issuance of $10,590,000 Lease Revenue Bonds. The City will own the land, and the EDA will lease the site from the City. The Ground Lease will remain in effect until all principal and interest on the bonds has been paid. The EDA will provide for the acquisition and construction of the facilities, and appoints the City as its agent for the purpose of construction. The lease term is until February 1,2017, the final maturity ofthe bonds. The City will complete the project, and the proceeds of the bond issue will be disbursed for payment of acquisition and construction costs. The EDA will finance the construction ofthis facility with the issuance of $10,590,000 lease revenue bonds. The approval allowed bonds to be issued in an amount not to exceed $10,900,000. IThe prinCiPal. amount of the bonds has been decreased by $310,000 as a result of the actua.l bids received and other reductions in anticipated costs. The term of the bonds is through February 1, 2017. The EDA' s debt service will be paid from the lease payments made by the City and investment earnings available in the bond's reserve fund. The City will make the annual lease payments with annual tax levies and reserves on hand. The EDA pledges to the Trustee (an independent third party), its interest in the Ground Lease and Silver Lake Road Landscaped Median Petition Report 02-108 51h St. Water Storage Tank Painting Report 02-109 Lease Revenue Bonds for Public Safety Center Report 02- 11 0 Resolution 02-041