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<br />I <br /> <br />I <br /> <br />I <br /> <br />Council Meeting Minutes <br />January 9,2001 <br /> <br />Page 4 <br /> <br />Consent Al!enda. continued <br /> <br />7. CONSIDERATION OF APPROVAL TO AUTHORIZE FINAL PAYMENT <br />ON PROJECT 97-13 TO THOMAS AND SONS CONSTRUCTION IN THE <br />AMOUNT OF $14,669.22, THE TOTAL FINAL AMOUNT OF THE <br />CONSTRUCTION CONTRACT IS $293,384.37. <br /> <br />8. <br /> <br />CONSIDERATION OF APPROVAL TO AUTHORIZE FINAL PAYMENT <br />ON PROJECT 97-5 TO THOMAS AND SONS CONSTRUCTION IN THE <br />AMOUNT OF $7,879.43, THE TOTAL FINAL AMOUNT OF THE <br />CONSTRUCTION CONTRACT IS $126,214.60. <br /> <br />9. <br /> <br />CONSIDERATION OF APPROVAL FOR THE USE OF AEC <br />ENGINEERING INC. FOR ENGINEERING SERVICES FOR PAINTING <br />THE FORESTDALE WATER TOWER. <br /> <br />10. <br /> <br />CONSIDERATION OF APPROVAL TO WAIVE THE READING AND <br />ADOPT THE RESOLUTION AMENDING THE 2001 FEE REGISTER. <br /> <br />11. CONSIDERATION OF APPROVAL TO CHANGE THE CITY <br />RECYCLING SERVICE CHARGE FOR THE YEAR OF 2001. <br /> <br />5 Ayes - 0 Nayes, Motion Carried. <br /> <br />Public Hearing <br /> <br />Council Business <br /> <br />Finance Director Margaret Egan presented the issuance of three bonds to provide long <br />term financing for public improvements and tax increment projects. The financing for the <br />bonds will come from a combination of assessments, tax increments and taxes. The <br />following is the strategy for each issue: $2,020,000 Special Assessment Bonds for streets <br />reconstruction to be financed through taxes and assessments; $1,825,000 Tax Exempt Tax <br />Increment for infrastructure to be financed through tax increment; and $5,160,000 Taxable <br />Tax Increment for acquisitions to be financed through tax increment. <br /> <br />Motion by Hoffman, seconded by Samuelson, to WAIVE THE READING AND <br />ADOPT THE RESOLUTION FOR THE ISSUANCE AND SALE OF $2,020,000 <br />GENERAL OBLIGATION IMPROVEMENT BONDS. <br /> <br />5 Ayes - 0 Nayes, Motion Carried. <br /> <br />Motion by Samuelson, seconded by Moore-Sykes, to WAIVE THE READING AND <br />ADOPT THE RESOLUTION FOR THE ISSUANCE AND SALE OF $1,825,000 <br />GENERAL OBLIGATION TAX INCREMENT BONDS. <br /> <br />5 Ayes - 0 Nayes, Motion Carried. <br /> <br />Consent Agenda <br /> <br />Final Payment 97-13 <br />Report 01-013 <br /> <br />Final Payment 97-5 <br />Report 0 1-0 14 <br /> <br />Painting Water Tower <br />Report 01-015 <br /> <br />Amendment to 2001 <br />Fee Register <br />Report 01-016 <br />Resolution 01.010 <br /> <br />Recycling Service <br />Charge <br />Report 01-017 <br /> <br />Council Business <br /> <br />Bond Issuance <br />Report 01-018 <br />Resolution 01-011 <br />Resolution 01-012 <br />Resolution 01-013 <br />