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<br />Page 3 - June 13, 2006 New Brighton Council Minutes <br /> <br />eotion by Council Member Doffing seconded by Council Member Bauman to <br />approve the consent agenda as amended. <br /> <br />6. Consideration of <br />Proposal for Old Highway <br />8 Preliminary Design <br />Services. <br />Report No. 06-127. <br />Resolution No. 06-049. <br /> <br />Council Business <br />1. Consideration of resolution providing for the iss\.U1t1ce and sale <br />$20,730,000 General Obligation Tax IncretIlcmfBonds, Series <br />Report No. 06-131. Resolution No. 06-951. <br /> <br /> <br />7. Establish Public <br />Hearing Date for <br />Proposed Tax Increment <br />Financing District on <br />former Marv's <br />Transmission Site at 715 <br />Old Highway 8 NW. <br />Report No. 06-128. <br />Resolution No. 06-050. <br /> <br />4 Ayes - 0 Nays, Motion Carried <br /> <br />Public Hearine: <br />None <br /> <br />8. Consideration of <br />of the IELS <br />Officers Arbitration <br /> <br />Dan Maiers, Director of Finance stated this was the third offomexpectedbond issues for <br />the Northwest Quadrant redevelopment project. The bonds would be sold through a <br />competitive bid process; with the final debt pa)'IlleIlton the bonds is scheduled to be <br />February 1,2032; with a feature allowing prepaYl11entonor after February ,2017. <br /> <br />No. 06-129. <br /> <br />.:~~~:~::e~:sc:~~~;~~;~~~~S~:~'Ii~in:~!}O <br /> <br />Kathy Aho, a representativeJW.p:iSpringst~ad FinanCi~.;.~t(lted the anticip~ted interest <br />savings based on the upgrAA~Cl.Jjbnd rating~ould be apptpximate1y $400,000.00. <br /> <br />Council member Doffin~fqt1estioned wh~.ther the anticipat~qlunds required for 2007-2008 <br />are known. ......<......... ................ ..................... ...........). ............ ............. .. . <.?) <br />Mr. Maiers stat~4t~.:bond Proc:~l;':ds~()uld likely.pl;':sl'entwithin 12 months; with the next <br />bond issue9~~~g~l.l9.~~ti~lly les~...... . ... . <br /> <br /> <br />9. Consideration of <br />Ordinance Amending <br />Section 2-71 of the City <br />code relating to municipal <br />commission members <br />involvement in City <br />contracts. <br />Report No. 06-130. <br />Ordinance No.7 41 <br /> <br /> <br />oUDeH Business <br />1. Consideration of <br />resolution providing for <br />the issuance and sale of <br />$20,730,000 General <br />Obligation Tax Increment <br />Bonds, Series 2006A <br />Report No. 06-131. <br />Resolution No. 06-051. <br /> <br /> <br />;:::;::,:-:>,;,::,'::",\'::::':., "::.::::-:::,::' :.: ::':~ ' , <br />MotioiiJj~.~?uncil Member Bq!"~ second~d by Council Member Bauman to approve <br />the resohiti.onproviding for theis.~uance and sale of $20,730,000 General Obligation <br />Tax Increment Bonds, Series 200()A. <br /> <br />4 Ayes - 0 Nays, Motion Carried <br /> <br />ommission Liaison Re orts Announcements and U dates <br />Municipal Advisory Commission Reports: <br /> <br />