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Elk River City Council Meeting <br />April 28, 1997 <br /> <br />Page 8 <br /> <br />COUNCILMEMBER DIETZ MOVED TO ACCEPT AND FILE THE CITY OF ELK RIVER 1996 <br />COMPREHENSIVE ANNUAL FINANCIAL REPORT AS PREPARED BY ABDO, ABDO AND <br />EICK. COUNCILMEMBER HOLMGREN SECONDED THE MOTION. THE MOTION <br />CARRIED 5-0. <br /> <br />6.4. Presentation of 1996 Finance Department Annual Report <br /> <br />Assistant City Administrator/Finance Director Lori Johnson presented the 1996 <br />Finance Department Annual Report to the City Council. <br /> <br />COUNCILMEMBER HOLMGREN MOVED TO SUPPORT THE IMPLEMENTATION OF A <br />PERFORMANCE MEASUREMENT SYSTEM TO QUALIFY FOR LOCAL PERFORMANCE AID. <br />COUNCILMEMBER THOMPSON SECONDED THE MOTION. THE MOTION CARRIED 5-0. <br /> <br />COUNCILMEMBER THOMPSON MOVED TO ADOPT THE INVESTMENT POLICY AS <br />PRESENTED. COUNCILMEMBER DIETZ SECONDED THE MOTION. THE MOTION <br />CARRIED 5-0. <br /> <br />COUNCILMEMBER DIETZ MOVED TO ACCEPT THE 1996 FINANCE DEPARTMENT <br />ANNUAL REPORT. COUNCILMEMBER THOMPSON SECONDED THE MOTION. THE <br />MOTION CARRIED 5-0. <br /> <br />6.5. <br /> <br />Consider Resolution Awardinq the Sale of the City's $311,500 General Obliqation <br />Equipment Certificate of 1997; Fixinq it Form and Specifications; Directin.q its <br />Execution and Delivery; and Providinq for its Payment <br /> <br />Assistant City Administrator/Finance Director Lori Johnson reviewed the resolution <br />to award the sale of the 1997 Equipment Certificate. <br /> <br />COUNCILMEMBER FARBER MOVED TO APPROVE RESOLUTION 97-36, A RESOLUTION <br />AWARDING THE SALE OF THE CITY'S $311,500 GENERAL OBLIGATION EQUIPMENT <br />CERTIFICATE OF 1997; FIXING ITS FORM AND SPECIFICATIONS; DIRECTING ITS <br />EXECUTION AND DELIVERY; AND PROVIDING FOR ITS PAYMENT. COUNCILMEMBER <br />HOLMGREN SECONDED THE MOTION. THE MOTION CARRIED 5-0. <br /> <br />7. Other Business <br /> <br />7.1. Accept Resi.qnation from Housinq Inspector <br /> <br />COUNCILMEMBER DIETZ MOVED TO ACCEPT THE LETTER OF RESIGNATION FROM <br />HOUSING INSPECTOR JIM DAVIS. COUNCILMEMBER THOMPSON SECONDED THE <br />MOTION. THE MOTION CARRIED 5-0. <br /> <br />7.2. Volunteer Recoqnition Dinner Letters <br /> <br />Mayor Duitsman noted that he has received three thank you letters regarding the <br />Volunteer Recognition Dinner. <br /> <br />7.3. Minnesota Sports Federation <br /> <br />Pat Klaers distributed some MSF fundraising material. <br /> <br /> <br />