05-10-1999 CC MIN - Laserfiche WebLink

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Elk River City Council Minutes Mav 10. 1999 Page 2 e 5.1. Consider Resolution Providina for the sale of the Citv's $5,725,000 General Obliaation Bonds, Series 1999A Finance Director Lori Johnson requested the council to consider a resolution providing for the sale of $5,725,000 of general obligation improvement bonds for the east Elk River water and sewer improvement project. She explained that the original cost of $6,080,821, excluding capitalized interest, has been reduced by an up-front contribution of $500,000 from the water fund. Lori Johnson explained that the bonds will be repaid from a variety of revenue sources including special assessments, revenues of the city's water and sewer utilities, and tax increment revenues from the city's TIF District No. 19. A tax levy is also included in the repayment schedule. COUNCILMEMBER FARBER MOVED TO ADOPT RESOLUTION 99-36 PROVIDING FOR THE SALE OF THE CITY'S $5,725,000 GENERAL OBLIGATION BONDS, SERIES 1999A. COUNCILMEMBER MOTIN SECONDED THE MOTION. THE MOTION CARRIED 5-0. 5.2. Community Recreation Update - Jeff Asfahl e Community Recreation Director Jeff Asfahl informed the City Council that he is resigning from his position to take a job with the City of Eagan. Discussion was held by the council regarding the future of the community recreation program. The council discussed the issue of the City of Elk River becoming the employer for the community recreation director. It was the consensus of the council that the city would be willing to be the employer for the community recreation director. The council discussed whether the city should maintain the status quo of the existing community recreation program or if consideration should be given to breaking away from the organization with Elk River having its own community recreation department. Councilmember Dietz requested that the Park and Recreation Commission discuss this issue at its next meeting. He further indicated that the city should investigate what it would cost to take over the program and to explore available options. Mayor Klinzing indicated that she would be open to explore the options of the city having its own park and recreation department, but she indicated she is not convinced that there is a need for a change at this time. 5.3a. Public Hearina to Consider Adoption of Assessments for School Street Improvements City Engineer Terry Maurer gave a presentation regarding the School Street improvement. He summarized the total project cost and the proposed assessments. He indicated that anyone wishing to appeal their assessment must present a signed written objection to the Mayor at this meeting. Mayor Klinzing opened the public hearing. e Dr. Flannery, Superintendent of Schools, presented a written objection to the special assessment. He indicated that the School Board objects to the assessment for several reasons but the main reason is because the School District is the only taxpayer on School Street that is being assessed for the improvement.