05-02-1994 CC MIN - Laserfiche WebLink

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e $417,900. Mr. Wessling stated that he has reviewed the bid from KUE Construction and recommends awarding the bid to this firm. He further stated that the Library Board is recommending Alternate B for the carpet in the library. The total amount of the bid including Alternate A for the insurance - $3,800 and Alternate B for the Carpet $21,997 is $443,697. The decision on the insurance option will be made in the next few weeks by the Finance Director. COUNCILMEMBER DIETZ MOVED TO ADOPT RESOLUTION 94-41 A RESOLUTION AWARDING THE CONTRACT FOR THE CONSTRUCTION OF THE EXPANSION OF THE ELK RIVER PUBLIC LIBRARY. COUNCILMEMBER FARBER SECONDED THE MOTION. THE MOTION CARRIED 5-0. 7.4. Consider Resolution initiatin!;) the process for the sale of the City's General Obliaation Improvement Bonds Finance Director Lori Johnson indicated that staff is requesting adoption of resolution which will initiate the process for the sale of the following bonds: · $3,495,000 Go Improvement Bond, Series 1994A related to the Elk Park Center development · $1,280,000 GO Sewer Revenue Bond, Series 1994 B for the financing of the interim expansion at the wastewater treatment plant. · $1,080,000 GO Storm Sewer Revenue Bond, Series 1994 C to finance various storm sewer improvements e Finance Director Lori Johnson indicated that the bond issue for the Library expansion has been delayed approximalely one to two months due to some legal technicalities. She explained that in order to meet the 20 percent de.bt service pledge requirement, the TIF No. 1 and No. 2 plans will have to be amended. COUNCILMEMBER SCHEEL MOVED TO ADOPT RESOLUTION 94-42, A RESOLUTION INITIATING THE PROCESS FOR THE SALE OF THE CITY'S $3,495,000 GENERAL OBLIGATION IMPROVEMENT BONDS, SERIES 1994A. COUNCILMEMBER DIETZ SECONDED THE MOTION. THE MOTION CARRIED 5-0. COUNCILMEMBER FARBER MOVED TO ADOPT RESOLUTION 94-43 A RESOLUTION INITIATING THE PROCESS FOR THE SALE OF THE CITY'S $1,280,000 GENERAL OBLIGATION SEWER REVENUE BONDS, SERIES 1994B. COUNCILMEMBER HOLMGREN SECONDED THE MOTION. THE MOTION CARRIED 5-0. COUNCILMEMBER HOLMGREN MOVED TO ADOPT RESOLUTION 94-44 A RESOLUTION INITIATING THE PROCESS FOR THE SALE OF THE CITY'S $1,080,000 GENERAL OBLIGATION STORM SEWER REVENUE BONDS, SERIES 1994C. COUNCILMEMBER DIETZ SECONDED THE MOTION. THE MOTION CARRIED 5-0. COUNCILMEMBER DIETZ MOVED TO AUTHORIZE AN AMENDMENT CORRECTING THE EARLIER LIBRARY EXPANSION AMENDMENT TO TIF NO.1 AND NO.3. COUNCILMEMBER SCHEEL SECONDED THE MOTION. THE MOTION CARRIED 5-0. e COUNCILMEMBER DIETZ MOVED TO SET A PUBLIC HEARING DATE FOR JUNE 20, 1994, TO CONSIDER THE AMENDMENT TO THE TIF #1 AND #3 DISTRICTS. COUNCILMEMBER SCHEEL SECONDED THE MOTION. THE MOTION CARRIED 5-0.