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<br />Page 2 <br /> <br />City Council Minutes <br />January 9. 1989 <br /> <br />e <br /> <br />It was the consensus of the City Council to allow the ice fishing contest <br />on Orono Lake provided the City has a copy of the Jaycee's insurance <br />policy. <br /> <br />4.2. Camp Confidence - Gambling License Request at Broadway Bar <br /> <br />The City Administrator indicated <br />letter requesting to sell pull tabs <br />Youth Hockey. The Council took no <br />no one present from Camp Confidence. <br /> <br />that Camp Confidence had submitted a <br />at Broadway Bar along with Elk River <br />action on this request as there was <br /> <br />5.1. Designation of Official Depositories <br /> <br />COUNCILMEMBER HOLMGREN MOVED TO APPROVE RESOLUTION 89-2. A RESOLUTION <br />DESIGNATING DEPOSITORIES OF CITY FUNDS. COUNCILMEMBER DOBEL SECONDED THE <br />MOTION. THE MOTION CARRIED 5-0. <br /> <br />5.2. Designation of Official City Newspaper <br /> <br />COUNCILMEMBER SCHULDT MOVED TO APPOINT THE ELK RIVER STAR NEWS AS THE <br />CITY'S OFFICIAL NEWSPAPER FOR 1989. COUNCILMEMBER KROPUENSKE SECONDED <br />THE MOTION. THE MOTION CARRIED 5-0. <br /> <br />e <br /> <br />5.3. Appointment of Vice Mayor <br /> <br />COUNCILMEMBER HOLMGREN MOVED TO NOMINATE COUNCILMEMBER SCHULDT AS VICE <br />MAYOR. COUNCILMEMBER KROPUENSKE SECONDED THE MOTION. THE MOTION CARRIED <br />5-0. <br /> <br />6.1. Resolution Setting Referendum Date <br /> <br />COUNCILMEMBER DOBEL MOVED TO ADOPT RESOLUTION 89-3. A RESOLUTION <br />PROVIDING FOR AN ELECTION TO DETERMINE WHETHER TO ISSUE BONDS IN AN <br />AMOUNT NOT TO EXCEED $475.000 FOR THE PURPOSE OF FINANCING THE PURCHASE <br />OF FIRE FIGHTING EQUIPMENT. COUNCILMEMBER HOLMGREN SECONDED THE MOTION. <br />THE MOTION CARRIED 5-0. <br /> <br />6.2. Determination of Length of Bond Issue <br /> <br />Lori Johnson. Finance Director. stated that it was staff consensus that <br />a ten year term for the bond issue would be most appropriate. A longer <br />term would cost the City much more money in interest and a shorter term <br />would have a greater impact on taxpayers. <br /> <br />Mayor Tralle questioned whether an increase in population would affect <br />the cost per taxpayer. The Finance Director indicated an increase in the <br />-gross tax capacity would have an impact by lowering the cost per taxpayer <br />but that the repayment schedule would still be for 10 years. <br /> <br />e <br /> <br />COUNCILMEMBER KROPUENSKE MOVED TO ISSUE BONDS FOR A PERIOD OF TEN YEARS <br />FOR THE PURCHASE OF AN AERIAL LADDER PLATFORM FIRE TRUCK. IF THE BOND <br />REFERENDUM IS PASSED BY THE CITIZENS. COUNCILMEMBER DOBEL SECONDED THE <br />MOTION. THE MOTION CARRIED 5-0. <br />