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<br />e <br /> <br />e <br /> <br />e <br /> <br />Page 6 <br /> <br />City Council Minutes <br />June 9. 1986 <br /> <br />Discussion was carried on regarding <br />placing the responsibility for payment <br />present owners of the Barrington Place <br />M & S Development Corporation. <br /> <br />possibility of <br />b ill on the <br />in question. <br /> <br />the <br />of the <br />property <br /> <br />COUNCILMEMBER WILLIAMS MOVED TO TABLE A DECISION ON PAYMENTS <br />TO MR. DESCHENES IN EXCHANGE FOR THE CUL-DE-SAC EASEMENT ON <br />LINE AVENUE. UNTIL THE CITY STAFF COULD CONTACT M & S <br />DEVELOPMENT CORPORATION FOR PAYMENT OF THE $935.00 BILL. <br />COUNCILMEMBER GUNKEL SECONDED THE MOTION. THE MOTION PASSED <br />4-0. <br /> <br />6. Park Dedication Fees <br /> <br />This item was removed from the June 9th City Council agenda. <br /> <br />7. <br /> <br />Improvement Bond <br /> <br />Mr. Klaers indicated that he has met with the bond counsel <br />regarding the bond issue to finance overlay projects. the <br />School Street Project. the Simonet Project and the Deerfield <br />3rd Addition project. He further stated that he would be <br />meeting with the bond counsel again on the 16th. along with <br />the City Engineer and City Attorney. Mr. Klaers further <br />informed the City Council that it appears the bond issue is <br />approaching the 2 million dollar figure. as construction cost <br />estimates now total 1.8 million. not including the Tyler <br />Street project. Mr. Klaers indicated that the Tyler Street <br />project would be handled as an option. <br /> <br />9. <br /> <br />City Audit <br /> <br />Mr. Gary Groen of Abdo, Abdo and Eick, was present to review <br />the 1985 audit with the City Counc il. Mr. Groen stated that <br />he felt it was important to strive to combine the water and <br />City funds into one document in the future. <br /> <br />When reviewing the outstanding special <br />Councilmember Gunkel mentioned that a comment <br />at a public meeting suggesting the City was <br />favorable financial position. due to bad <br />indicated that the majority of debts owned <br />unpaid special assessments and that these <br />the debt limits set by the State. <br /> <br />had <br /> <br />assessments, <br />been made <br />in a very <br />Mr Groen <br />City were <br />well within <br /> <br />not <br />debts. <br />to the <br /> <br />were <br /> <br />Councilmember Williams <br />criticism toward the <br />finance such items <br />equipment, etc. Mr. <br />levy limit so low, <br />the only means the <br />purchases. <br /> <br />commented that he had also heard some <br />City's use of equipment certificates to <br />as squad cars. street department <br />Groen indicated that with the City's <br />sometimes equipment certificates may be <br />City has to finance necessary major <br />