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<br /> <br /> <br /> <br />"-.'....."".~...... <br />. . .... ., <br /> <br />City Council Minutes <br />Dc tober. 7, 1985 <br />Pa 9E' Thr.ee <br /> <br />COU~CILMEMBEe__GU~KEL__MO~ED__Io__~eeeO~E_eESOLUIION_85=5g_~ <br />eESOLUIIO~__Eoe_~E~el~G_O~_eeoeOSED._~SSESSME~I_OE_BlIUMl~OUS <br />D~EeL~Y_SIeEEI_IMeeO~EME~I_eeOJECI_I~_elDGEWOOD_SUBDI~lSIO~~ <br />~DDIIIO~S_ _O~E:a._.__ IWO:a._~~D._IHeEE:a._lMeBO~EME~I_.eeOJECI _1285=1... <br />COU~CILMEMBEe__E~GSIeOM__SECO~DED__IHE__MOIIO~____IHE-MOlION <br />e~SSED__3=Q... <br /> <br />8.5. eesollli~oo__~meoding__eesollliion_85:g7_eeciaioiog_to_ihe_Ice <br />~L:ena_er:oJ.eci <br /> <br />steve Salomon, the City's Atto~neY, was p~esent and <br />indicated that the only change in Resolution 85-47 was that <br />the ~esolution calls for the funds to be ~un th~ough the <br />City's Account. Steve Solomon fu~the~ stated that the <br />amendment to this ~esolution would simplify the p~ocess and <br />would have the payments paid directly by the Hockey <br />Association. <br /> <br />The City Administrator stated that all this is doing is <br />takin9 the City out as handler of the funds and keeper of <br />the accounts. <br /> <br />COU~CILMEMBEe__GU~KEL__MO~ED__IO__QDOeI__eESOLUIIO~__85:55_A <br />eESOLUII0~__OE__IHE__Clry.__OE__ELK_elv.Ee_~ME~DlNG__BESOLUIION <br />85=g7_~UIHOelZI~G__rHE_lSSUA~CE_OE_$300~OQQ_eeINCIE~L_AMOUNr <br />CIIY.__OE_ELK_el~Ee:a._MI~NESOIQ:a._BECBEQIIO~AL_EACILIIY._~BE~ENUE <br />~OIE__1ELK__BI~EB___ICE___ABE~~___eeOJECI1~___SEeIES___1985... <br />COU~CILMEMBEe__WILLIAMS__SECO~DED__I~E__MOIIO~____IHE_MOIIO~ <br />e~SSED_3=O&. <br /> <br />9. CoosideL:atioo__.of__eesoluiioo_~uthor:iziog_lssuaoce~_Awacdiog <br />Sale~_ecescL:ihiog_Ihe_Eocm_aod_Deiails_aod_Le~yiog_IaKes_Eoc <br />ea yme n i _ 0 f _. $ 7 0 ~ QQO_ G... 0_ _ E 9U i em.eo i _ C.e r.: i i f i c a. i.es <br /> <br />The City Administrator stated that he is re~uesting <br />autho~ization for the issuance of gene~al obligation <br />e~uipment certificate which was originally authorized for <br />issuance in 1984 excluding ti~es, plow e~uipment and sander. <br />He furthe~ stated that with the estimated le9al coStSi the <br />total, amount of the e~uipment ce~tificate would be $70,000. <br />The City Admnistrato~ noted that the e~uipment certificate <br />will be issued and sold to the Bank of Elk River at a <br />r'ate' of 7~~. <br /> <br />