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<br />. <br /> <br />. <br /> <br />. <br /> <br />6.1. <br /> <br />City Council Minutes <br />May 2,2005 <br /> <br />Page 9 <br /> <br />5.7. <br /> <br />Consider Resolution Adopting Mn/DOT Agreement for Federal Participation in ROW <br />(Twin Lakes Road) <br /> <br />City Engineer Terry Maurer explained that the MnDOT Agency Agreement for the <br />participation in the purchase of right of way for Tyler Street (Twin Lakes Road) is coming <br />before the Council several years after Twin Lakes Road has been constructed because staff <br />has been trying to complete the federal paperwork and maximize the use of federal grant <br />monies. Mr. Maurer indicated that MnDOT discovered that the right of way agreement <br />previously approved by the City Council has lapsed and in order to get the approximately <br />$100,000 of federal money remaining for the purchase of right of way along the Twin Lakes <br />Road Corridor, the City Council needs to adopt a new agency agreement. <br /> <br />MOVED BY COUNCILMEMBER DIETZ AND SECONDED BY <br />COUNCILMEMBER MOTIN TO ADOPT RESOLUTION 05-49 ADOPTING <br />MINNESOTA DEPARTMENT OF TRANSPORTATION AGENCY <br />AGREEMENT NO. 86472 FOR FEDERAL PARTICIPATION IN RIGHT OF <br />WAY FOR S.P. 204-133-02 AND 71-613-08. MOTION CARRIED 5-0. <br /> <br />Consider Resolutions Providing for the Sale of $1.085.000 G.O. Improvement Bonds. Series <br />2005A and for the Sale of $1.695.000 G.O. Sewer Revenue Refunding Bonds. Series 2005B <br /> <br />Finance and Administrative Services Director Lori Johnson indicated that staff is requesting <br />that the Council authorize the sale of $1,085,000 General Obligation Improvement Bonds to <br />finance construction of the 2005 Street rehabilitation project and $1,695,000 in General <br />Obligation Sewer Revenue Refunding Bonds to refund the $2,655,000 sewer revenue bonds <br />of 1996. Ms. Johnson stated that the estimated savings on the refunding issue is <br />approximately $102,000. She also noted that all other bonds have been reviewed to <br />determine which should be refunded and only the 1996 sewer bonds generate enough <br />interest savings to justify refunding. <br /> <br />Ms. Johnson stated that the resolutions call for the Council to award the sale of the bonds <br />on May 16,2005 and representatives from Ehlers & Associates will be present at that <br />meeting to present the bid results. <br /> <br />MOVED BY COUNCILMEMBER MOTIN AND SECONDED BY <br />COUNCILMEMBER GUMPHREY TO ADOPT RESOLUTION 05-50 <br />PROVIDING FOR THE SALE OF $1,085,000 G.O. IMPROVEMENT BONDS <br />SERIES 2005A AND RESOLUTION 05-51 PROVIDING FOR THE SALE OF <br />$1,695,000 G.O. SEWER REVENUE REFUNDING BONDS, SERIES 2005B. <br />MOTION CARRIED 5-0. <br /> <br />6.2. Elk River Area Arts Alliance Update and Presentation <br /> <br />6.3. <br /> <br />Laurie Beil, Elk River Area Arts Alliance Executive Director presented information to the <br />Council on current and upcoming Arts Alliance programming as well as information on the <br />Arts Soup Festival scheduled for June 18 and 19. <br /> <br />Street Department Building/Site Improvements for 2005 and Compost Site/Program <br />Update <br /> <br />Street Superintendent Phil Hals and Assistant Street Superintendent Mark Thompson <br />provided an overview of Phase I of the Street Department Building Plans as outlined in his <br />