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. . . City Council1vfinutes June 20, 2005 Page 16 store manager at Northbound. Ms. Johnson indicated that Mr. Potvin also requested that an additional full time liquor clerk be added for Westbound. Mayor Klinzing questioned if some positions would serve at both store locations. Liquor Store Manager Dave Potvin stated that his office will be at Westbound Liquor but he will continue to manage both stores. Mr. Potvin noted that software was recently purchased that will allow the purchasing for both stotes to be done from Westbound. MOVED BY COUNCILMEMBER FARBER AND SECONDED BY COUNCILMEMBER DIETZ TO APPROVE THE PROMOTION OF STEVE TILLMAN TO ASSISTANT LIQUOR STORE MANAGER AT WESTBOUND LIQUOR EFFECTIVE SEPTEMBER 1, 2005, TO ELIMINATE THE LIQUOR CLERK III POSITION EFFECTIVE SEPTEMBER 1, 2005, AND TO ADD A FULL-TIME LIQUOR CLERK 1 FOR WESTBOUND. MOTION CARRIED 5-0. Ms. Johnson stated that Mr. Potvin is also requesting a change to the part-time liquor clerk pay. She stated that because of recent changes in the city's pay plan, the city's pay for retail clerk exceeds the current market for both private and public retail operations. MOVED BY COUNCILMEMBER FARBER AND SECONDED BY COUNCILMEMBER DIETZ TO APPROVE THE LIQUOR CLERK 1 WAGE ADJUSTMENT AND INCLUDE THE LIQUOR CLERK 1 POSITION AS PART OF THE CITY'S PAY RESOLUTION EFFECTIVE JANUARY 1,2006. MOTION CARRIED 5-0. 7.2. Resolution 05-72 Providing for the Issuance and Sale of the City's $1 200.000 Liquor Store Revenue Bonds Series 2005C: Fixing its Form and Specifications: Directing its Execution and Delivery: and Providing for its Payment Finance and Administrative Services Director Lori Johnson stated that $1,200,000 in revenue bonds are being issued to pay for the construction of Westbound Liquor. She indicated that the bonds are being purchased by The Bank of Elk River and First National Bank of Elk River with each bank taking $600,000 at an interest rate of 4.5% for a ten year term with final maturity in 2015. MOVED BY COUNCILMEMBER FARBER AND SECONDED BY COUNCILMEMBER GUMPHREY TO ADOPT RESOLUTION 05-72 PROVIDING FOR THE ISSUANCE AND SALE OF THE CITY'S $1,200,000 LIQUOR STORE REVENUE BONDS, SERIES 2005C; FIXING ITS FORM AND SPECIFICATIONS; DIRECTING ITS EXECUTION AND DELIVERY; AND PROVIDING FOR ITS PAYMENT. MOTION CARRIED 5-0. 7.3. NCDA Update Councilmember Motin provided an update of the Northstar Corridor Development meeting held on June 2, 2005. 7.4. Utilties Commission Update Councilmember Dietz provided an update of the Elk River Municipal Utilities meeting held June 14,2005.