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City Council Minutes Page 6 <br />November 2, 2020 <br />Mr. Bailey stated the project may commence soon. <br />Mr. Cook stated the project could begin as soon as possible with tonight's approvals. <br />He suggested council can reduce the assessment after the work is complete which <br />allows for them to see the actual project costs, and then include any reduction with <br />any other assistance the council may wish to provide. <br />7.2 Conditional Use Permit: Elk River Municipal Utilities to Allow a <br />Government Facility in Single Family Residential District <br />Mr. Portner indicated this application has been withdrawn and will be resubmitted, <br />to be heard in December. <br />7.3. Capital Improvement Plan and Issuance of Capital Improvement <br />Bonds, and Authorize the Issuance of General Obligation Bonds <br />Ms. Ziemer presented the staff report. She introduced Terry Heaton with BakerTilly <br />to answer any questions. <br />Mayor Dietz opened the public hearing. There being no one to speak, Mayor Dietz <br />closed the public hearing. <br />Councilmember Westgaard stated he is in support of the new bonds with public <br />safety building upgrades and the new fire station on the north side of town. He was <br />also in support of the reissuance of bonds to take advantage of the interest <br />difference savings. <br />Moved by Councilmember Westgaard and seconded by Councilmember <br />Wagner to adopt Resolution 20-76 Approving a Capital Improvement Plan <br />and Giving Preliminary Approval to the Issuance of Capital Improvement <br />Bonds as outlined in the staff report. <br />Motion carried 4-0. <br />Moved by Councihnember Ovall and seconded by Councilmember Wagner to <br />adopt Resolution 20-77 Providing for the Competitive Negotiated Sale of <br />$9,895,000 General Obligation Capital Improvement Plan Bonds, Series 2020A <br />as outlined in the staff report. <br />Motion carried 4-0. <br />Moved by Councilmember Westgaard and seconded by Councilmember Ovall <br />to adopt Resolution 20-78 Providing for the Competitive Negotiated Sale of <br />$5,970,000 General Obligation Capital Improvement Plan Refunding Bonds, <br />Series 2020B as outlined in the staff report. <br />P 01 E 8 E 0 ® 1 <br />NAYUR <br />