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City Council Minutes Page 3 <br />August 12, 2002 <br /> <br /> Mark Ruff of Ehlers and Associates reviewed the results of the bond sale. He noted <br /> that Piper Jaffray was the Iow bidder for the public safety facility at 4.4124% and that <br /> Morgan Stanley Dean Witter was the low bidder for the city hall addition at 4.695%. <br /> <br />COUNCILMEMBER TVEITE MOVED TO ADOPT RESOLUTION 02-70 <br />AUTHORIZING THE ISSUANCE OF PUBLIC SAFETY BUILDING <br />LEASE REVENUE BONDS SERIES 2002A AND THE EXECUTION <br />AND DELIVERY OF A LEASE AGREEMENT, A MORTGAGE AND <br />SECURITY AGREEMENT, AND INDENTURE OF TRUST ON OTHER <br />DOCUMENTS IN CONNECTION THEREWITH. COUNCILMEMBER <br />KUESTER SECONDED THE MOTION. THE MOTION CARRIED 5-0. <br /> <br />COUNCILMEMBER MOTIN MOVED TO ADOPT RESOLUTION 02-71 <br />AUTHORIZING THE ISSUANCE OF CITY HALL EXPANSION <br />REVENUE BONDS SERIES 2002B AND THE EXECUTION AND <br />DELIVERY OF A SUPPLEMENT TO LEASE PURCHASE AGREEMENT <br />AND A SUPPLEMENT TO TRUST INDENTURE IN CONNECTION <br />THEREWITH. COUNCILMEMBER DIETZ SECONDED THE <br />MOTION. THE MOTION CARRIED 5-0. <br /> <br />5.3. <br /> <br />Consider Zane Avenue Improvements, Assessment Hearing <br /> <br />City Engineer Terry Maurer gave a presentation on the proposed assessments for the Zane <br />Avenue Improvement Project. Terry Maurer stated that assessed property owners have the <br />fight to appeal their assessment. He indicated that in order to preserve their rights to appeal, <br />the property owner must submit a written objection to the Mayor or City Administrator at <br />or before the assessment hearing. <br /> <br />Mayor Klinzing opened the assessment hearing. There being no one for or against the <br />matter, Mayor Fdinzing closed the public hearing. <br /> <br />Resolution Determining Assessed cost of Improvement and Ordering Preparation <br />of Proposed Assessment Roll <br /> <br />COUNCILMEMBER TVEITE MOVED TO ADOPT RESOLUTION 02-72 <br />DETERMINING ASSESSED COST OF IMPROVEMENT AND <br />ORDERING PREPARATION OF PROPOSED ASSESSMENT ROLL IN <br />THE MATTER OF THE ZANE AVENUE IMPROVEMENT OF 2002. <br />COUNCILMEMBER MOTIN SECONDED THE MOTION. THE <br />MOTION CARRIED 5-0. <br /> <br />Resolution Adopting Final Assessment Roll <br /> <br />COUNCILMEMBER MOTIN MOVED TO ADOPT RESOLUTION 02-73 <br />ADOPTING FINAL ASSESSMENT ROLL IN THE MATTER OF THE <br />ZANE AVENUE IMPROVEMENT OF 2002. COUNCILMEMBER <br />TVEITE SECONDED THE MOTION. THE MOTION CARRIED 5-0. <br /> <br /> <br />