06-03-1996 CC MIN - Laserfiche WebLink

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City Council Minutes June 3, 1996 Page 2 5.5. 5.6. 5.7. 5.8. Resolution Awardinq the Sale and Settinq the Terms of $2,655,000 G.O. Sewer Revenue Bonds, Series 1996A and $500,000 G.O. Improvement Bonds Series 1996B Assistant City Administrator Lori Johnson updated the City Council on the City's bond rating according to Moody's. She indicated that the City now has a Baal bond rating. Lori Johnson stated that Springsted took bids on the sale of two bond issues. One issue relates to the expansion of the Wastewater Treatment Plant, and the second issue is to fund public improvements in the Hillside Crossing II development. She recommended that the council award the bids to the Iow bidders. COUNClLMEMBER FARBER MOVED TO ADOPT RESOLUTION 96-32, A RESOLUTION PROVIDING FOR THE ISSUANCE AND SALE OF THE CITY'S $2,655,000 GENERAL OBLIGATION SEWER REVENUE BONDS, SERIES 1996A. COUNCILMEMBER HOLMGREN SECONDED THE MOTION. THE MOTION CARRIED 5-0. COUNCILMEMBER SCHEEL MOVED TO ADOPT RESOLUTION 96-33, A RESOLUTION PROVIDING FOR THE ISSUANCE AND SALE OF THE CITY'S $500,000 GENERAL OBLIGATION IMPROVEMENT BONDS, SERIES 1996B. COUNCILMEMBER FARBER SECONDED THE MOTION. THE MOTION CARRIED 5-0. Public Hearinq to discuss the Issuance of General Obliqation Bonds for the Construction of an Ice Arena City Administrator Pat Klaers informed the Council that the contracts have been signed for the ice arena project. He indicated that the City will be issuing bonds on the proposal. Mayor Duitsman opened the public hearing for comments on the proposal to sell bonds for the ice arena project. Jeff Gongoll indicated he felt this was a worthwhile community project. There being no further comments, Mayor Duitsman closed the public hearing. Dwiqht Kirkeide Request This item was postponed until a later time al this meeting. Traffic Concerns on Dodqe Street Between Elk Hills Drive and 193rd Sandra Thackeray, City Clerk, stated that Mr. Rob Meyers has requested to speak to the council regarding traffic concerns on Dodge Street. Mr. Meyers introduced himself to the council - Rob Meyers, 19069 Dodge Street. Mr. Meyers informed the council that Dodge Street between Elk Hills Drive and 193rd Avenue has become a convenience street. He further indicated that he is concerned with the volume of traffic, traffic noise, and speed. He suggested that the street be posted at 20 mph, and that the road be patrolled daily, especially during the hours of 5-7 p.m.