08-17-1981 CC MIN - Laserfiche WebLink

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REGULAR SEMI-MONTHLY MEETING OF THE ELK RIVER CITY COUNCIL HELD AT THE ELK RIVER PUBLIC LIBRARY AUGUST 17, 1981 Members Present: Mayor Hinkle, Councilman Duitsman, Toth and Schuldt Members Absent: Councilman Engstrom 1. Meeting was called to order at 7:30 p.m. by Mayor Hinkle. 2. Agenda The City Administrator distributed a revised agenda for the August 17, 1981 City Council meeting. Items number 5~, consideration of Elk Hills Drive turn lane, and number ll~, consideration of sanitary sewer user rates, were added to the agenda. COUNCILMAN DUITSMAN MOVED APPROVAL OF THE AGE}IDA AS AMENDED. COUNCILMAN TOTH SECONDEDTHEMOTION~ THE MOTION PASSED 3-0. 3. Minut es Councilman Duitsman asked that Item number 8, of the August 3rd, 1981 City Council minutes be amended to reflect the City Administrator's comments rel- ative to change order number 1 for the sanitary sewer interceptor and speci- fically to reflect a discussion of savings from an elimination ofa number of manholes and sewer pipe quantities that equal or exceed the amount requested in change order number 1. COUNCILMAN DUITSMAN MOVED APPROVAL OF THE AUGUST 3RD, 1981 CITY COUNCIL MINUTES AS.AMENDED~ .COUNCILMAN SCHULDT. SECONDED THE.MOTION. THE MOTION PASSED 3-0. 4. Open Mike Mr. Dick Patenaude appeared before the City Council to ask that 193rd Avenue between County Road 1 and Meadowvale Road be upgraded by the City. Mr. Pat- enaude indicated that the road was extremely rough even after being graded by the City maintenance crews and requested that additional class 5 gravel or black- top be placed on the surface so as to make it a more drivable road. COUNCILMAN SCHULDT MOVED TO AUTHORIZE REPAIRS AND UPGRADING BY THE CITY AT A REASONABLE COST AND WITHIN BUDGETED AMOUNTS FOR CALENDAR YEAR 1981. COUNCILMAN DUITSMAN SECONDED THE MOTION. THE MOTION PASSED 3-0. 5. 1981 Improvement Bond Sale King Forness of Springsted, Inc. was present to review bids for the second 1981 improvement bond sale for the City. Mr. Forness indicated that 3 bids had been received on the bond sale and that at the present time, the bond buyers index had increased substantially and was now near the statutory limit of 12 percent. Mr. Forness indicated further that there appeared to be no sign of a let up in the interest rates, which was rather perplexing to economists and financial analysts. Of the three bids received, the low bid was made by the First Nation- al Bank of Minneapolis, with a net effective interest of 11. 4046 percent. Mr. Forness informed the City Council that it would be necessary to assess the