HomeMy Public PortalAbout04/09/85 Special CCMc
The Council of the City of Medina met in Special Session on Tuesday, April 9,
1985 at 7:30 P.M.
Present: Mayor,Thomas Anderson; Councilmembers, Ann Heideman, Wilfred Scherer, William
Reiser, Robert Mitchell; Clerk -Treasurer, onna Roehl; Attorney, Ron Batty;
Financial Consultant, Jeanne Frederick.
1. ADDITIONAL ITEMS
Council agreed to discuss City-wide Clean up Day and
985 Improvement Projects.
2. TAX INCREMENT DISTRICT
Jeanne Frederick stated that the legal description for the Tax Increment District was
inconsistant with the Property Identification Numbers so a Public Hearing would need to
be held to correct the discrepancy. She stated that Hennepin County would attempt to
move quickly to approve after the correct legal descriptions were provided.
Moved by Heideman, seconded by Mitchell to adopt Resolution 85-30, holding a Public
Hearing and Special Meeting to considered a modification of the Tax Increment Plan on
Friday, April 26, 1985 at 5:00 P.M.
Motion declared carried
3. TAX INCREMENT BOND SALE
Jeanne Frederick opened and read the following bids for sale of $1,345,000 G.O. Tax
Increment Bonds:
Piper, Jaffray & Hopwood, Inc. -Net Interest Cost, $787,880; Net Interest Rate, 8.4120%
Cronin & Marcotte, Inc.- II 784,730; 8.2733%
First National Bank of St. Paul- 787,645; 8.3041%
Continental Illinois Nat'l. Bank- 809,668.84: II 8.536308%
Miller Securities, Inc.- 787,897.63: 8.3067%
Moved by Mitchell, seconded by Heideman to accept low
rate of 8.2733 and interest cost of $784,730, as set
Motion declared carried
Moved by Mitchell, seconded by Heideman to designate
paying agent for the bonds.
Motion declared carried
bid of Cronin & Marcotte at interest
orth in Resolution 85-31.
irst National Bank of St. Paul as
4. IMPROVEMENT PROJECTS
Council reviewed report received from Glenn Cook regarding Capital Improvement Projects
that had been discussed for completion in 1985.
Jeanne Frederick stated that the Council should set priorities and plan to spend a
specified amount of money each year.
Council asked that she have a report as to the feasibility of completion of the projects,
for the April 26th meeting.
5. CITY-WIDE CLEAN-UP
Wilfred Scherer reported that the cost of paying for city clean-up had escalated and that
the Northwest Suburban Chamber of Commerce was reluctant to pay for disposal of a larger
amount of trash, each year. He asked if some city funds could be used for that purpose.
Moved by Scherer, seconded by Heideman to pay for disposal of trash in excess of $500.
Motion declared carried
6. PERSONNEL MATTERS
Thomas Anderson explained that he would like to hold regular staff meetings on the Fourth
Monday of each month and would like the attorney and engineer to also be present if matter
needing their input are being discussed.
Council advised that Laura Skarda be paid $30. for attendance at Planning Commission
meetings, as designated in the Personnel Policy. Council also advised that JoEllen Hurr's
retroactive salary be based on $28,000 per year.
Moved by Scherer, seconded by Reiser to adjourn.
Motion declared carried
Meeting ad' urned at 8:20 P.M. ✓�% iv'�3,2
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Clerk -Treasurer