07-12-1999 Council Packet - Laserfiche WebLink

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*. • * <ORONO CITY COUNCIL MEETING MINUTES FOR JUNE 28,1999 (^1 - Westonka Area Community Center, Continued) positive about this project. Sansevcru indicated he would be willing to join the Westonka Area Community Center. Mayor Jabbour thanked the committee for their fine efforts on their project, noting that financing for this center will need to be looked at in more depth. Flint commented that approximately 7,200 people reside in Orono. Reese stated that they will need to involve a large number of the surrounding communities, which should generate approximately 30,000 to 40,000 people, in order for this center to be viable. Mayor Jabbour thanked the committee for their presentation. (#2) 6:50 p.m. > Award Sale of General Obligation Improvement Bonds, Series 1999 - Resolution No. 4310 Carolyn Drude, Bond Consultant with Ehlers Associates, reviewed the competitive bids received for the sale of bonds in connection with the sanitary sewer projects for Shoreline/Heritage Lane, Orono Orchards, and Edgewood Hills. Drude stated that four bids have been received, with the City being able to obtain a S.0668 interest rate. Drude noted that the City of Orono has aAal rating. Mayor Jabbour noted that the City's last bond rate was 4.19 percent. Drude stated that in general interest rates have risen. Kelley moved, Peterson seconded, to approve and adopt RESOLUTION NO. 4310, a Resolution Awarding the Sale of General Obligation Improvement Bonds, Series 1999, in the amount of Sl,190,000, for the funding of sanitary sewer projects for Shoreline/ Heritage Lane, Orono Orchards, and Edgewood Hills. VOTE: Ayes 5, Nays 0. (it3) 7:00 p.m. - Public Hearing - Webber Hills Sewer Project A. Order Plans and Specifications for Webber Hills Sanitary Sewer Project - Resolution No. 4311 Gappa stated that the procedure for tonight's hearing will consist of an overview by City Staff regarding the sewer project, followed by questions by City Council and City Staff. The public will then be given an opportunity to ask questions and comment on this project, followed by a vote by the City Council on whether the plans and specifications for this project should be ordered. Page 2