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v <br />ORONO COUNCIL MEETING HELD MAY 24, 1976 Page 11 <br />and has not fiduciary obligation to the City: RESOLUTION #687 <br />Ehlers & Associates, Inc. shall ldok solely to Bond Refunding <br />he difference, if any, between the price the (Continued) <br />,Oity is required to pay for the obligations to <br />be deposited in the escrow account in order <br />that the yield thereon shall be limited as <br />provided by the applicable proposed arbitrage <br />regulations and the actual market price thereof, <br />less all expenses of the City and Ehlers & <br />Associates, Inc., in connection with the offering. <br />Motion, Ayes (4) - Nays (0) . CouncAmember <br />Paurus abstained. <br />The 1976 Sealcoating Progfam was tabled untii 1916 SEALCOATING PROGRAM <br />the me3ting of June 14, 1976. <br />The Hill Street Vacation resolution for A. T; HILL STREET VACATION <br />Esco was tabled until the meeting of June 14; <br />1976. <br />Searles moved, Butler seconded, to accept thh F4L,CLEANUP DAY <br />May 15, 1976 Spring Cleanup Report and to prb.claim October 30, 1976 <br />a fall cleanup day for October 30, 1976, 8:00 A.M. <br />to 4:30 P.M. Motion, Ayes (5) - Days (0). <br />J ! <br />The Mayor announced that the Board of Review BOARD OF REVIEW <br />±� will meet in the City Council Chambers Tuesday, SPECIAL COUNCIL MEETING <br />June 1, 1976 at 7:30 P.H. followed by a special June.l, 1976 <br />Council meeting to consider the Supek ValU <br />E, request and the Multi -Housing Ordinance. <br />Butler moved, Paurus seconded, to accept the FAU FUNDING <br />extended deadline from June 1, 1976 to August 1, Bike/Hike Trails <br />1976 for application for Federal Aid Urban fund- <br />ing of the bike/hike trails. Motion, Ayes (5) - <br />Nays (0) . <br />Butler moved, Searles seconded, to adopt RESOLUTION #688 <br />Resolution #688, A Resolution Authorizing W.H.H.S.P.B. Amendment <br />Execution Of Amendment Number Two To The <br />Join-:- And Cooperative Agreement, West Hennepin <br />Human Services Planning Board. I -lotion, Ayes (5) - <br />Nays ( 0) . <br />Paurus moved, Butler seconded, to appoint William POLICE CADET <br />i Bennett, Jr., 1437 North Arm Drive, to serve as William Bennett, Jr. <br />'Rpolice cadet and part-time policeman. The part - <br />ime police position salary shall commence at <br />(j $3.50 per hour. PIotion, Ayes (5) - Nays (0). <br />G <br />