07-10-1989 Council Minutes - Laserfiche WebLink

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N n U MINUTES OF THE REGULAR ORONO COUNCIL MEETING JULY 10, 1989 FINANCING REVIEW SEWER/WATER PROJECT Ms. Carolyn Drude was present for this matter. City Administrator Bernhardson informed the Council and Mayor Grabek that the bonds issued for the Highway 12 project improvement may be prepared for a possible sale as early as September 11, 1989. Councilmember Callahan asked how the bonds would be paid off? Bernhardson explained that if the projects are approved to proceed, the bonds would be issued yet this fall and the assessment process would begin at that time. It is the City's intent to assess all of the Highway 12 project. The City also intends to bond for the lift stations 10 and 43 project. Financing for lift station 43 would come from operating funds; lift station 10 would be financed through connection fees. Bernhardson added that the City was optimistic about obtaining at least a 35% petition from the property owners in the Highway 12 area. Bernhardson said that the City would like to have everything in place by the August 14 Council meeting and that Council direction for the bond sale could be given at that time. Councilmember Goetten questioned the provision allowing for • the City to levy up to 105% Berhnardson replied that it was not only normal procedure, but a requirement that the City levy in excess of what the projected needs would be to assure that there will not be any deficit. Bernhardson anticipated that these projects would be paid mainly from special assessments. There are concerns due to a portion of the funding for Lift Station 10 coming from connection charges that may not come in uniform amounts. It was moved by Mayor Grabek, seconded by Councilmember Goetten, to conceptually adopt the direction for the financing and direct staff to prepare the necessary bonding documents for these projects. Staff is further directed to bring back the bond resolution on August 14, 1989 for tentative sale on September 11, 1989. Motion, Ayes =5, Nays =O, Motion passed. ASSESSING SERVICES REVIEW City Administrator Bernhardson explained that it was Rolf Erickson's intention to phase out his contract. There are 4 options to consider: 1) contract for an assessor; 2) hire an in- house assessor; 3 ) going back to the assessment district; or 4 ) contracting with Hennepin County. Bernhardson said that the City would like to explore the options of contracting with another assessor or having an in -house assessor. He said that there are not many people who offer assessing services and those who do, would prefer to do it in- house. An in -house assessor would be • more costly. Mr. Erickson has recommended four options for phasing out his contract and Bernhardson suggested that option 4 would be most beneficial. Mayor Grabek concurred with Bernhardson. 10