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�YNUTES OF THE REGULAR ORONO COUNCIL MEETING HELD JUNE 10, 1985 PAGE 1 <br /> ATTENDANCE 7:00 PM The Orono Council meeting met on the above date with the <br /> following members present: Acting Mayor Frahm, Council- <br /> membersGrabek, Lynn Adams, and Tim Adams . Mayor Butler was <br /> absent. The following represented City staff : City <br /> Administrator Bernhardson, Public Works Coordinator <br /> Gerhardson, Zoning Administrator Mabusth, Assistant Zoning <br /> Administrator Gaffron, Deputy Clerk Lattin, and City <br /> Recorder Sutton. City Attorney Radio was also present. <br /> City Engineer Cook was not present, but Mike Lynch, from <br /> Bonestroo & Associates, was present. <br /> RESOLUTION #1772 <br /> AWARD SALE OF BONDS <br /> Carolyn Drude, Ehlers & Associates, was present. City <br /> Administrator Bernhardson stated that Carolyn Drude has <br /> indicated that the City of Orono' s bond rating has risen from <br /> A-1 to AA rating. Bernhardson stated that the highest bid <br /> for the interest rates was 8 .1051$ and the lowest bid was for <br /> 7 . 9156$. Bernhardsonstated thatstaff recommends that the <br /> City contract with the lowest bidder at 7 . 9156g. <br /> Councilmember Grabek moved, Councilmember T. Adams • <br /> seconded, to adopt Resolution #1772, A Resolution awarding <br /> sale of $900, 000 general obligation improvement bonds of <br /> 1985 to Miller Securities Inc. and Payne Webber, fixing the <br /> form and specifications thereof, providing for their <br /> execution and delivery and levying taxes for their payment at <br /> an interest rate of 7 . 9156�. Motion, Ayes ( 4 ) , Nays ( 0 ) . <br /> Carolyn Drude, Ehlers & Associates, recommended that the <br /> City appoint the First National Bank to be the paying <br /> registrar. <br /> Councilmember T. Adams moved, Acting Mayor Frahm seconded, <br /> to appoint the First National Bank as the paying registrar. <br /> Motion, Ayes (4 ) , Nays ( 0 ) . <br /> PUBLIC HEARING <br /> ART CENTER OF MN <br /> SEWER PROJECT EXTENSION <br /> 85-2 7 : 06-7 : 39 p.m. <br /> Acting Mayor Frahm called for the public hearing at 7 : 06 p.m. <br /> concerning the proposed sewer project extension for the Art <br /> Center of MN. City Recorder Sutton noted the affidavit of <br /> publication and the certificate of mailing. Those in <br /> attendancefor this public hearing signed attendance sheets <br /> which are attached to these minutes. Toni Richardson, <br /> representative of the Art Center, was also present. <br /> City Administrator Bernhardson noted that the City is <br /> required by law to publish the public hearing notice twice <br /> and that is the reason for the second convening of the public <br />