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City Council Minutes March 5, 2020 Page 5 of 9 ----------------------------- COUNCIL MEMBER SEILS ACKNOWLEDGED SERGEANT TURCOTTE'S RESIGNATION AND MOVED TO BEGIN THE HIRING PROCESS FOR THE POLICE SERGEANT POSITION AND IF THE CANDIDATE SELECTED IS FROM WITHIN THE PEQUOT LAKES POLICE DEPARTMENT AUTHORIZATION IS GIVEN TO BEGIN THE HIRING PROCESS FOR THE NEWLY VACATED POSITION. COUNCIL MEMBER CLEMENT SECONDED THE MOTION. MOTION CARRIED 3-0. 9. Public Works Report The February 2020 Public Works Report was received by Council. 9.1. Acceptance of Armed Services Flaq Displav Donation Nancy Malecha presented to Council a letter the City received from the Fargo Moorhead Area Foundation stating that one of their fund-holders would like to grant the City a donation for a U.S. Armed Services flag display around the Veteran's Memorial in Trailside Park. She explained it is the same anonymous donor that gave the generous donation of$250,000 for the flag display and the splash pad. Ms. Malecha stated that there have been some very preliminary discussions with Jack Schmidt from the Pequot Legion who seems to be on board with it. Ms. Malecha stated the Park Commission reviewed the letter at their February 13th meeting and they unanimously support the acceptance of the donation. She stated that there is no dollar amount tied to the donation and it will be dependent on what the project costs. She explained that it would be a total of six flags for each armed services branch and the details of the design will need to be worked out. She said this is something the Park Commission would work on if the Council accepts this donation. COUNCIL MEMBER SEILS MOVED TO ADOPT RESOLUTION 20-10 ACCEPTING THE TRAILSIDE PARK DONATION. COUNCIL MEMBER CLEMENT SECONDED THE MOTION. MOTION CARRIED 3-0. 9.2. Rasmussen Road & South Washinqton Avenue Improvement Proiect 9.2.A. Set Sale Date of General Obliqation Bond Issuance Jason Murray, City's Financial Consultant from David Drown Associates, presented the Recommendation Letter, Cash Flow Report and the Resolution for the general obligation utility revenue and disposal system bonds for the Rasmussen Road & South Washington Avenue Improvement Project. He explained this week there has been a lot of market changes and if the Council proceeds with the sale resolution tonight he will be back in a month to lock in the interest rates. He stated they will be borrowing a total of about $2,115,000, with the Highway 371 turnback funds and some budget allocations totaling $943,000