06-01-2004 City Council Minutes - Laserfiche WebLink

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City Council Minutes Page 2 June 1, 2004 ------------------------------------ 4.1. Barking Dog Complaint Kris Ford of Pequot Terrace addressed the Council regarding a barking dog. The owner of the dog was present. The Chief of Police requested both parties to stop by his office to resolve the matter. 4.2. Transient Merchant Ordinance The City Clerk informed the Council that she is working on a transient merchant ordinance; however, it would not be done by the July 4th chamber event. She requested the Council to consider following the existing ordinance but to waive all fees until a new ordinance is adopted. COUNCIL MEMBER JOHNSON MOVED TO FOLLOW THE EXISTING TRANSIENT MERCHANT ORDINANCE AND TO WAIVE ALL FEES UNTIL A NEW ORDINANCE IS ADOPTED BY THE COUNCIL. COUNCIL MEMBER AKERSON SECONDED THE MOTION. MOTION CARRIED 7-0. 5.1. Industrial Park Utilities Extension Tim Houle reviewed the project schedule for the Industrial Park Utilities Extension. He noted that the project would be assessed and reviewed the State Statute 429 process that needs to be followed for assessments. 5.2. Financial Information on Industrial Park Project Shelly Eldridge of Ehlers stated that the project could be financed through improvement bonds. She reviewed the cash flow analysis and debt service schedule. She indicated that the bonds would be paid for through special assessments and from the sale of the vacant lots in the industrial park. The Council discussed the possibility of rolling other projects in with the improvement bond. Shelly indicated that it could be possible but that the bond requires that at least 20% of the project be assessed. The Council indicated that it would prefer to work with local banks on the bond issue. COUNCIL MEMBER AKERSON MOVED TO ADOPT RESOLUTION 04- 13 AUTHORIZING INITIATION OF THE INDUSTRIAL PARK UTILITIES EXTENSION PROJECT AND ORDERING PREPARATION OF FEASIBILITY REPORT. COUNCIL MEMBER RYAN SECONDED THE MOTION. MOTION CARRIED 7-0.