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I I. I I I I I I I .e I I I I . I I I- I ARDEN HILLS CITY COUNCIL - AUGUST 28, 1995 ~ CONSENT CALENDAR A. Water Meter Replacement Request for Proposal. B. Resolution 95-60, Investment Policy C. Abdo, Abdo & Eick D. ClaimslPayroll MOTION: Hicks moved and Keim seconded a motion to approve the Consent Calendar as presented, and authorize execution of all necessary documents contained therein. The motion carried unanimously (5-0). PUBLIC COMMENTS Mayor Probst at this time extended an invitation for anyone from the audience who wished to address the Council regarding any item not already on the agenda There were no public comments at this time. UNFINISHED AND NEW BUSINESS Resolution 95-62. Health Care Revenue Bonds. City Admini><trator Fritsinger briefly reviewed the consideration of the issuance of a Housing and Health Care Revenue Bond. Mr. Fritsinger indicated the issuance of these bonds is on behalf of Johanna Shores, an affiliate of Presbyterian Homes. Mr. Fritsinger noted this would still be subject to the review and approval of the City Attorney. MOTION: Hicks moved and Keim seconded a motion to adopt Resolution Number 95-62, providing for the issuance and sale of Housing and Health Care Facilities Revenue Bonds, to provide funds for a project on behalf of Johanna Shores, Inc., (an affiliate of Presbyterian Homes). This approval is subject to the review and approval of all bond and loan documents by the City Attorney. The motion carried unanimously (5- 0). Resolution 95-61. Preliminary 1996 Budget City Administrator Fritsinger reviewed the proposed 1996 budget. He noted at this stage in the budget process, a preliminary levy after HACA payable in 1996 of$I,794,320 is being proposed. This preliminary levy represents a 2.94% or $51,170 increase over the comparable payable 1995 adopted levy. ,