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Minutes of the Regular Council Meeting, February 8, 1988 Page 6 REPORT OF TREASURER INVESTMENTS Treasurer Frank Green reported on the following investments: 1/20/88 - $100,000.00, at First Minnesota, @ 7.30%, to mature on 1/17/89. 1/20/88 - $150.000.00, at First Minnesota, @ 7.30%, to mature on 12/15/88. . Moved by Hansen. seconded by Peck, that Council ratify the Treasurer's report. Motion carried' unanimously. (5-0) Creen advised he is. preparing an alternative investment option report, the League of Minnesota Cities 4M Fund. and will discuss the matter at a future meeting. PARK DEDICATION RPTi DAYBRIDGE DAY CARE Councilman Sather reported on negotiations for Park Dedication resolution for the Daybridge Daycare site at Highway 96 and Hamline Avenue. He stated that Daybridge , was issued a two week temporary Certificate of Occupancy, which expires on 2-12-88, and there will be no subsequent temporary arrangements made until such time as the park dedication has been satisfied. Sather ,~xplained the initial contact with Daybridge they indicated it was their understanding the park dedication had been satisfied, however, documentation to support this statement has not been received. Sather requested Council consideration of approval based on telephone contact, in the event a reasonable settlement of the park dedication has been reached; Council consensus was to proceed in this manner. . OTHER BUSINESS WATER TOWER DISC. Councilmember Winiecki questioned the request by the Engineer to hold the discussion of the water tower level prior to the regular Council meeting time on 2/29/88; it was her opinion that the matter should be heard on the regular Council agenda, after 8:00 p.m., in order to allow time for Councilmember Hansen to arrive at the meeting. Sather reminded Council that until labor negotiations are resolved. Council will hold closed meetings between 7-7:30 p.m.; it was his opinion the negotiations would preclude this request. Councilmember Hansen advised she would arrive at the Regular Council meeting of 2/29/88, after 8:00 p.m. SEWER BACK-UP; FAIRVIEW AVE. Councilmember Hansen questioned the sewer back-up problem at the Hawkins residence on Fairview Avenue North; she requested the Public Works Supervisor explain to Council reoccurred. why this problem has Raddatz reported he was only familiar with one occurrence; suggested it could be . tree roots in the line, however, Mrs. Hawkins questioned if the line may not be large enough to handle the flow. Raddatz advised the line could be jetted more often. however. that would not guarantee the line will remain clear. Hansen questioned policy regarding reimbursement for clean-up. Council concurred that the City does not reimburse residents for clean-up under this type of circumstance; the Public Works Supervisor was requested to jet the line more often, at least annually. WATER METER RDING; SIEMS COURT Councilmember Hansen questioned the water meter reading discrepancy. as per Raddatz's memorandum of 2-5-88. She asked if a meter card was returned by 'the resident. Raddatz explained that he had not reviewed all the returned meter cards distributed for survey purposes last fall. He reviewed the meter information he received from Badger and advised that the meter would not register if the water had not been used. After discussion Council concurred that the Public Works Supervisor should determine if this resident returned the meter card; if the card was returned and . shows a discrepancy amnesty should be granted. if not the bill must be paid. Raddatz advised he would report back to Council on this matter.