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<br /> I <br /> . <br /> I. ARDEN HILLS CITY COUNCIL - AUGUST 28. 1995 1 <br /> I CONSENT CALENDAR <br /> I A. Water Meter Replacement Request for Proposal. <br /> B. Resolution 95-60, Investment Policy <br /> I C. Abdo, Abdo & Eick <br /> D. Claims/Payroll <br /> I MOTION: Hicks moved and Keim seconded a motion to approve the Consent Calendar as <br /> presented, and authorize execution of all necessary documents contained therein. <br /> The motion carried unanimously (5-0). <br /> I PUBLIC COMMENTS <br /> . Mayor Probst at this time extended an invitation for anyone from the audience who wished to <br /> address the Council regarding any item not already on the agenda. There were no public comments <br /> at this time. <br /> I UNFINISHED AND NEW BUSINESS <br /> .. Resolution 95-62. Health Care Revenue Bonds. <br /> . City Administrator Fritsinger briefly reviewed the consideration of the issuance of a Housing and <br /> Health Care Revenue Bond. Mr. Fritsinger indicated the issuance of these bonds is on behalf of <br /> Johanna Shores, an affiliate of Presbyterian Homes. <br /> I Mr. Fritsinger noted this would still be subject to the review and approval of the City Attorney. <br /> I MOTION: Hicks moved and Keim seconded a motion to adopt Resolution Number 95-62, <br /> providing for the issuance and sale of Housing and Health Care Facilities Revenue <br /> Bonds, to provide funds for a project on behalf of Johanna Shores, Inc., (an affiliate <br /> . of Presbyterian Homes). This approval is subject to the review and approval of all <br /> bond and loan documents by the City Attorney. The motion carried unanimously (5- <br /> 0). <br /> I Resolution 95-61. Preliminarv 1996 Budget <br /> . City Administrator Fritsinger reviewed the proposed 1996 budget. He noted at this stage in the <br /> budget process, a preliminary levy after HACA payable in 1996 of$I,794,320 is being proposed. <br /> . This preliminary levy represents a 2.94% or $51,170 increase over the comparable payable 1995 <br /> adopted levy. <br /> .. <br /> I <br />