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<br />-- <br /> . <br /> - <br />. <br />. <br /> Village Council Minutes -3- Dec. ii, 1972 <br /> REPORT OF VILLAGE ENGINEER DONALD LUND <br /> Aerial Survey <br /> The question of whether a formal contract or a letter agreement should <br /> be used In the survey order with Chicago Aerial was referred to Atty. <br /> Courtney. <br /> Mr. Christoffersen reported that the survey company was not able to <br /> fly the project this past fall, because of I~ck of good flyIng days. <br /> The Job If I I I be delayed to spring 197:5. <br /> New BrlQhton Sanltarv Sewer Interceptor <br />. Engineer Lund's lettor, dated .December ii, 1972, was read. Upon the <br /> recommendation of Councilman Henderson, the Council agreed to go on <br /> recorn with the Metro Council that Arden Hills does not want to be- <br /> come direct I y Involved In the question of the New Brighton Sanitary <br /> Sewer Interceptor. Mr. Henderson If III draft the letter to the Metro <br /> Council. Our earlier contact with the Metro Council was directed <br /> to their Referral Committee. <br /> REPORT OF TREASURER RICHARD O'KEllY <br /> Federal Revenue SharIng <br /> Treasurer O'Kelly reported that the first check from the Federal Govern- <br /> ment for the Federal Revenue Sharing Program has been received today <br /> In the amovnf of $9,506. This represents the p.ayment for Jan. I , 1972 <br /> thru June 30, 1972. The funds can be commingled in our bank account, <br /> bu~ are to be established within our accounting system as 8 s~~claH <br /> trust fund. Treasurer O'Kelly to check apportionment of the payment. <br /> Investments <br /> As of Novembe r 30: <br /> Tota! Invested - $614,692,37 <br /> Percent of Available Cash Invested - 95~ <br /> November Investments <br /> ( I ) $5,000 _dded to Investment at Rosevlll. Bank Certificates <br /> of Deposit maturing In November were consolidated Into <br /> I Certificate of Deposit, resu Itlng In a $30,000 Certifi- <br /> cate Invested for 6 months, Interest @ 5.li. <br /> (2) S50M at First National, which matured 11/24, reinvested <br /> for 6 months @ 4 7/8%. <br /> December Investments <br /> Of the S250M ~8turlng 12/12172, SI65M will be reinvested, since <br /> we need the bal.nc~ to meet bond payment on 12/26/72. <br /> December Tax Settlement <br />. Ramsey County AudltDr anticipates this large tax settlement <br /> check wi 1 ! be I s5ued between Decembe r 20-27. Current plans <br /> call for Investing this In Its entirety Immediately ~n receipt <br /> of check. <br /> REPCRT OF COUNCILMAN JOHN HOLLENHORST - Planning and Zoning <br /> Case No. 72-35 - Pemtom <br /> Motion was made by Henderson, seconded by Olmen, that the Councl I <br /> concur with the Planning ~ommlsslon. and that Council approval be <br /> given the plat plan changes and Issuance of building permits for <br /> additions one and two, as presented with Case No. 72-35. Motion <br /> carried unenlmously. <br /> . <br /> -3- <br />