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. . Minutes of Regular Council Meeting, November 25, 1985 Page three After a poll of the Council, it was the general consensus that a second opinion would result in the same need - a water tower. Peck said he'd like a feasi- bility report prepared and the options reviewed, and the need identified. Lamb suggested the possibility of an alarm, notifying high water users to restrict their water usage during an emergency. Sather said he'd like to get a second opinion on the tower need; would like the feasibility of obtaining water from another community investigated; feels this is the quickest way to resolve the problem. Hansen said she'd like a feasibility study prepared, including optional 1 and 1-1/2 million gallon tower and covering the other options. Hicks said he'd also like a feasibility report; feels Arden Hills should be relatively independent for its water needs; noted that peak times in Arden Hills will also be peak times in our surrounding communities; feels relying on a cross-connection is not in the City's best interest. . Hicks moved, seconded by Hansen, that Council authorize SEH to prepare a feasibility report for a 1 or 1-1/2 gallon water tower; feasibility to include emergency connection with Shoreview and/or New Brighton and a time schedule. Motion carried (Hicks, Hansen, Peck, Woodburn voting in favor; Sather voting in opposition). (4-1) (Anticipate report at last meeting in January.) Advance Refundin~ Bonds Council was referred to Treasurer Lamb's memo re Savings Concept (11/22/85) and to letter from Steve Mattson, Juran and Moody, Inc.(11/22/85) re $2,200,000 General Obligation Advance Refunding Bonds of 1985 City of Arden Hills, Minnesota. Mattson referred Council to the updated transaction summary (11/22/85) noting that the average coupon rate dropped to 6.455%; explained that the interest rate fluctuates and the transaction will be based on the situation on the day of sale, presently scheduled for December 3. Ted Brownell (Juran and Moody computer specialist) noted that at 6.45% interest, the net savings to the City would be $38,000 (about 1!% decrease in interest). There would be additional savings since there will be no paying agent fees for the old or new issues. Mattson said the final computer runs on the day of sale will be available to Council; stated that the City will then know "to the penny" exactly what the savings are and when they'll occur. Mattson explained that Council can make its decision on December 3. with no out-of-pocket costs to the City. Public Safety Committee Recommendations Council was referred to Public Safety Committee minutes of 11/18/85. Petition for Street Li~ht on"Arden View Court Hansen reported that the Public Safety Committee recommends Council approval of a street light for this area, with the cost of power billed to the Homeowner's Association. Public Safety Committee Chairman Timm stated that there are 162 homes in this area; estimated about 1,000 cars/day travel this road which is curved and very dark; stated it is a hazardous curve (public street and driveway intersection) . . Bill Krummel, resident of the area, said the curve and intersection is worse at night; curve is hazardous even in daylight. In discussion.. it was stated that the rest of the street is well lighted with association lights. Krummel reported that the matter was brought up at a board meeting; stated , the Homeowner's ,Association is willing to be billed for the energy for the light. Hicks moved, seconded by Sather, that Council authorize the installation of the light at the location designated on the map submitted, with cost of energy billed to the Homeowner's Association quarterly. Motion carried unanimously. (5-0) .