CC 10-15-1984 - Laserfiche WebLink

Home Browse Search

----- -------- ----- --------- . Minutes of Regular Council Meeting October 15, 1984 Page six REPORT OF Y!LLAGE TREASURER DONALD LAMB Investments 9/26/84 - $2 10,7 I 7 .77 at First Fede ra I @ 11.35% Interest, matur- Ing 3/26/85. 10/15/84 - $250,000.00 at Twin City Federal @ 11.5% for one year, maturing 10/15/85. Hicks moved to ratify the Treasurer's Investments. Hansen seconded the motion and the motion carrl ed unanImously. ( 4-0) - OTHER BUSINESS Joint FI re Board - Hansen reported a new proposal re the third . fire station, under consideration by the Jol nt Fire Board: The three cities pay for the bui Idlng and select the architect; LJ VFD prepares the specifications. LJ VFD will earn e qui ty In the but Idlng @ 5%/year. In case of dissolution of the fire department, LJVFD will se II Its Interest In the bui Idlng to the cities at a nominal cost and pensions will be guaranteed. Counci I expressed Its concurrence with the p roposa I as described. Hansen reported that she wi I I relay Council's reaction to the Board at Its 10/16 meeting. Status of Hamllne/Hi~hWat 96 Proposed Rl~ht-turn Lane from McNlesh reported that th s Is pending a report and figures the City Engineer. Status of Proposed Street LI~ht at Hamllne Avenue and County Road E McNlesh reported that Mrs. Plnce has no objection to the II gh t; reported she has not been ab Ie to contact Mrs. Be II to date. The estimated cost of the light was repo rte d to be about $3400.00, which Woodb urn said Is prohibitive; noted that the proposed light, at this location, does not meet the established crl terl a for a street II ght I nsta" atl on . Hansen noted that a light at this location may compound the problem by encouraging more traffic on this dead-end portion of Hamllne Avenue, REPORT OF VILLAGE CLER~ ADMINISTRATOR CHARLOTTE MC NIESH Approval of Election Jud~es for General Election Counc II was referred to list of Election Judges for the November 6th Gene ra I Elect I on , Rauenhorst moved, seconded by Hicks, that the Election Judges be app roved as submitted. Motion carried unanimously. (4-0) Claims an d Pay ro I I Hicks moved, seconded by Hansen, that Council approve the Claims and Payroll as p resen ted . Motion carried unanimously. ( 4-0) Development A~reements - Lamett I , Roya I Hills North, McClung 3rd . Addition - Time Period for Payment of Special Assessments McNlesh reported the r.tlonale for establishing a 6-year payment of special assessments In re cent yea rs; noted that some develop- ers, because of the ecclnomy, have allowed assessments and taxes to run delinquent unt II lots are sol d; consequently, the City must pick up the costs I n the In te rim. Rauenhorst moved, seconded by Hansen, that a 6-year time period for payment of special assessments for Lametti, Royal Hills North and McClung 3rd Addition be estab II shed by Council. Motion carried unanimously. (4 -0)