Laserfiche WebLink
<br /> I DRAET <br /> I ARDEt! I;ULLS qTY COUNCIL - MAY 12 ]997 7 <br /> ,. F. Resolution #97-25, Apportionment of Assessments Relating to Improvement W-78-5 <br /> (No. 1783) <br /> I G. Resolution #97-26, Apportionment of Assessments Relating to Improvement 8t-81-2 <br /> (No. 5163) <br /> I Mr. Fritsinger stated Council was being requested to consider adopting two resolutions that <br /> pertain to the apportionment of assessments resulting from a property division by Ramsey <br /> County Records and Revenue. The remaining 35.7 Control Data parcel had been subsequently <br /> I platted into three parcels, <br /> Resolution #97-25 apportions assessments pertaining to Improvement "IMP W-78-5" (DIP No. <br /> I 1783) between the smaller remaining 23.8 acre Control Data property and a 10.5 acre CSM <br /> parcel. Assessments were not apportioned to the new .9 acre parcel given to the City of Arden <br /> Hills for an expanded pedestrian and bicycle easement in partial satisfaction of park dedication <br /> I requirements. Council may recall earlier action on November 27, 1995, wherein the original <br /> 41.9 acre Control Data parcel was replatted to accommodate the two new Dynamark building <br /> I parcels, Resolution #97-26 apportions assessments pertaining to Improvement "IMP ST81-2" <br /> (DIP No. 5163) between the remaining 23.8 acre Control Data property and the 10.5 acre CSM <br /> property, <br /> Ie MOTION: Malone moved and Keirn seconded a motion to adopt Resolution #97-25, <br /> apportioning assessments pertaining to Improvement "IMP W-78-5" (DIP No, <br /> . 1783; and Resolution #97-26, apportioning assessments pertaining to <br /> Improvement "IMP ST81-2 (DIP No. 5163). <br /> I Mayor Probst inquired if this action would be required by Council in future years. Mr. Fritsinger <br /> replied this action was only needed because this property had been sold, and would not need to <br /> be repeated. <br /> I The motion carried unanimously (5-0). <br /> I H. Authorization to Obtain a Current City Bond Rating <br /> I Mr, Fritsinger stated the City of Arden Hills had not been a participant in the bond market since <br /> 1985, and currently had no bond debt. With this lack of bond issuance activity, the City had not <br /> maintained, nor does it currently have, a bond rating. With the upcoming improvements to the <br /> I Gateway Business District, and the probability of issuing bonds, obtaining a current bond rating <br /> would be a prudent first step. A memo from the City's independent financial advisor, Ehlers & <br /> Associates, Inc., commented on the relationship between credit ratings and the bond issuance <br /> I process. <br /> t' Mr. Fritsinger reported an unbudgeted $3,000-$7,500 expenditure in the Development! <br /> I <br />