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<br /> ____n__ n___ _______ <br /> DRAFT I <br /> ARDEN mI,LS CITY COWClL - MAY 12. 1997 8 <br /> I <br /> Redevelopment Fund No. 522 was estimated. The two major providers in this market are .. <br /> Moody's Investor's Service and Standard & Poor's COIJloration. Staff recommends that Council <br /> direct the City Administrator to seek bids from qualified rating agencies in detennining a current <br /> bond rating for the City of Arden Hills at a cost not to exceed $7,500, <br /> MOTION: Malone moved and Hicks seconded a motion to direct the City Administrator to I <br /> seek bids from qualified rating agencies in detennining a current bond rating for I <br /> the City of Arden Hills at a cost not to exceed $7,500, The motion carried <br /> unanimously (5-0). <br /> I. Resolution #97-27, Accepting Quit Claim Deed for Various Portions of Excess I <br /> MNDOT Rights-of-Way adjacent to 8TH #51 <br /> Mr. Ringwald stated on August 14, 1995, City Council approved a request (site pIan) by Bethel I <br /> College to construct a parking lot adjacent to STH #51 (PC #95-18). As a part of that request, <br /> Bethel College requested the City's assistance in obtaining ownership to the Hamline Avenue I <br /> Service Road which parallels STH #51 and services Bethel College exclusively. Bethel College, <br /> for some time, had been maintaining this roadway as if it were their own, since MN/DOT had not <br /> maintained the roadway. I <br /> MN/DOT had also detennined that Hamline A venue north of County Road E and south of the <br /> railroad tracks was excess, as well as the frontage road which connects Grey Fox Road and Red ~ <br /> Fox Road. The State of Minnesota has executed a Quit Claim Deed which transfers these three <br /> properties to the City of Arden Hills, I <br /> Mr. Ringwald stated Staff intends to request the City Council to transfer the Hamline Avenue <br /> Service Road north of the railroad tracks to Bethel College at the Tuesday, May 27,1997, City I <br /> Council meeting. Staff recommended adoption of Resolution #97-27, authorizing the City <br /> Attorney to file a Quit Claim Deed. <br /> MOTION: Malone moved and Hicks seconded a motion to adopt Resolution #97-27, I <br /> authorizing the City Attorney to file the Quit Claim Deed. The motion carried <br /> unanimously (5-0). I <br /> ADMINISTRATOR COMMENTS <br /> Mr. Fritsinger requested Councilmembers interested in attending the LMC Conference to let him I <br /> know, Councilmember Aplikowski stated she is planning on attending Tuesday. Thursday at <br /> this point. Mayor Probst indicated he is unsure of his plans at this time, I <br /> Mr. Fritsinger discussed the City Code as it relates to electric fences, and indicated the City I <br /> Attorney had asked to have the code changed to enforce not allowing them in the City, He <br /> indicated there was a homeowner in the City who had installed an electric fence. <br /> .. <br /> I <br /> -- ---- -------------- ----------- <br />