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CCP 04-13-1998
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CCP 04-13-1998
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<br />. <br /> IDJ ~~?1 <br /> ARDEN HILLS CITY COUNCIL WORJ(SESSION - MARCH 16. 1998 3 <br />. <br /> with the exception of the vault and rough in restrooms. Ms. Sterner stated that the initial <br /> footprint of the building remains at approximately 9,800 square feet. <br /> Mayor Probst stated that, in an effort to keep the City Council's public commitment to stay on <br /> track with the budget, the lower level may need to remain as raw space, programmed for future <br /> modifications, rather than including a community room at this time. <br /> It was the consensus of the Council that, with recent discussions regarding staffing levels, the <br /> mezzanine area to be used immediately be eompleted, with the remainder of that level receiving a <br /> minimum of drywall and paint until further use is determined. <br /> It was the consensus of the Council regarding the lower level to provide finished out bathrooms, <br /> inexpensive floor treatments, vault, painted walls, future community space, and bid additional <br /> amenities as an alternate. Consensus among Councilmembers was that, should the bids come in <br /> more competitively than expected, more alternates could be included. The City Council also <br /> agreed that the fireplace will remain. The mechanical systems should be reviewed in order to <br /> reduce costs for this item. <br /> Mr. Fritsinger stated he would be in contact with Architectural Alliance staff following <br />. discussions regarding staffing proposals to be discussed later that evening. <br /> Mayor Probst left the meeting at 6:45 p.m., turning the meeting over to Acting Mayor, Dale <br /> Hicks. <br /> b. Assessments. 1998 Street Improvement Proiect <br /> 1. Interest Rate <br /> Mr. Post reviewed assessment rates from a City-historic and statutory basis. He stated that the <br /> City Council needed to consider, since the City generally internally finances these projects, that <br /> the City should receive a comparable yield as those funds available for investment by the City. <br /> Mr. Post suggested several options for the Council to consider. <br /> After further diseussion, staff was directed to prepare a resolution for Council consideration at <br /> the March 30, 1998 City Council meeting, with an interest rate at the Federal Reserve ten year <br /> constant maturity for the week ended March 25, 1998, plus one Percent (1.0%) with an upper cap <br /> at eight percent (8%) and a lower cap at six percent (6%). <br /> 2. Alternative Roll <br />. Previously, the City Council had directed staff to prepare several alternate assessment rolls for <br /> their consideration. <br />
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