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CITY OF GEM LAKE <br />MINUTES OF CITY COUNCIL MEETING <br />February, 1998 <br />The February meeting of the City Council of the City of Gem. Lake was called to order by. Mayor £meott on Monday, <br />23 February 1998, at 8; l0.p.m. in the first floor meeting: room. of Tousley Ford. Mayor Emeott, Council Members Birkebak and <br />Nielsen, Treasurer Nordstrom, Bond Counsel Remedios, and Clerk Magnuson were present. Also present were representatives <br />of the White Bear Montessori School and several members of the community. <br />Following Mayor.Erneott's request foradditions, deletions, or corrections, the following wereunanimously approved <br />as presented: 1) .19 January 1998 Council Minutes on Motion by Nielsen, Second by Birkebak; 2) 23, February 1998 Agenda on <br />Motion by Birkebak, Second by Nielsen. <br />Review .ofHoeschler's minutes of the 16 February 1998 public hearing on thesite proposal for White Bear Montessori. <br />School, attached hereto as Exhibit' A", were. reviewed, discussed,and accepted with no action taken. <br />Magnuson reported Joel Schilling was instructed to proceed on the Watershed Management Plan by determining what <br />portions of the SEH. proposal were actually necessary and what portionsof the. VLAWMO plan can be adopted directly in form <br />already approved. Schilling proposed a 10 day time line for initial review. <br />Review of the I-35E Corridor Management group activities followed. Motion by Birkebak, Second by Nielsen to <br />continue with the group was unanimously approved. <br />Birkebak reported on current law enforcement issues with no action taken. <br />Motion by Birkebak, Second by Nielsen to enact Ordinance No. 68 and make same effective date of publication was <br />unanimously approved, <br />Discussion followed regarding revenue bond financingof the White Bear Montessori School project. Concerns tobe <br />investigated include: 1) possible use of public referendum for the issue; 2) legal review and protection of the city by city <br />appointed counsel; 3) bond insurance. availability; 4) review of bankcovenants related to the propertyand loan package; 5) review <br />of loner termfinancial projections of the schools operationsto determine ability to repay the issue; 6) projected savings to the. <br />school of the revenue bond financing over commercial lending. Motion by Birkebak, Second by Nielsento continue discussion <br />of the revenue bond financing for White Bear Montessori School to March was unanimously adopted. <br />Motion by Nielsen, Second by Birkebak to appoint. James Lindner to the Planning Commission was unanimously <br />approved. <br />Nordstrom presented the Treasurer's Report,a copy of which is attached hereto as Exhibit "B", and indicating a balance <br />in the City's General Fund of $64,679.24 and in the City's Sewer Fund of $42,412.97. Motion by Nielsen, Second by Birkebak <br />toapprove report was carried unanimously. <br />Paymentof bills totaling $13,354.63 and attached hereto as Exhibit "C" was presented. Motion by Birkebak, Second <br />by Nielsen to approve payments was carried unanimously. <br />The next meeting of the City Council will be on Monday, 15 March 1998 at7:00 pm. There being no further business <br />andupon motionduly made (Birkebak) and: seconded (Nielsen), the meeting was adjourned at 1.0:15 pm. <br />AUTHORED: 24 February 1998. <br />APPROVED: 20 April 1998 <br />AI ['EST: <br />Frederic <br />City Clerk <br />ATTEST: <br />Paul R. Emeott <br />Mayor <br />file: ininutes11998191 rcbm98 <br />Page 1 of 1 <br />