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Regular City Council Meeting Monday, July 20, 2009 Page 7 Klausing moved, Johnson seconded, directing staff to abate the remaining public nuisance violation(s) at 3065 Sandy Hook Drive by hiring a general contractor to reroof the entire structure; repair, replace and paint portions of soffits, fascia, and siding, as detailed in Request for Council Action dated July 20, 2009, if progress toward remediation has not been completed by September 15, 2009, at an esti- mated cost of approximately $25,000; and further directing that the property owner be billed for all actual and administrative costs; and if those charges remain unpaid, staff is to recover costs as specified in Minnesota Statute, Section 407.07B; with costs to be reported to the City Council following the abatement. Mayor Klausing spoke in support of the motion, opining that it allows assurance for the community and neighbors of the City's seriousness regarding code com- pliance; while offering the City options in this specific situation. Roll Call Ayes: Pust; Roe; Ihlan; Johnson; and Klausing. Nays: None. Mr. Larson commended staff for their proactive and immediate response to his notification of this situation; and opined that he had never seen public authorities move forward as quickly as this process has. b. Award the Sale of the 2009 Refunding Bonds Finance Director Chris Miller introduced Ms. Terry Heaton from Springsted, the City's financial consultant for the two most recent bond issues; noting that results had been very favorable for the City. Mr. Miller distributed, as bench handouts, bid tabulations of each respective issue. Ms. Heaton reviewed specifics of each bond issue; number of bids received; con- firmation by Standard and Poors of the City's bond rating status (AA); recogni- tion and improved assessment opinion of Roseville's financial management prac- tices at the highest level of strong, supported by the City's long-range (10-year) Capital Improvement Program and its projects, providing confidence in the mar- ketplace of the City's sound management techniques and indicating top quality credit in that marketplace. Mayor Klausing expressed appreciation for the favorable ratings and cost savings; and specifically recognized Mr. Miller for his financial management expertise. Councilmember Roe sought clarification on the Westwood Village I's prepay- ment and objection period related to the bond issue. Mr. Miller noted that the objection period remained in place through July 23, 2009; however, noted that sufficient prepayments had been received, and insuffi-