09-20-05A regular meeting of the Hopkins City Council was held on September 20, 2005, in
the Council Chambers of the Hopkins City Hall.
® Present were Mayor Maxwell and Council Members Brausen, Thompson, Johnson,
and Rowan. Also, present were staff members Getschow, Genellie, Stadler, Bradford,
Kerrigan, Harkess, and City Attorney Jerry Steiner.
CALL TO ORDER
Mayor Maxwell called the meeting to order at 7:36 p.m.
II. OPEN AGENDA -PUBLIC COMMENTS AND CONCERNS
There were none
III. OATH OF OFFICE
1. Police Officer Kevin Frederick
Chief Reid introduced Officer Kevin Frederick. The City Clerk administered the oath of
office. Officer Frederick's parents pinned his badge.
2. Emily Wallace-Jackson, Charter Commission
The City Clerk administered the oath of office to Emily Wallace-Jackson.
IV. REPORTS -COMMITTEES/COMMISSIONS
1. Quarterly Depot Report
Ted Duepner began by reviewing the busy schedule of the board. KT Engdahl, a
senior at Hopkins High School, spoke about activities that are scheduled on a regular
basis at the Depot. Addy Estes, Wayzata High School, spoke about special events
that are coming up. An alternative energy day will be held at the Depot. It will be
presented in an educational format, but will also give the board ways to conserve
energy at the Depot. Maddie Jones spoke about the National Night Out event at the
Depot. Ms. Jones thanked the Police and Fire Departments for their participation in
the event. The board will be having asix-month review of the partnership with Royal
Cuisine on Sunday. There are openings on the board for four teens and one adult.
V. CONSENT AGENDA
1. Minutes of September 6, 2005 City Council Meeting
2. Minutes of September 6, 2005 City Council Work Session, After the
Regular Meeting
3. Minutes of September 6, 2005 City Council Work Session
September 20, 2005 City Council Meeting Minutes Page 1
4. Minutes of September 13, 2005 City Council Work Session
5. Staff Summary Special Joint Meeting, Hopkins City Council/Minnetonka
® City Council, July 25, 2005
6. Approve LRT Regional Trail Winter Activities Permit (CR2005-1 16)
7. Approve Charitable Gambling Premises Permit, Hopkins VRW (CR2005-130)
8. Approve Lawful Gambling Premises Permit, Hopkins Area Jaycees (CR2005-
131)
Council Member Rowan moved and Council Member Johnson seconded a motion to
approve the Consent Agenda. A poll of the vote was as follows: Council Member
Brausen, aye; Council Member Thompson, aye; Council Member Rowari, aye; Council
Member Johnson, aye; Mayor Maxwell, aye. The motion carried unanimously.
VI. NEW BUSINESS
1. Approve Engineering Services Agreement and Order Feasibility Study, 2006
Street Improvement Project (CR2005-132)
The CIP identified street and utility improvements for 2006 along 20t" Ave S, 19`" Ave
S, and 18`" Ave S, all between Excelsior Blvd and Mainstreet; as well as 1 S` St S
between 17`" and 19`" Ave. The first step is ordering the feasibility study. Staff has
selected Bolton and Menk to do the topographic survey work, geotechnical evaluation
and the preliminary engineering report. The cost of these services is 531,760. Final
design and construction services will be negotiated separately. In answer to Council
Member Brausen's question, Mr. Bradford reviewed the process for determining the
choice of the consultant.
Council Member Brausen moved and Council Member Thompson seconded a motion
to adopt Resolution 2005-091, Resolution Ordering the Preparation of a Feasibility
Report for 2006 Street and Utility Improvements and authorize the Mayor and City
Manager to enter into an agreement with Bolton &Menk, Incl. to prepare the report.
A poll of the vote was as follows: Council Member Brausen, aye; Council Member
Thompson, aye; Council Member Rowan, aye; Council Member Johnson, aye; Mayor
Maxwell, aye. The motion carried unanimously.
2. Approve Sale of 2005 A and 2005 B Refunding Bonds (CR2005-133)
The City of Hopkins has the authority to issue refunding bonds to pay for early
retirement of old debt for new debt at a better price. Current bond rates have gone
down and the City has an opportunity to issue new bonds at a lower rate to pay off
old bonds that are at higher rates. The estimated savings to the City is 5260,000.
Rebecca Kurtz, Ellers and Associates, reviewed the bonding process and the sale.
Interest rates were better than expected. The reason for the better rates and quick
sale were attributed to the Standard and Poor's rating of AA-. The following are
some of the items listed as rationale for the rating: "Ongoing redevelopment of
commercial and residential properties that has resulted in strong growth in market
September 20, 2005 City Council Meeting Minutes Page 2
value, despite being almost entirely built out"; "Balanced operations with solid
reserves"; and "Moderate debt levels." "Through aggressive redevelopment
prpgrams, the City has expanded its commercial base and increased it desirability as a
bedroom community of Minneapolis." "The City has a history of balanced financial
operations and maintains healthy reserves."
Council Member Johnson moved and Council Member Rowan seconded a motion to
adopt Resolution 2005-092, awarding the sale of $1,640,000 General Obligation Tax
Increment Refunding Bonds, Series 2005A. A poll of the vote was as follows:
Council Member Brausen,' aye; Council Member Thompson, aye; Council Member
Rowan, aye; Council Member Johnson, aye; Mayor Maxwell, aye. The motion carried
unanimously.
Council Member Rowan moved and Council Member Brausen seconded a motion to
adopt Resolution 2005-093, awarding the sale of $1,775,000 Taxable General
Obligation Refunding Bonds of 20056. A poll of the vote was as follows: Council
Member Brausen, aye; Council Member Thompson, aye; Council Member Rowan, aye;
Council Member Johnson, aye; Mayor Maxwell, aye. The motion carried
unanimously.
VII. ADJOURNMENT
There being no further business, Council Member Brausen moved and Council Member
Johnson seconded a motion to adjourn the meeting. The meeting was adjourned by
unanimous consent at 8:07 p.m.
Respectfully Submitted,
erry Q~ermaier, City Clerk
ATTEST:
Eugene . M well, Mayor
September 20, 2005 City Council Meeting Minutes
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