Posted: April 16, 2018
Present: Lienau, Beckman, Langreck, Holthaus.
Absent: Knutson.
Following the Pledge of Allegiance to the Flag, Mayor Green called the meeting to order at 5:00 pm.
Maggie Burger, the City’s financial advisor from Speer Financial Inc., explained the bidding process that took place earlier in the day where four bids were received for $1,330,000 General Obligation Corporate Purpose Bonds, Series 2018. The bonds will be used to finance costs associated with constructing street, sidewalk, sanitary sewer and storm water drainage improvements. Burger went on to say that upon examination of the bids received from Banker’s Bank, Madison, Wisconsin, D.A. Davison & Co., Denver, Colorado, Northland Securities, Inc., Minneapolis, Minnesota and UMB Bank, n.a., Kansas City, Missouri, it was of Speer Financial opinion that the bid of Banker’s Bank, Madison, Wisconsin, is the best bid received and is favorable to the City, so therefore recommends the Bonds be awarded to Banker’s Bank at a true interest rate of 2.8938%.
Beckman made a motion introducing Resolution #603, a resolution Awarding General Obligation Corporate Purpose Bonds, Series 2018, seconded by Lienau.
Whereupon the Mayor put the question on the motion and the following named Council Members voted:
Ayes: Holthaus, Langreck, Lienau, Beckman.
Nays: None. Absent: Knutson.
Whereupon the Mayor declared said motion carried and the resolution adapted.
Lienau made a motion introducing Resolution #604, a resolution Accepting Work Covering the Jessie-Brooks-West Street Paving Project, seconded by Holthaus.
Whereupon the Mayor put the question on the motion and the following named Council Members voted:
Ayes: Holthaus, Langreck, Lienau, Beckman.
Nays: None. Absent: Knutson.
Whereupon the Mayor declared said motion carried and the resolution adapted.
Beckman made a motion introducing Resolution #605, a resolution Adopting Final Assessment Schedule for the Jessie-Brooks-West Street Paving Project and Amending, Confirming and Levying the Assessments, seconded by Langreck..
Whereupon the Mayor put the question on the motion and the following named Council Members voted:
Ayes: Holthaus, Langreck, Lienau, Beckman.
Nays: None. Absent: Knutson.
Whereupon the Mayor declared said motion carried and the resolution adapted.
Beckman made a motion authorizing Payment #8-Final in the amount of $30,010.44 to Croell, Inc. for the Jessie- Brooks-West Street Project, seconded by Holthaus, carried, one absent.
Lienau made a motion introducing Resolution #606, a resolution Approving and Accepting the Military Trail Estates- First Addition-Final Plat, seconded by Beckman.
Whereupon the Mayor put the question on the motion and the following named Council Members voted:
Ayes: Holthaus, Langreck, Lienau, Beckman.
Nays: None. Absent: Knutson.
Whereupon the Mayor declared said motion carried and the resolution adapted.
Beckman made a motion approving Ossian Fire Department’s application for a 5 Day Beer Permit w/Outdoor Service, seconded by Lienau, carried, one absent.
Further discussion regarding repairs to the exterior of the Community Center building was tabled until the May 7, 2018 council meeting.
Lienau made a motion to adjourn, seconded by Langreck, carried, one absent. Meeting adjourned at 5:50 p.m.