City Council Meeting

LE SUEUR CITY COUNCIL

AGENDA

City Council Regular Meeting

Monday, December 12, 2011                                    

7:00 p.m.                                            

Council Chambers

1.      Call to Order

2.      Pledge of Allegiance

3.      Approval of Minutes           - Regular Meeting of November 28, 2011

- Special Meeting of December 5, 2011

4.      Public Hearing

5.      Bid Opening

6.      Bid Award

7.      Petitions, Requests, Communications, and Visitors

A.  Overview of the Objective and Implementation of Government Accounting Standards Board (GASB) Statement No. 54 – Kyle Meyers, Abdo, Eick & Meyers, Inc.

1.      Consider Adoption of the GASB 54 Fund Balance Policy.

2.      Consider Resolution to Commit Revenue Sources for Special Revenue Funds.

B.   November 23, 2011 Correspondence from Mr. Derick Dahlen, General Manager, Minnesota Municipal Power Agency (MMPA).

8.      Ordinances & Resolutions

A.  Consider Approval of a Joint Resolution Between the City of Le Sueur and Ottawa Township Relating to the Orderly Annexation of the Site (34.92 Acres) for the Proposed Minnesota Municipal Power Agency (MMPA) Hometown BioEnergy Facility.

(Chris Hood, Flaherty and Hood, P.A.)

9.      City Administrator’s Report

10.  Reports

11.  Bills

12.  Unfinished Business

13.  New Business

A.  Consider “Motion of Intent” to Rezone the Site (34.92 Acres) Being Annexed for the Proposed MMPA Hometown BioEnergy Facility from Agricultural (Le Sueur County) to Industrial (City of Le Sueur).

B.   Consider Approval of the 2012 Governmental Fund Budget and Property Tax Levy.

C.  Review the Proposed 2012 Water, Wastewater, and Electric Utility Budgets.

D.  General Obligation (G.O.) Crossover Refunding Bonds, Series 2012A.

(Rusty Fifield, Northland Securities)

1.      Consider Resolution Authorizing the Issuance of Said Bonds.

2.      Consider Motion Authorizing the Execution of the Bond “Purchase Agreement” with Northland Securities.

14.  Miscellaneous

15.  Adjournment