Minutes-02/13/2013 (2)

speaking, did not like the idea of adding another siren, at the City' s expense, at this time because we currently have good City coverage. Public Works Director Mehmen commented that all of our current sirens are A/ C only. If the power goes out, they will not work. To install a new AC/ DC emergency siren will cost around $ 36, 000. Mayor Berner wants to check if it might be possible to retrofit our current sirens from AC only to make them DC also. Council Person Upton would like to know if we can use TIF funds. Council Person Phillips made a motion to get costs and a timeline for AC/ DC options, seconded by Upton. All ayes. Motion passed. Resolution 2013- 015 Setting a Date for Public Hearing for Amending the Municipal Code of Chapter 99, Sewer Usage Charge System, to Include an Exception Under 99. 10 Payment of Bills: Jackson discussed with Council the dollar limit for the Ordinance, Council agreed it should be$ 300. Council Person Upton made an amendment to the Resolution to add the date for the public hearing to be on 02/ 27/ 13, seconded by Phillips. All ayes. Motion carried. Upton made a motion to approve 2013- 015 as amended, seconded by Phillips. All ayes. Resolution passed. Resolution 2013- 011 Setting a date for Public Hearing for FY2014 Budget: Jackson explained that even though we made the public hearing previously, the legal publication days could not be met and we needed to amend/ change the date to 02/ 27/ 13. Motion made by Kahler to approve 2013- 11, seconded by Bartels. Ayes= Kahler, Bartels, Upton, Phillips Nays= none. Resolution passed. Resolution 2013- 018 Setting a Date for Public Hearing and Letting for Division 2 of Water Tower project to include: 16- inch main to the new water tower and the 12- inch main from the water treatment plant to Ireland Avenue: Motion made by Phillips to approve 2013- 018, seconded by Bartels. Ayes= Kahler, Bartels, Upton, Phillips Nays= none. Resolution passed. Resolution 2013- 019 Approving the Mayor and City Administrator/ Clerk to sign the Addendum to the Federal Aid Agreement for the Surface Transportation Program Project- Ireland Ave. Motion made by Phillips to approve 2013- 019, seconded by Bartels. Ayes= Kahler, Bartels, Upton, Phillips Nays= none. Resolution passed. Resolution 2013- 020 Amending the 2013 Financial Investment Policy to have a one year cap of funds at Solon State Bank in the amount of$ 8M: Administrator Jackson informed Council that the Bond funds are in the savings account waiting for the projects to get completed. The funds technically are not investments but to follow the stated investment policy there are financial caps at each bank or credit union of$ 2. 5 million. Currently, the City is over that amount due to the bond funds. The best interest rate at any local or IPAIT investment is at Solon state bank currently. Mayor Berner confirmed the City would lose over$ 1, 000 per month in interest if the funds are transferred. Motion made by Kahler to approve 2013- 020, seconded by Bartels. Ayes= Kahler, Bartels Nays= Upton, Phillips. Resolution failed. Discussion: Big Country: Mr. Nolte, President of Iowa City Development G spoke to Council about the opportunity for Big Country Seeds to expand their business to add industrial recycling and between 5- 10 new permanent positions. Mr. Steines is requesting a 5 year property tax abatement on the expansion portion only of the property, which should be an additional 25, 000- 30, 000 square foot addition, which will almost double his current size. He is looking for a commitment immediately to move forward. Council wanted to know the general idea of what the costs would be. Best estimate is his current property taxes are around $ 36, 000 per year. Council had discussion of time frame for commitment and confirmed that the property tax abatement can use TIF funds. The tax abatement will begin the year after it is built, the Urban Renewal Plan needs to be amended and an agreement drafted between the