02-28-12 MinutesAgenda Item 6. a.
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YELM CITY COUNCIL REGULAR MEETING
TUESDAY, FEBRUARY 28, 2012 MINUTES
1. Mayor Harding called the meeting to order at 6:00 p.m.
2. Roll Call. Present: J.W. Foster, Joe Baker, Mike McGowan, Ken Garmann
and Russ Hendrickson. Bob Isom and Tracey Wood were excused.
3. Agenda Approval
12-12 MOTION BY JOE BAKER APPROVING THE AGENDA AS PRESENTED.
CARRIED.
4. Special Presentations - None scheduled.
5. Public Comment. No comments from public.
6. Consent Agenda
Minutes -
Payables - Checks #57572 - #57623 Totaling $140,944.70.
12-13 MOTION BY RUSS HENDRICKSON APPROVING THE CONSENT
AGENDA AS PRESENTED. CARRIED.
7. Public Hearing - none scheduled
8. New Business -
a. Mayor Pro Tempore Election
Yelm Municipal Code 2.06.010 states the Mayor Pro Tempore shall be
appointed from among their membership by a majority of the city council
members at the first meeting of the newly elected council at the
beginning of each biennium.
12-14 MOTION BY MIKE MCGOWAN NOMINATING BOB ISOM AS MAYOR
PRO TEMPORE FOR 2012-2013. CARRIED.
b. Resolution No. 530 Compliance Policy related to Tax Exempt
Bonds as part of City of Yelm Financial Policies
Janine Schnepf explained that Federal tax law requires the filing of an IRS
(8038-G) following the issuance of bonds and during the life of the bond
issue. The form includes questions about whether the city has adopted
written policies. The policy defines how the finances and records are
monitored after the issuance of the bonds.
12-15 MOTION BY JOE BAKER APPROVING RESOLUTION NO. 530 POST
ISSUANCE COMPLIANCE POLICY RELATED TO TAX-EXEMPT BONDS
AS PART OF THE CITY OF YELM FINANCIAL POLICIES. CARRIED.
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Agenda Item 6. a.
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c. Ordinance No. 955, Issuance and Sale of $2,275,000 Limited Tax
General Obligation Bond for Purchases of Timberland Library
Space and other Capital Improvements for Public Use.
Shelly Badger gave a brief explanation of the Limited Tax General
Obligation Bond (LTGO) to purchase a portion of the building at 210
Prairie Park Street that currently houses the Timberland Regional Library
and to finance other property acquisition and capital improvements. Jim
Nelson, Vice President and Senior Municipal Underwriter gave a detail
presentation to council. The City of Yelm has achieved an "A" rating grade
for the City's General Fund. The City is timing the sale of the Limited Tax
General Obligation (LTGO) and Refunding Bonds at a perfect time for
historically low interest rates. Mr. Nelson combined the current refunding
of 2000 Limited Tax General Obligation (LTGO) (Public Works office,
storage area, and police impound area) along with the new LTGO for a
combined net borrowing cost of 2.93%, which over the 20 year term
would save the City $23,938. Ordinance No. 955 provides for the issuance
and sale of the LTGO in the amount of $2,275,000.
12-16 MOTION BY J.W. FOSTER ADOPTING ORDINANCE NO. 955,
AUTHORIZING THE ISSUANCE AND SALE OF LIMITED TAX
GENERAL OBLIGATION BONDS IN THE PRINCIPAL AMOUNT OF
2,275,000 TO PURCHASE THE YELM TIMBERLAND LIBRARY
PORTION OF THE BUILDING LOCATED AT 210 PRAIRIE PARK ST.
AND TO FINANCE OTHER PROPERTY ACQUISITION AND CAPITAL
IMPROVEMENTS. CARRIED.
d. Yelm Animal Alliance Service Provider Agreement
Shelly Badger stated the City entered into an arrangement in 2010 with
Yelm Animal Alliance for the fostering and adoption of unclaimed dogs
from the Yelm animal shelter. In 2010, they provided these services for
32 dogs and in 2011, 39 dogs. The agreement provides an annual
administrative fee of $500.00 and $50.00 per dog fostered and/or
adopted by the Yelm Animal Alliance. The 2012 Budget includes funding
for this service.
12-17 MOTION BY JOE BAKER APPROVING THE SERVICE PROVIDER
AGREEMENT BETWEEN THE CITY OF YELM AND YELM ANIMAL
ALLIANCE (YYA) FOR DOG FOSTERING AND ADOPTION SERVICES.
CARRIED.
9. Old Business — None scheduled
10. Mayor and Council Initiatives
Councilmember Foster attended his first Nisqually River Council
meeting, where he received a warm welcome.
Councilmember McGowan reminded everyone of the Salmon Run
Apartments Ground Breaking Ceremony on Thursday, March 1, 2012, at
10:30 am. Mr. McGowan would like to further discuss recognition of the
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Agenda Item 6. a.
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staff members that went above and beyond their regular duties during the
ice storm in January.
Councilmember Garmann attended his first Thurston County Law and
Justice meeting.
Councilmember Hendrickson attended the Medic One meeting.
Mayor Harding attended the Thurston County Economic Development
Council (TCEDC) meeting where Yelm Faith Harvest, a nonprofit business,
was nominated as one of three finalist to be recognized as a Thurston
County business. TCEDC will hold an awards ceremony and will announce
the winner later. Announced the Salmon Run Apartments Ground Breaking
Ceremony this Thursday, Dollars for Scholars on Saturday and Study
Session tomorrow.
11. EXECUTIVE SESSION - NONE SCHEDULED
12. Correspondence -
Shelter Resources, Affordable Housing, Salmon Run Apartments Ground Breaking
Ceremony Invitation*, March 1, 2012
*Note: Thank you to City of Yelm, staff Tami Merriman and Gary Carlson for
assistance on project.
Thurston Regional Planning Council, Pre -Agenda, March 2, 2012
Intercity Transit February Newsletter
Thurston County Chamber Foundation, invitation to A Night on the Town, April 13,
2012, Dinner at Capital Events Center 6:00pm
Thurston Regional Planning Council Pre -Agenda, March 2, 2012
13. Adjourn 6:3, pm
Ron Harding, Mayor
Attest
Lori Mossman, Deputy City Clerk
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