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,--,,~:~_'-S,,:Y:;;f;:'f!t~~-:r..'-' -'''':::''~~:~c t>.:~~,t~~;~-. '~~l~j,~{-:~_' ;'2~:7,~~~~' >~-~-~;fl :'~~:::~~!"i~~:;o/~~~~1, .. ....... .. ,'43 . f,lR. ROBERT PUOCH,1975 Jerrold: I think I'm In favor of the sewage syste~. No question about it. I've 'had trouble and maybe I'm getting old, but I hate digging these drain fields. The question I have to ask 15 relative to the cost of building the sewage system. Do we know hcwMaplewcod financed their bonds versus Roseville? PJR. POPOVICH: I'm familiar with the MaplewoOdop4tution. They're special assessments. PJR. PLEOCH: I mecan as far 8$ selling their bonds to an organization like a bank or something. M:\. POPOVICH: They proceeded under the negotiated basli. They sold scme two and II half lIillion dollars to a bond house without public bid. You can ahalyu it whicbever,way You want. . Personally I favor public letting and what we wIll do for the Council is once we have determIned what our maturIties are we". w111 invite any bank or investment house to bid. MR. FLEOCH: Doesn't it cost DlOre that way?p NR. POPOVICH: How fan you preve it? If you financed today you would pay one kInd of interest rate. Three years ago if you had scld bonds it would be at least a percent or a percent and a half less. What do you compare? Here, this 1sgoing to be hadled so quickly that I don't see the value of italtluough sOme communities have done it. This Council has determined that all of the public letting is going .to be done by public bidding and " it'. up to you to decide whether that's good policy o,r not. PJR. BANISTER : Ofcoune, we work with a lot of diff&1'8nt . projects and different methods of financing. It's gerieully considered that a public sale such as is proposed here Is to the best interests of the community. In projects where we have been doing , .