Laserfiche WebLink
� ' • 43 <br />� <br />M�Ft. RGBERT FLESCH, 1975 Jerrcld: I think I'm in favor <br />of the se�Hage system. No question about it. I've had trouble <br />2nd maybe I'm getting old, but I hate digging these dxain fields. <br />The yuesticn I have tc ask is relative tc. the ccst cf building <br />the sewage system. Do we kno�r+ hew Maplewcod fiasnced their <br />bcnds versus Rcseville? <br />b¢i. POPUVICH: I'm familiar with the Maplewood cparaticn. <br />They're special ass�ssments. <br />i+�i. FLESCH: I mean as far as seliing their bonds to an <br />organizaticn tike a bank cr semething. <br />NFt. POPOVICH: They proceeded under the negotiated basis. <br />They sold scme t�e and h half million dollazs to a bcnd hou�e <br />without public bid. You can analyze it whichevsr way yon �rant. <br />. Perscnally I favcr public letting and what we wili de fcr the <br />Council is once we have determined what cur maturitits are we. <br />will invite any bank er investment house tc bid. <br />NR. FLESCH: Doesn�t it ccst more that way?�� <br />NR. POPCVICH: Hotr �an ycu prcve it? If yov financed tcday <br />ycu wculd pay cne kind cf inter�st rato. Three years agc if ycu <br />had scld bcnds it would be at least a percent cr a percent and a <br />half less. YJhat do you ccmpare? Here, this is going tc be <br />hadlQd so quickly that I don't see the value of it althro ugh sortw <br />ccmmunities have dcne it. This Council has dttermined that all <br />ef the publie Zetting is going to be dcn� by publie bidding and <br />it's up tc• you to d�cide whether that's good policy or not. <br />1�4i. Bl+NISTER: Gf course, we wcrk with a lct cf diffarent <br />• projects and different m�thods cf finanCing. It's genezally <br />considered that a public sale such as is proposed here is to th� bfet <br />ir:tarests of the community. In projects wher� we have beQn doing <br />