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Regular City Council Meeting <br /> Monday, October 17,2011 <br /> Page 24 <br /> MOTION <br /> Pust moved, Roe seconded, directing staff to memorialize the directive to provide <br /> a formal Public Hearing and public comment opportunity for each bond issuance <br /> moving forward. <br /> Roll Call <br /> Ayes: McGehee; Wilimus: Johnson; Pust; and Roe. <br /> Nays: None. <br /> Further discussion among Mr. Miller, Ms. Ippel and Councilmembers included <br /> the need to get this process completed by December 31, 2011 to ensure the bond <br /> issue was bank qualified. <br /> Public Comment <br /> John Kysylyczyn,3083 N Victoria Street <br /> Mr. Kysylyczyn expressed his concern with tonight's discussion, and his clarifica- <br /> tion with Ms. Ippel prior to that discussion on whether the issue was based on net <br /> tax capacity or market value, with the issue being based on net tax capacity, <br /> which would provide a payback schedule leaning more toward commercial than <br /> straight market value for balance. <br /> Ms. Ippel clarified that the law had in the past always been based on net tax ca- <br /> pacity, until modified to say if an election, the levy was based on market value, <br /> which had been subsequently repealed; with all General Obligation bonds now <br /> based on tax capacity. <br /> Mr. Kysylyczyn expressed concern that the City actually had Port Authority pow- <br /> ers, based on his review of the laws that he'd distributed at last week's meeting; <br /> and further concerns that the City could use that power to issue bonds in the fu- <br /> ture without ever seeking to do so based on a voter referendums. Mr. Kysylyczyn <br /> suggested that this meant that, essentially, voter referendums in the City of Rose- <br /> ville will no longer be required, and optional in the future; creating a brand new <br /> public policy affecting the City as long as these statutes remain in effect. Mr. Ky- <br /> sylyczyn cautioned that this could mean that three members of the City Council, <br /> with little public notice, could take the City into indebtedness; a dangerous and <br /> precedent-setting change for the City. <br /> 14. City Manager Future Agenda Review <br /> City Manager Malinen reviewed upcoming agenda items. <br /> 15. Councilmember-Initiated Items for Future Meetings <br /> a. Councilmember McGehee Request to Discuss Requirements Relating to Fire <br /> Sprinklers and Handicapped Accessibility when Buildings are being Rehabi- <br /> litated <br />