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<br />Regular City Council Minutes - 2/1 0/03 <br />Page 12 <br /> <br />assessment proposal and expressed preference for <br />including funding in a tax levy as opposed to a surcharge. <br />In conclusion, Councilmember Maschka stated he would <br />not support the motion; rationalizing it was not good <br />public policy to initiate a surcharge, but would like to hold <br />discussion for future policy consideration of <br />undergrounding. <br /> <br />Mayor Kysylyczyn called the motion. <br /> <br />Roll Call <br /> <br />Ayes: <br />Nays: <br /> <br />Klausing. <br />Kough, Maschka, Schroeder and Kysylyczyn. <br /> <br />Motion denied. <br /> <br />IX. <br /> <br />Organizational Business <br /> <br />A. Award Voter-Approved Bonds for Public Safety and <br />Public Works Facilities <br />Finance Director Chris Miller introduced Ms. Terry <br />Heaten and Mr. Bob Thistle of the Financial Consulting <br />Firm, Springstead, to review the bond sale held earlier that <br />day. <br /> <br />Ms. Heaten reviewed the bond issue, alluding to the <br />favorable, broad-reaching and competitive market <br />entertained by the sale of $9.7 Million in General <br />Obligation Municipal bonds, with a fifteen (15) year term, <br />ten (10) year call. <br /> <br />Ms. Heaten provided a Bench Handout of the bid <br />tabulation and supporting documentation for the offer and <br />sale. <br /> <br />Kysylyczyn moved, Maschka seconded Resolution No. <br />10074 entitled "Resolution Accepting Proposal on the <br />Competitive Negotiated Sale of $9,700,000 General <br />Obligation Municipal Building Bonds, Series 2003A, and <br />Providing for Their Issuance," awarding the bid to the firm <br /> <br />Organizational <br />Business <br /> <br />Resolution 10074 <br />Award Bonds for <br />Public Safety and <br />Public Works <br />Facilities <br />