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Regular City Council Meeting <br /> Monday, September 24, 2012 <br /> Page 10 <br /> While the original intent was to split the remaining $17 million into two (2) <br /> separate bond issues to minimize issuance costs and underwriter fees on each is- <br /> sue, Mr. Miller advised that due to market changes in the municipal bond mar- <br /> ket since that time, it now made more sense to proceed with a single $17 million <br /> bond issue. <br /> Mr. Miller noted that Ms. Terri Eaton of Springsted Incorporated, was present at <br /> tonight's meeting to respond to any questions or comments of the City Council <br /> or public. <br /> Mayor Roe noted inclusion with the meeting materials, at his request, a DRAFT <br /> Parks and Recreation Renewal Program Timeframe (4-year plan) revised as of <br /> 08/29/2012 and subject to adjustments based on community input and guidance; <br /> as well as the original Proposed PIP Projects listed by park and prepared by Jeff <br /> Evenson and dated August 28. 2006. <br /> Mayor Roe opened the Public Hearing at approximately 7:07 p.m. and reviewed <br /> protocol for public comments. <br /> Public Comment <br /> Greg Ryan,Roseville Owasso Hills Resident(address not given) <br /> Mr. Ryan stated that his property had been overtaxed since living here; and ex- <br /> pressed his frustration now with the City Council and Mayor pushing forward <br /> this multi-million dollar agenda without it going to a ballot for taxpayers to have <br /> the opportunity to shut it down. Mr. Ryan opined that it was unfair that four <br /> City Councilmembers and the Mayor could single-handedly elevate his property <br /> taxes at a time when the economy was weighed down, clearly taking oxygen out <br /> of the room and moving money people didn't have. Mr. Ryan further opined <br /> that it should be illegal for them to endorse this effort, when people were on the <br /> threshold of losing their homes and foreclosures being at an all time high. <br /> While the fire station had already been demolished, Mr. Ryan took issue with <br /> the City Council coming to citizens for park improvements, opining that it rep- <br /> resented gross negligence on their part to impose this on the City's poor taxpay- <br /> ers. Mr. Ryan questioned why this hadn't gone to a referendum for taxpayer <br /> vote; noting that two (2) Councilmembers didn't want to endorse this cost to <br /> taxpayers. Mr. Ryan advised that he had only found out about this in today's <br /> newspaper; and asked Councilmembers supporting this to resign. <br /> John Torgerson, 337 South Owasso Blvd. W <br /> While not seeking anyone's resignation, Mr. Torgerson encouraged Coun- <br /> cilmembers to change their vote. Upon his first awareness of this in today's <br /> newspaper, Mr. Torgerson expressed how irate he was, as well as others in Ro- <br /> seville who had no idea this was being considered and therefore had not been <br /> sufficiently informed. Mr. Torgerson reviewed his perception of potential in- <br /> creases to property taxes from this bond issue as well as City, County and State <br />