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Regular City Council Meeting Monday,March 11,2013 Page 19 from the remaining coupons and interest rate on bonds that had been considered low when initially issued at 3.69%. Since the bonds are not callable until 2014, Ms. Eaton advised that the savings would begin in 2015 and subsequent years. Ms. Eaton advised that this would result in an approximate savings of$317,000 for the City, higher than originally estimated, with the sale outperforming the marketplace, and a twenty (20) year low continuing. Ms. Eaton noted that the City of Roseville took advantage of an opportunity to cash in on some low interest rates; and recognized Finance Director Miller for his command of the fact as he spoke with various ratings agencies, and from her perspective in listening in to those conversations, opined that he had done a great job. In addition to this sav- ings, Ms. Eaton advised that the original bond issue of$4,145,000 would be re- duced to $3,980,000. Laliberte moved, McGehee seconded, adoption of Resolution No. (Attach- ment A) entitled, "Resolution Accepting Proposal on the Sale of$4,145,000 Gen- eral Obligation Municipal Building Refunding Bonds, Series 2013A, and Levying a Tax for the Payment Thereof." Roll Call Ayes: Laliberte; McGehee; and Etten. Nays: None. 13. Business Items—Presentations/Discussions a. Review 2012 City Council Strategic Directives Finance Director Chris Miller provided a summary of 2012 City Council Strategic Directives and their connections to Strategic Plan directives, as outlined in the RCA dated March 11, 2013, and Attachments A and B. Mr. Miller advised that these were all critical pieces for the upcoming budget process, with the directives driving the Strategic Plan, which drove the Budget; and all included as part of the overall Performance Management Program. Councilmember McGehee expressed her interest in receiving input from newly- elected Councilmembers Laliberte and Etten. Acting Mayor Etten opined that the information appeared to be fairly limited; and expressed his confusion with those items whose status was listed as "ongoing," and those with a status of"completed." Acting Mayor Etten opined that this al- lowed for some further discussion, since many of those things had not yet been acted upon by the City Council, while some had been. As an example, Acting Mayor Etten addressed Community Aspiration #4 (page 3) in conjunction with the previous HRA discussion tonight. Acting Mayor Etten referenced other items identified as new costs to the budget that had yet to be discussed by the City Council in full detail, nor had a briefing by staff(e.g. patrol officers in commer-