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MINUTES <br />City Council <br />January 4, 1990 <br />Morelan felt the Fire Department would be willing to <br />work with the City on that issue. <br />Blesener suggested that the architect firm up the <br />square footage of the building. <br />Blesener also suggested that the City Administrator <br />work with the City Auditor on the numbers and bring <br />back a recommendation to the Council at its next <br />meeting. <br />Collova asked if the project could be delayed for a <br />year. <br />Blesener pointed out that costs would increase by 5 to <br />10%. <br />The Administrator pointed out that if the project were <br />delayed it may have to go to a referendum, depending on <br />Legislative action. <br />Council asked the maximum term the bond could be issued <br />for. <br />The Administrator felt that a 20-year issue would <br />probably be the longest from a practical standpoint. <br />This would be verified with the fiscal agent. <br />The Administrator again asked about the amount of <br />donations that are expected for land acquisition costs. <br />Boss stated that $225,000 is the figure he remembers <br />being discussed. <br />LaValle stated that he believed that St. Joseph's <br />Society informed him that the three charitable <br />organizations were going to donate $300,000. <br />Fahey felt that the Administrator should plan on the <br />$225,000 figure. <br />The Administrator asked about including the cost of <br />equipment and furnishings in the bond issue. <br />Fahey suggested that these costs be excluded, pointing <br />out that these costs could be included in the 1991 <br />budget. LaValle felt some costs for furnishings should <br />be included in the bond issue. <br />Fahey felt the City could be creative on financing the <br />costs of equipment and furnishings, trying to keep the <br />cost of the bond issue down. <br />Page 10 <br />