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MINUTES <br />CITY COUNCIL <br />FEBRUARY 28, 2007 <br />is 3.7766%, and the range from low to high bid was 3.7766% to 3.9789%. <br />Should the Council accept this bid, the bond closing would be March 22, <br />2007. Hagen presented a resolution prepared by Briggs & Morgan relative <br />to bid acceptance. <br />Blesener acknowledged the advantageous timing of the bond sale, and <br />commended City staff for their work which he felt aided in the City's <br />improved bond rating. The City Administrator also commended Ehlers & <br />Associates for putting together a great deal of information in preparing for <br />the bond sale. <br />Mr. Keis introduced the following resolution and moved its adoption: <br />RESOLUTIONNO.2007-2-48 -PROVIDING FOR THE ISSUANCE <br />AND SALE OF $2,205,000 GENERAL OBLIGATION PERMANENT <br />IMPROVEMENT REVOLVING FUND BONDS, SERIES 2007A, <br />PLEDGING FOR THE SECURITY THEREOF SPECIAL <br />ASSESSMENTSAND LEVYINGA TAX FOR THE PAYMENT <br />THEREOF <br />The foregoing resolution was duly seconded by Montour. <br />Ayes (4). <br />Nays (0). Resolution declared adopted. <br />The City Administrator indicated that the plan is that this debt will be <br />supported through assessment payments, grant dollars, and Municipal <br />State Aid proceeds rather than through atax levy. <br />CONSENT Mr. Montour introduced the following resolution and moved its adoption: <br />AGENDA <br />RESOL UTION NO.2007-2-49 -APPROVING THE CONSENT <br />AGENDA WHICH CONTAINS THE FOLLOWING: <br />~•;4PPROVAL OF THE VOUCHERS; <br />*CALL FOR PUBLIC HEARING TO CONSIDER LIQUOR LICENSE <br />FEE INCREASES; <br />*APPROVAL OF CHANGE ORDER FOR 2006 IMPROVEMENTS - <br />T. A. SCHIFSKY; <br />*APPROVAL OF PARTIAL PAYREQUEST FOR 2006 <br />IMPROVEMENTS - T. A. SCHIFSKY; <br />10 <br />