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Mounds View City Council February 10, 2003 <br />Regular Meeting Page 6 <br />~, <br />Council Member Stigney asked whether the opening was posted subsequent to the new opening <br />last week. <br />Interim City Administrator Ericson indicated that the opening had not been posted since last <br />week. <br />Ayes - 5 Nays - 0 Motion carried. <br />6. JUST AND CORRECT CLAIMS <br />Council Member Marry asked for clarification on Check Number 110202 for vehicle repair as it <br />seemed high. <br />Finance Director Hansen indicated that the amount was for a repair on the Ford 1800 which is a <br />large truck to repair an oil leak at the rear of the engine. <br />Council Member Stigney indicated he felt the City could do without its subscription to the Wall <br />Street Journal for $199.00 for the year. <br />Finance Director Hansen indicated the reason the City gets the Wall Street Journal is so that he <br />could read it and have a better handle on what is going on in the business world to assist him <br />with investing the City's funds. <br />Council Member Stigney said he takes exception to that comment, as he does not think Staff is <br />investing City funds on a daily basis. <br />Finance Director Hansen indicated he does not invest on a daily basis but he needs to have an <br />idea of what is going on in the business world. <br />Council Member Stigney suggested using the Internet and the local papers. He then suggested <br />rather than reading it Staff could go out on the Internet to obtain the information. <br />MOTION/SECOND: Stigney/Marty. To Strike Check Number 110252 from Just and Correct <br />Claims. <br />Council Member Marty asked whether there was another way to obtain this information such as <br />by getting it from the library to cut costs. <br />Finance Director Hansen indicated he would burn up more time in a month looking for other <br />ways to obtain the paper than what this costs per year. He then commented that Council was free <br />to cut it but cautioned that he would then be less informed when making investing decisions. <br />Council Member Stigney commented that Council should be making investments not Staff. <br />