Agenda Packets - 1990/09/17 - Laserfiche WebLink

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1 411 MEMO TO: MAYOR AND CITY COUNCIL ` FROM: FINANCE DIRECTOR BRAGER DATE: SEPTEMBER 13, 1990 SUBJECT: FIRE BOND REFERENDUM On September 12, 1990 I attended a meeting at the Blaine City Hall at which the Fire Bond Referendum Campaign schedule was discussed. Attached please find the Fire Bond Referendum Campaign Schedule, an itemization of the Bond Referendum Campaign costs, flyers on the referendum which will be distributed to residents of Blaine, Spring Lake Park and Mounds View, and mailing to resident, and a flyer regarding the Fire Department Open House during Fire Prevention Week. It should be noted that no taxpayer dollars will be spent on the bond referendum campaign costs. The Fire Department will pay these costs from donations that they have received. At the meeting the issue of what might happen if voters said no to this bond issue was discussed and it was felt that the mailer might be the appropriate place to expand upon the consequences of a no vote. There is a section in the mailer • entitled, "What might happen if we say no to this bond? " . In that section it states that, " alternate methods of funding such as leaseback or equipment bonds are more costly and restrictive. " Perhaps this section might be changed to read, " a general obligation bond issue was chosen because it is the least costly method of financing the replacement of fire stations and the purchase of new pieces of firefighting apparatus . " If the bond referendum fails more costly alternative methods of financing such as leaseback or equipment bonds may have to be used. These flyers and mailers must be taken to the printer the week of September 17th, therefore, any modifications should be submitted to the Fire Department no later than September 18th. Staff would appreciate Council's direction in this matter. DFP/MJS 111