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14, .1.1f f / Page 8G h . y />.•.;. t `l�'...,f r ; t� l i.. Section 7.11 • In the first line, there is a typographical error. 5.12 should be deleted and. 7.12 substituted. The last sentence of this section is very restrictive. Though the city will still be able to issue improvement bonds under Chapter 129, without an election, bonds payable wholly from the proceeds of revenue producing conveniences and for most X%/ sewer and water projects will be subject to approval by the electorate. I have included some language which I have modified to provide a reverse referendum, which would be a littlebit less stringent than the proposed language. However, I do not really recommend the draft language I have submitted to you. I say this from tvo standpoints. First, I think the concept is still unduly restrictive of the councils' actions and thus it would be better to permit them to issue bonds by an extraordinary majority, without a vote of the electors in these situations when the state law does not require a vote of the electors. Furthermore, if you do provide for a reverse referendum, the machinery for doing that is there within your referendum provision of your charter. It could be expanded to permit referendums on bond issues though this might further delay the issuance of bonds. Section 7.12 • 1/ I recommend the language in the new model charter which permits anticipation of state and federal aids as well as anticipation of the collection of local taxes. Sections 8.01 and 8.02 • / These sections actually duplicate the powers that are conferred upon cities under Minnesota Statutes 462.351 through 162.364. Section 8.06 The last sentence of this section adds nothing to the provisions of state law. Section 10.02 ie %' Though the language of this section is still entirely appropriate, it should be noted that private electric and gas utilities are now regulated by the Public Service Commission under state law. Section 11.01+ v Again this language is appropriate but it should be noted that under M.S. 157.13 - dispo.>al of a municipally owned light plants require a two-thirds majority. Section 12.O4 1/117112 auction will not have great legal affect however, I don't see holi it can do any great harm either.