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unds View City Council <br />~gular Meeting <br />With regards to the question regarding surplus <br />monies in the fund, those monies can be used <br />to pay off the bonds or to reduce property taxes. <br />City Attorney Karney also stated that any excess <br />or surplus monies are reported and he gave an <br />example from several months ago of the unused <br />monies from the Everest Development project. <br />Tamara Hessburg, 7635 Woodlawn Drive asked if <br />surplus funds were given back to the taxpayers <br />or do they always stay in the fund? <br />Finance Director Brager responded by saying it <br />varies with each situation. Many times these <br />funds are used to keep levy limits down and <br />at other times they may be used for street <br />repairs or sealcoating so the resident does <br />benefit or see a return of these funds. <br />Page Three <br />April 22, 1991 <br />MOTION/SECOND: Quick/Rickaby to approve Resolution <br />• No. 4069 Relating to the Issuance of Certain General <br />Obligation Bonds for Fire Protection Purposes and Levying <br />Taxes for the City's Share Thereof <br />5 ayes 0 nays Motion Carried <br />2. Approve Resolution No. 4073 Providing for the Issuance <br />and Sale of $2,875,000 General Obligation Water Revenue <br />Bonds, Series 199].A <br />Finance Director Don Brager introduced Mr. Ron Langness, <br />Springsted, the City's Financial Consultant. Mr. Langness <br />discussed details of the $2,875,000 General Obligation Water <br />Revenue Bonds issue. <br />MOTION/SECOND: Wuori/Rickaby to approve Resolution No. 4073 Providing <br />for the Issuance and Sale of $2,875,000 General Obligation Water <br />Revenue Bonds, Series 1991A <br />5 ayes 0 nays Motion Carried <br />3. Consideration of Appointments to the Land Use Study Task <br />Force <br />Parks, Recreation and Forestry Director Mary Saarion <br />reviewed the list of names submitted for the Land Use <br />Study Task Force. It was suggested that the task force <br />consist of 9 members; 2 Councilmembers, 3 staff personnel, <br />