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City Council Regular Meeting Minutes April 11, 2000 • Page 9 1 Additionally, Mr. Hubmer reviewed his letter of April 10, 2000 to Bob Thistle regarding the 2 summary of financial needs for the City. Essentially, Mr. Hubmer's letter stated that the City is 3 considering the issuance of two public bonds to fund some improvements. The sources of 4 funding for these bonds are the City's Municipal State aid (MSA) Fund account, and the City's . 5 Stormwater Utility Fund. In this respect, Mr. Hubmer reviewed specific figures and accounts 6 with the Council in potential anticipation of the issuance of bonds. 7 The consideration and potential approval of Resolution 00-029, re: Award Construction Bid for 8 29th Avenue NE Improvements, was deemed tabled at this time. 9 . As an aside, Mornson stated his request to WSB & Associates to pull together various options for 10 presentation to the residents along 29th Avenue. A neighborhood meeting would be held with 11 City Staff, and Staff would return to the Council with an agreement on an option. 12 B. Discuss Bond Sale Process. 13 City Manager Michael Mornson introduced Bob Thistle of Springsted Financial and invited him 14 to address the Council. Mr. Thistle.stated that he was present to explain the bond sale process 15 and to provide the Councilmembers with an overview of the next 90 days in conjunction with a •16 potential sale. 17 Mr. Thistle presented various information to the Councilmembers that provided such an 18 overview and addressed the financial needs of the City in the upcoming months. 19 Cavanaugh asked if Mr. Thistle could provide some written documentation of his report for 20 Council review, and Mr. Thistle agreed to forward such report. 21 Cavanaugh thanked Mr. Thistle for his report and informative presentation. 22 C. Resolution 00-027 re: Adopt Strategic Planning Report. 23 Mayor Cavanaugh suggested that Resolution 00-027, re: Adopt Strategic Planning Report, be ta- 24 bled until the next City Council meeting on Tuesday, April 25, 2000 in light of the absence of 25 Councilmember Thuesen. 26 D. Review 2001 Budget Calendar and Discuss Budget Goals. 27 Mayor Cavanaugh suggested that the issue of the 2001 Budget Calendar and Budget Goals be 28 tabled until the next City Council meeting on Tuesday, April 25, 2000 in light of the absence of 29 Councilmember Thuesen. 30 XI. REPORTS FROM COMMISSIONS AND STAFF. 1031 A. Planning Commission Meetiniz of March 21, 2000.