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I H.R.A. MEETING • <br /> 2 NOVEMBER 23, 1993 <br /> 3 PAGE 2 <br /> 4 <br /> 5 <br /> 6 C. The Alliance. <br /> 7 <br /> 8 1. Payment in the amount of $7,992.03 for billings regarding the <br /> 9 programming/space needs/pre-schematic analysis done relative to a new <br /> 10 community: center through September 17, 1993. <br /> 11 <br /> 12 2. Payment in the amount of $3,404.02 for billings regarding the <br /> 13 programming/space needs/pre-schematic analysis done relative to a new <br /> 14 community center .through October 29, 1993. <br /> 15 <br /> 16 D. LaNel Financial Group. <br /> 17 <br /> 18 Payment in the amount of $50,000 for an interest reduction payment for 1992. <br /> 19 <br /> 20 Motion carried unanimously. <br /> 21 <br /> 22 VI. PROPOSAL FROM,SPRINGSTED, INC. FOR A DEBT MANAGEMENT <br /> 23 STUDY. • <br /> 24 <br /> 25 Robert Thistle, Vice President of Springsted appeared to present a proposaTTor a debt <br /> 26 management study for the City in an effort to examine the City's present debt position <br /> 27 and future financial position. <br /> 28 <br /> 29 The Executive Director recommended that the school participate and have their side <br /> 30 done as well because this is a community issue. <br /> 31 <br /> 32 Vice Chair Enrooth felt this study should have been done years ago and recommended <br /> 33 strongly the City do it now. <br /> 34 <br /> 35 Motion by Marks and seconded by Enrooth to have the Executrive Director hire <br /> 36 Springsted for an amount not to exceed $4,000 for the debt management-study.. <br /> 37 <br /> 38 Motion carried unanimously. <br /> 39 <br /> 40 American Monarch <br /> 41 <br /> 42 Chair Ranallo reported American Monarch is in the process of being sold to a <br /> 43 -Chicago company. The Chicago company will decide if they want to relocate the <br /> 44 Chicago facility here or move this facility-to Chicago. <br /> • <br />