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City Council Regular Meeting Minutes <br /> March 25, 2003 <br /> Page 4 <br /> 01 Kenzie Terrace area, chemical treatment facility renovation for the water supply ystem <br /> 2 and related system improvements. <br /> 3 Mr. Mornson presented the proposed Resolution and explained that Mr. Prosser would be <br /> 4 reviewing this item with the Council. <br /> 5 <br /> 6 Mr. Prosser noted this bond sale also had five bidders and noted the true interest rate would be <br /> 7 4.1655%. <br /> 8 <br /> 9 Motion by Councilmember Sparks to adopt Resolution 03-028, re: Approve sale of$2,200,000 <br /> 10 GO Bonds, Series 2003B,to finance the cost of 27' Avenue NE Sanitary Sewer Replacement, <br /> 11 installation of water main in the Kenzie Terrace area, chemical treatment facility renovation for <br /> 12 the water supply system and related system improvements. <br /> 13 <br /> 14 Motion carried unanimously. <br /> 15 <br /> 16 C. Resolution 03-029,re: Approve sale of Equipment Certificates, Series C. to finance a <br /> 17 portion of the cost of replacing fire and public works equipment. <br /> 18 Mr. Mornson presented the proposed Resolution and explained that Mr. Prosser would be <br /> 19 explaining this item with the Council. <br /> 20 <br /> 21 Mr. Prosser indicated the true interest rate would be 2.3621%, which was an excellent rate for <br /> 41 the City. <br /> 24 Motion by Councilmember Sparks to adopt Resolution 03-029, re: Approve sale of Equipment <br /> 25 Certificates, Series C, to finance a portion of the cost of replacing fire and public works <br /> 26 equipment. <br /> 27 <br /> 28 Motion carried unanimously. <br /> 29 <br /> 30 D. Resolution 03-030, re: Approve 2003 City Goals. <br /> 31 Mr. Prosser presented the Council with a summary of the 2003 strategic planning session. He <br /> 32 noted the process was built on the framework that includes the staff, Council, and Commissions <br /> 33 to build on the vision of the community and Council. <br /> 34 <br /> 35 Mr. Prosser reviewed the vision of the City with the Council and noted the goals were addressed <br /> 36 to achieve the vision. He indicated an environmental scan was then addressed to see how it <br /> 37 affected the City's objectives. Mr. Prosser reviewed what external forces would hinder the <br /> 38 City's defined accomplishments. He then reviewed the accomplishments of 2002 with the <br /> 39 Council. <br /> 40 <br /> 41 Mr. Prosser reviewed the goals established for 2003. He stated they included: <br /> 42 <br /> 43 1.) Continued redevelopment of Apache Plaza <br /> 2.) Develop strategies to accommodate reduction in State revenues <br /> 46 3.) Continue Stonehouse redevelopment process <br /> 46 4.) Complete fire station/public works facilities study and develop implementation plan <br />