2001 September Newsletter - Laserfiche WebLink

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BOND ISSUES APPROVED FOR FALL HYDRANT CITY HALL, WATER UTILITY FLUSHING BEGINS OCTOBER 1 At its August 20, 2001 meeting, the Hugo City Council approved the sale of bonds The Public Works Department will be to finance both the new City Hall project and some important additions to Hugo's flushing hydrants in the City of Hugo water system. The bonds for the City Hall are in the amount of$1,870,000 with beginning Monday, October 1, 2001. an interest rate of 4.77%, and the water revenue bonds of $3,120,000 have a Hydrant flushing will take place 4.41% interest rate. Monday through Friday, from 8:00 a.m. to 3:00 p.m., for approximately City officials are very pleased with the low interest rates. Finance Director Ron three weeks. Otkin notes that the pre-sale interest rate estimates were 5.91% on the City Hall bonds and 5.15% on the water bonds. "These lower interest rates mean that the Flushing allows the Public Works City will pay less interest over the life of the bonds," Otkin explains. "The lower Department to purge rust and stag- the interest, the lower the amount that the city has to levy for taxes." nant water from the distribution sys- tem, and it allows the Department to Otkin also points out that Hugo has maintained its A3 bond rating given by identify hydrants in need of mainte- nance. Moody's investor service. He states, "Because of current economic conditions, some cities are being downgraded, so keeping our A3 rating is a very positive thing As a result of the hydrant flushing,it is for the City." At the Council meeting, Mayor Fran Miron made special mention inevitable that some residents will of Moody's report, which specifically mentions Hugo's "history of fiscally prudent receive rust-colored water that could measures." stain laundry. Please check that water coming into your house is clear before doing any laundry during this time. LAND USE ISSUES & PLANNING An questions regarding hydrant Y q g g PROCESS TO BE DISCUSSED AT flushing should be directed to the Public Works Department at (651) WORKSHOP 429-6676, ext. 5 The public is invited to attend a workshop being held on Saturday, December 1st from 9 a.m. to 2 p.m. at the Hugo City Hall to learn more about the City's HUGO planning process. Also attending will be members of the Planning Commission, the City Council, and the City staff. WELCOMES One part of the workshop will involve an informal discussion of some of the City's NEW EMPLOYEE development policies and land use issues, such as zoning ordinances and subdivision design standards. The other part will be more educational,with a local KrIsH Montanari consultant brought in to help the Planning Commission and the City Council and Deputy Clerk7Receptionist staff to better understand their individual roles and responsibilities and to be able As of July 9, 2001, Kristi is the to work together as a team. person who greets you at the Hugo City Hall both in person and on the "There will be a tremendous workload when the residential housing moratorium phone. Her duties also include ends in February, 2002," states Community Development Director John Rask, assisting in both the Building and "and we all need to be working together in an efficient and productive manner." the Finance Departments, and she will soon be trained in utility billing.