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November 9, 2009 <br />5 Ayes, 0 Nays — Motion Carried <br />Public Hearin <br />None <br />Council Business <br />1. Consideration of Resolution Establishing the 2010 Utility Rates and Charges. <br />Report No. 09-271. Resolution No. 09-073. <br />Councilmember Burg commented that she feels the water service in New Brighton is a <br />great value. <br />Motion by Councilmember Phillips, seconded by Councilmember Burg to approve <br />the resolution establishing the 2010 utility rates. <br />5 Ayes, 0 Nays — Motion Carried <br />2. Consideration of Resolution Calling for a Public Hearing on Capital Improvement <br />Plan for Tuesday, December 8, 2009 in Order to Refinance the Outstanding Public <br />Facility Lease Revenue Bonds, Series 2002A. Report No. 09-272. Resolution No, <br />09-074. <br />City Manager Lotter reported favorable circumstances have provided an opportunity to <br />refinance some of the City's debt. Finance Director Dan Maiers explained the bonds <br />referred to were issued in 2002 to finance the acquisition, construction and equipment of <br />the Public Safety Center. The state has granted cities more flexibility in the way they can <br />issue bonds. Significant lower interest rates are anticipated. Mark Ruff representing <br />Ehlers & Associates explained the refinancing process. A public hearing needs to be called <br />and held on our CIP prior to issuing this new debt. A 30 day reverse referendum period <br />exists allowing the public to "stop" the refinancing; this was reported as being unlikely. <br />Mr. Ruff reported the projected estimated savings was reported to be likely $50,000.00. <br />Motion by Councilmember Phillips, seconded by Councilmember Burg to call for a <br />public hearing on the Capital Improvement Plan (CIP) on Tuesday, December 8, <br />2009, in order to refinance the outstanding Public Facilities Lease Revenue Bonds, <br />Series 2002A. <br />5 Ayes, 0 Nays — Motion Carried <br />Page 4 of 5 <br />9. Consideration of <br />Participation Agreemem <br />between Northwest You <br />& Family Services and <br />the City of New Brighto <br />Report No. 09-269. <br />10. Request for <br />exemption from Lawful <br />Gambling License-IGB( <br />Women League of <br />Minnesota. <br />Report No. 09-270. <br />Public Hearing. <br />None <br />Council Business <br />1. Consideration of <br />resolution establishing <br />the 2010 Utility Rates <br />and charges. <br />Report No. 09-271. <br />Resolution No. 09-073. <br />2. Consideration of <br />Resolution Calling for a <br />Public Hearing on Capil <br />Improvement Plan for <br />Tuesday, December 8, <br />2009 in order to <br />Refinance the <br />Outstanding Public <br />Facility Lease Revenue <br />Bonds, Series 2002A. <br />Report No. 09-272. <br />Resolution No. 09-074. <br />