Laserfiche WebLink
<br />Mr. Ruff discussed the benefits of adopting a debt service policy for the City long-term. He commented the <br />State of Minnesota currently had 19 “AAA” rated cities. He explained that as the Council pursued this debt <br />service policy further additional information from Standard & Poor’s would be provided to the City. <br /> <br />Lotter commented that by looking long term the City could better plan for its financial needs and improve its <br />financial position. <br /> <br />Councilmember Burg thanked staff for addressing these issues and bringing them to the Council’s attention. <br /> <br />The Council supported the debt service policy being further discussed by the Council. <br /> <br /> <br />Worksession adjourned at 5:46 pm. <br /> <br />Respectfully Submitted, <br /> <br /> <br /> <br /> <br />Terri Haarstad <br />City Clerk