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City Council Minutes October 13, 2003 ............................. Councilmember Motion asked about the Micro-Loan commitment and if that is also proposed to be provided as a grant. Page 3 Ms. Mehelich stated no, that the Micro-Loan applicants would be considered against the same Micro-Loan policy that the City currently has in place. MOVED BY COUNCILMEMBER KUESTER AND SECONDED BY COUNCILMEMBER DIETZ TO SET OCTOBER 27, 2003 AS THE DATE OF THE PUBLIC HEARING TO CONSIDER A SMALL CITIES DEVELOPMENT PROGRAM APPLICATION. MOTION CARRIED 5-0. Mayor Klinzing wanted it noted for the record that the Council accepted signed petitions from downtown customers concerned about Jackson Square. This issue in particular was not to be considered this evening but Council will take these petitions under advisement. 5.4. Consideration of Hiring Recreation Department Part-time Office Employee Recreation Manager Michele Bergh stated that five candidates had been interviewed for the part-time office employee position and she was recommending the hiring ofJackie Reibel for the 20-hour per week recreation assistant/facilities and programming position (at pay grade 5, step 1 - $11.32/hour with pro-rated holiday, sick and vacation pay and PERA benefits). MOVED BY COUNCILMEMBER TVEITE AND SECONDED BY COUNCILMEMBER MOTIN TO APPROVE THE HIRING OF JACKIE REIBEL FOR THIS POSITION. MOTION CARRIED 5-0. Ms. Bergh also gave an update on the other position that had been offered. After consideration by the applicant, she did not accept. Staff contacted other applicants but didn't get any interest so staff will continue to work on this hiring. 5.5. Consideration of a Resolution Providing for the Sale of $1,795,000 G.O. Improvement Bond series 2003A and a Resolution Providing for the Sale of $2,020,000 G.O. Water Revenue and Refunding Bond Series 2003B Finance Director Lori Johnson explained to Council the need for the sale of bonds on November 10. The water revenue issue would be to fund construction of well #8 as well as to refund the 1994D and 1993B water bonds. The refunding is proposed to save on interest costs and to restructure the debt to better fit with the projected cash flow of the Water Fund. The general obligation bond would be issued to finance recent and upcoming infrastructure improvements including the following projects: Boston and Concord, 2003 Street Rehabilitation, 2002 Zane Street, and Cascade Industrial Park. The Cascade Industrial Park project has not been authorized as of yet. If this project does not proceed, the bond issue will be reduced. The City share of the street rehabilitation project that is being repaid with a tax levy and the remainder of the debt service on the bond will be funded with assessment revenue. MOVED BY COUNCIL MEMBER MOTIN AND SECONDED BY COUNCILMEMBER TVEITE TO APPROVE RESOLUTION #03-66 PROVIDING FOR THE SALE OF $2,020,000 GENERAL OBLIGATION WATER REVENUE BONDS SERIES 2003B. MOTION CARRIED 5-0.