10-12-2009 CCM - Laserfiche WebLink

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City Council Minutes Page 4 October 12, 2009 .vies aid .Bands Mr. Simon reviewed current debt levies as well as estimates for new levies and bonds, Ms. Johnson noted that the public works facility levy, 2013 improvement bond levy, and the ice arena bonds listed are for illustration purposes only and the Council has taken no action on these ttemS. Dther .items Mr. S:im.on reviewed additional funding sources. He explained there is a possibility that public safety lease revenue bonds can be refunded to reduce the tax levy if the short term interest rate drops to realize enough savings. He further explained that a public hearing is required and he would recommend conducting it during the CiP approval process in order to be prepared in the event interest rates drop. 5.3. Council Owen Forum There were no items discussed for open forum. 6. Other Business There was no other business. 7. Council Updates x There were no Council updates, 8. Staff Updates Mr. Simon explained that last year the city applied to participate in the State fuel program that allows the city to purchase bulk fuel at a f xed rate; however, only the seven county metro area was allowed to participate. He indicated that this year the program has been extended to Sherburne and wriglat counties and the city would life to participate. He stated that the city must commit to the purchase of a set amount of fuel and Mr. Hals and Mr. Maurer are comfortable setting that amount between 50% and 75% of the current fuel usage. Councilmember Humphrey expressed concerns with committing to more than 50% of the current fuel usage. Mr. Hals explained that the city participated in a similar smaller scale program offered by Beaudry Oil and we were able to accept all of the transports on tithe. ~t was also noted that Elk River Municipal Utilities ~ERMU~ could participate in the program as well and could be incorporated into our fuel card system if necessary. Mr. Hals will discuss the program with Troy Adams from ERMU. Consensus of the Council was to participate in the program but only commit to fuel purchases up to 75% of our current fuel usage. Ms. Johnson stated that she anticipates public works director interviews will be held the fast week of November. She questioned which Councilmembers would like to be on the interview committee. Councilmembers Moon and Westgaard volunteered to be on the committee.