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04-13-1998 Council Packet
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04-13-1998 Council Packet
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r <br />(#2) Amendment to Lease Purchase Contract - Continueo) <br />The .able on page 4 shows .he prior ^4^'" Ih" <br />J";htra.«' oXoVed lha. SdS.OOO was added .o .he prtaciH -0-. .0 <br />cover the costs of the issuance. The savings indicated are net . ^ <br />shows the comparison between the ^qqq^ informed the <br />4.33%. The savings had been proiected at $120.0W ^ ^ advancing <br />Council that State law requires a savings of at least 3 /o tor a crosso <br />refunding. <br />The costs, discount, and cost °f^“j^nvX lnrCPA"Xc\ttonfor an <br />for Ehlers and Associates, attorney fees, s InyesW^^^^^ <br />objective review and for the escrow amount utilized until the call d <br />issued in $5,000 increments. <br />Jabbour expressed his appreciation to Dnide f cliXX. that <br />informed of the possibility of saving in this manner. He ‘"^orm financial <br />msidentstypicallymeawareo^^ <br />resoonsibihtv for the Citv. He noted that ^Wvthe size ofOrono. He noted that <br />I.r„ 01... <br />interest rates on the sewer assessments. <br />There were no questions from the public. <br />firramen?^^^^^^^^^ between^ City and the <br />City's HRA. Vote; Ayes 4, Nays 0. <br />ADJOURNMENT <br />Goet.en moved, Peterson seconded, to adjourn a. public hearing held from 7:05 p.m. to <br />7:15 p.m. Vote. Ayes 4, Nays 0. <br />(#3) HRA MEETING - 7:05 P.M. <br />HRA Chairman Jabbour called the HRA meeting to order a. 7:05 p m and noted the <br />presence of all liRA Members except Charles Kelley.
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