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Budget Hearing Report <br /> Personnel and Finance Committee <br /> September 12, 1995 <br /> Page 3 <br /> It was also noted that the leaf vacuums are in good shape.Mr.Hensley emphasized <br /> that higher quality material which may be more expensive is being utilized however it lasts <br /> substantially longer and that the City is able to extend the street life 2 to 3 years more. <br /> The Committee then reviewed Building Maintenance. It was noted that the budget <br /> for 1995 is$421,444.00 and in 1996 projected at$430, 599.00. It was noted that a survey <br /> for rating City buildings will take place as a result of the SOSP. <br /> Mr. Jeff Rinard then reviewed the various Debt Service budgets of the City. <br /> Council Member Luecke requested a schedule of Debt Service payments which Mr. Rinard <br /> said he would provide. Mr. Rinard then reviewed the Studabaker Bond, Stadium Bond, <br /> CCDF, CCIF. He voiced concern with regard to the accessed value and the probable <br /> decrease in this area. He noted that the AA Bond rating has increased the City's ability in <br /> the financing area resulting in being bank qualified and the City receiving a better rating <br /> overall. <br /> Following questioning, Council Member Luecke thanked all those presentation for <br /> a fine presentation. Council Member Luecke then recessed the Committee meeting at 6:05 <br /> P.M. <br /> Respectfully submitted, <br /> Council Member Steve Luecke <br /> Chairperson,Personnel and Finance Committee <br /> Attachments <br />