(Alderman Bauer, Alderman Browne, Alderman Hoefle, Alderman Hoinacki, Alderman Hom, Alderman Parrott, and Alderman Welch) and one absent (Alderman Keller). Also present were Street Superintendent Mr. Landers, Police Chief Adams, City Building and Safety Officer Mr.Woodhall, American Water Mr. Ferguson and Fire Chief Miller. Also present were Mayor Goodman, and Recording Secretary Mrs. Riggs.

Mayor Goodman called the meeting to order at 7:15 p.m. and read the Notice of Intent to Issue Bonds and Right to File Petition and Hearing on Proposed Issuance.

Public Participation

There was no one present who wanted to make any public comment about the Intent to Issue Bonds and Right to File Petition and Hearing on Proposed Issuance.

City Treasurer Mr. Conzo said this has been gone over. This will be a fifteen year bond, the approximate payment on that would be based on 2.96 interest rate and it will be between $272,000 and $276.500 over fifteen years. The project has already started and the next step after the period expires specified in the first ordinance the Council will need to act on a parameters Ordinance and he presumes that will happen in January. They will then work with the underwriter to issue the bonds when the interest rates would be the best. This will be issued in January, 2018.

Alderman Hom said that it sounds like a terrific amount of money but it would be a lot less than a brand new building for the Police Department and that $3,000.000 was not bad for a new Police station.

Mayor Goodman closed the Public Hearing. The hearing was closed at 7:19 p.m.

Respectfully submitted,

Risa Riggs Recording Secretary

(Alderman Bauer, Alderman Browne, Alderman Hoefle, Alderman Hoinacki, Aldennan Hom, Alderman Parrott, and Alderman Welch) and one absent (Alderman Keller). Also present were Street Superintendent Mr. Landers, Police Chief Adams, City Building and Safety Officer Mr. Woodhall, American Water Mr.Ferguson and Fire Chief Miller. Also present were Mayor Goodman, and Recording Secretary Mrs. Riggs.

Mayor Goodman called the meeting to order at 7:15 p.m. and read the Notice of Intent to

Issue Bonds and Right to File Petition and Hearing on Proposed Issuance.

Public Participation

There was no one present who wanted to make any public comment about the Intent to

Issue Bonds and Right to File Petition and Hearing on Proposed Issuance.

City Treasurer Mr. Conzo said this has been gone over. This will be a fifteen year bond, the approximate payment on that would be based on 2.96 interest rate and it will be between $272,000 and $276.500 over fifteen years. The project has already started and the next step after the period expires specified in the first ordinance the Council will need to act on a parameters Ordinance and he presumes that will happen in January. They will then work with the underwriter to issue the bonds when the interest rates would be the best. This will be issued in January, 2018.

Alderman Hom said that it sounds like a terrific amount of money but it would be a lot less than a brand new building for the Police Department and that $3,000.000 was not bad for a new Police station.

Mayor Goodman closed the Public Hearing. The hearing was closed at 7:19p.m.

Respectfully submitted,

Risa Riggs Recording Secretary