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07-1173
| A | 1. | Refunding the 2007 Capital Project Note Anticipation Notes. | Communication | Subject: (Direct Referral) Communication from the Finance Director wishing to discuss refunding the 2007 Capital Project Note Anticipation Notes.
Recommendation of the Finance & Personnel Committee on 09-24-07: The 2007 Capital Project Note Anticipation Notes and the callable portions of 1993 TID # 7 and 1993 TID #8 General Obligation Bonds be refunded.
Fiscal Note: 2007 Capital project Note Anticipation Notes will be refunded in an amount of approximately $7,640,000 to be paid off over a 15 year period. The 1993 callable portions of the 1993 TID #7 and TID #8 General Obligation Bonds will be refunded at a lower interest rate but will be paid off over the same remaining life as the original bonds. Net present value savings of approximately $250,000 will be realized by this refunding. Final bonding resolutions will be acted upon at the October 16, 2007 Common Council meeting. Final debt amounts will be determined by market conditions and total issuance costs. | | |
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07-1167
| A | 2. | WIC Caseload Amendment | Communication | Subject: Communication from the Public Health Administrator requesting permission to accept additional funding from the State of Wisconsin Department of Health and Family Services due to an increase/adjustment in the contracted WIC caseload.
Recommendation of the Finance & Personnel Committee on 09-24-07: The Mayor and City Clerk be authorized and directed to enter into an amended contract with the State of Wisconsin Department of Health and Family Services for the Women, Infants and Children Program (Grant Control No. 2006-049).
Fiscal Note: Contract is in the increased amount of $15,312. | | |
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07-1148
| A | 3. | Communication from Police Chief Wahlen, requesting to transfer C.I.P. funds. | Communication | Subject: Communication from Police Chief Wahlen, requesting to transfer C.I.P. funds.
Recommendation of the Finance & Personnel Committee on 09-24-07: The 2006 C.I.P. funds be amended by transferring $100,000 from account 986.310.5050 Police Locker Room Upgrades to account 986-310-5020 Police Office Relocations and $43,094 from account 986.310.5050 Police Locker Room Upgrades to account 986.310.5060 Impound Lot Fence/Improvements.
Fiscal Note: There are sufficient funds available for the transfer. | | |
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07-1149
| A | 4. | Communication from Police Chief Wahlen to waive formal bidding for the purchase of a 911 telephone system. | Communication | Subject: Communication from Police Chief Wahlen to waive formal bidding for the purchase of a 911 telephone system.
Recommendation of the Finance & Personnel Committee on 09-24-07: Formal bidding procedures be waived and the purchasing agent be authorized and directed to negotiate with AT&T for the purchase of a 911 telephone system.
Fiscal Note: The item is included in the 2007 CIP. | | |
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