2007-07-30 CC Minutes Workshop
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ALBERTVILLE CITY COUNCIL
July 30, 2007
MINUTES
Albertville City Hall
6:30 PM
PRESENT: Mayor Ron Klecker, Council members Dan Wagner, John Vetsch, and Tom Fay,
City Administrator Larry Kruse and Finance Director Tina Lannes,
ABSENT: LeRoy Berning
OTHERS PRESENT: Steve Mattson, Northland Securities
Mayor Klecker called the Albertville City Council meeting to order at 6:30 p.m.
ADOPT AGENDA
MOTION BY Council member Wagner, seconded by Council member Fay to approve the
agenda as follows:
1. A RESOLUTION AWARDING THE SALE OF $4,035,000 GENERAL
OBLIGATION IMPROVEMENT BONDS, SERIES 2007A FIXING THEIR
FORM AND SPECIFICATIONS; DIRECTING THEIR EXECUTION AND
DELIVERY; AND PROVIDING FOR THEIR PAYMENT
2. Budget Workshop
GENERAL OBLIGATION IMPROVEMENT BONDS SERIES 2007 A:
The Mayor announced that the next order of business was consideration of the proposals which
had been received for the purchase of the City's $4,035,000 General Obligation Improvement
Bonds,Series2007A.
The City Administrator Kruse presented a tabulation of the proposals that had been received in
the manner specified in the Notice of Sale of the Bonds.
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City of Albertville
City Council Minutes
July 30, 2007
Page 2 of3
Steve Mattson of Northland Securities presented the bids to the Council stating the bids received
were very good because of the recent dip in the market and the fact that the bond offer was taken
on the fifth Monday of the month when their was not a lot of competing bond sales.
After due consideration of the proposals, Council member Fay moved the adoption of a
Resolution Awarding the Sale of $4,035,000 General Obligation Improvement Bonds, Series
2007 A fixing their form and specifications; directing their execution and delivery; and providing
for their payment.
The motion for the adoption of the foregoing resolution was duly seconded by Member Wagner,
and upon vote being taken thereon, the following voted in favor thereof: Mayor Klecker, Council
Members Vetsch, Wagner and Fay.
Mayor Klecker declared the Resolution adopted and on file in the City Clerk's Office.
BUDGET WORKSHOP:
The Mayor opened the budget workshop to view the proposed 2008 City budget. Finance
Director Tina Lannes gave an overview of the 2008 budget. Fire Chief Tate Mills and a number
of the fire department were present to request a $250 dollar per year increase in their fire relief
pension. A rather long conversation ensued and ended with the Mayor thanking the firemen for
their input.
Finance Director Lannes walked the Council through the preliminary budget and shared Council
Member Berning's comments as he was absent from the meeting but met with staff in advance.
City Administrator Kruse and Lannes will make a number of changes suggested by the Council
and bring back an amended budget for further review.
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City of Albertville
City Council Minutes
July 30, 2007
Page 3 of3
The next budget meeting is August 13,2007 at 7:00 p.m. and the goal is to adopt the preliminary
budget at the August 20th Council meeting.
ADJOURNMENT
MOTION BY Council member Vetsch, seconded by Council member Fay to adjourn at
12:00 midnight. Motion carried unanimously.
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Ron Klecker, Mayor
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