Agenda - Council - 11/14/2000 - Laserfiche WebLink

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I I largest staff of resources. He explained that Springsted only represents the client and their clients as a partnership. The term "independent" means that they do not relationship with any underwriter they only work with the issuer which ensures not compromised in a bond transaction. Mr. Boyer reviewed the mana Springsted can provide as well as the Housing and Economic Developm, Services. that Brenda Krueger, Springsted Public Finance Advisors, reviewed a list explained that she has been with Springsted for 13 years and Ramsey have been the "heart and soul" of Springsted. Ms. responsibility is to be in the office which would make her City would need from Springsted. clients. similar to that her pr/mary for any quick responses the Ms. Aho reiterated that growing communities explained that Springsted works with the large to Ramsey. sted. She cities similar Councilmember Anderson questioned how the City of that the communication problems will be ~m~q~:~.t~ Spnngsted. ' Ms. ~o rephed that ~. Boy¢~[~l~hage:.a devotea~eIa~oa~p w~th ~d Ms. ~eger ~s the best m the bus~ness. ~ey~e bo~~ed ~. Bo~er re¢lied ~at to him it doe~}~, ~f me~ or small because he understands the urgency, o[ a finance quest~fi: CiW s~ce'he has been ~ the same situation Mayor G~:itated that h~rsonally ~ows 2e ple from Spdngsted ~d the fi~ has a ,resentation :bfii ~e CiW at the se~ice '~ey have received from S Ms. ~o replied ;ted went ~gh a period where ~ey had a ~gh staff ~mover and, ..~x?([j".~6'~nately, the Rmsey felt ~e s~ess of ~e comp~y's h~d t~e. But ~e problems .~:~)?~'¥~i~ :h'M exper ~e d~itely been brought t° Sp~gsted's a~ention. Councilmemb~Hendfi~:gtated that the Ci~ h~ been contemplating the purch~e of some acreage west '~Ramsey '~oulev~d and the option he has heard is ~at the Ci, of Rmsey received some ~bad adwce from Spnngsted reg~dmg ~e tin,real poss~bfli~ of obtmmng ~at '~";~'~.~}~. ~o r~lied that she was not made aw~e of any problems reg~ding that issue. Fin~ce' Officer Lund explained that a study w~ completed by Sphngsted to dete~e if ~e C~:'Could use TIF ~nds for the project ~d Sphngsted continued on wi~ ~e project even I I I Finance Committee/October 10, 2000 Page 3 of 5 -95-