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Councilmember Zimmerman inquired as to what impact the Charter school bonds would have on <br />the City's borrowing capacity. <br />Paul Donna, Northland Securities, explained that issuing the Charter school bonds does not have <br />any impact on the City's statutory authorization and does not impact the City's credit rating. <br />COUNCIL/STAE'F INPUT <br />None. <br />ADJOURNMENT <br />The Work Session of the City Council adjourned at 7:00 p.m. <br />Respectfully submitted, <br />Mei( <br />Nh nci Libor <br />Recording Secretary <br />Tiinc'Savcr Off Site Secretarial, Inc. <br />me E Norman <br />City administrator <br />City Council Work Session/December 9, 2003 <br />Page 3 of 3 <br />