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I <br />I <br />I <br />I <br /> <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br /> <br />interfund~loahs, then it should be by ordinance establishing purposes, which <br />ones can make~ loans and ~ich can't; ordinances can be updated when new funds <br />are created. ' <br /> <br />CommissiOner ~amec stated that he has done some research with respect to <br />previous discussion regarding revenue versus industrial bonds: 'Could revenue <br />bonds be used on all city projects?' Only on projects where there is revenue <br />coming in in Some form of service charges. It is very difficult to use revenue <br />bonds on a first-time project for sewer and water because there is no revenues <br />previously collected; there is nothing to show what projected revenues have been <br />in the past. ~ <br /> <br />Commissioner Lichter stated that revenue bonds could still apply to utilities <br />projects; ~a p~rforma statement would have to be prepared to demonstrate to <br />the lender that the expected revenue will pay off the bond. <br /> <br />CommissiOner ~amec replied that that is not what he has been told; the lender <br />wants to'see Other revenue available in the city -- not what is expected. <br /> <br />Commissioner ~amec dismissed himself from the meeting at 8:20 p.m. <br /> <br />APPROVAL OF C~HARTER COMMISSION MINUTES <br /> <br />Motion by CoE~nissioner Lichter and seconded by Chairman He±tman to approve <br />regular Charter Commission minutes dated December 8, 1983 with the following <br />corrections: <br /> <br />1. Page 31- Paragraph 8 - Last sentence - Change reference to 'Evenson/Oodge' <br /> rOi'City Auditor'. <br /> <br /> r <br />Page 7i- Paragraph 6 - Change to read as follows: 'f) section 7.08~- <br />Co~miS~ione~ Greenberg stated that_City Accountant tol~"him that at <br />th~ ti~le the budget is adopted, Staff does not know if there will be <br />a/lY fu~d balance left from the current year; they don't obtain that <br />inforn%~tion until the current year is ended; if there is, can they <br />sP.nd ~t? <br /> <br />Motion carrie~. Voting Yes: Chairman Heitman, Commissioners Bauerkemper, <br />Lichter,~ree~berg and Data. Voting No: None. Absent: Commissioners Gamec, <br />Buchanan, jsieber and Titterud. <br /> <br />I <br />I <br />I <br />I <br />I <br /> <br />NOTE COUNCIL MINUTES <br /> <br />Cha~ter CommiSsion noted regular City Council minutes dated December 20, 1984. <br /> <br />LETTERS ~_~_ COMMUNICATIONS <br /> <br />Charter C~mmiSsion noted the following: <br /> <br />1. Lette~ frgm Chairman Heitman to Mr. Wayne S. Burggraff thanking him for <br /> taking the time to share his expertise regarding municipal financing and <br /> associate~ problems. <br /> <br />COMMITTEE REPORTS <br />1) Budgg~ ~ittee: <br /> <br />CC/January 12, 1984 <br /> Page 2 of 6 <br /> <br /> <br />