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points out that the City Council has three options: <br /> <br />1) They could go for bonds running for six (6) years which <br /> would cost approximately 11% interest. <br /> <br />2) They could go for a ten (10) year bond which would cost <br /> approximately 13% interest. <br /> <br />3) The City could reject all bids and wait' until next Spring in <br /> hopes of lower interest rates. <br /> <br />The above memo is enclosure D2-ff of Case #7 in the Council Agenda dated <br />August 25, 1981. <br /> <br />Mayor Gamec stated that if we want to stay within our projected estimate, <br />we should go with the ten year plan. Councilman Reimann stated we <br />should go with the ten year plan because that is what we told the concerned <br />residents at the public hearing. Councilman Sorteberg agreed with the <br />ten year plan. <br /> <br />Motion by Councilwoman Van Wagner, seconded by Councilman Reimann, to <br />adopt Resolution #81-11?regarding Bond Sale for 1981 Street Improvement <br />Project. Please refer to Resolution File for Resolution #81 . <br />Motion carried. Voting Yes: Mayor Gamec, Councilmembers Sorteberg, Cox, <br />Reimarm and Van Wagner. Voting No: None. <br /> <br />CASE #8 -TREE INSPECTOR <br /> <br />Bruce Bacon stated that the City needs someone to mark trees that are <br />infected with Dutch Elm and Oak Wilt, while the leaves are still on the <br />trees. In the winter, these trees could be harvested for firewood. <br />This removal of diseased trees could lead into an Arbor Day observance <br />by the community. <br /> <br />Motion by Councilman Cox, seconded by Councilwoman Van Wagner, requesting <br />Bruce Bacon contact the Boy Scouts and teach them how to detect diseased <br />Elm and Oak trees, so that they can assist their community in marking <br />diseased trees. Motion carried. Voting Yes: ~iayor Gamec, Councilmembers <br />Sorteberg, Reimann, Cox and Van Wagner. Voting No: None. <br /> <br />Councilman Cox stated that Bruce Bacon did a tremendous amount of work <br />in regards to working with the City in finding out the cause of Pine <br />trees dying along the landfill border. Further, Bruce was extremely <br />cooperative in working with the citizens who reside in this area in <br />regards to the above mentioned tree problem. <br /> <br />Motion by Councilman Cox, seconded by Councilwoman Van Wagner, to have <br />a resolution drawn up commending Bruce Bacon for his outstanding work <br />in the above mentioned area. Motion carried. Voting Yes: Mayor Gamec, <br />Councilmembers Sorteberg, Reimann, Cox and VanWagner. Voting No: None. <br /> <br />C/August 25, 1981 <br /> Page 7 <br /> <br /> <br />