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<br />Mayor Kuzma asked how would they know how far to go back. <br /> <br />City Administrator Ulrich explained when they issued the bonds, there was a limited number, they <br />run for 10 years and since staff knows when that is, they would be able to determine it. <br /> <br />Finance Director Lund commented there are 381 parcels that still qualify as of today. For 85 of <br />them, their assessment exceeds the franchise fee so they would need the amount determined. <br />Otherwise, they would get rebated back the special assessment amount that they paid in. She <br />explained that is a route they could go to determine how much the 85 would get. <br /> <br />It was the consensus of the Council to direct staff to get more information and continue the <br />discussion. <br /> <br />2.05: Review of Fund Balances as of October 20, 2021 <br /> <br />Finance Director Lund explained this is a summary of where the fund balances are in comparison <br />to the cash balance. <br /> <br />Councilmember Musgrove asked if it was without the October receipts. <br /> <br />Finance Director Lund answered, that was correct as the October receipts have not posted yet. <br /> <br />3. TOPICS FOR FUTURE DISCUSSION <br /> <br />3.01: Review Future Topics/ Calendar <br /> <br />Noted. <br /> <br />4. MAYOR / COUNCIL / STAFF INPUT <br /> <br />None. <br /> <br />5. ADJOURNMENT <br /> <br />The Work Session of the City Council was adjourned at 6:58 p.m. <br /> <br />Respectfully submitted, <br /> <br /> <br />_________________________________ <br />Kurtis G. Ulrich <br />City Administrator <br /> <br /> <br /> <br />City Council Work Session / October 26, 2021 <br />Page 14 of 15 <br /> <br />