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PARK AND RECREATION MEETING <br /> AUGUST 21, 1980 <br /> <br />Members Present: Terry McLean, Dick Swanson and Dennis Donovan <br /> <br />Also Present: <br /> <br />Mayor Thomas Gamec, David L. Goblirsch, Springsted, inc. <br />Ron Alwin, Consulting Engineers <br />Charles E. Peterson and Ardis Norberg, Ramsey Ridge Development <br /> <br />The meeting was called to order at 7:00.P.M. by Chairman Donovan. <br /> <br />Motion to approve minutes of July meeting by McLean and seconded by Swanson. <br />Approved. <br /> <br />Mr. Goblirsch of Springsted, Inc. - prospective firm to handle park bond. <br />Some of the items presented were: <br /> <br />Their firm would put out the bond perspectuss set up program <br />and timing of issue - provide promotional literature - attend <br />some meetings - develop financial figures and tax impact for <br />various home values. <br /> <br />The cost is: The fee would be a percentage of the bond plus any extra <br />promotions done - estimated $6,500 for $800,000.00 bond. If bond issue <br />defeated there would be no change (subject to amotunt of work done) <br /> <br />Mr. Goblirsch showed the Commission various cost estimates for different <br />bond lengths. His suggestion for best cost and resale of bond would be a <br />ten (10) year pay off. It would have a lower interest rate and be easier <br />to resell. He also suggested a five (5) week promotional time frame and a <br />vote on the bond by October 15, 1980 would be financially better for tax <br />purposes. A Citizens Committee and Telephone Committee were also mentioned. <br /> <br />Other cities that they have done bonding issues for were Blaine, Coon <br />Rapids, Champlin and Brooklyn Center to mention a few. <br /> <br />The Commission thanked Mr. Goblirsch for his presentation and will discuss <br />this issue further with the City Cotuncil and Administrator. <br /> <br />CITIZENS INPUT <br /> <br />Ramsey Ridge Plot - Charles E. Peterson and Ardis Norberg. <br /> <br />Motion by McLean and seconded by Swanson to recommend taking money in lieu <br />of land because of plot size smd location. Motion carried. <br /> <br />Central Park - Ron Alwin, Consulting Engineers <br /> <br />Mr. Alwin presented his report of feasibility study for park improvements <br />to the Park Commission. <br /> <br /> <br />