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<br />FINANCE COMMITTEE <br />CITY OF RAMSEY <br />ANOKA COUNTY <br />STATE OF MINNESOTA <br /> <br />The Finance Committee conducted a regular meeting on Tuesday, February 13, 2007, at the <br />Ramsey Municipal Center, 7550 Sunwood Drive NW, Ramsey, Minnesota. <br /> <br />Members Present: <br /> <br />Chairperson Sarah Strommen <br />Councilmember David Elvig <br />Councilmember Matt Look <br /> <br />Also Present: <br /> <br />Finance Officer Diana Lund <br />Paul Donna of Northland Securities <br />Fire Chief Dean Kapler <br />Assistant Fire Chief Ron Lemm <br /> <br />CALL TO ORDER <br /> <br />Chairperson Strommen called the regular meeting of the Finance Committee to order at 5:37 <br />p.m. <br /> <br />CITIZEN INPUT <br /> <br />There was none. <br /> <br />APPROVE AGENDA <br /> <br />Motion by Councilmember Elvig, seconded by Councilmember Look, to approve the agenda as <br />submitted. <br /> <br />Motion carried. Voting Yes: Chairperson Strommen, Councilmembers Elvig and Look. Voting <br />No: None. <br /> <br />COMMITTEE BUSINESS <br /> <br />Case #1: <br /> <br />Authorization of the Issuance and Awarding the Sale of $790,000 General <br />Obligation Equipment Certificates of Indebtedness, Series 2007 A <br /> <br />Finance Officer Lund reviewed that on December 21, 2006, City Council authorized as part of <br />the 2007 levy and budget, that capital equipment would be funded partially through the issuance <br />of capital equipment certificates. The amount of the certificates to be issued is $790,000. A <br />listing of the 2007 budgeted capital items is included in the packet. At its regular meeting of <br />January 23, 2007, City Council passed a resolution authorizing the sale of $790,000 General <br />Obligation Equipment Certificates. The terms and conditions of the Capital Equipment <br />Certificates of Indebtedness are included in the packet. A resolution needs to be adopted by <br /> <br />Finance Committee / February 13,2007 <br />Page 1 of5 <br />