Meeting Agenda
1. Open Meeting
2. Roll Call
3. Items of Business
3.A. Provide a recommendation to the City Council on enacting Ordinance 2165: An ordinance creating gap paving Street Improvement Districts.
3.B. Provide a recommendation to the City Council on enacting Ordinance 2166: An ordinance authorizing the issuance and sale of bond anticipation notes, series 2023, of the principal amount not to exceed $2,300,000.
4. Officers' Reports
5. Adjournment
Agenda Item Details Reload Your Meeting
Meeting: March 7, 2023 at 5:00 PM - Finance Committee Meeting
Subject:
1. Open Meeting
Rationale:
  • In accordance with Nebraska law, a copy of the Open Meetings Act can be found in the back of the Council Chambers.
  • Items listed on the agenda may be considered in any order.
Subject:
2. Roll Call
Rationale:
  • Attendance of members will be recorded to determine the presence of a quorum for official actions.
Subject:
3. Items of Business
Rationale:
  • The Committee may discuss or limit discussion on, hear testimony in favor of or in opposition to, or take action to provide a recommendation to the City Council on any matter presented under this title.
Subject:
3.A. Provide a recommendation to the City Council on enacting Ordinance 2165: An ordinance creating gap paving Street Improvement Districts.
Discussion:
City Administrator Tom Ourada informed the Committee that in order to assess the paving, improvement districts need to be created. This ordinance creates those districts.
Action(s):
Motion Carried:
Recommend to the City Council to enact Ordinance 2165: An ordinance creating gap paving Street Improvement Districts. Carried with a motion by Jack Oelschlager and a second by Dale Strehle.
  • Travis Sears: Absent
  • Jack Oelschlager: Aye
  • Dale Strehle: Aye
Attachments:
Subject:
3.B. Provide a recommendation to the City Council on enacting Ordinance 2166: An ordinance authorizing the issuance and sale of bond anticipation notes, series 2023, of the principal amount not to exceed $2,300,000.
Discussion:
Scott Keene, from Piper Sandler, presented information regarding the issuance and sale of bonds for the gap paving projects. State statute doesn't allow cities to fund these kinds of projects by utilizing bonds up front, so we will issue bond anticipation notes instead. They cannot exceed $2,300,000, with maturity no later than April 2026, and will be callable after one year. 
Council member Tom Crisman asked if there was room in the budget for these bond payments. City Administrator Tom Ourada answered yes, he had Clerk-Treasurer Jerry Wilcox look into that before they proceeded with the project last year. 
Action(s):
Motion Carried:
Recommend to the City Council to enact Ordinance 2166: An ordinance authorizing the issuance and sale of bond anticipation notes, series 2023, of the principal amount not to exceed $2,300,000. Carried with a motion by Jack Oelschlager and a second by Dale Strehle.
  • Travis Sears: Absent
  • Jack Oelschlager: Aye
  • Dale Strehle: Aye
Attachments:
Subject:
4. Officers' Reports
Rationale:
  • Reports may be given by the Mayor, Officers, Departments, or Councilmembers concerning the current operations of the City.
  • No action can be taken on matters presented under this title except to answer any questions or to refer the matter for further action.
Subject:
5. Adjournment

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