• Setting a time and date for a meeting to authorize a loan agreement and issue not more than $1 million in general obligation refunding capital loan notes.
Hall Engineering Company states the cost of the SRTS project has increased due to a change in design. The original plans called for a four-foot wide sidewalk on Cottage Street, which was been changed to six-feet at the city’s request.
The city’s estimated cost for the project stands at $99,999.
Hall Engineering recommends the city request a 30 day contract period with a late start date of March 31, 2014. The construction completion date stands at April 30, 2014.
Nathan Summers with Ruan Securities will present an analysis of refinancing 2011B and 2003 general obligation bonds, a proposed timeline and engagement letter in reference to not more than $1 million in general obligation refunding capital loan notes.