"COUNCIL MEETING 01/18/11
We will have a presentation Cathy Bieterman, Economic Development Coordinator.
Can we at least get a Rally's, Sonic?
The rest of the meeting will be a Ordinance on how we will pay off our notes,LOANS
We will reissue a LOAN $226,000 to pay off the loan of $234,320 for financing of the Renaissance Business Park? Does that mean we only paid off $7,320.00 of that loan last year? Hope we get an explanation.
Ordinance to reissue a one year loan coming due on March 12,2011. This reissuing of this loan is for projects completed in the last five years. Resurfacing Argonne Drive, the new apron for the fire department, ect.
I get the impression our City Manager pays off one credit card using another take your VISA and paying it off with your Master charge, all legal but I wonder what all this reissuing costs us in interest?
If council approves another loan we will repave Hartshorn Dr.
I wish the City Manager would replace the word NOTE with LOAN in all her ordinances, even I don't think the word note sounded like debt.
Every loan passed. Tune in to watch Councilman Werner ride a dead horse!