Bondage

The Official Unofficial Minutes of the WL BOA

August 3rd

Discussion led by Jerry regarding our General Obligation Bonds.  With a call date of Mar 1, 2011, there is an opportunity to refinance the bonds at a more attractive rate to the City.  It requires action at least 90 days prior to the call.  UMB and Piper were selected by the mayor to make presentations to the BOA for consideration.  The idea is to have a n.ew offering available for WL citizens in October, November for the general public.  At one point Piper discussed the possiblity of rated bonds...not sure why, but apparently that has been abandoned.

A date of 24 August, 2PM, has been set for a Special Board meeting to receive the two presentations (City web site still does not have it posted).  At the same time a public hearing for the levy will be conducted followed by deliberation and setting a levy rate for the City (your taxes folks)  In consideration of the importance of these issues and the fact that most voting residents have full time jobs, the BOA and Mayor set the meeting/hearing date time...this of course has nothing to do with the fact that none of the aldermen or Mayor have a full time job.