The meeting was called to order by Mayor Claude Lois at 5:05 p.m. with the following in attendance: Aldermen John Thate, Robert Prailes, Robert Miller, Peter Girolamo, Tom Vos and Steve Rauch, Interim Administrator Mark Morien and Dave Wagner of Ehlers and Associates. Alderman Katie Simenson and Alderman Kent Strong were excused.

Consideration was give to Motion 07-561 to authorize the city staff together with Ehlers and Associates, inc., to solicit quotes from the approved designated Public Depositories list for $1,500,000 General Obligation Promissory Notes for consideration at the meeting of the Common Council on August 21, 2007.

Consideration was also give to Motion 07-562 authorizing the city staff together with Ehlers and Associates, Inc., to negotiate with the best bidder for the city’s last competitive bond sale, Robert W. Baird and Company, Inc., for the sale of $1,500,000 General Obligation Refund Bonds for consideration at the meeting of the Common Council on September 4, 2007.

Mr. Morien reviewed the background on the issues and Mr. Dave Wagner discussed the financial options and answered questions.

A motion was made by Alderman Miller to adjourn the meeting. Alderman Girolamo seconded the motion and with all in favor the motion carried and the meeting adjourned at 5:30 p.m.

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Interim City Administrator
Mr. Mark Morien
Recording Secretary