04/01/2013-CC-Minutes-Work SessionMINUTES: CITY COUNCIL WORKSESSION
April 1, 2013
PRESENT:Mayor Thomas Muir,Councilman Billy Ezell,Councilman Russell Martin,
Councilman Scott Stephens and Councilman Allen Chick
ABSENT:Councilman Gary Bilyeu
OTHERS
PRESENT:Mike Brice City Manager, Tami Taber City Secretary and Ted Christensen
of Government Capital
1.Call Meeting to Order.
Mayor Muir called the meeting to order at 6:00 p.m.
2.Discussion of Future Capital Improvements and Funding Methods.
Ted Christensen of Government Capital distributed a rate sheet and advised that
the City of Sanger is currently at an A2 rating. The City currently has certificates
of obligation in the amount of 4,500,000 at approximately 3% interest with a bond
payment in the amount of $290,000 a year.
City Manager gave a power point presentation covering a ten year capital
improvement plan.Goals are to identify and prioritize needed improvements in
streets, water and the sewer system.
Currently, there are twelve lane miles in poor condition and there is $150,000 a year
in the budget for street reconstruction.
There is also a need for a new water well and associated piping and storage and a
need to address wastewater inflow and infiltration.
3.Overview of Items on Regular Agenda.
4.Adjourn.
Mayor Muir adjourned the work session at 6:59 p.m.