The regular meeting of the Slater City Council was called to order by Mayor Rick Rewerts at 7:30 P.M. on February 20, 2007, at City Hall, 105 Greene St., Slater, Iowa. The roll being called the following Council members were present and absent: Present: O’Donnell, Staples, and Cook. Electronic connection – Pritchard and Schick. Others in attendance were Public Works Director LaDonna Chriswell, Allen Munsterman & Chris Pederson represented Snyder and Associates, and Chip Schultz with Ruan Securities.

It was moved by Staples and seconded by Cook to approve and place on file the minutes of the February 12, 2007 meeting and approve payment of expenditures totaling $5,326.97 as follows:

DEMCO Vistafoil Laminate and book guard tape 108.39

Follett Software Company Title labels & protectors 86.11

Heart of Iowa Co-op Diesel Fuel 848.00

Mitinet Inc. Annual Renewal of Marc Wizard 189.00

Nite Owl Printing Color Tri-Fold Brochure 31.20

PMRG Comprehensive Plan Final progress payment 4,064.27

TOTAL $5,326.97

The motion passed with record vote as follows: Yes: Staples, Cook, O’Donnell, Schick, and Pritchard. No. None.

The Mayor publicly recognized city staff Mark Estrem and Mike Nelson as well as contractor Casey Mallon for the work done Saturday and Sunday repairing water main breaks. He asked that this acknowledgement be made a part of the permanent records.

The Mayor announced that this was the time and place for the public hearing and meeting on the matter of the authorization of a Loan and Disbursement Agreement by and between the City, the Iowa Finance Authority, the Iowa Department of Natural Resources and Wells Fargo Bank, N.A. and the issuance to the Iowa Finance Authority of $50,000 Water Revenue Capital Loan Notes to evidence the obligations of the City under said Loan and Disbursement Agreement, in order to provide funds to pay costs of acquisition, construction, reconstruction, extending, remodeling, improving, repairing an equipping all or part of the Municipal Water Utility, and that notice of the proposed action by the Council to institute proceedings for the authorization of the Loan and Disbursement Agreement and the issuance of the Notes has been published in the Tri-County Times on February 8, 2007 pursuant to the provisions of Sections 384.24A and 384.83 of the Code of Iowa, as amended.

The Mayor then asked the City Clerk whether any written objections had been filed by any City resident or property owner to the proposal. The City Clerk advised the Mayor and the Council that no written objections had been filed. The Mayor then called for oral objections to the proposal and none were made. Whereupon, the Mayor declared the time for receiving oral and written objections to be closed.

The Council then considered the proposed action and the extent of objections thereto.

Whereupon, Council Member Staples introduced and delivered to the Clerk the RESOLUTION ENTITLED: RESOLUTION INSTITUTING PROCEEDINGS TO TAKE ADDITIONAL ACTION FOR THE AUTHORIZATION OF A LOAN AND DISBURSEMENT AGREEMENT AND THE ISSUANCE OF $50,000 WATER REVENUE CAPITAL LOAN NOTES, and moved that the resolution be adopted.

Council Member Pritchard seconded the motion. The roll was called as follows: Yes: Staples, Pritchard, Cook, O’Donnell, and Schick. No: None. Whereupon, the Mayor declared the measure duly adopted and gave the resolution number 13 (2006-2007) for the records.

Council Member Cook introduced a resolution entitled: A RESOLUTION APPROVING AND AUTHORIZING A FORM OF INTERIM LOAN AND DISBURSEMENT AGREEMENT BY AND BETWEEN THE CITY OF SLATER, AND THE IOWA FINANCE AUTHORITY, AND AUTHORIZING AND PROVIDING FOR THE ISSUANCE AND SECURING THE PAYMENT OF $50,000 WATER REVENUE CAPITAL LOAN NOTE ANTICIPATION PROJECT NOTE, SERIES 2007, OF THE CITY OF SLATER, IOWA, UNDER THE PROVISIONS OF THE CODE OF IOWA, AND PROVIDING FOR A METHOD OF PAYMENT OF SAID NOTE, and moved its adoption. Council Member O’Donnell seconded the motion to adopt. The roll was called and the vote was as follows: Yes: Cook, O’Donnell, Staples, Schick and Pritchard. No: none.

Whereupon, the Mayor declared the motion carried and the resolution adopted and he gave it No. 14 (2006-2007) for the record.

Al Munsterman and Chris Pederson presented the Final Slater 2006 Water System Study report. They responded to questions regarding the document and reviewed in detail the potential use of alternate water supply options specifically Des Moines Water works who currently serve Ankeny, Polk City, and Alleman. Potential use of the Huxley water works was also included in the report, however, the findings indicate that the existing capacity of their system is reserved to meet the needs of future development and adding Slater would require additional well supply and treatment capacity.

The engineer’s recommendation is that the City proceeds at this time with the construction of an equalization tank and pumps at a projected cost of $220, 000 to meet IDNR requirements for handling treatment residuals. They further recommended the construction of a new well and transmission main to provide water capacity and improved water quality at a projected cost of $300,000.

It was consensus of the Council to accept and place the report on file for public inspection. It was further agreed that the City would proceed pursuant to the engineer’s recommendation and the $520,000 will be anticipated as a project in the 2007-2008 budget.

After due consideration and discussion, it was moved by Council Member Staples and seconded by Council Member Cook to enter into an agreement with Snyder and Associates for the 2007 Water Treatment Improvements for construction of an underground reinforced concrete equalization tank and pumps. The agreement sets out the scope of Design Services with a lump sum fee of $18,500. The fees for Construction Services shall not exceed $15,000 without prior City approval and are based on the fee schedule in effect until June 30, 2007. The Geotechnical investigation will be on the basis of a lump sum fee of $2,000. The motion passed with record vote as follows: Yes: Staples, Cook, O’Donnell, Pritchard, and Schick. No: none. The Mayor declared the motion carried and signed his approval to the agreement. It was noted that a letting for the project is anticipated in June 2007.

Clifton "Chip" Schultz with Ruan Securities presented the Council with a list of potential projects & expenditures requiring General Obligation bonding. He reviewed in detail the impact on debt capacity and the tax levies required to support the proposed issues. He outlined the procedures necessary to have the new debt repayment included in fiscal year 2007-2008. The deadline for certification of the new debt is April 1^st 2007 therefore the levy will be in addition to the taxes proposed in the fiscal 2007-2008 budget. After due consideration and discussion the Council directed staff to proceed with development of the necessary legal work for the issuance of debt as documented. A pre-levy resolution will likely be acted on in March with delivery of funds anticipated in April 2007.

The Council set the 2007-2008 budget hearing for March 12, 2007 at 7:30 p.m. and directed the staff to publish notice of hearing in the newspaper. Copies of the detailed budget are available at the City Hall and Library.

It was moved by Staples and seconded by O’Donnell to adjourn at 10:28 p.m., the motion carried and the meeting adjourned.