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MEETING MINUTES

City of Bloomer

Regular Meeting of the Common Council

1503 Main Street

Bloomer, WI 54724

July 11th, 2018, 6:00 p.m.

Pursuant to due call and notice thereof a regular meeting of the Common Council of the City of Bloomer was called to order on Wednesday, July 11th, at 6:00 p.m. at City Hall, 1503 Main Street – President Hofmann presiding.

Roll call was taken:  Aldermen Meinen, Hofmann, Jones, Koehler and Administrator Frion were all present.  Mayor Steinmetz and Attorney Gustafson were absent. 

All present gave pledge to the flag.

Alderman Jones made a motion to approve the minutes from the June 27th, 2018 regular meeting as presented.  Alderman Meinen seconded the motion and all present voted aye. 

Alderman Koehler made a motion to approve all claims against the City and Utilities as presented.  Alderman Meinen seconded the motion and all present voted aye. The claims were in the amounts listed below:

                                Checks Numbered:                         82481 - 82556

                                General Fund:                                   $   84,402.16

                                Electric Fund:                                   $   19,724.36

                                Water Fund:                                     $   14,603.57

                                Sewer Fund:                                     $   17,431.61

                                TOTAL                                             $ 136,161.70

Motion by Alderman Koehler to approve Resolution #06-18 amending Resolution #01-18 and authorizing the Mayor and Administrator/Clerk/Treasurer to execute the Modification Agreement.  Seconded by Alderman Meinen.  Motion carried.

BE IT RESOLVED, by the Common Council of the City of Bloomer, Chippewa County, Wisconsin (the “City”), as follows:

Section 1.            Recitals.

1.01.      The Common Council of the City adopted on January 10, 2018, Resolution No. 01-18 titled “Resolution Authorizing the Issuance and Sale of Up to $927,864 Sewerage System Revenue Bonds, Series 2018, and Providing for Other Details and Covenants with Respect Thereto” (the “Bond Resolution”).

1.02.      The State of Wisconsin Clean Water Fund Program (the “CWF Program”) acting by and through the State of Wisconsin Department of Administration is the owner of 100% of the outstanding principal amount of the $927,864 Sewerage System Revenue Bonds, Series 2018 (the “Bonds”) authorized to be issued pursuant to the Bond Resolution.

1.03.      Section 11(b) of the Bond Resolution, dealing with the provisions for the City to issue Additional Parity Bonds, contains an error regarding the debt service coverage ratio that the City and the CWF Program desire to correct.

1.04.      Sections 14 and 17 of the Bond Resolution provide that the Bond Resolution is a contract and may not be amended without consent of the owner of the Bonds.

1.05        The City and the CWF Program propose to enter into a Modification Agreement and Consent which will amend Section 11(b)(1) of the Bond Resolution in its entirety. 

1.06        All other terms of the Bond Resolution shall remain in full force and effect.

Section 2.            Findings.

2.01        Section 11(b)(1) of the Bond Resolution is amended in its entirety to provide as follows:

              (b)          Additional Parity Bonds may also be issued if all of the following conditions are met:

(1)          The Net Revenues of the System for the Fiscal Year immediately preceding the issuance of such additional bonds must have been in an amount at least equal to the maximum annual interest and principal requirements on all bonds outstanding payable from the revenues of the System, and on the bonds then to be issued, times the greater of (i) 1.10, or (ii) the highest debt service coverage ratio to be required with respect to the additional Parity Bonds then to be issued or on any debt obligations payable from the revenues of the System then outstanding.  Should an increase in permanent rates and charges, including those made to the Municipality, be properly ordered and made effective during the Fiscal Year immediately prior to the issuance of such additional bonds or during that part of the Fiscal Year of issuance prior to such issuance, then Net Revenues for purposes of such computation shall include such additional revenues as an independent certified public accountant, consulting professional engineer or the Wisconsin Public Service Commission may certify would have accrued during the prior Fiscal Year had the new rates been in effect during that entire immediately prior Fiscal Year.

Section 3.            Approval of the Modification and Consent.

3.01        The form of the Modification Agreement, as presented to the Common Council, is approved.  The Mayor and the Clerk-Treasurer of the City are authorized and directed in the name and on behalf of the City to execute the Modification Agreement, with such changes as do not materially change the substance thereof as the Mayor and the Clerk-Treasurer shall deem necessary and appropriate.

The City has received notification from the DNR that the Sewer Utility has to allow for septage disposal from haulers for the months November through April.  The Water/Wastewater Department Manager Bill Miller and Administrator Frion will be reviewing the current agreements to make any necessary amendments that need to be made to the agreement prior to the renewal in November.

Motion by Alderman Koehler to approve a license to serve fermented malt beverages and intoxicated liquors for Kari Johnson, Claire Paulus, Kacey Shaw, Sarah Maidment, Kailey Steinmetz, Marissa Vahlenkamp, Sadie LaGesse, Jessica Mosier, Melynda Smetana, Shannon Zwiefelhofer, Eric Sikora, Melissa Prince, Melissa Schmidt, Joshua Shadick, Jacqueline Fetting, Scott Koehler, Heidi Morning, Renae Richardson, Sachel Wallis, Alin Bircham and Hope Jensen.  Seconded by Alderman Jones.  Motion carried.

Motion by Alderman Meinen to adjourn.  Alderman Koehler seconded the motion.  Motion carried.

Sandra Frion

City Administrator/Clerk

 

 

  City of Bloomer
1503 Main Street
Bloomer, WI 54724
Phone: 715-568-3032
Email Us: sstoik@ci.bloomer.wi.us
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