City Council Minutes 1993 10 06 - Laserfiche WebLink

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REGULAR BUSINESS INtrODUCTION OF NEW EMPLOYEES - THIRD QUARTER Sharon Asti-Caranci is not here. New employees from the Finance Department are: Karen Dusek as of July 26, as Clerical Assistant Betty Harrelson as of July 21 as Part-Time Records Retention Clerk Bruce Goodman as of September 27 as Police Chief Barbara O'Laughlin as Code Enforcement Officer Kim Glenn in Records of the Police Department Tom Talboom new Chief Building Official as of September 1, 1993 RESOLUTION 37, SERIES 1993 -APPROVINGANINCREASE IN THESURCHARGE FOR EMERGENCY TELEPHONE SERVICES Sisk explained the Resolution, which is an increase in the telephone monthly service surcharge for 911 from $.38 to $.50, and asked for a further explaining regarding this Resolution. Chief Goodman gave the background of the telephone surcharge. Six or eight years ago Colorado had no mechanism for Egll to be funded, so the Legislature gave to the PUC enabling legislation to allow municipalities to assess a telephone surcharge. Several years later Boulder County decided to go down the road of E911 (911 is strictly a telephone switch, Egll can be routed to specific answering points, displayed is the telephone number, the address and. also a provision for hazard flags - known residents of violence, hazardous materials, people with mental or medical emergencies which can be programmed). At that time the surcharge was. $.38 per phone line and has never been increased, three or four years ago. The system now needs to be kept up to par and an increase is needed for hardware, licensing, maintenance, and paying the costs to the telephone subscriber, no personnel costs. Sis.k moved that Resolution No. 37, Series 1993, to be approved.. Seconded by Mayer. Roll call vote was taken: Yes: Hedding, Mayer, Sisk, Howard, Hornbostel, Davidson. All in favor. DISlCUSSION/DIRECTION - REFUNDING OF SALES TAX REVENUE BONDS Two months ago Davidson contacted an underwriting firm and inquired abc,ut refunding the sales tax bonds. The Finance Committee held a meeting and talked to two underwriting companies. Presentation by Forrest Cason, Vice President of Kirkpatrick Pettis. Forrest Cason, Kirkpatrick Pettis, 1700 Lincoln Street, Denver, CO He handed out a brochure and reviewed what was presented to the Finance Committee. He recommended that the city consider refunding of the 1989 sales tax bonds now for the following reason interest rates in the tax exempt market are at one of their historical low