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creating two specific mounds (indicated on a map <br /> by Ault).These would be reseeded with crested <br /> wheat upon completion of the project. <br /> Fugitive dust , time frame of project, equipment <br /> used the possible creation of traffic problems sad <br /> noise were 811 concerns of council and discussed. <br /> A lease agreement on this same property between <br /> the City and Homart else needs to be examined. <br /> Twelve 30 cubic yard scrapers raking 300 trips <br /> per day for approximately 3-4 months will be the <br /> scope of the project according to Ault. <br /> Alternative i9 was recommended as the most <br /> desirable and feasible. Hundley suggested that <br /> council direct staff to have RMC go out for <br /> bids on this project and specify whatever <br /> provisions they deem appropriate. He also <br /> suggested that council consider issuing Bond <br /> Anticipation Notes (BAN'S) for the project <br /> which would then taken out by the Water <br /> Conservation Board funding. The City would <br /> then be able to invest the proceeds from the <br /> BAN's at a higher interest rate than what the <br /> City is paying for it in the interim period, <br /> up to 13 months, and could then earn some <br /> interest on that transaction. It also allows <br /> the City the benefit of not paying for <br /> everything out of the City's pocket and than <br /> being reimbursed by the Water Conservation Board <br /> at a much later date. The City could conceivably <br /> make some money on this type of transaction. <br /> Easements have allowed for the dirt to be moved <br /> on a 50 ft. wide haul road and it was suggested <br /> that conditions of the contract should read that <br /> the road be reseeded at the completion of the <br /> project. <br /> Council concurred that start-up and stop time, <br /> the safety of the children at the new Coal Creek <br /> elementary school, fugitive dust, and noise levels <br /> are all factors that must be addressed <br /> specifically in the contract. <br /> Council directed Hundley to proceed in obtaining <br /> all the financial aspects including the issuance <br /> of the anticipated $1 .2 million bond. <br /> Hundley asked that council direct staff to obtain <br /> Request for Proposals from several different <br /> bonding institutions and have then explain some <br /> different tinancing alternatives that might appeal <br /> 6 <br />