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_'- T • .1 <br /> bonds sold at rates that were very similar 5,' <br /> other stet's. In order to effect • lion cep <br /> ty, a ma-profit Wilding lethality w <br /> bew to be created. The lie., would be .ssign;$\., <br /> to this which slightly changes the structure ad <br /> that is why the documrats are bring redone. . . <br /> issuance is the same (04.34 million) , same tee ' <br /> I?0 years), same maturity schedule, ssms repaysem0: <br /> of principal with an invested reearw fund. There' <br /> is no change La the bond commission and issuaaos <br /> ousts to the City. <br /> • a <br /> Stahl further explained that there is as 90/441 k <br /> obligatioi debt cc behalf of the City. • <br /> We. 'lor4ai stated that this *tractive is . <br /> used more froo.vemtly wlrey+ja tIis is 4 " . <br /> loam. the!: r for an4 .yeah.' deft tat <br /> "p+ore w i4. d 4• M ho ter l�isst • <br /> for yg.• .S tit stsaatuse • 4 <br /> • li 1 em the pem jeot wbicr you are not allowed <br /> hove under the revenue bead structure. This t <br /> of lease places a me year obligation os the_ / <br /> of the City. it cam terminate at the end of <br /> war te will terminate if the City does not <br /> dget aappropriate massy for the next year's lease ' <br /> payment. •1 <br /> ,! w <br /> Mw !snsoa sowed and Mohr seconded to pleoir. <br /> HOl, Series We out for publication <br /> sod a public bearing set for ,Thine 20, 1501. <br /> totioa passed 5 .0. <br /> AUTIKAUZ*?IQU To WJPC? a03D <br /> SIDd Lillo explained that four firms respoaded to ths►- <br /> Dagwst for Proposal for the maintenance sad <br /> operatics of the Louisville Municipal golf course. . <br /> Some of the four proposals submitted wet the <br /> criteria as ootliaad by the RIP. Opomm <br /> review of the proposals by the Bolt course <br /> Advisory Committee, it is their recommendation' <br /> that Common zsyeot these proposals and allow the <br /> Committee to invite three to four management firms <br /> in to make oral preseotatioas to better evaluate <br /> the direction the City should consider regarding <br /> maintenance and management of the course. <br /> Although some of the criteria set forth in the Rfl <br /> were not net is the proposals received, ranging <br /> municipal golf courses is a relatively new field, <br /> Stahl stated. /however. there are throe or four <br /> groups that have experience managing golf courses <br /> that could have a proves track record and have <br /> iadividual history prior to bsinf iavolted is a <br /> oospoutiow t et staff may want to Dome back sad <br /> 3 <br />