Laserfiche WebLink
Mayor Cassidy asked Vesely if the advisor would be per project and how exactly would they be <br /> paid. Vesely stated that it would be per project and the advisor would be paid as part of the cost <br /> of financing. The amount would depend upon the project itself. <br /> Mayor Cassidy inquired if a separate RFQ would be placed for the Public Safety Side Fund. <br /> Assistant City Manager indicated that the financial advisor will also help to determine if it is <br /> worth paying off through a financing process. Vesely stated that this is common practice and all <br /> RFQs are due by Friday, May 13, 2011. <br /> Mayor Cassidy asked that information such as the RFQ, budget update, and 5 -year projections be <br /> provided to employees. Vesely advised Mayor Cassidy that an all employee presentation will be <br /> conducted before month -end. <br /> 4. Public Comments <br /> Charles Gilcrest stated that the City should provide an opportunity to the citizens of the City of <br /> San Leandro to purchase bonds. There are many people interested in the purchasing bonds with <br /> a 4 -5% interest rate and the City should be able to competitive bidding by major firms. <br /> 5. Committee Member Continents <br /> None <br /> 6. Adjourn <br /> The meeting was adjourned at 9:47 a.m. <br /> 3 <br />