Board Proceedings
October 29, 2009
President Proctor called the Special Holmen Village Board meeting to order at 6:40 PM on October 29, 2009 at the Holmen Village Hall. All Board members were present, except Seitz who was absent. Also present was Park & Recreation Director Brogan and Public Works Director Haines.
Sean Lentz from Ehlers and Associates presented information
on the recently achieved bond rating of AA-
from Standard & Poor’s. He presented
the board with a plaque representing the bond rating. He informed the board about the bids received
from the sale of bonds the morning of October 29, 2009. The winning bid went to M&I Bank of
Motion by
Motion by Szak, seconded by Olson for approval of Resolution 13.09 Resolution awarding the sale of $4,355,000 General Obligation Corporate Purpose Bonds, Series 2009A. Carried unanimously.
Previous Administrator/Clerk Schmit reviewed the proposed 2010 budget with the board. There were several discussions regarding capital purchases and the future 2011 budget constraints.
Motion by Olson, seconded by Schmid at 9:04 to go into closed session per WI Statutes 19.95(1) © to discuss personnel issues(s). Carried unanimously. Discussion items only in closed session.
Motion by Olson, seconded by Szak at 9:25 to return to open session. Motion by Schmit, seconded by Szak for approval of 2010 proposed budget for publication with amendments as discussed. Carried unanimously.
Motion by Szak, seconded by
Angela A. Hornberg
Village Treasurer/Deputy Clerk