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music, food, and community. A big thank you to the Parks and Recreation team, our
<br />volunteers, and city staff who helped make these events possible. As Council takes a
<br />well -deserved break, we send our very best wishes for a restful and enjoyable July, and
<br />we look forward to continuing the momentum when you return in August. Thank you.
<br />Council President Brossard:
<br />Thank you, Mayor. Assistant Director of Law O'Malley, do you have a report this evening?
<br />Law
<br />Assistant Law Director O'Malley:
<br />Thank you, Mr. Council President. I do not.
<br />Council President Brossard:
<br />Thank you, and Director of Finance Copfer, do you have a report this evening?
<br />Finance:
<br />Finance Director Copfer:
<br />Yes, I do, Mr. President.
<br />• On Tuesday, June 10th, our notes sold. We were four times oversubscribed in the initial
<br />order period, which is a really good sign. With four of them, the investment people
<br />wanting the whole amount of notes, we were able to then lower the yield somewhat
<br />and narrow it down to who would stay and do that. So we had a successful sale. We sold
<br />at a 3.3% yield, and the coupon on the note is 4%; and the all -in tick, which includes the
<br />cost of issuance, rate is 3.846. And that concludes my report.
<br />Council President Brossard:
<br />Thank you. Before moving into Council Committee reports, I'd like to just take a moment of
<br />personal privilege. Although he's not present in the audience this evening, I just want to wish
<br />our outgoing Special Assistant to the Mayor, Chuck Massarolo, all the best. We've had the
<br />pleasure of working with Chuck as both Special Assistant to the Mayor and, prior to that, as our
<br />Clerk of Council, and he's just a wonderful human being, and I wish him all the best moving
<br />forward. But we also welcome with open arms the incoming Special Assistant, Mike Byrne, who
<br />many of us are already familiar with. Thank you.
<br />Councilman Limpert, Chairman of the Building, Zoning, and Development Committee, do you
<br />have a report this evening?
<br />Building, Zoning and Development Committee
<br />Councilman Limpert:
<br />I do, Mr. President. Thank you. The Building, Zoning, and Development Committee met tonight,
<br />June 17th, at 6:30 p.m. Present were Committee Members Limpert, Shymske and Gilchrist.
<br />Council Members Brossard, Hemann, Madden, Marrie, Scarl, the Mayor, Finance Director, HR
<br />Director, Economic Development Director, Safety Director, and Recreation Director.
<br />06 ..7 25 Council Meeting Minutes Page 2
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