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<br /> \ <br /> ~ <br />In response to a question from Mayor Keller, Mr. Flogstad said the <br />total serial levy next year would be used to pay back the Sewer Fund. e <br />Therefore, there would be no funds available from the serial levy next <br />year except for that purpose. It would not jeopardize any Public Works <br />projects. He noted it is legal to loan money from a bond sale, and <br />this money would not come from operating funds. <br /> Mr. Hamel moved, seconded by Ms. Smith, to recommend <br /> approval by Council of the resolution July 19. Motion <br /> carried unanimously. <br />Upon motion duly made, seconded, and passed, the meeting was adjourned to <br />July 19, 1978. <br />~:;~ <br />Charl es T. Henry <br />City Manager <br />CTH:er/CM8a9 <br /> - <br /> -- <br /> 7/12/78--6 <br /> 501 <br />I <br />