Note: These minutes should be considered a draft until they are approved by the Board of Aldermen at the April 17, 2007 meeting.

Work Session

BOARD OF ALDERMEN

CITY OF PARKVILLE, MISSOURI

March 27, 2007

ATTENDEES:

Ward 1 Alderman Jim Brooks - Present

Ward 1 Alderman Deborah Butcher - Arrived at 6:12 p.m.

Ward 2 Alderman David McCoy - Present

Ward 2 Alderman David Rittman - Absent w/prior notice

Ward 3 Alderman Marvin Ferguson - Present

Ward 3 Alderman Jeffrey Bay - Present

Ward 4 Alderman Marc Sportsman - Present

Ward 4 Alderman Brian Atkinson - Present

ALSO PRESENT: City Administrator Joe Turner

Community Development Director Sean Ackerson

Public Works Director Jeff Rupp

Project Manager Dan Koch

City Collector Loretta Stevens

City Clerk Claudia Willhite

Candidate Gerry Richardson

Michael Short, Oppenheimer & Co. Inc.

Janet Garms, Kutak Rock LLC

MEDIA PRESENT: Nancy Jack, The Parkville Luminary

Mayor Dusenbery opened the Work Session at 6:03 p.m. and introduced Michael Short and Janet Garms who were there to give a presentation to the board and staff on the topic of Municipal Finance Options and Overview.

Michael Short distributed a booklet providing definitions and details on the following finance options:

Short Term Debt (Notes)

Tax Anticipation Notes (TANs)

Bond Anticipation Notes (BANs)

Other Note Types

Long Term Debt

General Obligation (GO) Bonds

Limited General Obligation Bonds

Revenue Bonds

Certificates of Participation (COPs)

Economic Development Financing Tools

Tax Increment Financing (TIF) Bonds

Special Assessment Bonds

Industrial Revenue Bonds (IRBs)

Community Improvement District (CID)

Transportation Development Districts (TDD)

Sales Tax Rebate/Development Agreements

Mr. Short and Ms. Garms took questions and comments throughout the presentation. A copy of the presentation booklet is attached to the official minutes of this work session.

Mr. Short reported that Parkville will revisit its two new NIDs in 2008 to switch the financing from Temporary Notes to Permanent Notes.

Mayor Dusenbery noted the need to wrap up discussion to move to the boardroom.

Mr. Short and Ms. Garms offered their availability to address any future questions that may arise, noting their contact information on the cover of the booklets distributed at this meeting.

ALDERMAN SPORTSMAN MOVED THAT THE WORK SESSION ADJOURN; ALDERMAN FERGUSON SECONDED, ALL AYE; MOTION CARRIED.

The meeting adjourned at approximately 6:57 p.m.

Submitted by:

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City Clerk Claudia Willhite