2010-05-27 - Laserfiche WebLink

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To: Honorable Mayor Welsch and Council From: Janet Watson, Interim City Manager Date: Thursday, May 27, 2010 Subject: Weekly Update public hearingFY11 Budget On Monday, June 7, City Council will hold a on the at Heman Community Center, 975 Pennsylvania Ave. There will be a presentation on the proposed budget for the fiscal year beginning July 1, 2010. The City Council is requesting public input at that time. upgraded the City’s credit rating from “A+” to “AA” Standard and Poor’s has . Standard and Poor’s is a leading global credit rating, research and risk analysis firm. The City received the upgraded rating through a normal review process. Standard and Poor’s cited several factors for the “AA” rating including the City’s strong overall financial profile which includes a diverse revenue stream, ample reserves, low debt levels, long-term financial strategies and prudent financial management. Other factors that contributed to this rating upgrade include the City’s income levels, property market values and commitment to the City’s reserve target of 17%. MODOT is changing some of their signals along Olive from a protected left turn to a 'Flashing Yellow Arrow’ starting June 7th. The intersections that are considered for the change are: Olive at McKnight, Olive at 82nd, Olive at 81st, Olive at North/South, and Olive at Hanley. What are flashing yellow left-turn arrows and how do they work? They are flashing signal lights that allow drivers to make a left turn when it is safe to do so. A flashing yellow arrow means that left turns are permitted, but you must first yield to oncoming traffic and pedestrians, and then proceed with caution. The flashing yellow arrow does not replace the solid yellow arrow and its meaning; it does replace the green “ball” indication as a signal for a yielding left turn.