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explained that the Ordinance removes the 2-hour parking at those locations. He noted that surveys were sent out to property owners and residents of the rental units. Councilor De Forest said that she appreciated the responsiveness of Engineering in keeping the parking on Washburn and Farwell Streets. Councilor Luebke moved to suspend the rules to allow for a second reading of this Ordinance. Councilor Haynes seconded, and the motion carried 6-0. Councilor Haynes moved to enact the Ordinance as proposed, and Councilor Luebke seconded. The motion carried 6-0. File 7791 Ordinance 3450 b. Proposed Ordinance to Remove 10-hour Parking Time Limit in the Downtown Area was given first reading. It was noted that Traffic Review Committee recommended approval 5-0. Mr. Flesch explained that removal of the 10-hour parking time limits would allow people to park for longer periods of time but that the overnight parking limitation would still apply. He noted that the Downtown Beloit Association and a majority of the Downtown Businesses were in favor of the change. Councilor Van De Bogart moved to suspend the rules to allow for a second reading of this Ordinance. Councilor Luebke seconded, and the motion carried 6-0. Councilor Spreitzer moved to enact the Ordinance as proposed, and Councilor Haynes seconded. The motion carried 6-0. File 7791 Ordinance 3451 7. APPOINTMENTS - none 8. COUNCILOR ACTIVITES AND UPCOMING EVENTS a. Councilor Spreitzer said that he enjoyed attending the Latino Community Fair and Welcome to Our Town Event and was looking forward to the upcoming Send Your Legislators Down the River event, b. Councilor Van De Bogart encouraged people to continue to participate in all community activities. c. Councilor De Forest read a personal statement regarding the recent loss of her mother. She expressed gratitude to foster parents and all those who take care of others in our community. d. President Leavy welcomed Councilor De Forest back and offered his support and condolences for her loss. 9. CITY MANAGER'S PRESENTATION a. Judge William Henderson presented a report on Beloit Municipal Court's Juvenile First Time Offender Program (JFTO). He said that this program started in 2009 with the goal of changing the behavior of youth who are first-time offenders. He indicated that there are classroom and work components to the program, which has a success rate of 92.4 percent. Judge Henderson introduced Fred Atlas who is the Truancy Coordinator for the Beloit School District and the JFTO program administrator. Mr. Atlas explained the two components of the program and said that he enjoys the opportunity to positively influence the lives of youth in this community. Councilor Spreitzer thanked the Judge and Mr. Atlas for presenting the program. Councilor Luebke commended Judge Henderson and Mr. Atlas for showing students the consequences of bad behavior, allowing the youth to make amends, and putting them on the path to maturity. Councilor De Forest expressed support for the program and the collaboration between the Beloit School District and City. President Leavy echoed support for the program. File 4906 10. REPORTS FROM BOARDS AND CITY OFFICERS a. Resolution providing for the sale of approximately $8,645,000 General Obligation Refunding Bonds, Series 2011. Finance and Administrative Services Director Paul York explained that he was contacted by the City's Financial Advisor, Ehlers and Associates, about the opportunity to refinance some of the City's outstanding general obligation debt to take advantage of recently declining interest rates. Mr. York said that refinancing the outstanding debt from the City's 2003 and 2005 General Obligation Bonds and 2005 General Obligation Notes could result in savings in excess of $600,000. Michael Harrigan of Ehlers and Associates explained that the current market for interest rates could create significant savings for debt service if the bonds and notes were refinanced through a competitive open-market bid process. Councilor Luebke moved to adopt the resolution, and Councilor Van De Bogart seconded. The motion carried 6-0. File 8463 b. Resolution authorizing the City Manager to enter into a revised State/Municipal Agreement with the Wisconsin Department of Transportation for the Design and Construction of the Henry Avenue Bridge. Mr. Flesch explained that this amended agreement and the amended agreement for the design and construction of Riverside Drive are related because the State Department of Transportation had to fix an accounting error. Councilor Haynes moved to adopt the resolution, and Councilor Spreitzer seconded. Councilor De Forest asked if the design enhancements to the bridge were being funded through the City and if so, if the Engineering department discussed removing some of the enhancements to save money.