HomeMy WebLinkAbout1984-08-23 CC MIN Special Meeting182 •
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IAL MEETING
STILAATER CITY COUNCIL
AUGUST 23, 1984 4:30 P. M.
The meeting was called to order by Mayor Peterson.
Members Present:
Members Absent:
Others Present:
Co ncilnen6ers Bodlovick, Kimble, Farrell and Mayor Peterson
Camcilnenter MacDonald
Ron Iafrgness, Betty Caruso, Barrie Kirtz
MAYOR PETERSCN stated that the purpose of this meeting was to consider three band issues.
RCN LANZ:L SS of SPRINGSFED, INC., reviewed the three issues, stating that two were Refunding
Issues and one a Corporate Purpose Issue.
- -$4,850,000 GENERAL CBLIGATICN IMPROVEMENT BONDS, SERIFS 1984-A, will be issued to refinance
the $6,100,000 Temporary Improvement Bonds issued in 1981 for the Oak Glen Development. The
temporary inprovenent bond natures on November 1, 1984 and must be fefinanced at this time.
On notion of Co ncilnenber Bodlovick, seoadded by Co ncilmeiber Kimble, a resolution
was introduced, "RESOU7FICN NhIWWtIZING ISSUANCE AND SALE OU $4,850,000 GENERAL OELIGATICN
IMPROVEMENT H.N06, SERIFS 1984-A" (RFSOLUFION NO. 7354)
Ayes --CbunciInembers Bodlovick, Kimble, Farrell and Mayor Peterson: Nays--cone
—$600,C30 CANERRAL C&,IGATICN IMPROVEMENT BONDS SERIFS 1984-A will 'be used to refund the $390,000
Temporary Improvement Fonds, Series 1981B, which were sold for the Deerpath Addition and some
other iulated projects. This band issue will also include sere oversized costs relating to
Local Improvement No. 184, Oak Glen, and related projects and two additional improvements for
Loral Improve ant No. 216, Westphal Heights, and 7oca1 Improvement No. 218, West Orleans Street.
Oa motion of Cninciinre:ber Kimble, seconded by Concilnedmer Bodlovick a resolution was
introduc:-:, "RESOLUTION AUTHORIZING ISSUANCE AND SAL.F of $600,000 GENERAL C)BLIGATICN IMMWFSENT
BONDS, SERIES 1984B" (Resolution No. 7355)
Ayes—Councilnenters Bodlovick, Farrell, Kimble and Mayor Peterson
Nays —None
—$675 000 GENERAL OBLIGATION CORPORATE PURPOSE WNW, SFBIFS 1984, will fund a significant number
of acquisitions and projects for the City. All of this bond issue will be supported by tax levies.
Rr notion of Camcilnenber Farrell, seconded by o nnncilneiter Kimble, a resolution was
introduced, "RFSOUPFION.PROJIDING FOR THE ISSUANCE AND SALE OF $675,000 GENERAL OBLIGATION
CORPORATE PURPOSE BUDS, SERIES 1984". (Resolution No. 7356)
Ayes --Co nciLnerbeis Bodlovick, Farrell, Kimble and Mayor Peterson
Nays —None
ADJCURNMENT
Wi notion of Councilnember Kimble, seconded by Camcilme bar Bodlovick the meeting adjourned
at 5:30 P. M. (all in favor).
Attest:
It4 �-
City Coordinator
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