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<br />MINUTES <br />SPECIAL CITY COUNCIL MEETING <br />May 15, 1991 <br />Ciernia called the meeting to order at 5:04 p.m. <br />PRESENT: <br />Ciernia, Gehrz, Jacobs and Wallin. Also present were Hoyt, <br />Chenoweth and Apfelbacher <br />ABSENT: <br />Baldwin <br />SALE OF BONDS FOR 1991 STREET IMPROVEMENT PROJECT <br />Fiscal Consultant Apfelbacher explained that the bids were <br />opened at 11:30 a.m. on May 15, 1991 and presented the bids to <br />Council. Apfelbacher recommended awarding the bid to the low <br />bidder, Piper, Jaffray & Hopwood, Inc. at an interest rate of <br />6.125698% <br />Wallin then moved adoption of Resolution R-91-29 which carried <br />unanimously. <br />RESOLUTION R-91-29 <br />A RESOLUTION RELATING TO $585,000 GENERAL OBLIGATION <br />IMPROVEMENT BONDS, SERIES 1991; AWARDING THE SALE, <br />FIXING THE FORM AND DETAILS AND PROVIDING FOR THE <br />EXECUTION AND DELIVERY THEREOF AND SECURITY THEREFORE <br />AND LEVYING AD VALOREM TAXES FOR THE PAYMENT THEREOF <br />ADJOURNMENT <br />The meeting was adjourned at 5:11 p.m. <br />'=~ ~ ", <br />,~ <br />au C. Ciernia, Ac ing Mayor <br />ATTEST: <br />f/ <br />S i ley C ~~ owe Ci y Cler c~ <br />