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~rl:^IU'Ci? ~i' 'fil,r inI?CTAt al.~;~pTniG
<br />CITY COUi4CT,1,
<br />i,r,r.rL?' r,n~!~~i~n, ~r~a?a,:,o~e~
<br />~'ael< Sti-'eeC
<br />Pur,su,ant Co due c~:Ll ~ind ~ioY.ice thereo[ a spea~ial _ne~ti.ng nE
<br />the Counc,i.',I. oE t'1e Ci.ty oF I,:i.tt.le Canadn, `4:inne oi a aru~s }ield
<br />on ti~~e L^tPi dtly o£ OcCobe~_~, 7.932 ~in Ch~ Counci 1_ C'iambers of
<br />Lhe Ci.ty CanGcr loc,ated ~t 51i i~,t:Clc Cauada 12on1 :i_n sai_e. ~~ity.
<br />oct:o~~e:- 18, 19s2
<br />Tiie ~`aayo~, `~tr. !:aymond Fiamson, cnair~~d Li~e meeti.nn and c~7.l.eci
<br />i.t: tu or~lEr at. S.Oi ~.^i, ,and Che fol.loca~u> membrrs ~oer~~ j~re,ent
<br />at r~,~11. cal.l.:
<br />nr~ L.~'!,;:5 P <~ Si?~'C
<br />.~LSO p;>i?FRN'!':
<br />`tayor
<br />Counci.7.mzn
<br />Counc,iLman
<br />Counci.lwoman
<br />Councilwoman
<br />City AtCOrne~
<br />C;ORSIALC.'LTt~ P[l~~'I.tIC.P.,T
<br />'tecoed~u~, Secr.etar9
<br />i°Dr, ~:aymond Hanson
<br />!9r. ;°ti.c':iael. f~'a'~:inY
<br />?ir. P~nnis For ,bcr~
<br />?4rs, ?4ugs ',iae'd~in:i_ -
<br />~~Kr,. '73evc>r~l.~ ictal.re
<br />yc. 'Chomas 6xocene~
<br />j°fC. ~QT1A1(~ (;ftl"LP.y
<br />tdr,s. "~tn1.ee^ ~'7.anzcr
<br />"[!~c C:ity ACCOrney i.n~orm~d t1~ie~ Oounc~i.l. t'~nC t~~e ;~ond~in;~ cnrny~;any has
<br />pre.,erited two soLut~lons Co thie Ysrl< Str~eC ~i.mprovetnenL mattero
<br />'flie f~i.t'st i_, tl~at 'fransain~ari.ca Zai.LL turn i.h~-~ projec[: b~~k to Chea
<br />C'~ I y ~~I.eh the loco bicl fro;n iZo-So. 'Chey ~a~i.11. tI'ien pay Che Ci.Cy
<br />t.ie cli.ffarence bcCwecn th~ contract pr-ic~~ and what. was bi.d, T:Zat
<br />amotinC :i.e 1^43. 'C4ie C~LCy msouL<l reCairi "Cr3n>a:net~ir_n ces the bondiri„
<br />compan~. ~
<br />'fhe <,;econd sol.ut~i.on ~I_, tliat tha In,n~linp; compam~ ~,rou7.<i Curn the pi.oj~ct
<br />bac'< to the C-i.t;~ +ai_Ch th~ l.oco I'~:i.d from P.o-~Soa 'Phie Ci_Cy ~aou7.d tYten
<br />cnlease [.h~ comnnny from thei.r bond snd fran>amcr.i_c,i ~i.n tarn ~~.~ould
<br />~~iy the !~Cy •;7,500. 'Ch~e Ci.tq woul.d contracC onlf~~ no-So and Po-So
<br />mrould prov:i.de Citeir oc,rn boncl.
<br />'C.u, qteorney stlt.~d t1~~~C C?~e i~ond submiCCed by 'I.i .in>america ~ives
<br />them th~-~ o}>t~i.on oI turni_n; Che proiect bac)c to Che C~i_ty w~.ch n b~i_d.
<br />?trs. -dardinl. asl~ecl if t:ht. was zin error Cnrit the bond cli_d not meet
<br />tlie ,pecs of t=1e joh. '~he AtCOx~ney rep7 ied t1~a~. it ,ras not t~n err.or,
<br />t,~ut thlt t:h~-~ l~on~li_nfl comp,iny us~~c~ ~..C, own~ foirins in sat~i_ch they reser_v~.
<br />a lot of r:i.,;l~ts.
<br />^4rs. Scalie asl<ed ;.f it ~voi,ild be beCt~-~r eo re'la~,e. Translmerica or
<br />1<eep Chem ~s the Sond~fm; comPany,
<br />~-fr. I'orsb<s-, as?ced :i[ the bon~in_o, com~rxny obtai.~~~ocL oi,A~er bi.ds on the
<br />nroject:. 'r}ic ~ttorn~y rc~pi ir,d C.(iat. i.here .oerc i:our oCh~r bidelers~
<br /><~nd t1~at no_So ~vas t:!~ic J.ow ;~i.dde.r.
<br />~~;;e -1-
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