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~ flNtl'CtsS
<br />Cit:y Counci.].
<br />Nov. l4, 1.984.
<br />73ond Sale
<br />Charles
<br />Flcl~li.tion
<br />Agenda
<br />:[tem ~!o. "Li
<br />T1r.Pr,~ad Parnharn oP ,7uran "~ D4c>odq a~peared before the Counctl wtth
<br />regard t:o the l~ond s,al.e ,for "[mprovement No. ti3-19, Charles F~dd:i.tior~.
<br />;6r. Furnh~un presenced, the Councfl wi.th the det~zil.s of Che s<il e and
<br />reported that the net effee[~i.ve ~i.nCerest rate i.s b~ici at: 9./45%.
<br />Mr. !~tanson point:ed out that the assessment for t:hi.s ~Lmnrovement i.s
<br />a 100% assessment, ~
<br />~4r. Tarnh~im presentecl Che Coi.mcil the cas;~ f7.ocv ~n tl~e bond ~nd
<br />explained the delail,.
<br />hlr, l~eirnham reporCed Chat the Cracling departm~nt of Juran c~ rQoody i.s
<br />Che onl.y bidder on Che boncl, Jurar~i 2nd i`7ood~ is submi.CCing a negot:i.ater.l
<br />bi.d. 'Cl~ie bi.d i.s based on markeC bi.cl, over Che l.ast: f:ea day,.
<br />~~trs. ~ardini. aslcerl if the. bond was too sma11 t:o se~11 pub].:icnlly.
<br />iir. ~6'arnPiam repli.ect t:hat ;iC cvould be too ~xpensi.ve to sell. t:he bond
<br />pi.iblically, Parnham presented the Counci.l a listing of sale> Ctiat.
<br />orer~ made s~i_nae the first of Che month.
<br />Mr. Fatley askecl Che rating on the bond< P4r. Farnharn explained t:haC
<br />as ~it ~aoul.d co,C about ~1,200 Lor a rFitt.ng, ~it was f:e1t: Ch~t Chis
<br />would t~c a o~aste of money i_n this i.nstance<
<br />Mr. Pahey introducecl the following resolution ~~nd moved it, adopCion:
<br />StP_SOLUTION N0. 84-i'L-506 - ACC€:PTING 'CHIS
<br />13ID OI' JURAN & ~400DY, ~L~C. ;•IITH 'LkII:', N7?T
<br />]?l~P~?C'CTV!? I?I'Ci;REST t:A1'ii 017 9,45 P};P.Ct?DIT
<br />Ai~1D AU'i,'HORIZ7:t~](, Ttl`Z ~1F.YqIZ AND GI'CY CI,P•,RK TO
<br />SIG\ 'CFII': COiJT'I;ACI' FO?Z 'CNii SAI `? OP I'IIE P,OAIDS
<br />`~OR IMP. ~f0. 83-19 rilF~li(.,P;S ADD1'i'IOV S(!i3J;iC!'
<br />TO T!{F, t1YPROVnI, ~F TiIIs CITY Al"I'0;?C~~fiY
<br />'Che Lore~oing r~sol.uti.on was duly seconded by ~1r,. Nardi.ni.,
<br />Ayes (4~) }~~1~iey, Nardin-i., Flanson, Scal.ze.
<br />Na~es (0).
<br />Pesolution decLared adopted.
<br />'Chi, rasol.uti.on appears ~in Resol~.ition 13001< No< 11., Paoe 519.
<br />Mr, Pahey intsoduced Che foll.ocvi.np, resoluti_on and moved its adopt:i.on:
<br />7:F;S~I,U'I'IODI i~IO. 84-7.1.-j07 - PROV7DII~7G
<br />FOR T1~I,P, LSSJAVCE; AND SALL^', 0'P d105,000
<br />Gi?NF,RAi, 0';I.,7:GA'i'IO~I I~iPROVF~~O?\'I' I30NDS
<br />qr ~198q
<br />'Che tore~oin~; resolut:i.on wds d~.i1y seconded by C~(rs. Mard.i.ni.
<br />Ayes (4) Pahe~, h~arcli.ni, ftrinson, Scal.ze.
<br />Nayes (0), Res~luC:i.on declared adopted,
<br />Thi_s ecso7.iiCion appears in Resolution TSoolc No. 17., Pages 5?_0 through 537.
<br />Pa€~~'- -~--
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