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Mr. Childs agreed that was not the same as in today's insurance market where <br /> the City pays $1 per $100 in sales for the off-sale operation but $7 per $100 <br /> • for the same sales in the on-sale stores. <br /> Motion by Ranallo, seconded by Enrooth to adopt the resolution which authorizes <br /> the sale of $1 ,210,000 in liquor store revenue bonds to finance the construction, <br /> remodeling, and equipping of the Stonehouse bar and liquor store facilities with <br /> the sale to be held at 7:00 P.M. November 10, 1986, prior to the scheduled Council <br /> meeting at 7:30 P.M. the same evening. <br /> RESOLUTION 86-034 <br /> A RESOLU.T'1O.N-1>AUTHO.R'I ZING i�T'S'SUANCE AND <br /> SALE OF $ 1 , 210 , 000 LIQUOR STORE <br /> REVENUE BONDS , SERIES 1986 <br /> Mot.ion _carried unanimously. <br /> Before leaving the bond consultant reminded the Council members that if they <br /> decided not to issue the bonds they would nevertheless be obliged to pay out <br /> about $100,000 in fees to the architect and Springsted, and he therefore urged <br /> them to let his firm know about any such decision by the 28th so additional expense <br /> of printing the bonds could be avoided. <br /> Personnel Ordinance Decision Deferred <br /> for Attorney ' s opinion <br /> The second reading of Ordinance 1986-007 was deferred for additional information <br /> • from the City Attorney. <br /> Adjournment <br /> Motion by Enrooth, seconded by Marks to adjourn the meeting at 9:05 P.M. <br /> Motion carried unanimously. <br /> Respectfully submitted, <br /> Helen Crowe, Secretary <br /> Ma ?orr <br /> ATTEST: <br /> City Clerk <br /> • <br /> cjk <br />