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City Council meeting of May 4, 1998 <br />Page 4 <br />Miron made motion, Leroux seconded, to approve the plans and specs for the new Fire Hall, <br />and authorize advertisement for receipt of construction bids. <br />All aye. Motion Carried. <br />PUBLIC IMPROVEMENT BONDS <br />Mr. Fifield presented the Council bids received for the sale of $985,000 in GO temporary <br />improvement bonds to be used in the construction of Fenway Boulevard and Fenway Avenue. <br />The low bid was awarded to <br />Goiffon made motion, Barnes seconded, to adopt RESOLUTION, 1998-16, A RESOLUTION <br />ACCEPTING PROPOSAL ON SALE OF $985,000 GO TEMPORARY IMPROVEMENT <br />BONDS, SERIES 1998B, PROVIDING FOR THEIR ISSUANCE, AND PLEDGING FOR <br />THE SECURITY THEREOF SPECIAL ASSESSMENTS. <br />VOTING AYE: Arcand, Barnes, Goiffon, Leroux, Miron <br />Motion Carried. <br />T1F BOND <br />Mr. Field also presented the Council with the bids received for the sale of $1,825,000 of <br />taxable GO temporary tax increment bonds to be used in the purchase of the Roy Molitor <br />property and improvements in the Bald Eagle Industrial Park. The low bid was awarded to <br />Leroux made motion, Goiffon seconded, to adopt RESOLUTION 1998-17, A RESOLUTION <br />ACCEPTING PROPOSAL ON THE SALE OF $1,825,000 TAXABLE GO TEMPORARY <br />TAX INCREMENT BONDS, SERIES 1998C, PROVIDING FOR THEIR ISSUANCE, AND <br />PLEDGING FOR THE SECURITY THEREOF TAX INCREMENTS. <br />VOTING AYE: Arcand, Barnes, Goiffon, Leroux, Miron <br />Motion Carried. <br />EDA RESOLUTION <br />Mr. Fifield presented the Council with a resolution scheduling a hearing date to consider <br />establishing the City Council as an Economic Development Authority for the City. <br />Miron made motion, Barnes seconded, to adopt RESOLUTION 1998-18, A RESOLUTION <br />CALLING FOR PUBLIC HEARING ON THE CREATION OF AN ECONOMIC <br />DEVELOPMENT AUTHORITY ON JUNE 1, 1998, AT 7: IOPM. <br />VOTING AYE: Arcand, Barnes, Goiffon, Leroux, Miron <br />Motion Carried. <br />