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121 <br /> MINUTES OF THE SPECIAL MEETING OF THE HUGO CITY COUNCIL <br /> November 5, 1984 <br /> The meeting was called to order by Mayor McAllister at 6:30 PM. <br /> PRESENT: Peltier, Atkinson, Schwab, Hauer, McAllister <br /> Bill Fahey, Ehlers & Assoc. <br /> Mayor McAllister stated that the special meeting was called for the opening of bids <br /> for General Obligation Improvements Bonds, in the amount of $295,000, for Lake Air <br /> Estates. All legal requirements for the special meeting have been met. <br /> Mr. Fahey presented the city with six (6) sealed bids, and after opening all, was awarded <br /> to The First National Bank of St. Paul - net interest cost: $220,721 .25 and net interest <br /> rate: 9.3824%. <br /> MOTION: Schwab made motion, Peltier seconded, to adopt RESOLUTION 1984-18, A RESO- <br /> LUTION PROVIDING FOR THE ISSUANCE AND SALE OF $295,000 GENERAL OBLIGATION <br /> IMPROVEMENT BONDS OF 1984, SERIES A, AND LEVYING A TAX FOR THE PAYMENT THEREOF. <br /> All aye. Motion Carried. <br /> MOTION: Peltier made motion, Schwab seconded, to adjourn the special meeting at 6:58 PM. <br /> All aye. Motion Carried. <br /> ArtAL c �� _�Mary eager, City Cl <br /> City o go <br /> The regular meeting was called to order by Mayor McAllister at 7:05 PM. <br /> PRESENT: Peltier, Atkinson, Schwab, Hauer, McAllister <br /> 3.0 APPROVAL OF MINUTES <br /> MOTION: Peltier made motion, Hauer seconded, to approve the minutes of October 15, <br /> 1984, as submitted. <br /> All aye. Motion Carried. <br /> 4.0 APPROVAL OF CLAIMS <br /> MOTION: Peltier made motion, Atkinson seconded, to approve the General Claims for <br /> November 5, 1984, as submitted. <br /> All aye. Motion Carried. <br /> MOTION: Schwab made motion, Peltier seconded, to approve the Utility Claims for <br /> November 5, 1984, as submitted. <br /> All aye. Motion Carried. <br />