1983.05.16 CC Minutes - Laserfiche WebLink

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43 MINUTES OF THE SPECIAL MEETING OF THE HUGO CITY COUNCIL May 16, 1983 The special meeting was called to order by Mayor McAllister at 6:12 P.M. PRESENT: McAllister, Peltier, Schwab Charles Johnson, Howard Kuusisto, and Mr. & Mrs. Doug Kruse ABSENT: Atkinson, Vail MOTION: McAllister made motion, Peltier seconded, that the City Attorney prepare an amendment to the agreement dated December 15, 1981 , between the City of Hugo and Mr. & Mrs. Doug Kruse, whereby Mr. & Mrs. Kruse will assign to the City all vested interest in the bond held by the City of Hugo regarding the Anton system installed on their property. The agreement shall also contain a pro- vision for $1000.00 to be paid to the City of Hugo no later than August 2, 1983, and a payment schedule amortizing the balance of $4,000.00 over a four (4) year period at 81/2% simple interest payable in equal monthly install- ments on or before the 15th day of each month. The original agreement and the amended agreement shall be recorded in Washington County, and the amend- ment shall contain a provision clearly stating that any transfer of ownership shall accelerate the payment of the balance of the principal. The agreement shall contain a provision securing a lien or second mortgage. All aye. Motion Carried. MOTION: McAllister made motion, Schwab seconded, to adjourn at 6:45 PM. All aye. Motion 9xzyd Theodora Peltier, Acting Secretary City of Hugo MINUTES OF THE REGULAR MEETING OF THE HUGO CITY COUNCIL May 16, 1983 The meeting was called to order at 7:01 PM. PRESENT: McAllister, Peltier, Atkinson, Schwab Johnson and Kuusisto ABSENT: Vail 3.0 APPROVAL OF MINUTES MOTION: Peltier made motion, Schwab seconded, to approve the minutes of the Special Meeting of May 16, 1983, as submitted. All aye. Motion Carried. MOTION: Peltier made motion, Schwab seconded, to approve the minutes of the regular meeting of May 16, 1983, as submitted. All aye. Motion Carried.