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^ti <br /> • <br /> MINUTES OF THE PROCEEDINGS OF THE HUGO CITY COUNCIL <br /> September 21 , 1981 <br /> The meeting was called to order by Mayor LaValle at 7:02 PM. <br /> PRESENT: LaValle, McAllister, Schletty, Irsfeld <br /> ABSENT: Vail <br /> 3.0 APPROVAL OF MINUTES <br /> MOTION: Irsfeld made motion, seconded by Schletty, to approve the minutes of <br /> September 8, 1981 , as submitted. <br /> VOTING FOR: LaValle, McAllister, Schletty, Irsfeld <br /> MOTION CARRIED <br /> MOTION: Irsfeld made motion, seconded by McAllister, to approve the minutes of <br /> September 17, 1981 , as submitted. <br /> VOTING FOR: LaValle, McAllister, Schletty, Irsfeld <br /> MOTION CARRIED <br /> 4.0 APPROVAL OF CLAIMS <br /> MOTION: McAllister made motion, seconded by Irsfeld, to approve the General Claims <br /> for September 21 , 1981 , as submitted. <br /> VOTING FOR: LaValle, McAllister, Schletty, Irsfeld <br /> MOTION CARRIED <br /> MOTION: Irsfeld made motion, seconded by LaValle, to approve the Utility Claims <br /> for September 21 , 1981 , as submitted. <br /> VOTING FOR: LaValle, McAllister, Schletty, Irsfeld <br /> MOTION CARRIED <br /> 5.0 PETITIONS, REQUESTS, COMMUNICATIONS & LICENSES <br /> 5.1 Bid Opening - Project 8102 (Bonds) <br /> Mr. Bill Fahey, Ehlers & Assoc. , was present with 4 sealed bids for the sale of <br /> general obligation temporary improvement bonds in the amount of $170,000.00. The <br /> bond sale was awarded to the First National Bank of St. Paul with a net interest <br /> cost of $52,819.00 and net interest rate of 10.3566%. <br /> MOTION: LaValle made motion, seconded by McAllister, to adopt RESOLUTION 1981-16, <br /> A RESOLUTION PROVIDING FOR THE ISSUANCE AND SALE OF $170,000 GENERAL <br /> OBLIGATION TEMPORARY IMPROVEMENT BONDS OF 1981 . <br /> VOTING FOR: LaValle, McAllister, Schletty, Irsfeld <br /> MOTION CARRIED <br /> Mr. Fahey stated that he would like to discuss the city's 5-year =-Capital Improvement <br /> Program with the Council sometime this winter. <br />