HomeMy WebLinkAbout11-14-1989RECORD OF OFFICIAL PROCEEDINGS OF THE COMMON COUNCIL
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CITY OF ROCHESTER, MINNESOTA N? 3429
Adjourned Meeting No. 15 - November 14, 1989
Agenda
Item
A-1 President Selby called the meeting to order at 1:00 P.M., the
following members being present: President Selby, Aldermen Bluhm,
McConnell, Solinger, Strain. Absent: Aldermen Canfield and
Hunziker.
E-1 Strain moved, Solinger second to adopt Resolution No. 656-89
awarding the sale of General Obligation Improvement Bonds in the
amount of $4,900,000. to Harris Bank, Bear, Stearns Kidder,
Peabody for $4,835,458.80 with. -the net interest rate of 6.0691.
This is in Chicago, Illinois. It was noted by Public Financial
System, who is the City Bond Counsel for the City that we received
excellent rates and with our AAA bond rate saved considerable
money. Ayes (5), Nays (0).Motion carried.
F-1 An Ordinance annexing 12.85 acres at the NW corner of the Bamber
Valley Road and Mayowood Road was presented for a second reading.
Since the first reading was given on Nov. 6, 1989, the Council
needed to suspend the rules. Strain moved, Bluhm second to
suspend the rules and give this a second reading. Upon roll call
vote, Aldermen Bluhm, McConnell, Soli.nger, Strain and President
Selby voted aye. Ayes (5), Nays (0).Motion carried. The Ordinance
was given its second reading. Strain moved, Bluhm second to
adopt the Ordinance as read. Ayes (5), Nays (0).Motion carried.
Having no further business, Solinger moved, Strain second to
adjourn .the meeting. Ayes (5), Nays (0).Motion carried.
City Clerk