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HomeMy WebLinkAbout11-14-1989RECORD OF OFFICIAL PROCEEDINGS OF THE COMMON COUNCIL 1 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