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Home My WebLink About032398R CC Min CITY COUNCIL REGULAR SESSION MONDAY, MARCH 23, 1998 COMMUNITY BUILDING 6104 AUDEN 7:30 P.M. The City Council convened in Regular Session in the Community Bliilding (6104 Auden) on March 23, 1998, with the following members present: Mayor Pro Tem Starich presiding, Council Members Neal and Sparkman. The City Manager, City Secretary, City Attomey,Finance Director and Acting .Police Chief were also present. Mayor Fogler and Council Member Davis were absent. Council Member Neal led the Pledge of Allegiance. RESOLUTION APPROVING BROKER/DEALER AGREEMENT: Consideration was given to Resolution No. 98-08. Mayor Pro Tern Starich read the caption of Resolution No. 98-08 as follows: A RESOLUTION APPROVING BROKERS FROM WHICH THE CITY WOULD PURCHASE INVESTMENTS; AUTHORIZING A LETTER AGREEMENT; AND CONTAINING FINDINGS AND PROVISIONS RELATED TO THE SUBJECT Finance Director Walter Thomas reported that State and City ordinances require that all brokers/dealers that the City purchases securities from must be approved by City Council. Currently there are five approved broker/dealer firms: Raymond James & Assoc., Compass Bank:, Coastal Securities, Merrill Lynch and NBC Capital Markets. Each year the City sends a request for information questionnaire to all broker/dealers that have expressed an intere~t in providing investment services. The City provides each firm a copy of its investment policy, which the firm is required to certify that it has read and understands. Each firm is also required to certify that it will not offerthe City any investments that do not meet the criteria established in the investment policy. Eight broker/dealers responded to the request for information. One of the responses did not include the required certifications so is not submitted for approval. Mr. Thomas stated that the staff reconnnends that the Council approve Resolution 98-08 designating Merrill Lynch; NBC Capital Market Group, Raymond James & Associates, Inc, Coastal Securities, Inc., First Tennessee Bank:, Compass Bank:, and Duncan-Williams, Inc., as broker/dealers that the City may use to execute purchases of investment securities. A motion 'was made by Council Member Sparkman, seconded by Council Member. Neal, to approve Resolution No. 98~08. .1. .iJ,.~ II, , ;";11I,,,.1 ,H.k;;liill.1C . . ..'I-f'lIlIltfl'i1ln"mITfiff City Council Regular Session, March 23, 1998 A vote was taken on the' motion with the following result: Voting Aye: Mayor Pro Tem Starich, Council Members Neal and Sparkman Voting Nay: None Absent: Mayor Fogler and Council Member Davis ORDINANCE DESIGNATING AND NAMING PRIVATE STREET: Consideration was given to the first reading of Ordinance No. 1589. Mayor Pro Tem Starich read the caption of Ordinance No. 1589 as follows: AN ORD~ANCE APPROVING, DESIGNATING AND NAMING APRIV ATE STREET AND CONTAINING FINDINGS AND PROVISIONS RELATED TO THE SUBJECT Copies of Ordinance .No. 1589, in the form proposed for adoption, were available in the Community Building. City Attorney Jim Dougherty stated that Ordinance No. 1589 would name a private street "Annapolis Court" and authorize the traffic control officer to place an official street name sign at the intersections. A motion was made by Council Member. Neal, seconded by Council Member Sparkman, to adopt Ordinance No. 1589 on the first reading. A vote was taken on the motion with the following result: Voting Aye: Voting Nay: Absent: Mayor Pro Tern Starich, Council Members Neal and Sparkman None Mayor Fogler and Council Member Davis . PURCHASE OF POLICEVEIDCLES: Consideration was given to' the purchase ofthree new police vehicles using the City's state purchasingcoIltract in the amount of $69,319. Acting Police Chief Gary Brye reported that the police department is currently using a 1989 Chevy Blazer with over 81,000 miles as an unmarked detective and D.A.R.E. vehicle. The department also uses two vehicles purchased in 1995 to patrol the City. One has over 66,000 2 City Council Regular Session, March 23, 1998 miles and the other over 56,000, and both. are expected to incur approximately 4,000 to 5,000 miles prior to delivery of replacement vehicles. Based on the mileage and year model of all three vehicles, funds were budgeted to replace them with a police Crown Victoria patrol car, police Chevy Tahoe traffic vehicle, and a police Jeep Cherokee detective/D.A.R.E. vehicle. The 1998 Budget includes $79,000 for this expenditure. In lieu of soliciting bids, the Staff recommended that the vehicles be purchased using the City's state purchasing contract for a total cost of$69,319. A motion was made by Council Member Sparkman, seconded by Council Member Neal, to authorize the purchase of three new police vehicles using the City's state purchasing contract for an amount totaling $69,319. A vote was taken on the motion with the following result: Voting Aye: VotingNay: Absent: Mayor Pro Tem Starich, Council Members Neal and Sparkman None Mayor Fogler and Council Member Davis CITY COUNCIL MINUTES: Consideration was given to the minutes of the following City Council meetings: (a) Workshop Session conducted on March 9, 1998 (b) Regular Session conducted on March 9, 1998 A motion was made by Council. Member Neal, seconded by Council Member.. Sparkman, to approve the minutes as presented. A vote was taken on the motion with the following result: Voting Aye: Voting Nay: Absent: Mayor Pro Tem Starich, Council Members Neal and Sparkman None Mayor Fogler and Council Member Davis 3 ~=....".., . '.I'rlImlll',lr.'rnmff'Y.'P--~ City Council Regular Session, March 23, 1998 STAFF REPORT: City Manager Sherman Yehl reported that.the special garbage collection program was now in effect. Approximately fifteen or twenty collections had been made over the past two weekends. He suggested making the elderly aware that the city win provide a special service' for them if needed. COUNCIL COMMENTS: Council Member Sparkman commented that she enjoyed a historical tour of the Pemberton addition last weekend. Council Member Neal asked if.the staff was preparing an amendment to the dog ordinance for the Council's consideration. She also commented that she twisted her ankle on a sidewalk in WU. Mayor Pro Tem Starich suggested that the police department offer a reflective vest or'armband to runners intheCity. ADJOURNMENT: With no further business to come before the City Council at this time, a motion was made by Council Member Sparkman, seconded by Council MemberNeal, to adjourn. The regular Session adjourned at 7:52p.m. 4 ,,,,,,,,,,,. ,"~b',"i'.tlllllillll__ -~~--:-C-C~~'rmf'lTlIllFnllm'f'rr'-------