HomeMy WebLinkAbout081098S CC Min
CITY COUNCIL WORKSHOP SESSION
MONDAY, AUGUST 10, 1998
COMMUNITY BUILDING
3800 UNIVERSITY BLVD.
6:45 P.M.
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The City Council convened in Workshop Session in the Community Building (6104Auden) on
on August 10, 1998, with the following members present: Mayor Fogler presiding, Council
Members Neal and Sparkman. The City Manager, City Secretary, City Attorney, Finance
Director, Fire Chief, Police Chief, Parks and Recreation Director, Public Works Director and
Plant Manager were also present. Council Members Davis and Starich were absent.
AGENDA REVIEW:
The City Council reviewed the regular meeting agenda and discussed items under consideration
with the Staff.
1998 BOND ISSUE UPDATE:
The- City Staff presented an update of the City's bond sale as prepared by the City's fmancial
advisors, Dain Rauscher, Inc.
A motion was made by Council Member Neal, seconded by Council Member Sparkman, to
approve the schedule of events as presented by the City's Financial Advisors and authorize the
Staff to proceed with. the sale of the n~w bonds and with the refmancing, provided that the
present value of the savings realized by the refinance is, at a minimum, 5%.
A vote was taken on the motion with the following result:
Voting Aye: Mayor Fogler, Council Members Neal and Sparkman
Voting Nay: None
Absent: Council Members Davis and Starich
TheCity Council recessed the Workshop Session at 7:30 p.m. to convene in Regular Session.
The Workshop Session reconvened at 8:05 p.m.
1997 COMPREHENSIVE ANNUAL FINANCIAL REPORT:
The City Staff presented a comprehensive report of the City's 1997 Financial.. Statements as
prepared by the audit finn Null-Lairson.
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City Council Workshop Session
August 10, 1998
QUARTERLY REPORT:
The City Staff presented the Quarterly Report.
INOUlRIES. REQUESTS AND COMPLAINTS:
The. City Council reviewed matters received from the public and referred them to the appropriate
department or agreed to place them on a future agenda for consideration or action.
MATTERS RELATED TO THE PURCHASE. EXCHANGE. LEASE OR VALUE OF
REAL PROPERTY:
. The City Attorney briefed the. City Council on the progress of the purchase of the house and two
lots at Colonial Park known as 4120.Byron.
ADJOURNMENT:
With no further business to come before the City Council at this time, a motion was made by
Council Member Neal, seconded by Council Member Sparkman, to adjourn. The workshop
session adjourned at 9:15 p.m.
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