Minutes - 05/24/1994 Spec Mtg
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SPECIAL COUNCil MEETING MINUTES
May 24, 1 994
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QQQ.l DATE. COUNCil CHAMBERS, CITY HAll, CITY OF WOODBURN, COUNTY
OF MARION, STATE OF OREGON, MAY 24, 1994.
0003 CONVENED. The Council met in a special meeting at 12:33 p.m. with Council
President Jennings presiding.
0008 ROll CAll.
Mayor
Councilor
Councilor
Councilor
Councilor
Councilor
Councilor
Kelley
Figley
Galvin
Hagenauer
Jennings
Mitchell
Sifuentez
Absent
Absent
Present
Present
Present
Absent
Present
Staff Present:
City Administrator Childs, City Attorney Shields, Finance Director Gi'itta, Park
& Recreation Director Holly, City Recorder Tennant
QQ2.1 REVIEW OF BIDS -- SWIMMING POOL BOND ISSUE.
Bids were submitted from the following financial companies (bids listed at true
interest cost): Dain Bosworth, 5.3888756%; Ragen, MacKenzie, Inc.,
5.440130%; U.S. National Bank, 5.473457%; First Interstate Bank,
5.83700%; Piper, Jaffray, 5.5509213%; Smith Barney, 5.552800%; Merrill
Lynch & Co., 5.555845%; Kemper Securities, Inc., 5.604000%; and A.G.
Edwards & Sons, 5.694515%.
Finance Director Gritta briefly reviewed the bids and recommended that the bid
be awarded to Oain Bosworth on the basis of the lowest true interest cost.
~ COUNCIL BilL 1548 - RESOLUTION ACCEPTING A BID FOR THE PURCHASE
OF GENERAL OBLIGATION BOND. SERIES 1994. DIRECTING DELIVERY AND
SALE THEREOF.
Council Bill 1548 was introduced by Councilor Sifuentez. Recorder Tennant
read the bill by title only since there were no objections from the Council. On
roll call vote for final passage, the bill passed unanimously. Council President
Jennings declared Council Bill 1548 duly passed.
Page 1 - Special Council Meeting Minutes, May 24, 1994
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SPECIAL COUNCIL MEETING MINUTES
May 24, 1994
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READING
0126 ADJOURNMENT.
SIFUENTEZ/GAlVIN.... meeting be adjourned. The motion passed
unanimously. The meeting adjourned at 12:40 p.m..
~ ~PP~~VED
N KEllEY, MA
ATTEST~ I~
Mary T ant, Recorder
City of Woodburn, Oregon
Page 2 - Special Council Meeting Minutes, May 24, 1994
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