HomeMy WebLinkAbout1971-07-28 Council Minutes - Special MeetingA G E N D A
SPECIAL MEETING, KENAI CITY COUNCIL
JULY 28, 1971, 8:00 P.M.
A: ROLL CALL
A - 1 Acceptance of bids - $1,000,000 General Purpose General
Obligation Bonds, 1971.
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MINUTES OF KENAI CITY COUNCIL
SPECIAL MEETING
JULY 28, 1971
8:00 P.M. KENAI LIBRARY
ROLL CALL: Members present - Robert Bielefeld, James Doyle,
amen HornadaV, Hugh Malone, and Mayor John Steinbeck.
Members absent - Tru McGrady and Robert Norene.
A - 1 Acce tance of bids - $1 000 000 General Purpose
GGe—n-e—r-MdFl1 gation Bonds,
The administration opened the bids at 10:00 A.M. this
morning. The bids were:
Marshall and Meyer 6.2270
First National Bank of Denver 6.1772
National Bank of Alaska 6.1154
Bank of America 5.8175
The administration recommends accepting the low bid
of Bank of America at 5.8175%
Bielefeld moved and Doyle seconded to adopt Resolution
71-32 - Accepting the bid of Bank of America N.T. $ S.A.
and Merrill, Lynch, Pierce, Fenner, and Smith Incorporated,
Joint Managers and Associates. The motion carried
unanimously by roll call vote.
The clerk was instructed to send a telegram to the Bank
of America accepting the bids.
There will be a Council work session Friday night,
July 30, 1971, at 8:00 P.M. in the City Manager's Office.
The City Manager reminded Council of the public hearing
on the Soldotna sewer outfall Saturday at 2:00 P.M. in the
Little Theatre at the Kenai Central High School
Meeting adjourned 8:50 P.M.
Respectfully submitted,
Sharon Sterling
Acting City Clerk