HomeMy WebLinkAboutCCM-07-13-81 SpecialMINUTES OF SPECIAL MEETING
OF COMMON COUNCIL
JULY 13, 1981
The meeting of the Common Council was called to order by Mayor Reiman
at 7:30 P.M. on July 13, 1981. Council members Shepherd, Kerr, Walker,
Johnson and McMullen were Present. Also present was Clerk-Treasurer.
Mr. Don McCullough of McCullough and Associates presented a time
schedule for issuing bonds for the financing of the North-South
Interceptor. Mr. McCullouqh stated that we needed to proceed swiftly
because we stood a chance of losing our federal grant if we did not qet
our pnrtion of the financing before September 30, 1981.
Mr. Don Silvey of HNTB gave an explanation of the costs and grants. He
stated we needed a bond issue in the amount of $1,450,000.00.
Mr. McCullough have the Council information on costs and revenues and
stated a rate increase of approximately 30-35% would be needed.
There being no further business to come before the meeting, the same
was duly adjourned at 8:50 P.M.
APPROVED:
ATTEST: