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HomeMy WebLinkAboutCCM-04-18-83MINUTES OF THE CITY COUNCIL MEETING APRIL 18, 1983 The meeting of the City Council was called to order by Mayor Reiman at 7:30 P.M. on April 18, 1983. Council members Garretson, Fleming, Kerr, Walker and McMullen were present. Also present has City Attorney, Dave Coots and Clerk-Treasurer repre sentative, Marilyn Martin. Invocation was given by Mrs. Kerr followed by the Pledge of Allegiance. Mr. Johnson and Mr. Shepherd arrived at this time. Mrs. Kerr made a motion to approve the minutes of the March 21st meeting. Motion seconded by Mr. Garretson and passed unanimously. Old Business Ordinance D-369 - Refunding Bond Issue Delta Faucet - Mr. Doug Floyd gave an explanation on a Resolution approved by the EDC on April 11th regarding refund of financing of Delta Faucet facilities. He stated that the projections of the application 3 years ago have been fairly accurate. They now project additional growth of staff and personnel over the next 5 years. The terms of the original financing was for 3 years which matures April 2~, 1983. The four banks that purchased the original bonds, one in California, two in Detroit and INB have agreed to purchase new bonds for a 7 year term on the balance of what was originally intended as a 10 year financing at a rate of ~ of 1 point over where the rates were 3 years ago. Mr. Garretson made a motion to suspend the rules and act on Ordinance D-369 this evening. Motion seconded by Mrs. Kerr and passed unanimously. Vote was taken on Ordinance D-369 which passed unanimously. Janus Developmental Services - Request for Revenue Sharing Funds - Mr. Steve Ingram, from Janus, explained reasons for requesting Revenue Sharing Funds in the amount of $14,000 for a van to transport Carmel clients to facilities in Noblesville (Phase I) and to establish a sheltered workshop and training center in Carmel with additional funding (Phase II) Discussion ensued. It was the consensus of the Council to put this request on hold till budget-making time this summer to be considered with other Revenue Sharing requests. Horizon Communication Inc. - Request for Extension of Construction Time - Mr. Charles Hoftey of Horizon Communication Inc., came before the Council requesting a 30-day extension of construction time to June 1 because of bad weather conditions that caused a delay in the installation of the cable. Discussion ensued. Mr. Walker stated that he did not think the delay was the City's fault and the weather should have been considered when making the deadline. Mr. Johnson stated the chairman of the committee called and asked him to advise the Council that they would favor a 30-day extension only. Mr. Garretson made a motion that the Council grant an extension up to June 1, 1983, to complete the provisions of the franchise agreement. Motion seconded by Mrs. McMullen and passed 6- 1, Mr. Walker voting nay. Indiana Transportation Museum - Mr. Fleming asked that this item be tabled until the next meeting. There being no further business to come before the meeting. the same was duly adjourned at 8:30 P.M. APPROVED ATTEST