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Home My WebLink About1979-04-17 CorrespondenceD COMPLETE DESCRIPTION OF COUNCIL ACTIVITIES APRIL 17, 1979 1:00 P.M. Iowa City Council, adjourned session, 4/17/79, 1:00 P.M. at Civic Center. Councilmembers present: Balmer, Erdahl, Neuhauser, Roberts, Vevera. Absent: deProsse, Perret. Mayor Vevera presiding. Minutes tape-recorded on Reel 79-9, Side 2, 2260-2460. Bond consultants Paul Speer & Lawrence Rimmer from Paul Speer & Associates, Chicago, were present. Staffinembers present: City Clerk Abbie Stolfus. or VeVera pened e meting ysale of$5,500,000ogeneral hobligation fbonds. or the pConsultant Speeose of r advisedt of bidsthat sfor ix sealed bids were received and not opened. Mayor Vevera called for oral bids. There were none. Oral bidding was closed. Sealed bids were opened and read as follows: Company Address Net Interest Rate Continental Illinois National Bank and Trust Company of Chicago and Bache Halsey Stuart Shields, Inc. and Associates; Chicago The First National Bank of Chicago and Dean 5.365698% Witter Reynolds, Inc. and Associates; Chicago 5.4043% Harris Trust and Savings Bank and Iowa - Des Moines National Bank and Associates; Chicago Morgan Guaranty Trust Company of New York 5.4002% and Salomon Brothers; New York 5.4098% The Northern Trust Company and Merrill Lynch White Weld Capital Markets Group and Associates; Chicago 5.40656% United California Bank & Carleton D. Beh Co. and Associates; Los Angeles 5.319828% Consultant Paul Speer recommended award of the bid to United California Bank, Carleton D. Beh Co. and Associates at a net interest rate of 5.319828%. Moved by Neuhauser, seconded by Balmer, to adopt RES. 79-155, Bk. 55, pp. 543- 545, DIRECTING SALE OF $5,500,000 GENERAL OBLIGATION BONDS to United California Bank, Carleton D. Beh Co. & Associates at a net interest rate of 5.319828%. Affirmative roll call vote unanimous, 5/0, deProsse & Perret absent. Moved by Balmer, seconded by Neuhauser, to return the checks of the unsuccessful bidders. Motion carried unanimously, 5/0. Moved by Balmer, seconded by Neuhauser, to adjourn the meeting, 1:30 P.M. Motion carried unanimously, 5/0. ABBIE STOLFUS, AJM6K ROBERT A VEVERA, MAYOR MICROFILMED BY JORM MICROLAB CEDAR RAPIDS -DES 11011JES ygde Ik y CiG-3-1-79 L VAdPLETE' & RETURN TO ?AR- HAYNIE CERTIFICATE STATE OF IOWA ) ) SS. COUNTY OF 1701INSnN ) I, the undersigned City Clerk of Iowa City , Iowa, do hereby certify that attached is a true and complete copy of the portion of the corporate records of said Municipality showing proceedings of the Council, and the same is a true and complete copy of the action taken by said Council with respect to said matter at the meeting held on the date indicated in the attachment, which proceedings remain in full force and effect, and have not been amended or rescinded in any way; that meeting and all action thereat was duly e publicly held in accordance with a notice of meeting and tentative agenda, a copy of which was timely served on eac member of the Council and posted on a bulletin board or other prominent place easily accessible to the public and clearly designated for that purpose at the principal offic of the Council (a copy of the face sheet of said agenda being attached hereto) pursuant to the local rules of the Council and the provisions of Chapter 28A, Code of Iowa, upon reasonable advance notice to the public and media at least twenty-four hours prior to the commencement of the meeting as required by said law and with members of the public present in attendance; I further certify that the individuals named therein were on the date thereof duly ar lawfully possessed of their respective city offices as indicated therein, that no council vacancy existed except may be stated in said proceedings, and that no controversy or litigation is pending, prayed or threatened involving t incorporation, organization, existence or boundaries of tt City or the right of the individuals named therein as off! to their respective positions. WITNESS my hand and the seal of said Municipality hereto affixed this 18th day of Anil7 19 79 . SEAL Clerk of the City Iowa City AHLERS. GOONEY. DORWEILEn. HAYNIE A SMITH. LAWYERS. DCS MOINES. IOWA MICROFILMED BY JORM MICROLAB CEDAR RAPIDS -DES 140INES '1 1"1 April 17 1979 The Council of the City of Iowa City, Iowa, met in adjourned session, in the Council Chambers at the Civic Center, 410 Bast Washington Street, Iowa City, Iowa, at 1:00 o'clock p .M., on the above date. There were present Mayor Robert Vevera , in the chair, and the following named council— Members: John Balmer, Clemens Erdahl Mary Neuhauser Glenn Roberts Absent: Carol deProsse, David Perret I i i I I i r _I I 1 ANLEAS. COONEY. DORWEILER. HAYNIE A SMITH. LAWYERS. DES MOINES. IOWA I` r - MICROFILMED BY JORM MICROLAB CEDAR RAPIDS•DES 1401NES (This Notice to be posted) NOTICE AND CALL OF PUBLIC MEETING Governmental Body: The City Council of Iowa City, Iowa. Date of Meeting: April 17, 1979 Time of Meeting: 1:00 P.M. Place of Meeting: Council Chambers, Civic Center, 410 East Washington Street, Iowa City, Iowa. PUBLIC NOTICE IS HEREBY GIVEN that the above mentioned governmental body will meet at the date, time and place above set out. The tentative agenda for said meeting is as follows: $5,500,000 General Obligation Bonds. - Resolution directing sale. Such additional matters as are set forth on the addi- tional --/-pages(s) attached hereto. (number) This notice is given at the direction of the Mayor pur- suant to Chapter 28A, Code of Iowa, and the local rules of said governmental body. DD City Clerk, Iowa/City, Iowa AHLERS. COONEY. DORWEILER. HAYNIEa SMITH. LAWYERS, DES MOINES, IOWA MICROFILMED BY JORM MICROLAB CEDAR RAPIDS -DES MOINES