City Council Meeting Minutes 03/21/05STATION 62
Bids for $3,000,000 in bonds for Fire Station 62 were opened at noon today and staff recommended
the bid be awarded to Citigroup Global Markets, Inc. of Los Angeles, California.
Peters moved Resolution 499.1, a resolution relating to $3,000,000 General Obligation Bonds,
Series 2005; awarding the sale thereof and approving the official statement relating thereto.
The motion was seconded.
Patrick explained that nine bids were received. Citigroup was the lowest bidder with an interest rate
of 3.94% resulting in a net dollar interest cost of $1,062,740.63.
There was no discussion.
The motion carried unanimously upon roll call vote.
This resolution completes the bond process for Fire Station 62.
Peters moved Resolution 4992, a resolution relating to $3,000,000 General Obligation .bonds,
Series 2005; determining the form and details, authorizing the execution and delivery and
levying taxes for the payment thereof. The motion was seconded.
Patrick gave a brief staff report.
There was no discussion.
The motion carried unanimously upon roll call vote.
This ordinance creates a no parking zone on the south side of East California Street between 7th
Avenue East North and Sth Avenue East North. Ordinance 152-8 passed on first reading March 7th
on a five to four vote.
Larson moved second reading of Ordinance 1528, an ordinance to amend Section 1.7-54,
Kalispell City Code, by prohibiting parking on the south side of East California Street between
7th Avenue East North and 8th Avenue East North, and declaring an effective date. The
motion was seconded.
Patrick explained this ordinance was presented at the last meeting and staff was asked to notify
nearby property owners. Patrick said notification has occurred and the issue is back before the
Council this evening. He noted the petition presented by Jerry Snell asks the Council to deny the
Kalispell City Council Minutes
March 21, 2005
Page 8