02a. Council Minutes - Regular Meeting - June 3, 1996A SPECIAL MEETING OF THE KALISPELL CITY COUNCIL WAS HELD AT NOON ON
TUESDAY, JUNE 11, 1996, IN THE COUNCIL CHAMBERS AT CITY HALL IN
KALISPELL, MONTANA. COUNCIL PRESIDENT GARY NYSTUL PRESIDED.
COUNCIL MEMBERS JIM ATKINSON, CLIFF COLLINS, NORBERT DONAHUE, DALE
HAARR, PAM KENNEDY, DUANE LARSON, CITY ATTORNEY GLEN NEIER AND
INTERIM CITY MANAGER AL THELEN WERE PRESENT. GRANMO AND MAYOR
RAUTHE WERE ABSENT.
Council President Gary Nystul called the meeting to order and led
the Pledge of Allegiance.
AGENDA APPROVAL
Kennedy moved to approve the agenda.
The motion carried upon vote.
ADDRESSING THE COUNCIL
No one addressed the Council.
The motion was seconded.
lut,lan 4272-Award the--Saleof Water Svstem Revenue Bonds
Bridget Ekstrom from D.A. Davidson explained the bid opening and
award procedure.
Bids were received on the $1,060,000 water revenue bonds until
12:00 on June 11, 1996. Four bids were received as follows:
Bidders Total Dollar Interest Cost Net Interest Rate
D.A. Davidson $530,259.44 5.5367%
Piper Jaffray, Inc. $534,874.08 5.5849%
Edward D. Jones
Dain Bosworth $545,102.67 5.691723%
Ekstrom left to call Kreg Jones to verify the bids.
It was decided to act on the other agenda items.
BUSINESS FROM MANAGER
Hunter -Final Plat
The preliminary plat for this 2 lot subdivision located on 4th
Avenue West in Kalispell was approved on March 9, 1996. Mr. Hunter
is anxious to proceed with the project and needs this final
approval in order to meet financing requirements. The final plat
has been submitted in compliance with the conditions of the
preliminary plat and we recommend a motion to approve final plat
action.
Kennedy moved to approve the final plat for the Hunter subdivision
1 & 2. The motion was seconded.
With a vote the motion carried.
City Mana eg r Contract
The contract with Clarence Krepps regarding the acceptance of the
city manager position in Kalispell is ready for final action.
There was discussion.
Larson moved approval of the city manager contract with Clarence
Krepps approval by this Council and authorize the mayor to sign.
The motion was seconded.
The motion carried unanimously upon vote.
Regglution 4272-Awardthg Sale of Water ste ev u5!2nds
continued
Ekstrom returned verifying D.A. Davidson as the low bidder of
$530,259.44 and net interest rate 5.5367%.
Kennedy moved Resolution 4272, a resolution relating to $1,060,000
Water System Revenue Bonds, Series 1996: awarding the sale thereof
to D.A. Davidson as the low bidder of $530,259.44 and net interest
rate 5.5367% and approving certain matters with respect thereto.
The motion was seconded.
With a roll call vote the motion carried with Atkinson, Collins,
Donahue, Haarr, Kennedy, Larson and Nystul voting in favor.
BUSINESS FROM MAYOR & COUNCIL
None
STAFF REPORTS
Next Regular Meeting June 17, 1996 7:00 p.m.
Next Work Session June 24, 1996 7:00 p.m.
ADJOURN
The meeting was adjourned at 12:27 p.m.
Douglas D. Rauthe, Mayor
ATTEST:
Debbie Gifford, CMC
Clerk of Council