06-05-1993 - Special
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CITY COUNCIL OF EDGEWATER
SPECIAL MEETING
JUNE 5, 1993
7:00 P.M.
COMMUNITY CENTER
MINUTES
Mayor Jack Hayman called a Special Meeting of the city council to
order at 5:30 p.m. in the Community Center
ROLL CALL
Mayor Jack Hayman
Councilman Kirk Jones
Councilwoman Louise Martin
Councilman Michael Hays
Councilman David Mitchum
City Manager George McMahon
City Attorney Krista Storey
City Clerk Susan Wadsworth
Police Chief Lawrence Schumaker
Police Lieutenant Bucky McEver
Present
Present
Present
Excused
Present
Present
Present
Present
Excused
Arrived 5:58 p.m.
Mayor Hayman explained the purpose of the meeting is to hear a
proposal and report regarding the resolution for refunding the
1991 series water and sewer revenue bonds.
Finance Director Fred Munoz gave a short presentation at this
time.
John Vodnicker, Ernst & Young, gave a report on the refunding of
the 1991 Series Water & Sewer Revenue Bonds and the savings for
the City. He recommended Council proceed with approving the
resolution.
John Gullahon, A. G. Edwards, gave a presentation on the rates
and savings.
Attorney Dan Livermore explained the resolutions being presented
to Council.
Res. 93-R-10 - A resolution providinq for the refundinq of a
portion of the outstandinq Water and Sewer Revenue Bonds, Series
1991.
Councilman Jones made a motion to accept Resolution 93-R-10,
seconded by Councilwoman Martin. The motion CARRIED 4-0.
Mayor Hayman read Resolution 93-R-10.
Res. 93-R-11 - A resolution awarding $12,460,000 Water and Sewer
Revenue Refundinq Bonds, Series 1993.
Mayor Hayman read Resolution 93-R-11.
Councilman Mitchum made a motion to accept Resolution 93-R-11,
seconded by Councilwoman Martin. The motion CARRIED 4-0.
Council thanked the gentlemen and staff for helping the city.
ADJOURNMENT
Councilwoman Martin made a motion to adjourn, seconded by
Councilman Jones. The meeting adjourned at 6:02 p.m.
Minutes submitted by:
Lisa Kruckmeyer