HomeMy WebLinkAboutMinutes - 11/21/1966 - City Council j
REGULAR MEETING
NOVEMBER 21, 1966
The City Council met in regular semi-monthly meeting
with Mayor Doherty presiding. Aldermen present: Bolger, Conway,
Etten, Huck, Jackson, Pitzen, Smith, Wegener. Absent: None.
Motion by Etten, seconded by '9egener, to approve the minutes
of regular meeting held November 7th as read. Motion carried.
Motion by Smith, seconded by Jackson, to open bids on Street
Lighting and Storm Sewer Bonds, $130,000 issue. Motion carried.
The following bids were received:
Coupon
Bidder Rate Premium $ Interest Cost % Interest Cost
Home State Bank of
Crystal Lake 4 1/2%
1968 thru 1971
4 5/8%
1972 thru 1986 $50.00 58,616.65 4.6124592
Channer Newman Sec. Co. 4 5/8%
1968 thru 1986 $156.00 58,620.02 14.6127244
Cuail & Co., Inc. 4 3/4%
1968 thru 1981
4.60,E 1972 thru 1986 $5.00 58,930.00 4.676698
Columbian Securities, Inc.
6°
1968 thru 1971
45/
1972 thru 1975
4 1/2%
1976 thru 1980
45/8%
1981 thru 1986 None 59,632.79 4.6924
McDougal and Condon 5% $269.00 63,272.67 4.97883
Motion by Pitzen, seconded by Conway, to approve the bid of the Home
State Bank and proceed with sale of bonds. Motion carried.
Regular Meeting - November 21, 1966 !#2
Motion by Pitzen, seconded by Jackson, to approve the plat
of Whispering Oaks Unit No. 2 development, subject to review by proper
authorities. Motion carried.
Motion by Conway, seconded by Huck, to pay Buss Ford Sales
$1,850.00 in payment of 1967 Ford Police car. Motion carried. Ck.#4487
Motion by Pitzen, seconded by Bolger, to advertise for
construction bids on Storm Sewer and Street Light improvements, bids
to be received until 11:00 A.M. C.S.T., December 3, 1966 in the office
of the City Clerk. Motion carried.
Motion by Conway, seconded by Smith, to designate the following
monthly salaries, effective Nov. 1, 1966:
Richsrd W. Clark, Chief of Police - 1525.00
Kenneth Espey, Lieutenant of Police - 1490.00
Motion carried.
Motion by Huck, seconded by Smith, to adjourn. Motion carried.
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EARL R. W H, CITY CLERK DONALD P. DOHERTY, MAYOR