HomeMy WebLinkAbout07-23-1979 MinutesMINUTES
PASCO CITY COUNCIL
SPECIAL MEETING JULY 23, 1979
CALL TO ORDER:
MEETING CALLED TO ORDER AT 3:00 P.M. BY CHET BAILIE, MAYOR.
ROLL CALL:
By Finance Director. Councilmen present were: S.K. Adams, J.C. Bailie,
Charles Grigg, Ira Schmidt, Gary Clark, E.A. Snider and Bill Wilkins. Also
present were Tom Criscola, Acting City Manager; Dennis De Felice, City Attorney;
Richard Erickson, Director of Parks & Recreation; Mike Vandiver, Chief of Police
and Gary Crutchfield, City Planner. (The City Manager on vacation)
CONSIDERATION OF BIDS FOR $895.000 "LIMITED INTERCITY BRIDGE GENERAL OBLIGATION BONDS:
Bids were opened at 2:00 P.M., July 23, 1979 for the purchase of $895,000
of Councilmanic Bonds. They are as follows:
Marshall and Meyer 6.07669% **
Foster & Marshall 6.11038%
Rainier Bank_, 6.1254%
Seattle First National Bank 6.160903%
Old National Bank 6.245242
Merill Lynch, Pierce, Fenner & Smith 6.392126%
**Staff Recommendation
Mr. Snider moved that recommendation of staff be accepted and to award bid to
Marshall and Meyer for the purchase of $895,000 of Councilmanic Bonds, bearing
an interest rate of 6.07669%. Seconded -by Mr. Adams. Motion carried by roll
call vote of seven (7).
ADJOURNMENT:
S-.ecial meeting adjourned at 8:10 P.M.
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J.C. "Chet" Bailie, Mayor
AT. T:
Eve yn 4Wels, City Clerk
PASSED and APPROVED this (O day of 1979.
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