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<br /> <br /> <br /> <br />Page Two <br />Special Meeting <br />May 6, 1981 <br /> <br />~ <br /> <br />term bond issue with a balloon payment in 10 years and the 3rd option of <br />the issuance of temporary bonds. <br /> <br />General discussion was carried on regarding the positives and negatives of <br />each option. <br /> <br />COUNCILMAN TOTHMOVED TO ADOPT RESOtUTION 8h.15 ,FOR THE PUBLIC SALE OF <br />$1,065,000 GENERAL OBLIGATION IMPROVEMENT BONDS OF 1981 AS PRESENTED IN <br />OPTION BOFTHERECOMMENDATIONSDATED APRIL 30, 1981. COUNCILMAN SCHULDT <br />SECONDED.THEMOTION. . THE MOTION PASSED 4-0. <br /> <br />COUNCILMAN.DUITSMAN MOVED TO.AUTHORIZE.SPRINGSTED, INC. TO SEEK A <br />BOND RATING FROM MOODY'S INVESTOR SERVICE. COUNCIL~AN TOTH SECONDED THE <br />MOTION~ THE MOTION.PASSED.4-0. <br /> <br />There being no further business, COUNCILMAN. TOTH MOVED THAT THE MEETING BE <br />ADJOURNED. COUNCILMAN DUITSMAN SECONDED THE MOTION. THE MOTION PASSED 4-0. <br /> <br />Respectfully Submitted, <br /> <br />Q~Jk {Jd1~ <br /> <br />Phyllis Boedigheimer <br />Deputy City Clerk/Treasurer <br /> <br />PB : d kk <br />