HomeMy WebLinkAbout1980-04-14 (Special) Meeting Minutes [1]SPECIAL CALL :
COUNCIL CHAMBERS
CITY OF ENGLEWOOD, COLORADO
April 14, 1980
The City Council of the City of Englewood, Arapahoe I
County, Colorado, met in special call session on April 14, 1980,
at 7:00 p.m.
Mayor Otis, presiding, called the meeting to order.
The invocation was given by Council Member Fitzpatrick.
The pledge of allegiance was led by Mayor Otis.
Mayor Otis asked for roll call. Upon a call of the
roll, the following were present:
Council Members Higday, Neal, Fitzpatrick, Keena,
Bilo, Bradshaw, Otis.
Absent: None.
The Mayor declared a quorum present.
* * * * * *
Also present were: City Manager Mccown
Assistant City Manager Curnes
City Attorney Berardini
Director of Finance/ex officio
City Clerk-Treasurer Higbee
Deputy City Clerk Johannisson
* * * * * *
Mayor Otis stated the purpsoe of the meeting was to con-
sider a resolution authorizing the substitution of government se-
curities.
Deirector of Finacne Higbee appeared before Council
and presented the resolution relating to sewer refunding bonds.
Steve Bell, Hanifen, Imhoff, & Samford, Inc., appeared
before Council. Mr. Bell discussed the resolution and outlined
a way to save City money.
RESOLUTION NO. 12
SERIES OF L980
A RESOLUTION AUTHORIZING THE SUBSTITUTION OF GOVERNMENT SECURITIES
HELD IN THE FIRST NATIONAL BANK OF ENGLEWOOD, COLORADO, DEPOSITIED
April 14, 1980
Page 2
IN AN ESCROW ACCOUNT PURSUANT TO AN ESCROW AGREEMENT BETWEEN THE
CITY OF ENGLEWOOD AND THE BANK IN CONNECTION WITH AN ADVANCED RE-
FUNDING OF THE CITY'S SEWER REVENUE BONDS, SERIES 1975, DATED
MARCH 1, 1975; AUTHORIZING THE SUBSTITUTION OF UNITED STATES
GOVERNMENT SECURITIES IN SAID ESCROW ACCOUNT AND PROVIDING OTHER
DETAILS IN CONNECTION THEREWITH.
COUNCIL MEMBER BRADSHAW MOVED TO PASS RESOLUTION NO. 12,
SERIES OF 1980. Council Member Keena seconded the motion. Upon a
call of the roll, the vote resulted as follows:
7:30 p.m.
Ayes:
Nays:
Council Members Higday, Neal, Fitzpatrick,
Keena, Bilo, Bradshaw, Otis.
None.
'lbe Mayor declared the motion carried.
* * * * * *
COUNCIL MEMBER HIGDAY MOVED TO ADJOURN.
Mayor Otis adjourned the meeting without a vote at
/s/ Eric E. Johannisson
Deputy City Clerk