HomeMy WebLinkAbout09/07/1988 - Adjourned City Council MeetingADJOURNED REGULAR MEETING OF THE CITY COUNCIL
CITY OF COSTA MESA
SEPTEMBER 7, 1988
The City Council of the City of Costa Mesa, California,
met in adjourned regular session September 7, 1988, at
4:00 p.m., in the fifth floor Conference Roam of City
Hall, 77 Fair Drive, Costa Mesa. The meeting was duly
and regularly ordered adjourned from the regular meeting
of September 6, 1988, and copies of the Notice of
Adjournment were posted as required by law. The meeting
was called to order by the Mayor.
ROLL CALL COUNCIL MEMBERS PRESENT: Hall, Amburgey, Buffa
COUNCIL MEMBERS ABSENT: Wheeler, Hornbuckle
OFFICIALS PRESENT: City Manager, City Attorney,
Public Services Director,
Director of Finance, City
Clerk
BOARD MEMBERS OF NON- Phillip Sullivan; Margaret
PROFIT CORPORATION Reinert; Kenneth Fowler; and
PRESENT: i Vaughn Redding
BOARD MEMBERS 'ABSENT: Nicholas Varzak
PUBLIC HEARING The Clerk announced that this was the time and place set
Victoria Street for the public hearing to consider a bond issue for the
Bonds ` Victoria Street widening project.
Walter. Kreutzen, Vice President, Evensen Dodge, Incor-
porated, 650 Town Center Drive, Suite 1900, Costa Mesa,
referred to his letter, and attachments, dated Septem-
ber 7, 1988, reporting that seven bids were received at
10:00 a.m. today for 1988 Series "A" Bonds to finance
acquisition of property for the project. The lowest net
interest rate of 7.5953% was received frau First Inter-
state
nterstate Bank, Limited.
MOTION A motion was made by Vice Mayor Amburgey, seconded by
Recommended that Council Member Buffa, reccmmending to the Board of
Lowest Bid be Directors of the nonprofit corporation, Costa Mesa City
Accepted; and Hall and Public Safety Facilities, Incorporated, that
Resolution 88-72 they accept the low bid of First Interstate Bank,
Adopted Limited; and adopting Resolution 88-72, being A RESOLU-
TION OF THE CITY COUNCIL OF THE CITY OF COSTA MESA,
CALIFORNIA, APPROVING THE BASE RENTAL PAYMENTS UNDER THE
LEASE AGREEMENT RELATING TO VICTORIA STREET, APPROVING
THE FINANCING ARRANGEMENTS FOR BONDS OF COSTA MESA CITY
HALL AND PUBLIC SAFETY FACILITIES, INCORPORATED, AND
RELATED MATTERS. The motion carried by the following
roll call vote:
AYES: COUNCIL MEMBERS: Hall, Amburgey, Buffa
NOES: COUNCIL MEMBERS: None
ABSENT: COUNCIL MEMBERS: Wheeler, Hornbuckle
ADJOURNMENT The Mayor„declared the meeti g add ned at 4:15 .m.
Ma of the City of Costa sa
Cirty Clerk -of the City of Costa sa