HomeMy WebLinkAbout1991/02/25 - ADMIN - Minutes - City Council - Regular MINUTES
SPECIAL CITY COUNCIL MEETING
ST. LOUIS PARK CITY COUNCIL
February 25, 1991
1 . Call to order
M<<yor Hanks called the meeting to order at 7:05 p.m.
2. Roll call
The following commissioners were present at roll call : Bruce Battaglia,
George Haun, Allen Friedman, Larry Mitchell , Jane Tschida and Lyle Hanks.
Also present were the City Manager (Bill Dixon) and Director of Finance
(Harlan Syverson), and bond Counsel (Paul Tietz) .
4. Possible refunding of remaining outstanding bonds of a $20 million 1980
single family residential mortgage revenue bond issue.
The City Manager provided background information on this item.
Mr. Tietz clarified for Council the function of a bond underwriter and a bond
consultant.
Councilmember Friedman felt instead of designating an underwriter, perhaps
the interests of the City would be better served and a savings incurred
by going out for bid.
Mr. Dixon noted that staff's report provided the pros and cons on,' both
the points of view.
It was the consensus that this item be placed on the Feb. 25 City Council
agenda.
The meeting adjourned at 7:30 p.m. f �
Mayor 46
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6/1101±
Rerlording Secretary