HomeMy WebLinkAbout1982 11-30 CCM Special Session MINUTES OF THE PROCEEDINGS OF THE CITY COUNCIL
OF THE CITY OF BROOKLYN CENTER IN THE COUNTY
OF HENNEPIN IN THE STATE OF MINNESOTA
SPECIAL SESSION
NOVEMBER 30, 1982
CITY HALL
CALL TO ORDER
The Brooklyn Center City Council met in special session and was called to order
by Mayor Dean Nyquist at 7:05 p.m.
ROLL CALL
Mayor Dean Nyquist, Councilmembers Gene Lhotka, Celia Scott, Bill Hawes, and Rich
Theis. Also present were City Manager Gerald Splinter, Director of Finance Paul
Holmlund, Police Chief James Lindsay, and Administrative Assistant Brad Hoffman.
RESOLUTIONS
RESOLUTION APPROVING BOND SALE
Director of Finance Paul Holmlund reviewed the bond bid opening held on November
30, 1982, following his brief review he introduced Bob Polschar from Springsted,
who gave a background on the bids. He noted that the bids were somewhat high,
but that he attributed it to a number of factors. He noted that there was a rush
to avoid registration of bonds prior to the first of the year and that the volume
of bonds being sold was an all time high. Overall, Mr. Polschar felt that the
market was good compared to the last 100 weeks in the bond market. Following a
brief presentation, Councilmember Theis inquired as to the return on investments
that the City has been receiving. Director of Finance Paul Holmlund replied that
the City has been receiving 10.7 or 10.8 going out to about four years and more
if longer. Following a general discussion of this subject, Mayor Nyquist called
for a vote on the Councilmember Lhotka to authorize the bond sale. Voting in favor:
-Mayor Nyquist, Councilmembers Lhotka, Scott, Hawes, and Theis. Voting against:
none. The motion passed unanimously.
ADJOURNMENT
There was a motion by Councilmember Scott and seconded by Councilmember Theis to
adjourn the meeting. Voting in favor: Mayor Nyquist, Councilmembers Lhotka, Scott,
Hawes, and Theis. Voting against: none. The motion passed unanimously. The
meeting adjourned at 7:27 p.m.
Clerk Mayor
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