HomeMy WebLinkAbout05/19/1975 Special Meeting ,r,75
MAY 19, 1975
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SPECIAL MEETING - 3:00 P.M. - MAY 19, 1975
The City Council met in special session on this date at 3:00
P.M. in the Council Chambers at Yakima City Hall to review
and award the bid for purchase of the City's issue of $600,000
. Limited Tax Levy General Obligation Bonds for a Bicentennial
Pavilion Convention Center.
Councilmen present at the meeting were Mayor Bert Broad,
Wray Brown, Betty L. Edmondson, Dick Jarms, W. K. "Pete"
Moore, Don Schussler and Dr. Bill Simmons.AlSo present was City
Manager McMicken.
Mr. Steve Norman of Foster and Marshall, gave a review of
the four bond bids received and considered at 11:00 a.m.
cp_this date, as outlined by the Bid Summary made available
to Councilmen. The four bids were submitted by Rainier National
Bank, Bank of Yakima, Seattle First National Bank and Pacific
National Bank. He reported that the Rainier bid showed the
lowest rate of interest at 6.687.4 percent. He-recomfilended
the bid:beawarded_tORainier National Bank. It was MOVED
by Schussler, 'seconded by Brown that the issue of bonds be
awarded to Rainier National Bank at 6.687.4 percent interest:
carried, Broad, Brown, Edmondson, Jarms, Moore, Schussler
and Simmons voting aye by voice vote.
There being no further business to come before the Council,
it was MOVED by Simmons, seconded by Moore that we do now
adjourn at the hour of 3:10 P.M.: carried, Broad, Brown,
Edmondson, Jarms, Moore, Schussler and Simmons voting aye
by voice vote.
READ AND CERTIFIED ACCURATE B DATE 0244SWAyti
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CITY CLERK MAYOR
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