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. <br />■ ■rh^^w^r/ <br />ySis'S <br />!'1l >« <br />MfM'' <br />.ll»* <br />‘"' fei'i <br />I'5 .A'.' V.I <br />#r'iS#"' <br />\.r <br />!%«■ <br />w <br />:'‘i^ <br />-i- <br />t. V'--^ <br />'-■PW <br />MINUTES OF THE REGULAR ORONO COUNCIL MEETING <br />HELD JULY 13. 1992 <br />STUBBS BAY 8EWER - CONT. <br />l4oorst ••!<! th# only bond with onough principal left would be the <br />bond for tho Crystal Bay area, but that bond is not callable until <br />B latar data. <br />Oruda handad out a sheet which showed a one year history of bonds. <br />Bha atatad that tha market is one that Is probably worth taking <br />of. but not to Jeopardize the City’s readiness factor. <br />Qfona askad If. by approving the sale of the bonds, the Council <br />dOaMlttlng to any vested commission due. <br />i s <br />Oruda stated that fees incurred by her company are payable after <br />tha bonds are sold and proceeds delivered. She said that there s <br />no faa If the sale is aborted. The City may Incur a smal cost If <br />tha data is postponed and the resolution needs to be revised. <br />i:.o7u^ r «1nV >or r.r., ."''o <br />satpiar project. Ayes 3, nays 0. <br />(•18) CHANGE ORDER SI - LIFT STATION S9 <br />Hoorsa axplalnad that this lift station has had many failures <br />racantly and it was determined tha<- the contractor would need to <br />Install by-pass pumps at an additional cost. <br />It was Bwved by Jabbour, seconded by Mayor Peterson, to authorize <br />^aafipa Order ''I to New Mach Companies. Inc. for an amount not to <br />axedad aa.200.00. Ayas a. nays 0. <br />(#1t) Iffl COMPREhcMBXVE ANNUAL REPORT <br />nskad about tha news release about the financial reportlnp <br />award• <br />Mayor Paterson said the document would be discussed at a future <br />meeting. <br />(#17) SELECTION OF NAME FOR CITY HALL FRON'’^ASC ROAD <br />II ifUg moved by Mayor Peterson, seconded by Jabbour, to select <br />p^^Sway as a name for the frontage road serving the new City <br />facllltlaa. Ayes 3. nays 0. <br />.J <br />f. <br />HI