HomeMy WebLinkAboutCouncil.Minutes.11-01-2000 Proceedings of the City Council, City of Cape Girardeau, Mo.
�p��a� S@SSIOCI November 1, 2000 85
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SPECIAL SESSION— NOVEMBER 1, 2000
Council convened in special session on Wednesday, November I, 2000> at 5:00 p.m. with Mayor
Albert M. Spradling III presicling and Council Members Richard Eggimann, Matt Hopkins, Frai�k
Stoffregen an�i Hugh White present. Tom Neumeyer and .lay Purcell were absent.
BILL NO. 2000-264 was given first, second and third reading as fioltows:
AN ORDINAN('E AUTHORIZING THE ISSUANCE OF SEWERAGE SYSTEM REVENUE
BONUS (STATE REVOLVING FUND PROGRAM) SERIES 2000, OF THE C(TY OF CAPE
GIRARDEAU, MISSOURI FOR THE PURPOSES OF EXTENDING AND IMPROVING THE
(:'ITY'S SEWERACE SYSTEM; PRESCRBING THE FORM AND DETAILS OF THE
BONUS AND THE AGREEMENTS MADE BY THE CITY TO FA('ILITATE AND PROTECT
THEIR PAYMENT; ANU AUTHORIZING A NO-INTEREST LOAN FROM THE WATER
AND WASTEWATER LOAN FUND OF THE STATE OF MISSOURI ANU PRESCRIBING
OTHER RELATEU MATTERS
The first, second and third readings of BILL NO. 2000-264 were approved and the ordinance
adopted upon Mr. White's motion, Mr. Stoffregen's second, and the following vote: Ayes,
Eggimann, Hopkins, Spradling, Stoffregen, White. Nays, none. BILL NO. 2000-264 is
ORDINANCE NO. 2813. Finance Director John Richbourg stated that the effective interest rate
will be 2.25 percent, and approximately $4.4 million will be saved in interest cost�.
The effluent from a sanitary sewer line serving lots along Bloomfield Road and Giboney Woods
Subdivision was accepted into the city's system upon Mr. Hopkins motion, Mr. Eggimann's
second, and the following vote: Ayes, Eggimann, Hopkins, Spradling, Stoffi�egen, White. Nays,
none.
The 12" transmission water main and 6" water lines serving Giboney Woods Subdivision were
accepted into the city's system upon Mr�. White's motion, Mr. Hopkins's second, and the
following vote: Ayes, Eggimann, Hopkins, Spradling, Stoffregen, White. Nays, none.
There being no further business, the Council adjourned upon Mr. Eggimann's motion, Mr•.
Stoffregen's second, and the following vote: Ayes, Eggimann, Hopkins, Spradling, Stoffregen,
White. Nays, none.
A. M. Spradling, III, Mayor
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� Gayle L. Cc rad, City Clerk