HomeMy WebLinkAbout1980-01-28 MinutesI
261
MINUTES OF A SPECIAL MEETING OF THE BOARD OF DIRECTORS
The Board of Directors met in special session on Monday, January 28, 1980,
at 11:30 A.M. in the Directors Room, City Administration Building, Fayetteville,
Arkansas.
PRESENT: Mayor David Malone, Ernest Lancaster, John Todd, Richard Osborne, Ann
Henry; City Manager Grimes, City Attorney McCord, City Clerk Medlock.
ABSENT: Phil Colwell and Paul Noland.
OTHERS PRESENT: Memebers of the audience and representatives of the news media.
01
0 CALL TO ORDER
CO The mayor called the meeting to order at 11:30 A.M. 261.1
❑ ACT 9 BONDS / STANDARD REGISTER CO.
Q The city attorney read an ordinance authorizing the issuance of industrial 261.2
development G+evenue bonds for the purpose of providing permanent financing for
improvements to Standard Register Company.
Director Osborne, seconded by Henry, moved the rules be suspended and the 261.3
ordinance placed on second reading. The recorded vote was:
Ayes: Lancaster, Todd, Osborne, Malone, Henry.
Nays: None.
Absent: Noland and Colwell.
The mayor declared the motion passed and the city attorney read the ordinance for
the second time.
Director Osborne, seconded by Lancaster, moved the rules be further suspended
261.4
and the ordinance placed on third and final reading. The recorded vote on this
motion was:
Ayes: Lancaster, Todd, Osborne, Malone, and Henry.
Nays: None.
Absent: Noland and Colwell.
The mayor declared the motion passed and the city attorney read the ordinance
for the third and final time.
The mayor explained that this is the local portion of a larger Standard 261.5
Register bond issue for several states. In response to the mayor, the city
attorney explained that this is a loan and not a lease, so the property would
not be exempt from personal property tax.
Director Todd asked if new jobs would be created with the improvements and 261.6
City Attorney Jim McCord stated that a letter from the underwriter had indicated
5-10 people would be added within the next year and 20-30 people would be added
within the next three years. Malone commented that the bond issue"would be used
for equipment inside the existing building. The city attorney commented that this
bond issue is a special obligation payable solely from the proceeds of the bonds.
The mayor then asked if the ordinance should pass. The recorded roll call 261.7
vote was:
Ayes: Lancaster, Todd, Osborne, Malone, Henry.
Nays: None.
Absent: Colwell and Noland.
The mayor declared the ordinance passed.
ORDINANCE NO. 2591 APPEARS ON PAGE 95 OF ORDINANCE AND RESOLUTION BOOK VIII.
1-28-80
262
PAY AND CLASSIFICATION PLAN
262.1 The mayor noted that a pay and classification plan survey
had been distributed to the Board and asked that the Board members examine
the survey to see if it covers specifically what they are interested in.
He asked that if there are additional items which the directors should feel
should be covered, that they get with the city manager's staff to have other
items included.
AIRPORT COMMITTEE MEETING
262.2 Mayor Malone asked that an airport committee meeting be scheduled for
some time within the next few days and said he would get with the staff to
work out a time.
CITY MANAGER EVALUATION
262.3 The mayor noted that an evaluation form for the city manager had been
distributed to the Board and asked that the Board members fill this out and
return to the mayor.
STREET COMMITTEE MEETING
262.4 City Manager Grimes asked that they have a street committee meeting
Wednesday, January 30, 1980, at 3:00 P.M. to look at some Community Develop-
ment streets.
ADJOURNMENT
262.5 There being no further business, the mayor declared the meeting adjourned
at 11.47 A.M.
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