HomeMy WebLinkAbout1987-12-30 MinutesMINUTES OF A BOARD AGENDA MEETING
An agenda meeting of the Fayetteville City Board of Directors was held on
Wednesday, December 30, 1987 at 8:30 a.m. in Room 326 of City Hall, to
review the tentative agenda for the January 5, 1988 Board meeting.
[Although minutes are not kept of Board agenda meetings, these minutes were
prepared to reflect action which was taken by the Board at this meeting.]
PRESENT: Mayor Johnson; Directors Bumpass, Lancaster, Kelley, Marinoni
and Martin; City Manager Pennington, City Attorney McCord,
City Clerk McWethy, Administrative Services Director
Linebaugh; members of the press and audience.
ABSENT: Director Hess
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The meeting began with a discussion of the recent flooding which took place 430.1
at the Wastewater Treatment Plant. City Manager Pennington told the Board
that a presentation would be given by the engineer at the January 5 Board
meeting regarding this matter.
A new item was introduced to be added to the agenda, that of renewal of a 430.2
lease and contract with Aero Tech Services for their FBO operation at the
Fayetteville Airport.
During review of agenda items, it was noted that (in reference to'the Gulley 430.3
Park purchase). Mrs. Gulley has indicated that interest would be charged if
the City chooses to make annual installments rather than a lump sum payment.
There was discussion of the recommendation from the Administrative Services 430.4
Director that a lump sum payment be made using funds generated from
restructuring of the Fayetteville Public Facility Board's residential
housing bond issue, which netted over $500,000. Some Directors commented
that no Board decision had ever been made on how the $500,000 would be
spent.
Following the discussion, the City Attorney asked the Board to decide at 430.5
this agenda meeting whether to make a lump sum payment or installment
payments for the purchase of the Gulley Park property. He said that, if the
Board decided to make installment payments, they should authorize the
execution of a promissory note providing for ten annual installments with
interest at the rate of 10% per annum.
Director Lancaster, seconded by Marinoni, moved approval of a resolution. 430.6
Upon voice vote, the motion passed unanimously, Director Hess being absent.
Director Marinoni commented that there should be no prepayment penalty.
RESOLUTION NO. 108-87 APPEARS ON PAGE 52 7 OF ORDINANCE AND RESOLUTION
BOOK )00)//1
Following review of the remainder of the agenda, the meeting was adjourned. 430.7