Clerk's office at (319)753-8124.
MINUTES OF THE PROCEEDINGS
OF THE BURLINGTON, IOWA CITY COUNCIL
Meeting No. 32
April 21, 2003
The Burlington City Council met in regular session at 7:00 p.m. in the City Hall, Council
Chambers with Mayor Scott, Council Members Baker, Edwards, Kellogg and King present.
BURLINGTON CITY COUNCIL
PROCLAMATIONS:
* Arbor Day - Kirt Ormesher
* Youth Appreciation Week - Linda Eibes
* Day of Prayer - Pastor Frank Beaty and Pastor Sam Fratt
CONSENT AGENDA: To the Public:
All matters listed under Item I., Consent Agenda, having been discussed were considered to be
routine by the City Council and were enacted by one motion. There was not separate discussion
of these items. If discussion was desired, that item was removed from the Consent Agenda and
was considered separately.
MOTION: To approve all items listed under Item I., Consent Agenda.
DISCUSSION: Mayor Scott reviewed the items listed on the consent agenda to the viewing
audience. Council Member Kellogg announced those individuals appointed to various City
commissions and boards. All present had opportunity to speak and nothing additional was filed
in the office of the City Clerk.
(VOTES: 5 - "AYES") CARRIED
HEARINGS:
1. Statement: Consideration of Loan Agreement in a Principal Amount Not to Exceed
$2,750,000.00 and the Date for the Sale of General Obligation Refunding Bonds, Series
2003, to be Issued in Evidence of the City's Obligation
COMMENTS: The City Manager stated that the proposed hearing provides for the issuance of
bonds for the refunding of the City's outstanding general obligation debt. The Deputy City
Manager stated that Rex Ramsay from Piper Jaffray was present to answer any questions. He
stated that the City was approving the loan agreement and approving the sale and issuance of the
bonds at the same time due to the following reasons: two of the bonds are scheduled to be called
June 1 and due to publication time constraints. He stated that he didn't feel there would be any
objection to this process as it would allow the City to refund existing debt at a lower interest rate.
He stated that the City was refunding the following three issues: 1993 Police Department
Renovations and Golf Course Improvements (fairway watering system); 1994 G.O. Bond Issue
(streets and airport improvements); 1996 G.O. Bond Issue (streets, parking ramp extension,
improvements to the Flint Ridge Business Park, equipment purchases and the Airport Fire
Station). He stated that the 1993 and the 1994 Bond Issues existing debt would be retired June 1
and the 1996 G.O. Bond Issue would be retired June 1, 2004, so the sale of the bonds tonight for
that project would be held in US Treasury and held by an escrow agent until June 1, 2004 when
the debt will be retired. He stated that the hearing was for $2,750,000.00, but the sale is actually
less. The reason it is less is due to the two issues that will be retiring soon and that maturity is
not in the new bond issue. He stated that the City received an A2 rating from Moody. Rex
Ramsay of Piper Jaffray stated that eight bids were received with the lowest bidder Harris Trust
and Savings Bank with 1.89976%. He stated that the old bonds that the City is refunding were
approximately on average 5%. The City took bids on $2,205,000.00, but the issue has been
decreased to $2,190,000.00 because of the success of the sale and the underwriter charging less
than the City had allowed them room for and the short repayment schedule. He stated that the
savings in total would be $93,368.67 in reduction of taxes. After brief discussion by the
Council, the Council unanimously approved the loan agreement and the sale and issuance of the
General Obligation Refunding Bonds, Series 2003 and providing for the levy of taxes to pay the
same. All present had opportunity to speak and nothing additional was filed in the office of the
City Clerk.
Motion to Close CARRIED
Resolution Approving Loan Agreement and Providing for the Sale and Issuance of
General Obligation Refunding Bonds, Series 2003, and Providing for the Levy of Taxes
to Pay the Same
DISCUSSION: None.
(VOTE: 5 - "AYES") ADOPTED
2. Statement: Consideration of Sale of Lot 1 in the Public Works Subdivision (Amended)
COMMENTS: The Development Director stated that the City has received an offer from Doug
Stewart for purchase of Lot 1 in the Public Works Subdivision (Amended) for $70,000.00. He
stated that the lot was located north of Division Street and west of West Avenue and was
approximately .79 acres. All present had opportunity to speak and nothing additional was filed
in the office of the City Clerk.
Motion to Close CARRIED
Resolution Approving Sale of Lot 1 in the Public Works Subdivision (Amended)
DISCUSSION: None.
(VOTE: 5 - "AYES") ADOPTED
COMMENTS FROM AUDIENCE: Patty Johnson of 1820 Highland thanked the Council for
standing up for gays and lesbians. All present had opportunity to speak and nothing additional
was filed in the office of the City Clerk.
Adjournment: 7:40 p.m. Approved: May 5, 2003
Kathleen P. Salisbury Timothy E. Scott
City Clerk, CMC Mayor
(See tapes on file in the office of the City Clerk for complete discussion and documentation.)
ITEM I.
Consent Agenda
FINANCES AND MISCELLANEOUS
Minutes of Previous Meetings
Payroll and City Claims
BEER, LIQUOR, WINE AND CIGARETTES
REPORTS AND BONDS
RESOLUTIONS:
1. Resolution Approving Nuisance Abatements
2. Resolution Agreeing to the Local Cash Match Through the South Hill Targeted
Neighborhood Planning Program for the Year 2003 Revitalization Assistance for
Community Improvement Grant Application and Approval for Submittal of the above
Mentioned Grant Application
3. Resolution Approving Outdoor Service Area for the Beat Tavern II, Inc dba/the Beat
Tavern for four events during 2003
4. Resolution Approving Permanent Transfer of Off Premise Liquor, Beer and Wine
Licenses for Hy-Vee No. 2
5. Resolution Approving Preconstruction Agreement with the Iowa Department of
Transportation for the IDOT Highway 61 Improvements, Mason Road to Agency Street
SET DATE FOR PUBLIC HEARINGS: May 5, 2003
1. Consideration of the Adoption of the Proposed "Code of Ordinances of the City of
Burlington, Iowa 2003"
2. To Reopen the Portion of the Public Hearing for the Acquisition of Capital Equipment to
Reflect Specific Information on the Purchase of a Medium Duty Bus
APPOINTMENTS:
RecPlex Advisory Committee: Melissa Mulholland