HomeMy WebLinkAbout2003-10-14 Special4
Minutes of Special Meeting of
Boazd of Aldermen of City of Riverside, Missouri
October 14, 2003
A special meeting of the Boazd of Aldermen of the City of Riverside, Missouri, was held in the City
Hall, of Riverside, Missouri, on October 14, 2003 at 6:30 p.m.
Those in attendance were Mayor Betty Burch, Aldermen Bums, Looker, Dazata, Legaazd, Beard and
Super.
Also present were, David Blackburn, Matt Kitzi and Deborah Polk, City Attorney's office.
Catherine Haskins, Catherine Haskins, Corporate Communications gave a progress report
Corporate Communications to the board. Everyone seemed impressed with the report. There were
Report no comments or questions from the boazd.
Matt Webster, Matt Webster, Oppenheimer gave a report to the boazd regarding rating
Oppenheimer, report services and long term debt. The board seemed satisfied with the infor-
mation.
Bill No. 2003-100 Alderman Bums moved to place Bill No. 2003-100 on its first
Approving execution reading, said Bill granting and approving the execution of proxy for
proxy for annual mtg. the annual meeting of landowners of Riverside-Quindazo Bend Levee
Riverside-Quindazo Bend District of Platte County, Missouri and actions related thereto, Levee
District seconded by Alderman Super, the vote was:
Aye: Aldermen Darata, Beard, Legaard, Super, Burris and Looker
Motion can•ies.
Ordinance No 2003-100
Approved
Bill No. 2003-101
Approving the second amend.
to the investigation, conf~den-
tiality & escrow agreement
between the city, Kessinger/
Hunter & Co/Farmers Exchange
Bank (now Park Bank) & further
author. & approving the execu-
tion of same & the payment of
certain funds into escrow
Minn. 10/14/03
Alderman Darata moved to place Bill No. 2003-100 on its second
reading and upon passage of same become Ordinance No. 2003-100
seconded by Alderman Looker, the vote was:
Aye: Aldermen Super, Darata, Bums, Legaard, Beatd and Looker.
Motion carries.
Alderman Darata moved to place Bill No. 2003-101 on its first reading,
said Bill approving the second amendment to the investigation,
confidentiality and escrow agreement between the City of Riverside,
Missouri, Kessinger/Hunter and Company, and Farmers Exchange Bank
(now Park Bank) and further authorizing and approving the execution of
and the payment of certain funds into escrow pursuant thereto, seconded
by Alderman Legaard, the vote was:
Aye: Aldermen Darata, Bums, Legaard, Beard, Looker and Super.
Motion carries.
Ordinance No 2003-101 Alderman Beard moved to place Bill No. 2003-101 on its second
Approved reading and upon passage of same become Ordinance No. 2003-101
seconded by Alderman Looker, the vote was:
Aye: Aldermen Super, Darata, Burris, Legaard, Beard and Looker.
Motion carries.
Bill No. 2003-102 Alderman Legaazd moved to place Bill No. 2003-102 on its fast reading
Autho. The issuance & sale of said Bill Authorizing the Issuance and Sale of $16,300,000 City of
$16,300,000 City-L-385 Levee Riverside, Missouri L-385 Levee Redevelopment Plan Tax Increment
Redev. Plan Tax Increment Revenue Bond Anticipation Notes (L-385 Levee Project) Series 2003
Revenue Bond Anticipation (The "Notes") to Finance Certain Redevelopment Project Costs Relating
Notes (L-385) Series 2003/ to the L-385 Levee Redevelopment Plan and Redevelopment Project I
finance certain redevelopment Thereunder and Pay the Costs of Issuance of the Notes, for the General
project costs relating to the Welfare, Safety and Benefit of the Citizens of the City of Riverside
L385 Redev. Plan &Redev. Missouri (the "City"); Authorizing and Directing the Officers of the City
Project I & pay the costs of to Execute and Deliver a Note Trust Indenture, Tax Compliance issuance
of notes, author. & directing Agreement, Continuing Disclosure Agreement, Note Purchase Contract,
the Officers of the city to execute Preliminary Official Statement and Final Official Statement for the Notes;
& deliver a note trust indenture and Authorizing and Directing the Taking of Other Actions as Necessary
Tax Compliance issuance agree. or Desirable to Carry Out and comply with the intent hereof, seconded by
Note Purchase Contract, Prelimi- Alderman Beard, the vote was:
Nary Official Stmt. & final
Official stmt. For the notes & Aye: Aldermen Darata, Burns, Legaard, Beard, Looker and Super.
& author. & directing the taking
of other actions necessary or
desirable to carry out & comply Motion carries.
Ordinance No 2003-102 Alderman Legaard moved to place Bill No. 2003-102 on its second
Approved reading and upon passage of same become Ordinance No. 2003-102
seconded by Alderman Beazd, the vote was:
Aye: Aldermen Bums, Legaard, Beazd, Looker, Super and Dazata.
Motion carries.
Aldermen comments Alderman Super said he was impressed with the Argosy tour.
Alderman Beard talked about Lexico, the gas line and the cemetery.
Motion for Closed Alderman Looker moved that the meeting go into closed session,
Session pursuant to RSMo 610.021(2) Real Estate Issues with the City Attorney,
seconded by Alderman Legaazd, and the vote was:
Aye: Alderman Beard, Dazata, Burris, Super, Looker and Legaard.
Motion Carries.
Mins. 10/14/03
Motion for Open Alderman Looker moved that the meeting go into open session at
Session seconded by Alderman Bums, and the vote was:
Southwestern Bell
to remove existing
aerial facilities & place in
underground cables along
NW Gtwy/I-29 to NW Vivion Rd
Intersection
Aye: Alderman Bums, Looker, Darata, Legaazd, Beazd and Super.
Motion Carries.
Alderman Beard moved to approve Southwestern Bell Company to
remove existing aerial facilities and place in underground cables
along NW Gateway from I-29 to NW Vivion Road intersection at a cost
of $76,817.72 (check presented earlier to SWB for $75,000) leaving
a balance of $1,816.72, seconded by Alderman Looker, the vote was:
Aye: Aldermen Looker, Darata, Legaard, Beard, Super and Burris.
Motion carries.
Adjournment By unanimous decision, the boazd adjourned at 8:45 p.m
Mayor