HomeMy WebLinkAbout1988-03-22y ~ T
~ MINUTES OF REGULAR MEETING OF BOARD OF ALDERMEN OF
CITY OF RIVERSIDE. MISSOURI
MARCH 22, 1988
A regular meeting of the Board of Aldermen of the City of Riverside,
Missouri was held in the City Hall in Riverside, Missouri on March 22, 1988,
at 7:30 p.m. The roll was called and Aldermen Karr, Burch, Best, Peeler,
Wedua and Shepard were present and Mayor Pro Tem Peeler called said meeting
to order.
It was decided to dispense with the reading of the minutes of March 15,
1988, for the present time.
Best moved that Betty Burch's resignation be accepted becoming
effective March 1, 1988, seconded by Burch, the roll was called and votes
were as follows: Karr, Burch, Best, Wedua and Shepard voted aye.
Karr moved that the Finance Committee be authorized to go out for bids
on $500,000.00, and that same be Bill No. 88-23 and placed on its first
reading, seconded by Shepard, the roll was called and votes were as follows:
Karr, Burch, Best, Wedua and Shepard voted aye, said bill was accordingly
read.
Karr moved that Bill No. 88-23 be placed on its second reading,
seconded by Burch, the roll was called and votes were as follows: Karr,
Burch, Best, Wedua and Shepard voted aye; said bill was accordingly read.
Best moved that Bill No. 88-23 be placed on its third reading and upon
passage of same become Ordinance No. 88-23, seconded by Wedua, the roll was
called and votes were as follows: Karr, Burch, Best, Wedua and Shepard voted
aye; said bill was accordingly read, attached hereto and made a part hereof,
approved by Mayor Pro Tem Peeler and became Ordinance No. 88-23.
City Attorney Don Witt spoke to Mayor Pro Tem Peeler and the Board
concerning closed meetings, special meetings and Public Safety Board
meetings.
A discussion was had concerning the Skating Rink, Bingo, Race Track and
Fire Work stands regarding the off duty Public Safety people.
The hours worked by the Public Safety Department was discussed.
A recess was called.
The meeting reconvened March 24, 1988, at 5:00 p.m. The Roll was called
and Karr, Burch, Best, Peeler, Wedua and Shepard were present and Mayor Pro
Tem Peeler presided over the remainder of the meeting.
Bid letters were sent to seven banks and the following bids were
received:
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Minutes of Reg. Meeting
Page 2, 3-24-88
Commerce Bank -
Centerre Bank
United Missouri
Bank of Riverside
CD $500,000.00 6.05 - 6 months
CD 500,000.00 6.15 - 1 year.
$500,000.00 6.05 - 90 days
500,000.00 6.05 - 180 days
500,000.00 6.35 - 1 year
$500,000.00 6.25 - 186 days
500,000.00 6.50 - 1 year
$100,000.00 5.75 - 180 days
100,000.00 6.25 - 1 year.
Karr moved that we accept the best bid, same being that of United
Missouri Bank on $500,000.00 at 6.258 interests for 186 days, and that same
be Bill ~No. 88-24 and placed on its first reading, seconded by Burch, the
roll was called and votes were as follows: Karr, Burch, Best, Wedua and
Shepard voted aye, said bill was accordingly read.
Burch moved that Bill No. 88-24 be placed on its second reading,
seconded by Best, the roll was called and votes were as follows: Karr,
Burch, Best, Wedua and Shepard voted aye; said bill was accordingly read.
Wedua moved that Bill No. 88-24 be placed on its third reading and upon
passage of same become Ordinance No. 88-24, seconded by Shepard, the roll as
called and votes were as follows: Karr, Burch, Best, Wedua and Shepard voted
aye; said bill was accordingly read, attached hereto and made a part hereof,
approved by Mayor Pro Tem Peeler and became Ordinance N0. 88-24,
There being no further business to come before the Board, upon motion
duly made, seconded and passed, meeting adjourned at 5:15-P{.M~
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