COUNCIL PROCEEDINGS
April 27, 2016
The City Council of La Porte City, Iowa met in special session on April 27, 2016. Mayor David Neil called the meeting to order at 5:00 PM with Council Members Eric Allsup, Kristi Harrill, Brent Sadler and David Williams present. Absent was Council Member Mike Johnson. Also present were Police Chief Larry Feaker and Maggie Burger of Speer Financial.
Unless otherwise noted, all actions were passed by affirmative and unanimous vote of the council members present.
Moved by Allsup, seconded by Williams to approve the agenda.
Financial Advisor Maggie Burger of Speer Financial provided the Council with a list of bids received for the SALE OF $850,000 GENERAL OBLIGATION CAPITAL LOAN NOTES, SERIES 2016:
Bankers Bank, Madison WI 2.2351%
Northland Securities, Minneapolis, MN 2.2531%
Bernardi Securities, Chicago, IL 2.4601%
Burger recommended that the Council approve the low bid from Bankers’ Bank of Madison, WI with an interest rate of 2.2351%
Moved by Allsup, seconded by Williams to approve RESOLUTION 16-64 DIRECTING THE SALE OF $850,000 GENERAL OBLIGATION CAPITAL LOAN NOTES, SERIES 2016.
Moved by Allsup, seconded by Harrill to approve RESOLUTION 16-65 SETTING SALARY FOR POLICE OFFICER. The resolution sets the salary for newly hired patrol officer Victor Rohrbach at $16.38/hr.
Moved by Sadler, seconded by Williams to approve RESOLUTION 16-66 SETTING SALARIES FOR POOL MANAGERS. The resolution sets the salaries for the pool manager Brooke Hartman and assistant manager Jess Larison at $13.00/hr and $11.50/hr respectively.
Moved by Allsup, seconded by Sadler to adjourn at 5:32 PM .
Jane Whittlesey, City Clerk
David Neil, Mayor