HomeMy WebLinkAbout10/05/1992 FINANCE COMMITTEE
October 5, 1992
6: 30 p.m.
Large Conference Room
Members present: Chairperson Angel, Wright and Buck.
It was moved by Buck, seconded by Wright that the Agenda, as
proposed, be approved. Motion carried.
It was moved by Wright, seconded by Buck that a garbage refund in
the amount of $94. 80 for 1026 Forest Avenue be approved. Motion
carried.
The request of Metropolitan Transit Authority to sign a loan
guaranty with the National Bank of Waterloo was presented. This
will allow MET to obtain an interim loan until receipt of federal
funds. If MET defaults on its repayment to the bank, the city' s
subsidy will automatically repay their obligation. Walt Stevenson,
Manager of MET, noted this has been done in the past and is an
acceptable method of financing for them. It was moved by Buck,
seconded by Wright that authorization be given to sign said loan
guaranty. Motion carried.
It was moved by Angel, seconded by Wright that the bills payment be
approved as contained in Schedule A918 , pp. 1 - 45 in the amount of
$1 , 471 , 388 . 93 , dated October 5, 1992 . Motion carried.
With no further business before the Committee, the meeting was
adjourned at 6 : 40 p.m.
Larry P. Burger
City Clerk/Auditor