Minutes-11/11/1998 (3)

waived and dispensed and that the Ordinance No. 1998-223 be given its final reading. Ayes: Bartels, Ryan, Walls, and Gericke. Absent: Kern. Motion carried. Four members of the council being present and having voted “Aye”, Mayor Glenn R. Potter declared the motion carried and Ordinance No. 1998-223 was then placed on its last reading and was read for the last time. Thereupon, it was moved by Councilperson Walls, and seconded by Councilperson Ryan that Ordinance #1998-223, entitled ESTABLISHING PARKING REGULATIONS, be placed upon its final passage and adopted. Ayes: Gericke, Walls, Ryan and Bartels. Absent: Kern. Motion carried. Four members of the council being present and having voted “Aye”, Mayor Glenn R. Potter declared the motion carried, and the Ordinance No. 1998-223 be adopted and signified his approval of same by fixing his signature thereto. Passed by the council on the 11th day of November, 1998 and approved by Mayor Glenn R. Potter on the 11th day of November, 1998. The City Council of the City of Tiffin, Iowa, et in regular session on November 11, 1998, at 6:30 p.m., at the Tiffin Fire Station, in the City. Mayor Glenn Potter presided and Councilmembers Jim Bartels, Rodney Walls, Mike Gericke and Mike Ryan were present. Absent: Alan Kern Council Member Walls introduced a resolution hereinafter next set sout and moved its adoption, seconded by Council Member Gericke; and after due consideration therof by the Council Mayor Glenn Potter put the question upon the adoption of the said resolution and the roll being called, the following named Council Members voted: Ayes: Walls, Ryan, Gericke and Bartels. Absent: Kern. Motion carried. Whereupon, Mayor Potter declared the resolution duly adopted as follows: Resolution # 1998-2, TO FIX DATE FOR PUBLIC HEARINGS ON LOAN AND DISBURSEMENT AGREEMENTS FOR A SEWER IMPROVEMENT PROJECT, setting December 9, 1998 at 6:30 p.m. at the Tiffin Fire Station. Public Hearing for Proposed Action to Institue Proceedings to Enger into a Loan and Disbursement Agreement and Borrow Money in a Principal Amount not to Exceed $521,315 and Proposed Action to Institute Proceedings to Borrow Money and Enter into a Loan and Disbursement Agreement in a Principal Amount Not to Exceed $400,685. A Public Hearing set for December 9, 1998 at 6:30 p.m. at the Tiffin Fire Station for the purpose of considering Sewer Revolving Fund financing. The current loan amount available to Tiffin is $695,000, however additional design features requested by the IDNR-SRF will push project costs higher. The City of Tiffin will request a total of 922,000 in SRF (State Revolving Fund) loans and an approximate cost of 4% for 20 years. Anticipated is $500,000 of Revenue Sewer bonds and $422,000 of G.O. (TIF) Bonds. All citizens are invited to give input either in favor of or