HomeMy WebLinkAboutMINUTES-10/10/1978-AdjournedOctober 10, 1978
COUNCIL OF THE CITY OF FORT COLLINS, COLORADO
Council - Manager Form of Government
Adjourned Meeting - 1:00 P.M.
An adjourned meeting of the Council of the City of Fort
Collins was held on Tuesday, October 10, 1978, at 1:00 p.m.
in the Council Chambers in the City of Fort Collins City
Hall. Roll call was answered by the following Council -
members: Bloom, Bowling, Gray and Suinn.
Absent: Councilmen Russell, St. Croix and Wilkinson.
Staff Members Present: Arnold, Lanspery and Lewis.
ourned Meetine Deferred
Councilman Bloom made a motion, seconded by Councilman Bowling
to adjourn the adjourned meeting until 4:00 p.m. Yeas: Coun-
cilmembers Bloom, Bowling, Gray and Suinn. Nays: None.
THE MOTION CARRIED.
Bid Awarded for Equipment
Repair Facility
Mayor Suinn reconvened the meeting at 4:30 p.m.; at this time
there were present Councilmembers Bowling, Gray, Suinn and Wil-
kinson. Absent: Councilmen Bloom, Russell and St. Croix.
Following is the City Manager's memorandum on this item:
"Our people have negotiated with Neenan as far as is reasonable.
The cost with the deductions made is now $545,110. Any further
reductions would have to come out of the number of bays and that
would not be feasible. We presently have 12 bays and the pro-
posed building will have 20. To reduce bays would require the
reduction of 4 bays. And for us to build a new building with 16
bays when our 12-bay present building is inadequate would not be
feasible.
-63-
October 10, 1978
With site work of $30,000 and garage equipment at $85,600,
the total cost will be $660,710. We have $428,880 and that
means we need additional funding of approximately $232,000.
Ron has provided a couple of ways of financing that. One is to
borrow the money internally from utility funds. Another is
to borrow from local financial institutions using revenue bonds.
Either of these mechanisms will do the job, and should be de-
cided on the basis of lowest cost to the City.
We would like to recommend that Council authorize the award of
bid in the amount of $545,110 to Neenan and allow the staff to
determine the lowest cost financing method. Then, we'll make
a recommendation to Council on that. The action needed from
Council is to award the bid."
Councilman Wilkinson made a motion, seconded.by Councilwoman
Gray to authorize the award of bid in the amount of $545,110
to Neenan and direct the staff to bring back a recommendation
on the financing. Yeas: Councilmembers Bowling, Gray, Suinn
and Wilkinson. Nays: None.
THE MOTION CARRIED.
Adjournment
The meeting was adjourned at 4:40 p.m.
ATTEST:
IF:LT
1
a