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2001-02-24
CITY-OF-BATESVILLE
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2001-02-24
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REFINANCING OF UTILITY BONDS <br /> Utility Commission Chairperson Robin Brock and Mr. Edmond Hurst with Crews <br /> and Associates addressed the council to answer any questions the council may have in <br /> regards to a resolution to refinance utility bonds. Councilmember Bone introduced the <br /> resolution that would authorize the sale of bonds to refund the City's outstanding water <br /> and sewer revenue bonds, series 1995. Mayor Biard read the resolution. <br /> Councilmember Cargill moved to approve the resolution and Councilmember Watkins <br /> seconded. All voted for. The resolution was given #2001-2-2. <br /> TRADING AND PURCHASING CID VEHICLE <br /> The Mayor informed the council that the Sheriff's Department has located a 1997 <br /> Chevrolet Malibu with 29,987 miles for $9,849.00 for the CID. The car is for sale at <br /> Stanley Wood Chevrolet. The Sheriff's Department is asking to trade in a 1995 <br /> Chevrolet Corsica from the Metro fleet on the purchase. The Mayor said according to <br /> the Internet, the Corsica should be valued between $1,600 to $2,500 depending on the <br /> condition of the car. Stanley Woods has offered the city $2,600 for the Corsica, bring <br /> the purchase price for the Malibu to $7,249. The Mayor said they are budgeted for the <br /> car and the price is just under the budgeted amount. Councilmember Watkins moved to <br /> trade in the Corsica and purchase the Malibu. Councilmember Cargill seconded and all <br /> voted for. <br /> PAY FOR REPAIRS OF RESERVE VEHICLES <br /> Mayor Biard said after talking to the City Attorney, he recommends paying for the <br /> repairs made to the two reserve units out of this year's Sheriff's Volunteer Force line <br /> item. The Mayor said the work was done last year by Smart's Auto Repair and the bills <br />
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