HomeMy WebLinkAbout04-11-1989 Council Minutes ~01
A special meeting of the Canton City Council was held on
April 11, 1989 in council chambers.
PLEDGE OF ALLEGIANCE OPENED THE MEETING FOLLOWED BY THE
INVOCATION GIVEN BY NANCY WHITES CITY CLERK.
Mayor Edwards asked for roll call at 6:30 p.m. Present
- Aldermen Kovachevich, Zilly, Steck, Sarff, Meade, Bohler,
' May, Chapman. Absent - None.
~ PURPOSE OF THE MEETING: 1. Consider and take final action
on an Amended Resolution approving a$300,000 note between
the City of Canton as borrower and the National Bank of
Canton, Canton State Bank and Community Bank and Trust
Company as lender(s); 2. To consider going into executive
session for the purpose of discussing imminent, threatened
or pending litigation; and, of discussing the acquistion
of real property. Final, public action on one or more
of the executive session topics is possible.
RESOLUTION - APPROVING A NOTE WITH THE NATIONAL BANK OF
CANTON, CANTON STATE BANK AND COMMUNITY BANK AND TRUST
COMPANY, (LENDERS) AND THE CITY OF CANTON (BORROWER) First
reading, read by title. Jim Malmgren said the National
Bank will be the lead bank. This resolution gives a new
paragraph 3 and 4. The interest is calculated at 360 days
per year.
Mot~on ~by Alderman~ Sarff, s~cond by Alderman Mead~, the
resolution be adopted. Roll call. AYES -~ldermen Chapman,
May, Bohler, Meade, Sarff, Steck, Zilly, Kovachevich. NAYS
- None. 8 AYES 0 NAYS 0 ABSENT. Motion carried. Resolution
being #2054.
EXECUTIVE SESSION - IMMINENT, THREATENED OR PENDING
~ LITIGATION, AND ACQUISITION OF REAL PROPERTY. Motion by
Alderman Bohler, second by Alderman Kovachevich, to go
into executive session. Voice vote, motion carried.
Council recessed at 6:37 p.m.
The executive session minutes are on file in the office
of the city clerk.
ADJOURNMENT - Motion by Alderman Zilly, second by Alderman
Sarff, to adjourn. Voice vote, motion carried. Council
adjourned at 7:08 p.m.
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CIT CLERK
' ~ APPROVED : py~,~ ~
MAYOR