09/10/1998,Workshop Meeting Minutes2298
MINUTES OF
KENNEDALE CITY COUNCIL
PRE-COUNCIL WORKSHOP -SEPTEMBER 10, 1998
100 E. BROADWAY ST. -COMMUNITY CENTER
Mayor Wright called the workshop to order at 6:34 p.m.
Members present: Mayor Wright, Councilmember's Clark and Vaughn. Councilmember Barrett
arrived at 6:38 p.m.
Members absent: Councilmember's Steeno and Kovach.
Staff present: Ted Rowe, Kathy Turner, Lynette Whidden and legal counsel, Wayne K. Olson.
ITEM NO. 1-Discussion of fund reserves, bond options, and rate impacts.
Mr. Chris Jenning and Mr. Mark Kim representing First Southwest Company provided Council
with a debt analysis and a schedule of events for proposed Certificates of Obligations, Series
1998.
Next, council reviewed the debt obligations and effect it would have on the tax rate fora 20, 25
and 35-year amortization.
Due to the regular meeting, Mayor Wright adjourned the workshop at 7:35 p.m.
ITEM NO. 2 -General discussion.
No general discussion was held.
APPROVED:
Mayor, Mark S. Wri
ATTEST:
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