Minutes - 1998 - City Council - 04/22/1998 - SpecialEAGLE CITY COUNCIL
SPECIAL MEETING MINUTES
April 22, 1998
COUNCIL: 7:30 p.m.
ORIGINAL
1. CALL TO ORDER:
2. ROLL CALL: Bastian, Merrill, Sedlacek, Guerber. Sedlacek is absent. A quorum is present.
3. NEW BUSINESS:
A. Bid Opening - Library Bonds - Bob Hildeman
Mayor introduces the issue.
Bob Hildeman: Distributes a graph showing financial fluctuation and a rating fi.om
Standard and Pours. Discusses insurance on the bonds. Th~'e are seven bids, all insured.
When the project was started estimated interest at 5%.
Mayor: 1st bid from Seattle Northwest 4.891967%. 2na from Piper Jaffery 4.810200%. 3d
fi.om First Security Bank 4.790561%. Griffin, Kubik 4.807240%. 5~ from Pacific Crest
Securities 4.892503%. 6t~ from D.A. Davidson Co. 4.960400%. 7t~ from Zion First
National Bank 4.786252%. General discussion on bids.
Bob Hildeman: Distributes information on the results of the bids.
Mayor: Zion's National Bank has the lowest official true interest cost. General
discussion.
Bob Hildeman: At the time of the Bond Election the estimate was that a total pay back
would be $4,606,00 and with the interest rates the actual total pay back will be
$4,453,086, a savings of $152,914 to the tax payers.
General discussion on the interest rates.
B. Resolution 98-8: Authorizing the sale of the general obligation bonds for the library
Bonds. (Bob Hildeman, US Bank)
Bastian moves to accept Resolution 98-8 recognizing Zion's Bank as the lowest
bidder on the Library Bond. Second by Merrill. ALL AYE: MOTION
CARRIES ...............
Mayor calls for a recess at 7:55 p.m.
Mayor reconvenes the meeting at 8:00 p.m.
4, UNFINISHED BUSINESS:
A. Discussion and prioritization of Park Development Projects: (current and proposed
projects)
Mayor introduces the issue.
Merrill: Reports on the Park Meeting that was held on April 21, 1998.
Phil Hull, The Land Group, displays an overhead of samples of plaques. General
discussion. Council concurs to drop the amounts offthe plaque for Major Contributors
and Contributors.
Merrill moves to accept the plaques for the downtown park minus the Arbor Day
Logo plaque, which we will research for a lower cost and with the adjustments on
the amounts, taking out the amounts for the major contributors and just having the
names. Seconded by Guerber. ALL AYE: MOTION CARRIES ............
Merrill discusses the Downtown Park, Skateboard Park and the Merrill Park. At the
Parks Committee meeting we determined that with our budget the priorities should be: 1st
the Downtown Park, 2nd the Skateboard Park, 3~a Merrill Park and 4~ Ada County/Eagle
Sports Park. Downtown Park and Skateboard Park done this fiscal year. Research
impact fees. Discussion on other park areas around the City.
Darren Leavitt, 128 S. Eagle Road. Discusses the legals on the land for the proposed
Skateboard Park on State Street from I.T.D. ITD has a Right-Of-Way Deed. ITD has no
intent at this point to do anything other than they have disclosed to the City. Mr. Roundy
does not have claim to the land at least by legal description unless ITD decides to go
through reverse condemnation proceedings. General discussion.
Mayor: I think we should be committing some money each year to the Ada County/City
of Eagle Sports Complex. General discussion.
Mayor and Council would like to have the joint meeting with Ada County
Commissioners to discuss the Master Plan on May 26, 1998, at 6:30 p.m.
Phil Hull, The Land Group, displays an overhead of the Entry Park/Skateboard Park and
discusses the same. General discussion. Phil displays a schedule of Skateboard Park
design costs and discusses the same. General discussion. Phil displays an overhead of
the Preliminary Construction Cost Estimate on the Skateboard Park and discusses the
same. General discussion.
B. Appointment of Parks Develunment Committee:
Mayor introduces the issue and his recommendations are: Angela Deckers, Matt Glavach,
Maggie Jeters, Phil Vanderwal and Dave Okerland.
Merrill moves to accept the Mayors recommendation. Seconded by Guerber. ALL AYE:
MOTION CARRIES ..........
Guerber would like a sign to identify the Arboretum Park so that people know that this is a park.
General discussion. Something like what Rock Art is doing. Council agrees that this would be a
good idea. Discussion on the name plaques for the trees.
Merrill: Walk the pathways Saturday morning. Meet at Albertson's.
5. ADJOURNMENT:
Bastian moves to adjourn. Seconded by Guerber. ALL AYE: MOTION CARRIES...
Hearing no further business, the Council meeting adjourned at 9:00 p.m.
Respectfully submitted:
CITY CLERKJTREASURER
APPROVED:
April 13, 1998
Chairperson:
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EAGLE CITY PARKS DEVELOPMENT COMMITTEE
Angela Deckers
2249 Dickey Circle
Eagle Idaho 83616
939-4706
Matt Glavach
1032 Pimlico Drive
Eagle Idaho
939-8194
Maggie Jeters
3016E Red Tail Dr.
Eagle Idaho 83616
939-2537
Phil Vanderwal
3040 East RedTail Drive
Eagle Idaho 83616
939-0634
Dave Okerlund
287 Yellowpine Place
Eagle Idaho 83616
939-8093