Minutes 07/14/1998 - Laserfiche WebLink

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TUESDAY, JULY 14, 1998 authorized the School Board to apply for a $5,000,000 Literary Loan on May 13, 1997, and that at that time $5 million was the maximum loan allowable. Dr. Trollinger stated that as of July 1, 1998, that maximum had been increased to $7.5 million, and recommend that Council authorize the School Board to submit a new application requesting the maximum loan allowable for this project, $7.5 million at a 3% interest rate for twenty years. He noted that this application will void the previous request, and that the School Board would not get on the actual waiting list for the loan until construction drawings for the school project were submitted to the State, expected to occur in about four months. Dr. Trotlinger stated that it was important to submit the application for the loan as soon as possible. Council Member Haskell stated that the approval of a higher amount of allowance for the Literary Loan was good news, and Mayor Crabtree noted that this would be very helpful in funding the project at the lowest possible cost. Upon motion duly seconded, and by unanimous vote, Council authorized the School Board to apply for $7.5 million in Literary Loan Funds. Council next considered approval, on first reading, of Ordinance 98-9 amending Ordinance 92-1 related to the City Manager' s Employment Contract. Council Member Roop stated that although he was in full support of the City Manager and the extension of the length of his contract, he was opposed to the proposed provision which would allow a payout of a sick leave amount not in line with that of other City employees, and which he considered excessive. Mr. Roop then moved to amend the proposed change to reflect sick leave benefits that would be the same as other City employees. This motion died for lack of a second. Council Member Dallas then made a substitute motion for approval of the contract amendment as originally presented, which was seconded by Council Member Haskell. Council Member Koop then made a substitute motion to amend the contract provisions to reflect that the City Manager be paid for 50% of the value of not more than 120 calendar days upon leaving City service, as opposed to the 120 working days. This motion also died for lack of a second. Council Member Haskell then made note of the fact that the City Manager is not employed under the same terms as other City employees, that he had done an outstanding job, and that he had received