Minutes 10/13/1992 - Laserfiche WebLink

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178 TUESDAY, OCTOBER 13, 1992 September 1 of each year. In a letter to Council, Mr. Cahill explained that the request was being made due to the hardship of making such payments prior to the beginning of the baseball season. Mr. Bruce Dallas, 211 Massey Street, voiced objections to the City's lease agreement with the Phillies and charged that the City was "subsidizing" the Phillies. Mr. Dallas asked Council to terminate the lease agreement. Also voicing concerns were William W. Edwards, 703 Second Street, and Lafayette Jones, 501 Second Street. Mr. Reynolds stated that the lease agreement was designed to cover the City's costs for its obligations under the lease agreement and invited the citizens to meet with him to discuss any information they may have which would indicate that the City's costs were not covered. After much discussion, Council asked the City Manager to review the lease arrangement to determine if the City's costs were being covered for its obligations under the lease agreement in conjunction with an upcoming review of potential major capital improvements to Hooker Field which will be necessary in order to meet the new Major League Baseball Standards for Minor League Playing Facilities. Upon motion, duly seconded and by unanimous vote, Council authorized the amendment to the lease agreement. Council considered awarding a three-year contract for checking account services for the City submitted in response to a Request for Proposals issued by the City. Finance Director Richard Fitts explained that five responses from local banking institutions had been received and recommended that a new three-year contract beginning December 15, 1992 be awarded to Patrick Henry National Bank, which submitted the lowest cost proposal. After consultation with the City Attorney it was determined that, although some members of Council owned stock in Patrick Henry National Bank, because no member owned 5% or more of the