Minutes 07/26/1988 - Laserfiche WebLink

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TUESDAY, JULY 26, 1988 the years 1968 through 1987) and $66,041.86 personal property taxes (including penalties, interest and late fees for the years 1982 through 1987), Council unanimously authorized Mr. Bouldin and City Attorney Worthy to proceed with such legal recourse as is applicable to enforce collection of these taxes. City Treasurer John W. Bouldin, Jr., informed Council that the City earned interest on its regular checking accounts in the total sum of $184,241.82 during the fiscal year ended June 30, 1988, and that the City had funds invested in certificates of deposit in the total sum of $5,526,551'49, as of June 30, 1988, with interest rates ranging thereon from 6.45% to 8.25% and maturity dates occurring from August 2, 1988, to March 1, 1989. City Manager Brown reported that, as a result of Council's February 23rd (1988) authorization and the findings of a special study committee, five proposals have been received for the conduct of a "Joint City/County Needs Assessment Study for Detention Facilities" and that, of these five proposals, the committee recommends that Council accept (as did the Henry County Board of Supervisors on July 25, 1988) the proposal submitted by Sherertz, Franklin, Crawford, Shaffner, Inc., of Roanoke, Virginia, for a fee not to exceed $38,500.00 (unless otherwise authorized), plus estimated reimbursable expenses of $7,000.00, to perform "Predesign Services" set forth in Part 1 and Appendix "B" of the proposed contract. Mr. Brown indicated that, through contingency funds and budgeted funds in the current Prison Farm budget, the City's one- half share (or $22,750.00) of the SFCS proposal can be financed without additional appropriations. In discussing this proposal and its scope, Councilman McClain took exception to that section of the proposed contract or agreement with SFCS which read, "Part 2 -Design, Bid, and Construction