20180116 Andalusia City Council Meeting January 16 2018
Date: 2018-01-16 Type: Regular Meeting
Quick Summary
Council approved the previous meeting minutes by motion (Mr. Wells) and second (Mr. Powell). The council unanimously adopted Resolution 2018.3 authorizing financial arrangements for Andalusia City Schools capital projects and directing the mayor and city clerk/treasurer to work with an investment banking firm to secure financing.
Key Decisions
- Motion by Mr. Wells, second by Mr. Powell to approve the prior meeting minutes; council voted in favor by raised hands.
- Motion by Mr. Wells, second by Ms. Griffin to adopt Resolution 2018.3 authorizing financial arrangements for 2018 capital projects for Andalusia City Schools; council indicated unanimous approval (raised hands).
- Resolution 2018.3 authorizes moving forward to secure $7 million in general revenue bonds to be used on behalf of the Andalusia City Board of Education; repayment source identified as the educational sales tax memorialized in Ordinance 201303 (adopted Jan 16, 2018).
Notable Discussion
- Mayor read Resolution 2018.3 and outlined that projects target Andalusia High School, including renovation of the auditorium and the football stadium.
- Mayor noted the school board has signed a base contract with Sasser Construction (base portion discussed as about $9.3 million) and that construction activity is beginning.
- Alternates to the base bid were described (including an artificial surface for the stadium) and other funds have been raised outside the bond financing.
Action Items
- Record approval of the prior meeting minutes in the council record.
- Authorize the mayor and city clerk/treasurer to work with an investment banking firm to secure the $7 million general revenue bond financing for the school capital projects as authorized by Resolution 2018.3.