1968 DEC 02 CC MINX 2582
E1 Segundo, California
December 2, 1968
An adjourned regular meeting of the City Council of the City of
El Segundo, California, was held in the Council Chamber of the City Hall
of said City on the above date. The City Clerk reported that a Notice of
Adjournment had been posted as required by law, and that an affidavit of
posting was on file.
The meeting was then called to order by Floyd Carr, Jr. , Mayor,
the hour being 7 :00 o'clock p. m.
ROLL CALL
Councilmen Present: Balmer, Frederick, Nagel, Stephens
and Mayor Carr;
Councilmen Absent: None.
REPORTS OF OFFICERS
CITY CLERK MADE REPORTS AS FOLLOWS:
1. Advised the Council that the first order of business would be
the adoption of a resolution of interest and necessity for certain municipal
improvements, being Resolution No. 2248, entitled:
A RESOLUTION OF THE CITY COUNCIL .
OF THE CITY OF EL SEGUNDO, CALI-
FORNIA, DETERMINING THAT THE PUB-
LIC INTEREST AND NECESSITY DEMAND
THE ACQUISITION AND CONSTRUCTION
OF CERTAIN MUNICIPAL IMPROVEMENT
AND MAKING FINDINGS RELATING THERE -
TO. ,
which was read. Thereafter, it was moved by Councilman Balmer, seconded
by Councilman Stephens, that Resolution No. 2248 as above entitled, be
adopted.
On roll call, said motion carried and said resolution was adopted
by the following vote:
Ayes: Councilmen Balmer,
Mayor Carr;
Noes: Councilmen None;
Absent: Councilmen None.
Frederick, Nagel, Stephens and
2. The City Clerk advised the Council that the next order of business
would be the introduction of an ordinance calling the election, entitled:
AN ORDINANCE OF THE CITY OF EL SE -
GUNDO, CALIFORNIA, ORDERING, CALL-
ING, PROVIDING FOR AND GIVING NOTICE
OF A SPECIAL ELECTION TO BE HELD IN
SAID CITY ON FEBRUARY 25, 1969, FOR
THE PURPOSE OF SUBMITTING TO THE
QUALIFIED VOTERS OF SAID CITY A PROPOSI-
TION TO INCUR BONDED INDEBTEDNESS BY
SAID CITY FOR A CERTAIN MUNICIPAL
IMPROVEMENT.,
which was read.
It was then moved by Councilman Nagel, seconded by Councilman
Balmer that the further reading of said ordinance be waived. Motion carried
by the following vote:
Ayes: Councilmen Balmer, Frederick, Nagel, Stephens and
Mayor Carr;
Noes: Councilmen None;
Absent: Councilmen None.
-1-
X 258.3
CITY MANAGER JONES MADE REPORTS AS FOLLOWS:
1. Requested Council approval for authority to obtain proposals from
financial consultants for marketing the bond issue should it pass. The consultant
would be asked to prepare a prospectus which would contain financial information
on the City and its ability to pay off the bonds; help in preparing the Notice of
Sale, advertising and seeking out purchasers for the bonds after the bond issue
is approved by the voters.
It was then moved by Councilman Frederick, seconded by Councilman
Balmer and unanimously carried that the City Manager be authorized to solicit
proposals from financial consultants, to be submitted to the Council at a later
date for approval.
No other business appearing to come before this Council at this
session, it was moved by Councilman Frederick, seconded by Councilman
Nagel, that the meeting adjourn in memory of Mr. Frank Ferreri, the hour of
adjournment being 7:15 o'clock p. m. Motion carried.
Respectfully submitted,
APPROVED:
Eunice U. Creason, i y Clerk
Mayor
-2-