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1975-08-18 Meridian City Hall • August 18, 1975 et called to rder the Ma or, Don N.. storey t: h', D. Skiv r• Ke .neth Rasmussen; Marv B fine; ohn Navarro. he Mayor stated that the 5 Acre Recreation Park at t is t e ne dad Engin Bred plans and drawi gs t prase t to the Bureau of P rks nd Re reation in or er to proceed with t e pr sect. he motion was made b Ma n Bo ne and seconded by K nnet Ras seen. hat t e J U B Engineers be empl ed t Engineer the plannin and Drawi a for t e Comprehensive plan for a 15 cre Park Development that will volve HUD a d Bureau of 9utdoor - ecru ion ants. Motio passed. Skiver, ye ; Ra sse , Yea; °odine, Yea;. N varr , Yea is Orton, the repres ntat a of he JUH Engineers pre ant a pr posal as to th manner that the pre enta ion c ld be proposed. H U D $35,000. y are Western Ada Recreati n Di trict , • here 10,00©. ureau o u oor a Amount of the Begs rea Wing on of Pr sect .110,000. r. Orton further exp acne that the for the first Pha e, he 8i y could enter into a $ 40,000.00 rode t, wi h the balance to be ques ed ae the probe t continues. he Mayor and Council disc seed he Fluoridation of th Cit Wate that was begun December 16, 1954 en a deleg tion of many residen s req ested that the in~iec ion of additional Fl grid a be nitiated, because de fists reco ended that his would help the d veld ent f children's teeth. t t~h t t~:m the Council passe a motion to proceed with this rogram. his program through hey are h s been a continually isin cost of operation; ?fLme equired to perform t e da ly an continual supervisi ; of new equip- . ment equired to be instal ed each new well, as well as he c ntinu 1 main- tena ce of these installat onsj the ore complicated and ophis irate reports raga ed by the State Heal h De artme t, etc. e motion was made Jo Nav o and seconded by K et Rasmu sen that the fluoridation tre ment with the City be discont ued, due .the cost and s_pervision invo ed the ro am and to the fa t tha some of the wp,l l s have AAARed to f»nc~4f _ a 2. Meridian City Hall • August 16, 1975• of on eased Skiver ea• Ra ssen Yea• Bodine Yea• Na rro Yea. T M or discussed the matt r of location for the wa er to er t t is t o t or the hi h round ear t o Sou h East o b dded a cit to u e an ~~}~ _. a and t the h s reed to onate a r e1 of o to 10 ' 1 ' more R c Orton the En-inner e e entat ve of J U B is to se ure t e nec ssary escri tion and prepare the eed o the land to the satisfac ion f the ity and o Mr. Hon. A; Skiver, the police ommi sione , explained to the C y C cil, that rime son the increase in his rea, Meridian as well a on nati a1 evel. He suggested that oche poli a officer be conside ed. his tter as di cussed and it was dec ded hat i was not budgeted, sh uld b coca- ider in next year's budg M Bodine mentioned t t th Ceme t Mixer that had bee dis ssed t a revio s meeting would Indic tot ton could be rented for 30 t es t pay or a ew mixer. He furthe stet d the if the mixer was to have cont al use n thi range, then a new o e sho d be considered. Ed Felling, repres~ntin Bosw rth a d Sullivan as our Fi cal gent r the 2,325 000.00 bond issue sa a was prese t to explain the rep ymen prog am nec- ssary to repay the bonds dint rest. He stated that then wo d be con- idera le savi.n over the ars r con ideration of a 20 ye r to or 30 year _ - erm o Bonds,~also that th 20 ar to would be better re eive . I was ointed out r. Fe sin. swell as Ric Orton that the r payment chedu a that had been~res rated revio 1 had been too cons rvat ve an that now t wou d a ear that with a cons erati n of os oning payme t of princ pal for ome o the first few ears the bond r a ant and intere~-t rape ant ould be et ev n with a 20 ear bon er od. a ecis on co terrain a 3. Meridian City Hall ~~ August 18, 1975. hem ner of annual repaym t of call in Bonds; as to wh ther to co eider ligh front progressing t larg r pa ents to the running f th Bond or to onsid r a more flat amount that ould pread more evenly to the nin of the onds. T e motion was made b D. Skive and seconded b Ken et asmus en that he Ci instruct the fisca a en to a are the rocesses or a 20 a Bond th 1 ght payu~nts in the a inn n an with re ants ro ress ve rger or th runnin of the Bond . lotion assed: Skiver Yea• kas seen Yea• Bodine Yea Na arro Yea. M Felsin stated tha he shed o remind the Council that the C ledges o rai a the ents to re Bo ds as the become due in w atev r r is ecess . M Felsing also state that he wi 1 roceed with the r tei a 1 cation roe a tus and whatever of er ma tars re necessar to roc ed w th th bond ales statin that the ho t tha October 1st 1975 w d a g od time nd to get date to set for a Bo d sal s ve or take a Ye day . Tt ere b+~ing no other bu sines to c me before the Counci th meet g tood d~ourned. ttest ~ r - er cc Mayo and Council; B. St t; C of een; Sumner; Nam- Irrigation; Ada Zo ; C mmiss ©sers; c • MFPInIAN OOtJO INTFPJ'ST PAYHJ'tITS STAR7 RATE: 5/01/75 2,325,000 COUPntJ DATE PRINCIPAL RATE ItJTERFST 3/01/76 9/01/76 20,000 7.T50~ 3/01/77 9/01/77 25,000 7.750$ - 3/01/78 9/01/78 25,000 ?.750$ 37ni/74 9101/79 30,000 7.75n° 3/nl/90 9/01/80 30,000 7.75nt 3/nl/?1 X701731 30,000 7.75^? 37nvR2 ' 9/01/82 ~ 35,00 7.75nt 3/al/83 9/01/83 35,000 7.75ot 3/01/84 9/01/94 40,0^~ 7.75os, 3/01/85 9/01/35 40,000 7,7503 3/OZ/8fi 9!01/96 JJS,oeo 7.750 37nI/R7~ 9/ol/8T 50,000 7.7501 3/01/88 9/n1188 50,000 7.75no 3/o1/a4 9/01/84 6n,o00 7.75^9 3701/90 9/01790 60,000 7.75^t 3/01191 9/01/91 65,004 7,75n$ 3/01792 ~/O1/92 70,000 7.75^$ 3/01/93 9/01/93 75,On!+ T.75ot 3701/94 971/94 Rn,Onn 7.75nt ?/nl/55 9/01705 5o, ono 7.750$ 3/07/56 9/01/46 95,000 7,750$ 3/01/47 5/01/97 100,000 7.75nt 3/01/98 9/01/98 lln,o0o 7.75n"~ 3/01/99 9/n1154 12n,0o0 7.75nt 3101/nn o/oi/0o 130,Onn 7.75oe 3/01/01 9/01/01 140,000 7.7501 3/0l/02 9/01/02 150,004 7.7501 3/01/03 9/01/03 160,000 7.750 3/ol/0u 9/oi/o4 175,000.. 7.75nt 3/o1/n5 9/01/05 190,000 7.750t TOTALS 2,325,000 9n,n53.75 90,0^3,~5 85,318.75 89,318.5 8R,35o.n0 8a,35n.no 87,38/..'.5 8T 3n1.25 , 8F,21P,75 8< ''1? °5 -- ., ~'5 Oc6 25 85,^~~.?5 83,PO3.75 83,853.75 8z,537.5n 82,537:50 81,1J?1.25 81,1II1.25 75,F?1.25 7;631.25 7P,n?1.2F 78,On1.25 7E;337.50 7!,337.50 74,400.00 74,4n0.00 72,hE2.50 72,42.50 ?n,137.5n 70,1?7.50 67, P.12. 50 67,812.50 65,23.75 65,253.'5 62,581.:5 62,5`•'1.?5 ~0 ~75,n0 ~q~F~S,nn 5°,575.^0 5E,575.00 53,^"7.50 53., ^87.50 45,4n6.25 49,406.2.5 +!5,531.25 JJS, 531.25 41,2fi8.T5 41,26P,75 36,F18.75 36,618.75 31,581.25 31,581.25 26,15F.?.5 2F.,156.?.5 2n,343:75 20, 3JJ3.'-5 1.4,143.75 14,143.75 7,3fi2.50 7,352.50 3,725,^37.50 PAYJJENT 90,093.75 110,093.75 80,318.75 11JJ, 318.75 88,35n,n0 113,35n.00 87,~>?1.25 117,381.25 86,218.75 116,218.75 85,n56.25 115,n5E.25 83,t'P3.75 11?,°?3.75 82,537.5a 117,537.50 81,181.25 121,181.25 75,F31.25 110,(31.25 78,^P,1,25 123,081.25 TF,'37.50 12E,337.50 74,IJnn,nn 124,4^0,n0 72,4E2.50 132,JJ6z,5o 70,137.50 13n,13T.54 67,P12.50 132,P12,50 65,?.93.5 135,'53.75 62,581.25 13?,581.25 59,675.n0 13Q,675.no 56,575. no iIJF, 575.00 53,^°T.Sn 148,4J?7,5o go,hn6.25 1ho,4o6.25 45,531.25 155,531.25 41,268.75 161,266.75 36, 61 P,. 75 166,61°.T5 31,581.25 171,581.25 26,156.25 176,156.25 20,343.75 180,343.75 14,143.75 189,143.75 7.3F2.50 1?T,362,5n YEAP.LY P,1YJIENT 2~n,iJ?7.54 2n3,637.50 201,700.00 2nJ!,7F2.50 202,-~37.50 2nn,112.54 2n2,787.°0 2b0,OT5.00 202,362.5n 15,25?..5n 201,162.50 202,675.00 199,Rn0,On ?.o+t,n25.00 2^0,275.^n 200,625.n0 z0o,587.5n 200,162.5n 1~~,354.nn 2n3,15n,n0 ?_01,375.00 1~8,P12.54 2o1,oF2,54 202,537.50 203,237.54 203,162.50 202,312.50 2nn,6R7,50 zo3,287.50 204,?25.00 6,n5n,o37.50 (. h1EPiDlAM ~ • LiOt:D iN7ERES ,TART DATE: MF~7T5 T PA 4/01/75 • 2,321 ,000 COUP(`N YEAP.LY DATE PRINCIPAL. RATE INT[P.~ST PAYMENT PAYMENT 3/01/76 9n,n9?,/5 90,093.75 9/01/76 20,040 7.7509 9o,n°9.~5 lln,n93.75 200,187.5n 3/01/77 89,318,75 8Q, 318.75 9/0//77 25,000 7.7508 8~,318,~5 11A,318.75 zn3,637.50 3/01/78 8R,35o•n4 88,35n,n0 9/01/78 25,000 7.75c~ A8,354.00 113,350.40 201,700.00 3/01/79 !37,381.25 A7,?81.25 9/01/79 30,000 7.T5n^ 8T,3s?1.25 17.7,381.25 204,762.54 3/01/80 86,218,75 86,218.75 9/01/80 3n,o4o 7.75n' R~,21°,75 116,218.75 zo2,ir3T•50 3/nl/81 "5,oF6.25 85,n5f.25 9/O1!A1 30,000 7.75n$ A5,n5~,25 115,45E.25 2nn,112.54 3/nl/R2 R3,Pn3.75 83,nO3.75 ' 9/01/82 35,000 T.750~ 83,803.75 118,893.75 242,787.54 3/01/83 8z,5?7.54 82,537.50 9/01/83 35,o0n 7.750$ 82,537:50 I17,537.5n zoD,e75.o4 3/O1/8k $1,181.25 R1,1A1,25 9/01/84 40,0^~ 7.7504 u1, 181.25 1?.I,1R1,.'_5 202,32.54 3/01185 79;6?1.25 79,631.25 4/01/85 40,000 7.7509 79;6'1.25 110,631,25 199,262.5n 3/01/86 7R,nR1.25 78,nF,I.25 9!01/96 45,000 7.750 7E,OR1.25 123,481.25 201,262,54 3/n2/8TH 76;337.50 TF,?37.5!.1 9/01/87 50,000 7.7500 76,3?7.5n 126,337.50 202,675.04 3/01/88 74,400.44 74,ltnn,nn 8 9/nl/88 50,ono 7.75n^ 7k,4n0.n0 124,4~o,nn ,Rnn,04 1p 3/01/89 T2,L1(2,50 72,ir62.50 9/01/89 F4,o40 T.75n9 72,tic2.5o 13z,116z.5o a.o4,~25.no 3101/44 74,131.54 70,137.50 ~/OI/9o 6n,4on 7.75nA 74,1?7.5n 130,137.54 2^D,z'5.44 3/1/91 67,812.54 67,P1z.5e 9/01/91 65,000 7.754$ 67,812.50 132,°12.50 200,625.?4 ~/O1/92 ,/01/92 7D,Dn0 7.754$ 65,23.75 65,2~3.~5 65,2.93.°5 135,93.75 2ao,587.54 3/01!93 62,51.25 F.2,5R1.25 9/01/93 75,044 7.7500 62,5`-'1.25 137,581.25 200,162.5n 3/oi/9k 50,675.40 5~,6T5.4o 9/O1/41L RD,Onn T.75n9 5~,F75.nn 130,675.no 1^0,354.40 3/nl/05 5~,575.nn 56,575.4D 9/01/95 9o,oon 7.7549 . 5E,575.44 11~~,575.4D 2n3,15n.nn 3/01/46 ' 53,087.54 4A 0 53,nr7.5n 11r8 4e7 5o 201 175 00 9/01/96 95,000 7.750 T,5 53., , . , . 3/01/97 49,4(.16,25 lLO,4^6.25 4/0//97 1oo,ooD 7.750$ kq,4n6.25 1114,11oF,z5 10Q,Q12.50 3/01/98 115,531.25 45,531.25 9/01/98 1/0,000 7.75n9 115,531.25 155,531.25 201,nf2.50 3/01/94 41,26A,75 41,?.68.75 9/01/44 i2n,ooo 7.75^$ 41,268,75 161,258.75 202,537.54 3/01140 35,618.75 36,FiP,,75 " 9/0l/00 130,000 T.75n$ 36,618,75 166,61°.75 zo3,237.5n 3/01101 31,581.25 31,581.25 9/01/01 140,000 7.750 31,581.25 171,581.25 203,162.50 3/01/02 26,156.25 26,156.25 9/01/02 150,000 7.7508 26,156.25 176,156.25 202,312.50 3/01/03 2n,343.'75 2o,3k3.75 9/01/03 1[0,000 7.750+6 20,3113.75 1A0,3113•T5 2nn,~RT,Sn 3101/44 1k,1113.75 .14,143.75 ?/0l/04 175,000 . 7.754a 14,1+13.75 189,11j3.75 2o3,2A7,50 3/01/45 7,362.5n 7.3E2.50 9/01/45 190,000 7.75ot 7,352.50 1g7,362.5n 2ok,725.00 TOTALS 2,325,000. 3,725,^37.50 6,n5n,n37.5'1