MINUTE RECORD
CITY OF WEEPING WATER
CITY COUNCIL PROCEEDINGS
OCTOBER 10, 2011

            Mayor Howard Stubbendieck called the monthly meeting of the Weeping Water City Council to order at 6:00 p.m. on October 10, 2011 at City Hall with the following members of the Council answering roll: Bob McCaulley, Ray Frew, Kelly Nutter and Mitch Miller. Absent: None. Notice of the meeting was given in advance thereof by publication in the October 6, 2011 edition of the Plattsmouth Journal. The posted location of the Nebraska Open Meeting Act was noted by the Mayor and the minutes of the September 12, 2011 meeting were approved as presented.

            Sealed bids received for the purchase of city excess property described as the West 1/3 of Lot 1, Block 69 were opened by the Mayor, with action on the same being tabled until the latter part of the meeting.

            Brad Slaughter of Ameritas provided updated information in regard to the refunding of the Series 2005 Bonds, which would allow a savings of $18,555 to the City over the term of the bond. Following review of the same, a motion was made by Miller, seconded by McCaulley to adopt the following Resolution. Motion carried unanimously.    

RESOLUTION NO. 11-12

            BE IT RESOLVED AND ENACTED BY THE MAYOR AND COUNCIL OF THE CITY OF WEEPING WATER, NEBRASKA, as follows:

            Section 1. That the following bonds, in accordance with their option provisions, are hereby called for payment on November 17, 2011, after which date interest on the bonds will cease: