HomeMy WebLinkAbout04-29-1976 Emergency Meeting1
I "ICROFILMED 4.24 -80
EMERGENCY MEETING
CITY COUNCIL
APRIL .29, 1976
AN EMERGENCY MEETING OF THE CITY COUNCIL OF THE CITY
OF CAPE CANAVERAL WAS HELD ON APRIL 29, 1976 AT CITY HALL
105 POLK AVENUE, CAPE CANAVERAL, FLORIDA AT 1:24 P.M.
THE MEETING WAS CALLED TO ORDER BY MAYOR FRANKLYN P.
MACLAY.
THE ROLL WAS CALLED BY THE CITY CLERK. OFFICIALS
PRESENT WERE: MAYOR FRANKLYN P. MACLAY, COUNCILMEN L.C.
NICHOLAS AND E.H. RHAME; CITY MANAGER ALBERT FRANCIS, CITY
CLERK ANITA J. OSTROM. COUNCILMAN G.J. SALVAGGIO WAS
ABSENT DUE TO OUT OF TOWN BUSINESS. COUNCILWOMAN MRS. ANN
THURM WAS ABSENT DUE TO ILLNESS.
ITEM 1. COUNCIL AUTHORIZATI'QN TO FINANCE INSURANCE
PREMIUM
MR. FRANCIS EXPLAINED TO COUNCIL THE NECESSITY OF THIS
ACTION DUE TO LACK OF CASH ON HAND, HE STATED THAT MACMILLAN,
BUCHANAN AND KELLEY INSURANCE CARRIERS HAD OFFERED A FINANCING
METHOD TO TAKE CARE OF THE $11,067 INSURANCE INVOICE, WITH A
DOWN PAYMENT OF $2,067 AND THE BALANCE OF $9,000 TO BE PAID
OVER A TEN -MONTH PERIOD. THIS BALANCE COULD BE PREPAID AT
ANY TIME WITHOUT PENALTY. MR. RHAME MOVED THAT THE MAYOR
AND THE CITY CLERK BE AUTHORIZED TO ENTER INTO A CONTRACT FOR THE
CITY WITH THE FINANCIAL INSTITUTION TO FINANCE THE INSURANCE
PREMIUM AS PER TERMS AS PRESENTED. MR. NICHOLAS SECONDED THE
MOTION. MOTION CARRIED UNANIMOUSLY.
BY MOTION OF MR. NICHOLAS, SECONDED BY MR. RHAME,
MEETING ADJOURNED AT 1:34 P.M.
APPROVED THIS 4TH DAY OF MAY , 1976.