Board of Aldermen 11-23-2021 Page 14
President Wilshire
We are.
Alderwoman Lu
Okay. These bonds have already been sold | thought and we're paying interest on them.
President Wilshire
So you want to know what the interest rate is?
Alderwoman Lu
Like | said, the interest rate. Yes.
President Wilshire
| don't have that information.
Alderwoman Lu
Is there anyone? Treasurer Fredette? Okay. | wondered whether they had been part of a refinance of that debt so that
they're at more current levels. I'm not generally in favor of rolling over this debt into another project and that's why |
asked. | thought | saw Mr. Fredette?
President Wilshire
Well he may not be prepared to answer that question. You might have asked him when you saw the agenda. He might
have been able to answer it before the meeting.
Alderwoman Lu
Right and | did not and if he's not able to answer it, then he can certainly tell me that. | don't think he's here so thank you.
A viva voce roll call was taken which resulted as follows:
Yea: Alderman O’Brien, Alderman Klee, Alderman Dowd, Alderman Caron,
Alderman Clemons, Alderman Lopez, Alderman Jette, Alderman Schmidt,
Alderman Cleaver, Alderwoman Harriott-Gathright, Alderman Wilshire 11
Nay: Alderwoman Lu 1
MOTION CARRIED
Resolution R-21-191 declared duly adopted.
R-21-192
Endorsers: Mayor Jim Donchess
Alderman-at-Large Michael B. O’Brien, Sr.
Alderman Patricia Klee
Alderman Richard A. Dowd
Alderman Thomas Lopez
Alderman Linda Harriott-Gathright
Alderman Skip Cleaver
Alderwoman Elizabeth Lu
Alderman-at-Large Lori Wilshire
AUTHORIZING THE MAYOR AND CITY TREASURER TO ISSUE BONDS NOT TO EXCEED THE AMOUNT OF
THREE MILLION DOLLARS ($3,000,000) FOR ADDITIONAL COST FOR THE DESIGN AND CONSTRUCTION OF A
DIVISON OF PUBLIC WORKS OFFICE FACILITY
