06-23-1998 CC MINUTES - Laserfiche WebLink

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Minutes of: Date of Meeting: Time of Meeting: Place of Meeting: CITY OF RIVERSIDE CITY COUNCIL Regular Meeting of the City Council June 23, 1998 2p.m. Council Chamber, City Hall COUNCILMEMBERS B M E O A O T R Y E DKC T P E AL HE F NI OA E E F M R N F P S B O S O A RON U D N G H WARDS 1 2 3 4 5 6 7 Roll Call: Present XXXXXAX Mayor Loveridge announced that Councilmember Thompson is recuperating from surgery. CLOSED SESSIONS The Mayor and Councilmembers recessed to the Council Chamber Board Room for closed sessions pursuant to (1) Government Code ~54957.6 to review the City CounciFs position and instruct designated representatives regarding the Riverside Police Officers' Association; and (2) Government Code ~54956.8 to instruct designated negotiator regarding price and terms of payment for the purchase, sale, exchange or lease of the Swim and Tennis Club at 5695 Glenhaven by Marriott Senior Living Services and Timothy Black of Gymnastique, International. The Mayor and Councilmembers returned to the Council Chamber. PARKING, INDUSTRIAL DEVELOPMENT AND ECONOMIC DEVELOP-MENT AUTHORITIES The City Council recessed for the purpose of sitting as the Parking Authority, the Industrial Development Authority and the Economic Development Authority. There being no business to be conducted, the meetings were adjourned; and the body reconvened as the City Council. PUBLIC HEARINGS AT 3 P.M. CONTRACT AWARD PHASE III ENERGY RETROFIT PROJECT SUPPLEMENTAL APPROPRIATION - RESOLUTION 3 P.M.--Hearing was called to consider (1) award of a contract with Landis & Staefa, Inc., for the energy conservation retrofit projects pursuant to Sections 4217.10 through 4217.18 of the California Government Code which allows public agencies such as cities, counties and school districts to enter into negotiated energy conservation contracts to acquire and finance equipment and services to reduce use or to make for a more efficient use of energy; and (2) adoption of a resolution to enter into an agreement with G.E. Capital Public Finance, Inc., to fund the projects over a ten-year period at an approximate interest rate of 5.375 percent. The ten-year energy and operations savings is $2,554,230. The cost is $1,429,600. No one was present wishing to speak on the matter. No protests, written or oral, were presented. The public hearing was officially closed. The City Council (1) adopted a resolution making the requisite findings under Sections 4217.10 et seq. of the California Government Code; (2) awarded a contract to Landis & Staefa, Inc., for the energy conservation program for the Main, Marcy, Arlington and La Sierra Libraries, Fire Stations One through Twelve, City Hall, Islander Pool, the preschool building operated by the National Association for the Advancement of Colored People (NAACP), Poe Substation Building, Transportation Center and Water Quality Control Plant as outlined in the written staff report; (3) approved the financing arrangements with G.E. Capital Public Finance, Inc., to fund the energy retrofit projects over a ten-year period and the re~nancing of the existing loan 83-353