1995 ADJ MIN JAN 05 - Laserfiche WebLink

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3. (A) Award of Bid to Pauwels Transformers, Inc. in the amount of $1,0430296. Moved by Councilmember Cook, seconded by Councilmember Beltran, to award the bid for transformers for the New Transmission Line to Pauwels Transformers, Inc., in the amount of $1,043,292. Motion carried by unanimous vote. 3. (B) Second Reading of Ordinance No. 0-20-94, Leaseback Agreement Electric System Improvement. Moved by Councilmember Sandoval, seconded by Councilmember Cook, to pass second reading and adopt ORDINANCE NO. 0-20-94. Motion carried by unanimous vote. 3. (C) Second Reading of Ordinance No. 0-21-94, Establish an Electric System Revenue Fund and Accounts, to provide for the Flow of Funds from the Electric System Revenue Fund. Moved by Councilmember Sandoval, seconded by Councilmember Sanders, to pass second reading and adopt ORDINANCE NO. 0-21-95. Motion carried by unanimous vote. 3. (D) Consider Resolution No. R-128-94 Authorizing the Invitation of Proposals for the Purchase of not to exceed $23,000,000 Aggregate Principal Amount of Bonds of the Colton Public Financing Authority, Approving Notice Inviting Bids, Notice to Sell Bonds and Authorizing the Delivery of a Preliminary Official Statement. Moved by Councilmember Sandoval, seconded by Councilmember Cook, to approve and adopt RESOLUTION NO. R-128-94. Motion carried. Councilmember Bennett voting "NO". Hospital MOU Draft Loma Linda Mayor Bob Christman, 1169 Lozano Place, Loma Linda, addressed the City Council with regard to his concerns on the financial structure for the County Medical Center which will cost $685,000,000. Mayor Christman stated his concern that a feasibility study was not done by the County to determine whether this project would work or not. He said he has done alot of research into the County Hospital and the documents thus far presented do not come close to what is traditionally accepted in the business world. Mayor Christman said the City of Colton is a critical city since it is being built here. Mayor Christman said contrary to the County's claims of no prior opposition to the medical center, there has long been opposition to the placing of the hospital in Colton. The Grand Jury has recommended against the hospital for two years and the County's Blue Ribbon Committee made a recommendation against it. +I JAN 0 5 1995