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MINUTE ORDER <br /> CITY COUNCIL MEETING <br /> <br /> August 17, 1998 <br /> MO. 98-220 <br /> <br />CITY CLERK DEPARTMENT <br />Redwood City <br /> <br />DATE: August 21, 1998 <br /> <br />Attention: City Manager <br /> City Attorney <br /> Finance Director <br /> <br />SUBJECT: Commitment letter by KBC Bank obligating KBC Bank to issue a <br /> letter of credit to the City of Redwood City relating to the City Hall <br /> bond issue (100) <br /> <br />Meeting of the Council of the City of Redwood City on August 17, 1998. <br /> <br />Present: Councilmembers Bain, Claire, Hartnett, Ira, Leipzig, Ruskin <br /> and Mayor Howard <br /> <br />Absent: None <br /> <br />The following motion was made, carried and entered on the Minutes: <br /> <br /> M/S: Hartnett, Ruskin, to authorize the City Manager to accept <br /> the terms outlined in a commitment letter prepared by KBC Bank <br /> that obligates KBC Bank to issue a letter of credit to the City <br /> <br /> Adopted by roll call vote with Council Member Leipzig dissenting. <br /> <br /> Dorothy M. Cornelius <br /> Acting Deputy City Clerk <br /> <br /> <br />