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CC MINS 19790201 SPC MINUTES CITY COUNCIL SPECIAL MEETING FEBRUARY 1, 1979 The meeting was called to order at 7:30 P.M. by Mayor Ken Dyda in the Palos Verdes Unified School District Building, 30942 Hawthorne Boulevard, notice having been given with affidavit thereto on file. PRESENT: BUERK, SHAW, HEIN & MAYOR DYDA IIIABSENT: RYAN At 7:36 P.M. on unanimous motion of Councilman Buerk, seconded by Councilwoman Hein, the meeting was adjourned to the City Manager's Office an recovened at 7:37 P.M. PURCHASE OF LOMA DEL MAR AND Council discussed the terms, price and interest TIERRA ALTA SCHOOL SITES (1401x1201) rate for the purchase of these two surplus school sites. Councilman Buerk moved to authorize the City Manager to submit a bid for purchase of the Loma Del Mar and Tierra Alta sites for a total purchase price of $1,300,000 to be financed at the rate of 6.2% over eight years. The motion was seconded by Councilwoman Shaw and carried on the rollowing roll call vote: AYES: BUERK, SHAW, HEIN & MAYOR DYDA NOES: NONE ABSENT: RYAN Councilman Buerk moved, seconded by Councilwoman Hein to authorize the preparation of legal descriptions if the City's bid for purchase is accepted. The motion carried unanimously. ADJOURNMENT: At 8:30 P.M. the meeting adjourned on motion of Councilman Buerk, seconded by Councilwoman Shaw. � i/e ;;W-& -5r MAYOR LEONARD G. WOOD, CITY CLERK & EX OFFICIO CLERK OF THE COUNCIL 241ylir;, & � AJ ' -,/ vi'PUT' AO