The Huntsville City Council held its regular meeting on May 25, 2023, at 5:30 PM in the City Council Chambers. All five council members were present (Meredith, Robinson, Kling, Keith, Little). The meeting included presentations from United Cerebral Palsy and Thrive Alabama, four public hearings on zoning, numerous resolutions for land sales and contracts, and public comments. Key votes included approval of a lease for a Barracuda restaurant (4-1) and appointment of Patricia King to the Bingo Review Committee (4-1).
Pay interest incurred for having the debt outstanding, so that that totals about 800 um thousand in change of interest savings, and then the price that you are paying the bonds off are at a discount to the stated par um that represents of the six point six million outstanding, you'll pay um a little less than five and a half, and so you'll get another million two in savings error relative to paying them off at par at their maturity date. Thank you. You're welcome. Mr. Mr. Keith. One is good news, but this is one lump sum, correct? Yeah, there's two maturities, one lump sum payment. Uh got thank you. You're welcome. So I if I understand correctly, it's about a two million dollar savings uh of taxpayer money. Yeah, over the life of the bonds. Over the life of the bonds, and then in addition to that, we are reducing our debt level. You're paying down your debt. Yep. Uh by six million some dollars. Uh all good news. Is there any any reason we shouldn't do this? None that I can think of. That all sounds good to me. All right. Very good. Any other questions? Any other discussion? All in favor, please indicate by saying aye. Aye. Aye. Any opposed? Very good. The motion carries the resolution is approved. Go by those bonds. And uh there is no other business to come before the council in this special session. So we are adjourned. We're all we're off, but point out that we did that in less than four minutes. I told you. It could be a new record. Right, it is 5 30 on May 25th of 2023, and we are meeting in the City Council Chambers of Huntsville, Alabama. Thanks to all of you that are here with us tonight, as well as those watching online. Please note for the record that all council members, with the exception of Bill Kling, are in attendance. And we are convening this session of the Huntsville City Council, and the meeting will be called to order. We will begin our meeting with an invocation led by Imam Rajib Abdul Moninium with the Huntsville Islamic Center that will be followed by the Pledge of Allegiance led by Councilmember David Little. Please stand for the invocation and pledge. Imam, yes. Our Almighty God. Thank you for all generous blessing that you bestowed upon us. We'll ask for your blessing to bless all of our life, our health, and our wealth, our families. We ask for your guidance to guide us to the truth, to guide us to the do to do the right thing, and to make the right decision, and to help our leaders to make the right decision and to make the meaningful discussion. We'll ask for your guidance and your protection to protect all of us from all kind of trials and tribulations, all kind of tribulation and difficulty. We'll ask you to make it easy for us and open the gates of mercy and forgiveness, and to bring all of us together to work in peace, love, coherence, and cohesiveness. I mean, I mean please face the flag.