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AN ORDINANCE TO CONSIDER APPROVING PIPER SANDLER AS FINANCIAL ADVISOR FOR THE 2021 SPECIAL OBLIGATION REFUNDING BONDS AND A FUTURE GENERAL OBLIGATION BOND ISSUE

City Manager Gipson reported that in 2019, the City entered into an agreement with Piper Jaffray, now Piper Sandler, for municipal financial advisory services. The City is again in need of services related to two upcoming bond issues which are the 2011 Special Obligation Bonds refunding (refinancing) and the 2014 General Obligation Bonds refunding. These bond issues will occur over the next few months and the City and citizens should realize significant interest savings over the remaining life of the bonds. Todd Goffoy, Piper Sandler, was in attendance (virtually) to answer questions. Alderman Berkowitz introduced Bill No. 6863, to approve an ordinance designating Piper Sandler as the City’s financial advisor for the 2011 Special Obligation Bonds refunding and the 2014 General Obligation Bonds refunding to be read for the first time by title only. Alderman McAndrew seconded. City Attorney O’Keefe reads Bill No. 6863, first reading, an Ordinance Designating Piper Sandler as Financial Advisor for the City of Clayton, Missouri, for a Refunding of the 2011 Special Obligation Bonds and a Refunding of the 2014 General Obligation Bonds and Establishing Terms and Conditions for Such Services by title only. The motion passed unanimously on a voice vote. Motion made by Alderman Berkowitz that the Board give unanimous consent to consideration for adoption of Bill No. 6863 on the day of its introduction.

The motion passed unanimously on a voice vote. Motion made by Alderman Berkowitz that the Board give unanimous consent to consideration for adoption of Bill No. 6863 on the day of its introduction. Alderman McAndrew seconded. The motion passed unanimously on a voice vote. Alderman Berkowitz introduced Bill No. 6863, to approve an ordinance designating Piper Sandler as the City’s financial advisor for the 2011 Special Obligation Bonds refunding and the 2014 General Obligation Bonds refunding to be read for the seconded time by title only. Alderman McAndrew seconded. City Attorney O’Keefe reads Bill No. 6863, seconded reading, an Ordinance Designating Piper Sandler as Financial Advisor for the City of Clayton, Missouri, for a Refunding of the 2011 Special Obligation Bonds and a Refunding of the 2014 General Obligation Bonds and Establishing Terms and Conditions for Such Services by title only. The motion passed on a roll call vote: Alderman Lintz – Aye; Alderman Berkowitz – Aye; Alderman McAndrew – Aye; Alderman Buse – Aye; Alderman Patel – Aye; Alderman Feder – Aye; and Mayor Harris – Aye. The bill, having received majority approval was adopted and became Ordinance No. 6720 of the City of Clayton. A RESOLUTION TO CONSIDER AUTHORIZING THE OFFERING FOR SALE OF SPECIAL OBLIGATION REFUNDING BONDS

City Manager Gipson reported that the City will be issuing bonds for the purpose of refunding, similar to refinancing, an outstanding bond issue where the City can experience savings over

The motion passed unanimously on a voice vote. A MOTION TO CONSIDER APPROVING THE ALDERMANIC COMMITTEE ASSIGNMENTS

City Manager Gipson reported that to be consistent with the Charter requirements all appointments/assignments to the Boards and Commissions requires approval by the Board of Aldermen. Mayor Harris has proposed that Alderman Gary Feder is assigned to the Clayton Equity Commission, the Economic Development Advisory Committee, and the Non-Uniformed Employees Retirement Fund Board. Motion made by Alderman Berkowitz to approve the appointment of Alderman Gary Feder to the Clayton Equity Commission, the Economic Development Advisory Committee, and the Non-Uniformed Employees Retirement Fund Board. Alderman McAndrew seconded. The motion passed unanimously on a voice vote. A MOTION TO CONSIDER APPROVING AN APPOINTMENT TO THE BOARDS AND COMMISSIONS

City Manager Gipson reported that Mayor Harris has reviewed a recommendation to appoint Peter Love, Ward 3 (appointment for a 6-yr term through June 30, 2027), the Industrial Development Authority of the City.

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Motion made by Alderman Berkowitz to approve the appointment of Peter Love to the Industrial Development Authority. Alderman McAndrew seconded.

The motion passed unanimously on a voice vote.

Other

Alderman Berkowitz reported on the following: • Plan Commission/ARB • Ward 2 resident – issue with parking spot • Art Fair – great event!

Alderman McAndrew reported on the following: • Parks & Recreation – o Parks & Recreation Master Plan o PD - Community survey

Alderman Buse reported on the following: • Parks & Recreation • Art Fair

Alderman Patel reported on the following: • Art Fair

Alderman Feder reported on the following: • 911 ceremony • Art Fair

Mayor Harris reported on the following: • Art Fair – Mayor’s Innovative Artist Award – winner is a former officer turned artist from Ann Arbor, Michigan.

City Manager Gipson reminded the Board about the BOA/Staff retreat scheduled for September 21-22; Announced that Janet Watson will be retiring in October – preparing an organizational restructure.

There being no further business the meeting adjourned at 9:04 p.m.

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Mayor ATTEST: ____________________________ City Clerk