The Jefferson City Council met Tuesday night in regular session.

The Council approved selling and authorizing the issuance of $2.46 million in general obligation bonds. The Council approved the lowest of five bidders with First Bankers’ Banc Securities in St. Louis, Missouri. The bond was originally $2.54 million, but due to having the right reserved to adjust the amount for the bids, the total amount was $2.46 million. The winner bidder will pay $2.55 million to the City, giving the City an extra $90,000 in principal amount with an interest rate of 2.63-percent.

The Council also approved purchasing equipment and containers for automated trash collection. The total cost of a new automated garbage truck, a rear loading garbage truck with flippers, 1,482 95-gallon garbage containers, 300 65-gallon containers, along with trading in one of the existing garbage trucks was $515,181. The start date for automatic residential garbage pickup is September 2nd. 

Other action items the Council approved included a plat of survey for a resident to sell a parcel in the Country Club Estates; consent to assignment of UMB Bank, which bought Bankers Trust, as the Trustee agent as presented; and the third readings to amend two ordinances to increase the compensation for council members up to $60 per meeting and the mayor up to $400 per month. Additionally, the Council set July 9th as the public hearing dates for an amendment to the Urban Revitalization Plan and the Status of Funded Activities for the Community Development Block Grant Owner Occupied Rehabilitation program with Region XII Council of Governments.