SPECIAL City Council Meeting

CITY OF LYNDEN CITY COUNCIL MINUTES OF SPECIAL COUNCIL MEETING Special City Council Meeting May 9, 2024 1. CALL TO ORDER The special council meeting was called to order at 3:45 pm. ROLL CALL Members present: Councilors Gary Bode, Lee Beld, Gary Vis, Brent Lenssen, Nick Laninga, Kyle Strengholt and Mark Wohlrab. Members absent: None. Staff present: Interim Finance Director Christy Fowler, Police Chief Steve Taylor, City Clerk Pam Brown, and City Administrator John Williams. 2. NEW BUSINESS ORD-24-1686 Line of Credit Peoples Bank Ordinance No. 23-1670 was approved by council on July 17, 2023. It allowed for a renewal of our Line of Credit revolving account with Banner Bank. The City received an offer from People's Bank to take over the funding of this line of credit at a rate of 5.75%, which is .03% less. The City's Bond Counsel and Finance Director have reviewed this proposal for a vendor change. Motion made by Councilor Bode, seconded by Councilor Strengholt to adopt ORD-24-1686. Motion passed 7-0. 3. ADJOURNMENT The May 9, 2024 special council meeting adjourned at 3:52 pm. PdmdcLO.&^fuon r~\X^ 1^, Pamela D. Brown, City Clerk Scotf Korthuis, Mayor 300 4th Street, Lynden, WA 98264 www.lyndenwa.org