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Regular meeting June 27, 2005 DELIVERY OF SPECIAL OBLIGATION BONDS, SERIES 2005, OF THE CITY OF UNIVERSITY CITY, MISSOURI; AND APPROVING CERTAIN DOCUMENTS AND AUTHORIZING CERTAIN OTHER ACTIONS IN CONNECTION THEREWITH. The bill was given its second reading. The bill was given its third reading. Mr. Ollendorff said that bids were taken today. For a very small bond issue that is not backed by general obligation by the City, our consultants were able to accrue five bids from A. G. Edwards, Commerce Bank, UMB, Piper Jeffrie, and Country Club. The best bid was from A.G. Edwards for just over 3.8%, which is a really low interest rate for this type of bond, this type of borrowing and this size. It is thanks to our consultants, Gilmore and Bell, and also to the City’s good financial condition that we were able to secure such a good rate. Ms. Welsch moved adoption and Ms. Colquitt seconded the motion. The Roll Call vote was as follows: AYES: Ms. Colquitt, Ms. Brungardt, Mr. Wagner, Ms. Brot, Ms. Welsch, Mr. Sharpe, and Mayor Adams; NAYS: none. Bill number 8796 passed and became Ordinance number 6566. 8. BILL NO. 8797 - AMENDING CHAPTER 6.04 OF THE UNIVERSITY CITY MUNICIPAL CODE, RELATING TO ANIMALS GERNERALLY, BY ENACTING THEREIN A NEW SECTION TO BE KNOWN AS SECTION 6.04.025 CHICKENS - PERMIT REQUIRED; CONTAINING A SAVINGS CLAUSE AND PROVIDING A PENALTY. Mayor Adams noted that there were several citizens that wished to speak on this issue prior to the second and third reading. Kolby Bray-Hoagland, 7120 Washington Ave., came to speak in support of keeping chickens for organic uses in University City. He noted that the urban chicken was welcome, by ordinance, in the cities of Clayton, Kirkwood, Webster Groves and St. Louis. He has come to love the innovative and tolerant lifestyle of U. City over the years he has lived and gone to school here. He said that, including him, there are five individuals that wish to keep chickens. They have thoroughly researched and studied the proper methods to do so. They wish for the City Council to recognize them, their efforts and concerns. Keeping chickens will provide the lowest cost, high quality organic eggs. It will cost only .86 per dozen for organic eggs if farmed themselves over a dozen organic eggs at Wild Oats for $3.50 or more per dozen. The organic food market is very important and has been growing 20% annually since 1990. Organic foods are considered a trend and area supermarkets and specialty stores drastically mark up the prices. Only the rich can afford clean and healthy food. Chickens also produce manure, which is the best and cheapest form of organic fertilizer. Chickens are Page 13