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_ Session 1315, Minutes Page 13 September 20, 1982 All voted in favor of postponing this matter until the next Council meeting, Octo- ber 11. FIRE TRUCK LEASE-PURCHASE INVESTMENT The City Manager said the City received proposals for the lease-purchase of the aerial-tower fire vehicle which is to be delivered next month. By making lease payments over a five-year period, the City would be able to invest the funds set aside for this purchase and could realize substantial earnings. Since the payments to a leasing agent would be considered as a tax-free municipal loan, the interest rate the City could earn on its funds would amount to considerably more than the interest or carrying charges. The most favorable proposal was that submitted by Commerce Bank, which would take the form of a renewable annual loan. The floating interest rate would be less than the amount that could be earned by the City. In- terest earnings would be utilized to reduce the annual loan payment, and based on the current prime rate, the amount earned by the City would exceed the total of five annual loan payments by more than $70,000. Mr. Ollendorff recommended accep- tance of the proposal from Commerce Bank. Mr. Adams moved approval. Mr. Schoomer seconded the motion, which carried unani- mously. SITE PLAN - 8600 OLIVE BOULEVARD (DAIRY QUEEN RESTAURANT) The City Manager recommended approval of a site plan at the Dairy Queen store, 8600 Olive Boulevard, which included two indoor commercial amusement devices. The site plan met all zoning code requirements and standards, and as long as the video games were limited to two, it would not be considered an amusement center. Thus, there were no additional business license requirements. Responding to Mr. Adams, Mr. Ollendorff said he knew of no other machines of this type in the immediate area. Mr. Lieberman reminded the City Manager that he had asked some time ago whether or not the number of participants and the age of participants could be limited in an establishment which has amusement devices. Mr. Ollendorff said the code would have to be amended to provide for those restrictions, and he could not say whether those provisions would be constitutionally acceptable. The code's only restriction now is an age limit (18) in a business which was predominantly an amusement center (there are no amusement centers in University City). Mr. Lieberman asked that this be looked into with a view toward putting a limit on the number of participants allowed in an establishment in which amusement devices were not the predominant part of the business. Mrs. Thompson moved approval. Mr. Levy seconded the motion, which carried unanimously. SITE PLAN - 6665 DELMAR BOULEVARD The City Manager recommended approval of a site plan for temporary use of part of the second floor at 6665 Delmar for classroom purposes by Childgrove School. The applicant has agreed in writing to conditions recommended by the staff, as follows: