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Winfield council backs 4.9% bank bid, authorizes mayor to pursue Big Mike Steakhouse incentive and approves bills
Summary
At its Oct. 21 meeting, the Winfield City Council accepted a 4.9% five‑year loan bid for $34,174, voted to authorize the mayor to execute an incentive agreement to attract Big Mike Steakhouse to city property near Exit 30, tabled a personnel evaluation and approved accounts payable.
The Winfield City Council on Oct. 21 accepted a 4.9% loan bid for $34,174 over five years and authorized the mayor to negotiate and execute an incentive agreement with Big Mike Steakhouse, city officials said.
At the start of the meeting, the presiding official presented two sealed bids for a five‑year, $34,174 financing package: State Bank Trust offered the loan at 4.9% with no bank fees, while System Bank of Winfield bid 5.75% with no fees. The mayor recommended the State Bank Trust bid; a motion to accept the recommendation was made and the council approved it by voice vote.
The council also amended the agenda to allow the mayor to finalize an incentive agreement with Big Mike Steakhouse, which intends to locate near Exit 30 across from the Hampton Inn on city property. The mayor said he had been "talking with Big Mike Steakhouse" and requested authority to "work with them and execute an agreement;" the motion to amend the agenda passed after a motion by Keith and a second.
The body voted to approve accounts payable after a motion by James and a second from Larry; the vote was recorded as "all in favor" on the record. The mayor asked that a fully typed personnel evaluation be tabled because a majority of council members were not ready to consider it; the council agreed to table the item and revisit it next week. One council member suggested assigning the evaluation work to Janet Park or Angie.
Votes were taken by voice; no roll‑call tallies were read into the record. The meeting agenda indicated follow‑up on the loan and the incentive agreement will appear in subsequent meetings as needed.
Action at a glance: - Loan bid selection: Accepted State Bank Trust bid for $34,174 at 4.9% interest for five years (motion approved by voice vote). - Incentive agreement: Council authorized the mayor to execute an incentive agreement with Big Mike Steakhouse (motion approved by voice vote). - Accounts payable: Approved (motion by James, second by Larry; voice vote "all in favor"). - Personnel evaluation: Tabled for further consideration and reassignment.
The council did not record roll‑call vote counts on the public audio; meeting minutes should reflect precise vote records when published by city staff.
