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present as well as Directors Pae and Butler. We began with a discussion of <br />Resolution 8975 -18. Director Pae explained that request for proposals yielded <br />one proposal for prisoner meals and so Discount Drug Mart was recommended <br />— we authorized the Purchasing Manager to enter into an agreement with them <br />to provide prisoner meals for this year. We typically have received those meals <br />in the past from BiRite on Madison which has since gone out of business. <br />We then heard a presentation from Jeffrey Rink and Catherine Schwartz, a <br />representative from Key Bank and Bond Counsel respectively. We had a very <br />thorough discussion about the ordinances that appear on the agenda tonight; <br />agenda items 10 -19 which deal with the issuance of special obligation, income <br />tax revenue notes. Had a long view discussion of Lakewood's issuance of debt <br />and at the conclusion of that discussion recommended adoption of all those <br />ordinances. We'll be deferring those this evening but they'll be up for third <br />reading on March 51h <br />We then had a discussion of lease ordinance — a very brief discussion, not quite <br />complete so we'll be resuming that discussion on March 5 when the Committee <br />meets again. <br />We also heard from Director Butler on the ordinance that has to do with item 9 <br />on your agenda this evening and it has to do with the municipal net profit taxes <br />and the collection of those. Director Butler explained and I'm sure he'll detail <br />this as the item comes up that he will ask that Council adopt this on second <br />reading this evening. The implementation of that law is subject to a lawsuit to <br />which Lakewood and many other municipalities are a party and Council's <br />Finance Committee recommended adoption of that ordinance this evening by a <br />vote of 3 -0. <br />Finance Committee will meet again on March 5. <br />Motion by Mr. O'Leary, seconded by Mr. Anderson, to receive and file the oral <br />report. <br />Motion adopted. All members voting yea. <br />8. RESOLUTION 8975 -18 — A RESOLUTION to take effect immediately <br />provided it receives the affirmative vote of at least two thirds of the <br />members of Council, or otherwise to take effect and be in force after the <br />earliest period allowed by law, authorizing the Purchasing Manager to <br />enter into an agreement for prisoner meals with Discount Drug Mart <br />5 <br />