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MIN 01-03-22
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MIN 01-03-22
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1/19/2022 11:07:17 AM
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Office Of Council
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Minutes
Date
1/3/2022
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President O'Malley made a motion, seconded by Vice President Litten, to receive and file the <br /> results of the elections. All members voted in favor. Motion passed. <br /> ****OLD BUSINESS**** <br /> Motion by President O'Malley, seconded by Vice President Litten to suspend the rules to <br /> allow for the reading of items 41 through 47 consecutively. <br /> A roll call vote was taken as follows: <br /> Yeas —Bullock, Kepple, Litten, O'Malley, Rader, Shachner <br /> Nays —None <br /> Motion passed. Items 41 through 47 were read consecutively. <br /> 1. ORDINANCE 53-2021 — AN ORDINANCE to take effect immediately provided it <br /> receives the affirmative vote of at least two thirds of the members of Council, or otherwise <br /> to take effect and be in force after the earliest period allowed by law, authorizing the <br /> issuance of special obligation income tax revenue notes in the amount of not to exceed <br /> $2,050,000 in anticipation of the issuance of bonds; to pay the costs of improving parks <br /> within the City, including Foster Pool and other park improvements, together with all <br /> necessary appurtenances thereto; providing for the pledge of revenue from the City's <br /> 1.50% income tax to secure the payment of the principal of and the interest on the notes in <br /> anticipation of bonds; and approving related matters. (18' read and referred to Finance <br /> 12120121) (pg. 1) <br /> 2. ORDINANCE 54-2021 — AN ORDINANCE to take effect immediately provided it <br /> receives the affirmative vote of at least two thirds of the members of Council, or otherwise <br /> to take effect and be in force after the earliest period allowed by law, authorizing the <br /> issuance of special obligation income tax revenue notes in the amount of not to exceed <br /> $2,850,000 in anticipation of the issuance of bonds; to pay the costs of designing, <br /> engineering, and constructing sewer improvements, together with all necessary <br /> appurtenances thereto;providing for the pledge of revenues from the City's 1.50% income <br /> tax to secure the payment of the principal of and interest on the notes in anticipation of <br /> bonds; and approving related matters. (18'read and referred to Finance 12120121) (pg. 11) <br /> 3. ORDINANCE 55-2021 — AN ORDINANCE to take effect immediately provided it <br /> receives the affirmative vote of at least two thirds of the members of Council, or otherwise <br /> to take effect and be in force after the earliest period allowed by law, authorizing the <br /> issuance of special obligation income tax revenue notes in the amount of not to exceed <br /> $3,400,000 in anticipation of the issuance of bonds; to pay the costs of designing, <br /> engineering, and constructing water improvements, together with all necessary <br /> appurtenances thereto;providing for the pledge of revenues from the City's 1.50% income <br /> 2 <br />
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