12/15/1980 Meeting Minutes - Laserfiche WebLink

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~~ Mayor Beebe stated he would open the meeting. A new Council President would be appointed, also a replacement for Mr. Glen Booth of the Civil Service Commission, as he is resigning. Mayor Beebe asked for suggestions for a new Civil Service Commission Representative. It was decided that the Recreation Board; appoi.n.tments would• be made at the Regular Meeting of Coune-il- in January. Mayor Beebe asked for anything- else to be done at the Organizational Meeting. ;-, Mr. Busa stated the Firemen's Dependents Fund members should be appointed at this time also. Mr. Avery stated it would be an appropriate time, at the Organizational Meeting, to issue an ordinance dealing with the financing of the Arco purchase. Mayor Beebe stated there is a meeting scheduled for Monday, December 22 at 2:00 P.M. with the Regional Income Tax Agency. He stated that Gus Amendola and Dorothy Martin have compiled quite a bit~of information-and. to date he has not received answers regarding the Zumbo Construction, Beta Park, et cetera. Mr. Avery clarified the tax situation to Mr. Delaney-of Deloitte, Haskins and Sells, and to Mrs. Ruggles. Mayor Beebe extended an invitation to all concerned to attend the meeting scheduled with R.I.T.A. Those who wish to attend should be at the Village Hall at 1x,15 P.M. on Monday, December 22. Mr. Bennett stated an earlier meeting was.=.held with Central National Bank and asked Mr. Delaney to explain. Mr. Delaney stated that last Monday a meeting was .held with two members of Hahn Losher and Mr. Avery. Mr. Avery explained that the Village has engaged the services of~ Deloitte Haskins and Sells to prepare a statement of the Villages current financial condition, preparing a statement of funds for 1982-83. Their report will cover the period from the last audit ending in February of 1979, through December.31, 1980. Mr. Avery stated that since Central National Bank will not have a tax income for 1980-81 they are less interested to=issue. notes to municipalities because they can't take the tax advantages, however, in a conversation which Mayor Beebe had with Steve Kurkul, they agreed to issue the Arco note and any other notes needed. This would be at a 10%/ rate, Gentlemen's Agreement, and with the agreement that Central National Bank be taken out of our notes by mid-year.