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MINUTES OF THE SPECIAL MEETING OF COUNCIL <br />Monday, March 10, 2008 <br />Mayfield Village Civic Hall <br />The Council of Mayfield Village met in special session on Monday, March 10, 2008 at <br />approximately 8:00 p.m. in the Mayfield Village Civic Hall. Council President Buckholtz called <br />the meeting to order. <br />ROLL CALL: Present: Mr. Buckholtz, Mrs. Cinco, Mr. Marquardt, Mrs. Mills <br />Mr. Saponaro and Dr. Parker <br />Absent: Mr. Marrie <br />Also Present: Mayor Rinker, Mr. Brett, Mr. Cappello, <br />Lieutenant Edelman, Mr. Marrelli, Mr. Metzung, Chief Mohr, <br />Mrs. Kalina and Mrs. Betsa <br />008 MAYOR'S BUDGET: <br />Council President Buckholtz advised that this special meeting has been called for the <br />purpose of discussing the 2008 Mayor's Budget. Mr. Buckholtz opened the floor for <br />discussion. <br />Mr. Marquardt referred to page 203 of the 2007 Mayor's Budget. Looking at the total <br />debt, it looks like what is now in 2007 was in 2006 last year. Mr. Brett stated there have been <br />changes since last year's budget. Mr. Marquardt stated that he is trying to reconcile the years. <br />Mr. Brett stated that the sheet handed out this evening is the most accurate data up to 7:30 this <br />evening. It has been revised to reflect all of the debt that has been issued since then and all of <br />the debt that has been acquired since then. <br />Council President Buckholtz asked if that means that the 2006 figure is an actual figure at <br />the end whereas last year's budget it was a projected figure? Mr. Brett stated that the current <br />sheet includes all of the short term debt rolled in to here and broken out to where the short term <br />debt is going. The 2006 sheet does not incorporate short-term debt. <br />Mr. Marquardt asked if the short term debt is the sale of long term debt. Mr. Brett replied <br />those are the expenses. Mr. Marquardt asked what is sale of short term and long term debt. <br />Mr. Brett said a note is short term, the bonds are long term. <br />Mr. Marquardt said it states we have $2 million for the sale of short term and long term <br />debt for 2007. Mr. Saponaro clarified that it is $1.9 million. Mr. Brett said for last year it came <br />out of the bond retirement. The rest of it came out of other funds.