03/17/2008 Meeting Minutes - Laserfiche WebLink

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Regular Council Meeting 3-17-08 Page 12 First Readinly, of Resolution No. 2008-11, entitled "An emergency resolution authorizing the Director of Finance, Philip Brett, in accordance with the laws of the State of Ohio, Charter and Codified Ordinances of Mayfield Village, Ohio, to conduct certain financial transactions with Computershare Investor Services regarding shares held by the Village." Introduced by Mayor Rinker and Council as a Whole. Mr. Saponaro, seconded by Mrs. Mills, made a motion to adopt Resolution No. 2008-10. Dr. Parker asked Mr. Brett to provide everyone with information on this Resolution. Mr. Brett reported that half of our stock is book entry, half is in the form of a certificate. This would make all of it book entry so you can sell them all at once. ROLL CALL: AYES: All NAYS: None Motion Carried Resolution Adopted CLOSING COMMENTS Dr. Parker asked if there were any additional comments. Mr. Saponaro had a resident approach him on Saturday night regarding the Thornapple pump station and the understanding that they were going to get sewers which is not the case. We need to be clear on who is affected by the pump station in terms of any sewers that are going in. This person is having some problem with her property. She is not going to get it repaired because she heard she is going to get a sewer. She lives either on Eastgate or Meadowood which is not slated right now. Mr. Saponaro wants to be clear that we send out the correct message. We may want to send out a piece of literature. Mayor Rinker stated that is a good point. We will do both. Historically what we have done is when we get a little more fact together, especially depending upon how we partner this with the County, we will schedule a neighborhood meeting so that we can go through this. We will update our sewer brochure and prepare a fact sheet. It is a good point and timely. Mr. Saponaro added that timing question arose relative to getting sewers tluoughout the areas that do not have it. Mayor Rinker replied that is a little harder to answer. Mr. Saponaro stated that people are asking, they thought they were going to get them two years ago. For the record, Mayor Rinker stated that 14 years ago, we started the gradual conversion from septic to sanitary sewers. We have done it in a variety of ways. We were fortunate a couple of times around to get what was then known as State Issue II funding. Phil was instrumental in working out a formula where we were able to get a combination of grant low interest loans, zero interest loans and then the balance of the assessments and then a certain contribution from the Village. That basic format is what we follow depending upon timing, the size of the project, a variety of factors. Our endgame has always been to make sure that individual property owners