Laserfiche WebLink
Minutes of the Special Meeting of Council <br />7-6-09 <br />Page 3 <br /> <br /> <br />? <br />• First Readiniz of Ordinance No. 2009-38, entitled, "An ordinance to provide for the <br />issuance and sale of $3,600,000 of notes of Mayfield Village, Ohio, in anticipation of the <br />issuance of bonds for the purpose of acquiring certain real estate together with the existing <br />buildings and other structures located thereon and any related equipment and certain other <br />real estate for recreational purposes, improving the parks and recreation system of the <br />Village by acquiring certain real estate, constructing and lighting ball fields, together with <br />the necessary appurtenances thereto, and otherwise improving that system, and <br />conserving, preserving and enhancing the availability of open spaces in the Village by <br />acquiring land or interests therein, and declaring an emergency." Introduced by Mayor <br />Rinker and Council as a Whole. <br />Mrs. Mills, seconded by Mrs. Cinco, made a motion to suspend the rules of Council <br />requiring an Ordinance to be read on three separate occasions. <br />ROLL CALL: AYES: All <br />NAYS: None <br />Motion Carried <br />Rules Suspended <br />Mrs. Mills, seconded by Mr. Marrie, made a motion to enact Ordinance No. 2009-38. <br />Council President Bucklzoltz asked Mr. Miller to explain this a little bit. <br />Mr. Miller reported that our Note comes due September 9th. It is $3,700,000.00. We are going <br />to pay down $100,000.00 which keeps us abreast of the law in that some of that is older and we <br />have to pay it down a little bit. Working with Squire Sanders, they are always ahead of the <br />game, so this is a little bit early, but this is how they do things. Mr. Miller likes getting things <br />out there early. This will give the company that sells the Notes a little bit more time also. We <br />will close early just to give ourselves time all the way down. <br />Council President Buckholtz asked if there were any other comments or questions. There were <br />none. <br />ROLL CALL: AYES: All Motion Carried <br />NAYS: None Ordinance Enacted <br />• First Reading of Ordinance No. 2009-34, entitled, "An emergency ordinance adopting a <br />tax budget for Mayfield Village, Ohio for the tax year 2010." Introduced by Mayor <br />Rinker and Council as a Whole. <br />ROLL CALL: AYES: All <br />NAYS: None <br />Motion Carried <br />Rules Suspended <br />Mrs. Mills, seconded by Mrs. Cinco, made a motion to enact Ordinance No. 2009-34.