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Regular Council Meeting Minutes <br />11-16-09 <br />Page 9 <br />Council President Buckholtz asked if we know at this point whether this is in lieu of the vacant <br />property. Mr. Marrelli replied we don't know. Mayor Rinker stated it looks like it's part of the <br />drilling. Mr. Marrelli added if you look at that little drawing he left for everyone, the shaded lots <br />are in the drilling unit and also the Stonecreek. Levac is the second shaded lot. There's two on <br />the end, Seplock and Tagg are the last two lots. It's the whole Stonecreek and then these four <br />lots on Bonnieview. Obviously the people in between them would not sign and did not become <br />part of the unit. Unfortunately for them they are going to have to live with it anyways. <br />Mayor Rinker asked, we don't know if they are precluded if later subdividing the unit as long as <br />they have 20 and 20, correct? Mr. Marrelli replied, we don't know. We know that this is more <br />than 20. We don't know if there's a reason there's more than 20 yet. <br />ENGINEERING - Tom Capnello <br />Mr. Cappello updated everyone on the Ravine Drive/Thornapple Pump Station project. The <br />sanitary sewer down Ravine Drive has been installed. They have also installed the sanitary <br />connections. Mr. Cappello's understanding is the pump station and wet well is scheduled to be <br />installed either at the end of this month or beginning of December. Their plan is also to do the <br />pavement repair at least up to the cul de sac. <br />LEGAL DEPARTMENT - Mr. Diemert <br />There was nothing to report. <br />FIRE - Chief Mohr <br />Chief Mohr reported that the H1N1 vaccine is being introduced to the community for the higher <br />risk populations. They had a clinic at Brush High School on the east side yesterday. We are <br />anticipating we will be called up probabiy in December. Currently, if anyone needs a <br />vaccination that you know is high risk, Chief Mohr believes Pepper Pike which will be at Orange <br />High School will be this coming Saturday. Watch the media. They are firxning that up probably <br />tomorrow for a Wednesday press conference. <br />FINANCE - Ron Wvnne <br />Mr. Wynne reported on two items. One is on November 6th after confirming with the Mayor we <br />sold our investment in Wellpoint Stock for $50.92 a share resulting in a gain for the Village for <br />this year of $104,194.00 which will help us with the General Fund balance for the end of the <br />year. We made the decision for a few reasons, one with Obama's healthcare reform, not <br />knowing what direction that is going to go and not knowing how it is going to impact the health <br />insurance carriers we thought it was in the best interest to sell it. We also have some debt <br />payments coming up at the end of this month and we needed the liquidity. We locked in the gain <br />of the stock at that point in time.