07/17/2006 Meeting Minutes - Laserfiche WebLink

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Minutes of the Regular Meeting of Council July 17, 2006 Page 12 Council President Buckholtz asked if there was any discussion. Mr. Brett reported that this is a $10,000.00 reduction over last year with the same coverage or better. Roll Call: AYES: All NAYS: None Motion Carried Expenditure Authorized Motion to authorize expenditure in the amount of $25,000.00 to Sudsina & Associates, LLC for services to be rendered as financial advisor in connection with the planned issuance of Various Purpose General Obligation Bonds by Mayfield Village. Mrs. Mills, seconded by Mr. Cinco, made a motion to authorize expenditure in the amount of $25,000.00 to Sudsina & Associates, LLC for services to be rendered as financial advisor in connection with the planned issuance of Various Purpose General Obligation Bonds by Mayfield Village. Council President Buckholtz asked there were any comments. Mr. Brett reported that Mike used to be with AG Edwards. He has worked with the Village since before Mr. Brett was here, about 15 years ago. He was primarily responsible for the pro forma and underwriting the fire station bonds. Essentially what we are getting is AG Edwards' experience with a lot less overhead. Roll Call: AYES: All NAYS: None Motion Carried Expenditure Authorized A motion to authorize an expenditure in an amount not to exceed $12,000.00 to Squire, Sanders & Dempsey for retention as bond counsel. Mrs. Mills, seconded by Mrs. Cinco, made a motion to authorize expenditure in an amount not to exceed $12,0000.00 to Squire, Sanders & Dempsey for retention as bond counsel. Mr. Buckholtz asked if there were any comments. Mr. Brett explained that this is an annual fee that we do with our short-term notes. This handles the underwriting and the legal opinion necessary for the Notes and the Bond. Roll Call: AYES: All NAYS: None Motion Carried Expenditure Authorized Motion to authorize expenditure in an amount not to exceed $12,000.00 to State Auditor Betty Montgomery's office for 2005 financial statements. Mrs. Mills, seconded by Mrs. Cinco, made a motion to authorize expenditure in an amount not to exceed $12,000.00 to State Auditor Betty Montgomery's office for 2005 financial statements.