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Minutes of the Regular Meeting of Council <br />August 28, 2006 <br />Page 18 <br />line. Mr. Brett will look it up and get back to him. We took out two and rolled it in to this one. <br />This will increase it by 5.5 million. Mr. Marquardt indicated we are 16 million dollars in debt with <br />this. <br />Council President Buckholtz asked if there were any other questions or comments. There were <br />none. <br />ROLL CALL: AYES: All <br />NAYS: None Motion Carried <br />Ordinance Enacted <br />First Reading of Ordinance No. 2006-32, "An ordinance to provide for the issuance <br />and sale of bonds in the maximum aggregate principal amount of $1,890,000 for the <br />purpose of refunding at a lower interest cost the portion of the Village's outstanding fire <br />station construction bonds, dated as of March 1, 1996 and maturing after December 1, <br />2006, which were issued to pay costs of constructing, furnishing and equipping a new fire <br />station, and declaring an emergency." Introduced by Mayor Rinker and Council as a <br />Whole. <br />Mrs. Mills, seconded by Mr. Marrie, 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 Motion Carried <br />Rules Suspended <br />Mrs. Mills, seconded by Mr. Marrie, made a motion to enact Ordinance No. 2006-32. <br />Council President Buckholtz asked if there was any discussion. <br />Mr. Brett explained that this is a refinancing of the fire station at a lower rate. Mr. Marquardt <br />asked if it was extending the period. Mr. Brett indicated it was not. <br />Council President Buckholtz asked if there were any other questions. There were none. <br />ROLL CALL: AYES: All <br />NAYS: None Motion Carried <br />Ordinance Enacted <br />First Reading of Ordinance No. 2006-33, "An ordinance to provide for the issuance <br />and sale of bonds in the maximum aggregate principal amount of $1,000,000 for the <br />purpose of improving the nature trail system of the Village by constructing an underpass <br />in Highland Road in a certain designated location, including a concrete box culvert, <br />headwalls and wingwalls, storm sewers and lowering a water main, installing interior and <br />exterior lighting, constructing an asphalt path on property owned by the Village between <br />