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Regular Council Minutes <br />11/20/06 <br />Page 16 <br />Mr. Brett explained that this was discussed at Caucus. The total of all underwriting, legal <br />fees and financial advising fees for this $7,000,000.00 bond issue are less than what we spent on <br />a $3,000,000.00 issue back in 1996. We have gotten pretty efficient 'on this go-around. Ten <br />years from now when we do our next one, we can do even better yet. <br />Roll Call: AYES: All Motion Carried <br />NAYS: None Expenditure authorized <br />Motion to authorize expenditure in an amount not to exceed $8,000.00 to Moody's <br />Financial Services representing 1% of bond issuance. - <br />Mrs. Mills, seconded by Mr. Marrie, made a motion to authorize expenditure in an <br />amount not to exceed $8,000.00 to Moody's Financial Services representing 1% of bond <br />issuance. <br />Council President Buckholtz asked if there was any discussion. There were no <br />comments. <br />Roll Call: AYES: All Motion Carried <br />NAYS: None Expenditure Authorized <br />First Reading of Ordinance No. 2006-50, "An ordinance appropriating fund for current <br />expenses and expenditures of Mayfield Village, Ohio for the period from January 1, 2006 <br />and ending December 31, 2006 and declaring an emergency." Introduced by Mayor <br />Rinker and Council as a Whole. <br />Dr. Parker, seconded by Mrs. Mills, 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 />Dr. Parker, seconded by Mrs. Mills, made a motion to enact Ordinance No. 2006-50. <br />Council President Buckholtz asked if there was any discussion. <br />Mr. Brett asked that this be amended to incorporate the transfer we added for the Sewer Relief <br />Fund. <br />Ms. Calta indicated we can approve as amended. <br />ROLL CALL: AYES: All Motion Carried <br />NAYS: None Ordinance Enacted <br /> <br />1 <br /> <br />