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Minutes of the Regular Meeting of Council <br />Monday, August 20, 2012 <br />Page 2 <br />COMMENTS FROM COUNCIL PRESIDENT BUCKHOLTZ <br />There were no comments. <br />DEPARTMENT HEAD REPORTS: <br />SERVICE - Douglas Metzung <br />Mr. Metzung reported that Village Hall and the police annex have been taken down. It will <br />probably take the rest of this week to clean up the mess and another two weeks to take out the <br />parking lot, regrade the area and get situated. In about three weeks from now, they will be done <br />and gone. <br />BUILDING - John Marrelli <br />Mr. Marrelli reported that the High School football field is about done. Try to make a game up <br />there this year because the field is fabulous. They are about 90% completed. T'hey should be <br />done in about a week. The interior work and additions in the High School is done. If you get a <br />chance to go there for any reason, take a look. The Library is. on track. Preformed Line is on <br />frack and everything else is moving forward. <br />ENGINEERING - Tom Canpello Mr. Metzung reported on behalf of Mr. Cappello. The road program will be completed this week. <br />They are putting the final layer of asphalt on the Aintree azea tomorrow. The Library drive and <br />apron was installed,today. I don't know what the regular schedule is for that. The grading at the <br />ampitheatre is all but complete. They are replacing the topsoil over the area now. Service has <br />begun the seeding process today. <br />LEGAL DEPARTMENT - Diane Calta <br />Ms. Calta reported that we have secured three more trail easements at 6670, 6680 and 731 Beta. <br />FIRE - Chief Mohr <br />There was nothing to report. <br />FINANCE - Ron Wynne <br />Mr. Wynne reported that last Wednesday, August 15fl', we went to market and sold our $2.4 <br />million in Notes. We actually had so much interest that it was overfilled. We had to go back to <br />the interested parties and give them less than they wanted. The net cost to us is .93 of 1% when <br />you take into consideration the interest rate plus the underwriting fees and legal fees which is <br />about 25% less than the cost we incurred last year. Those Notes will settle up on August 29t' and <br />we will get our proceeds. On August 3e we will pay down the $2.9 million Note.