07/21/2014 Meeting Minutes - Laserfiche WebLink

Home Browse Search

Minutes of the Regular Meeting of Council Monday, July 21, 2014 Page 13 Council President Pro Tem Marrie asked any questions? There were none. Roll Call: AYES: All Motion Carried NAYS: None Expenditure Authorized Council President Pro Tem Marrie commented, with regard to the above two items, the process of doing this will save us $330,000 over the next 12 years by bond refunding. Motion to acknowledge receipt of financial reports for June 2014 and to approve of same as submitted. , Mrs. Mills, seconded by Mr. Jerome, made a motion to acknowledge receipt of financial reports for June 2014 and to approve of same as submitted. Council President Pro Tem Marrie asked any comments or questions? There were none. Roll Call: AYES: All Motion Carried NAYS: None Financial Reports for June 2014 Acknowledged/Approved • First lteading of Ordinance No. 2014-18, entitled, "An Ordinance to provide for the issuance and sale of $1,100,000 of Notes of Mayfield Village, Ohio, in anticipation of the issuance of bonds for the purpose of conserving, preserving and enhancing the availability of open spaces in the Village by acquiring land or interests therein, and declaring an emergency." Introduced by Mayor Rinker and Council as a Whole. Mrs. Mills, seconded by Mr. Jerome, made a motion to suspend the rules of Council requiring an Ordinance to be read on three separate occasions. ROLL CALL: AYES: All Motion Carried NAYS: None Rules Suspended Mrs. Mills, seconded by Mr. Jerome, made a motion to enact Ordinance No. 2014-18. Council President Pro Tem Marrie asked, any comments or questions? Mr. Wynne stated, we have Notes for $1,900,000 that come through at the end of August. We will be paying down $800,000 against those Notes from the General Fund and then selling these Notes for $1,100,000 to pay off the remaining balance. ROLL CALL: AYES: All Motion Carried NAYS: None Ordinance Enacted