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Regular Council Meeting Minutes <br />7-19-10 <br />Page 4 <br />if administration can work that fast or we can set out a couple new dates. Which one was it that <br />was the most popular date? <br />Mrs. Betsa replied that the most popular date was August 2nd, but there is another Council <br />member who won't be able to be there. <br />Council President Buckholtz stated we will revisit additional dates and coordinate. Does anyone <br />else have any comments or questions now? We will certainly get to talk about it at Caucus. <br />Council President Buckholtz asked if there was anything else. Ms. Calta replied, unless there are <br />any other questions. There were none. <br />FIRE - Chief Mohr <br />There was no report. <br />FINANCE - Ron Wvnne <br />Mr. Wynne reported that the State Auditor's office has been here for the past couple weeks <br />reviewing the 2009 books. That will possibly be going on for the next three or four weeks. For <br />the month of July our tax collections were $663,000 which is $35,000 below last year's for the <br />month of July, but that also includes that $45,000 refund mentioned to you in the financial <br />report. <br />Mayor Rinker asked, so in gross we are higher, in net we are lower? Mr. Wynne replied, correct. <br />So on a year to date basis, we are $207,000 ahead of last year or 3.5% higher. <br />Mr. Wynne stated that over the past couple weeks he had a conversation with Moody's. They <br />did the annual review of our operations from the standpoint of rating our bonds. They were <br />interested in how 2009 went, how we ended up with the year and what the plans are for 2010. <br />They came back and we have maintained our bond rating level of Aa2 which basically means <br />our bonds are high quality with very low credit risk. <br />This evening, you will be passing legislation on the issuance of the $3.4 million Notes. As part <br />of that process, he has to certify to the Council what the original dates of those Notes are and <br />when they mature. He is signing the Certification now. He will just pass it around for you to <br />read it prior to the legislation. <br />Mayor Rinker does not know if everyone noticed, but apparently the City of Beachwood now is <br />going to go to voters to raise the tax rate to 2%. That was interesting. <br />POLICE - Chief Dearden <br />Chief Dearden reported that the police facility continues to make great progress. They are still <br />on schedule for a September opening and still within the budget.