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MINUTES OF THE REGULAR MEETING OF COUNCIL Mayfield Village Civic Hall Monday, March 21, 2011- 8:00 p.m. The Council of Mayfield Village met in regular session on Monday, March 21, 2011 at 8:20 p.m. at Mayfield Village Civic Hall. Council President Buckholtz called the meeting to order. ROLL CALL: Present: Mr. Buckholtz, Mrs. Mills, Mr. Marrie and Mr. Saponaro Absent: Mrs. Cinco, Mr. Marquardt and Dr. Parker Also Present: Mr. Wynne, Ms. Calta, Mr. Cappello, Lieutenant Edelman, Mr. Marrelli, Mr. Metzung, Chief Mohr, Mr. Thomas, Mr. Dinardo, Mrs. Kalina and Mrs. Betsa The Pledge of Allegiance to the Flag was given. OP?N PQRTION 5-minute limit imposed by Chair. Those who wish to speak must first state their name and address. Rav Koren 822 Hanover I would like to take just a few minutes to express the concerns that many of us have regarding the long-range financial future of Mayfield Village, especially in view of what's happening in the country today and specifically the $13, $14 million debt that we are carrying at the present time and also our ability to maintain services in the future. John Ranallo, who is a CPA and Auditor is on assignment or otherwise he would be giving this presentation because he is a better expert than I am on this particular subject. Although he or Dave and I cannot attend the Citizen's Advisory Committee tomorrow because of prior commitments, we are going to try to have somebody in the future at a11 pertinent meetings. Let me say that, first of a11, we a11 have the utmost respect for everybody here on Council and think that Mayfield Village is the finest community in Cuyahoga County. That said, we would like to see us reduce the debt as soon as possible and be sure that all future projects are necessary and financially feasible. I don't recall from my 5t' grade Civics class exactly how we do this but I'm sure that we will be informed. I personally am concerned about Progressive being such a great part of our income. I trust from what I hear that we have a good relationship with them, but change all but happens that are beyond our control. I was a General Manager for a major insurance company for many years and I personally