10/17/2011 Meeting Minutes - Laserfiche WebLink

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Minutes of the Regular Meeting of Council Monday, October 17, 2011 Page 13 Motion to acknowledge receipt of fmancial reports for September 2011 and to approve of same as submitted. Mr. Saponaro, seconded by Mrs. Mills, made a motion to acknowledge receipt of financial reports for September 2011 and to approve of same as submitted. Council President Buckholtz asked if there were any other questions, Mr. Saponaro stated, Ron did explain to Finance that in the first 10 months of this year we have already met our budget for income. So, any income we are to receive as a municipality for the remainder of the year will be above what was expected in terms of budget. We are also on track to be lower than budgeted for our expenses for the year as well. Roll Call: AYES: All NAYS: None Motion Carried Expenditure Approved First Reading of Ordinance No. 2011-36, entitled, "An emergency ordinance authorizing and directing the Mayor to enter into a Development Agreement with Winfield Deacon Limited Partnership and Deacon's Chrysler Jeep Dodge relative to certain improvements." Introduced by Mayor Rinker and Council as a Whole. Mr. Saponaro stated, Council President, we had a question from Finance. Does this need to be approved prior to the election? We on Finance recommended it to come to Council, but then the question remained of whether it was going to go on three readings or whether it was going to be approved in one reading. We didn't know that. Law Director Diemert replied, it would be my recommendation that you adopt it before the election. Dr. Parker, seconded by Mrs. Cinco, made a motion to suspend the rules of Council requiring an Ordinance to be read on three separate occasions. ROLL CALL: AYES: All NAYS: None Motion Carried Rules Suspended Mr. Saponaro, seconded by Mrs. C;inco, made a motion to enact Or.dinance No. 2011-36. i Council President Buckholtz asked if there was any comments. Mr. Saponaro stated, one of the di?scussions we had was that there were a lot of conditions John was talking about where we haven't figured out the final details but as it was pointed out, the Development Agreement itself needs to be worked out, the conditions. That's really what we are focusing on, not the project as a whole. Our approval would just be for the Development Agreement. If the voters pass, that's wonderful. If they don't Deacon's