08/13/2000 Meeting Minutes - Laserfiche WebLink

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Regular Council Meeting 8-13-01 Page 10 Council President Marquardt asked if there were any comments. Mr. Brett said he will be passing out the Fiscal Officer's Certificate for this ordinance at this time. (He distributed it to Council.) Roll Call: AYES: All NAYS: None Motion Carried Ordinance Enacted First Reading of Ordinance No. 2001-13, entitled; "An ordinance to provide for the issuance and sale of $500,000 of notes of Mayfield Village, Ohio, in anticipation of the issuance of bonds for the purpose of acquiring certain real estate and the buildings thereon for Municipal functions, and declaring an emergency." Introduced by Mayor Rinker and Council as a Whole. Mrs. Cinco, seconded by Mrs. Mills, 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. Busa, seconded by Mrs. Mills, made a motion to enact Ordinance No. 2001-13. Mr. Brett said he will be passing out the Fiscal Officer's Certificate for this portion of the note issue at this time. (He distributed it to Council.) Mr. Ilacqua said he would like to reiterate the fact that he is displeased, unhappy and concerned that we find ourselves in this position of financing a half-million dollars for the acquisition of First United Methodist Church. We unanimously approved of that decision based on the fact that we would pay cash for it. This is not paying cash. This is debt financing. I think we have to watch our future recommendations and purchases that we don't find ourselves in this position again; that position being we think we can pay for it out of cash then we realize down the road we can't. Council President Marquardt asked if there were any further comments. There were none. Roll Call: AYES: All NAYS: None Motion Carried Ordinance Enacted Executive Session (Real Estate)