4.15.19 MEETING MINUTES - Laserfiche WebLink

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Minutes of the Regular Meeting of Council Monday, April 15, 2019 Page 3 Our general fund balance as of Dec 31, 2018 was $20.6 million, an increase of about $3.8 million over our balance on Dec 31, 2017. We ended 2018 with total outstanding debt of $4.3 million, down from $16.3 million in 2010. We currently have over $2.3 million set aside in the debt retirement fund to pay off our debt when it is economically beneficial and permissible to do so. The remaining balance will be paid primarily through TIF payments we receive and then use to pay the related debt, as well as ongoing principal payments on bond debt and money we receive through assessments for sewer conversions. Our 2019 capital projects include: The Road Program, which includes the repaving of Wilson Mills Road, east of SOM Center Road to Gates Mills. The curve in this stretch of roadway will be softened to make it safer, and paved shoulders will improve safety and aesthetics. In order to complete this project quickly and not be under construction the entire year, we will be closing this portion of Wilson Mills to through traffic temporarily, while maintaining local access in the area. We recognize that this will. cause some inconvenience for residents and commuters, but we believe the shortened timeframe is worth it. Council will award the contract shortly. Improvements at The Grove, including additional tiered stone seating, permanent lighting, and a lit railing along the north side of the hill to make it easier for folks to sit higher on the hill. This project was awarded to Skoda Construction for $154,395. Improvements at Parkview Pool to expand the concession area and replace the wooden pergola (which is 20 years old and was in need of replacement) with colorful sails. This project was awarded to Cianci Construction in the amount of $66,500. Monument signage for the recreation area at SOM and Parkview, and at the softball parking lot which will also include our new tennis and bocce courts. This project was awarded to Cicogna Sign in the amount of $37,990. Improvements to the Fire Station, including a new roof and new doors. This project was also awarded to Skoda Construction in the amount of $316,490. Perhaps our biggest endeavor will be to make our Civic Center ADA compliant. This will involve such things as an elevator, broadened doorways and openings, and adjustments to bathroom stalls and sinks. As a result, we will be able to use basement and second floor rooms for public purposes, so we are also looking at how we might renovate those spaces for better use. We expect to bid this project later this year. We do not know the total cost of this project yet, but our State of Ohio Capital Grant of $100,000 will help us pay for the improvements. Several 2018 capital projects are being completed this spring: The sewer conversion in the Thornapple/Robley neighborhood is virtually complete. As I speak, castings are complete with final roadway paving and landscaping expected in the next few weeks.