09/28/1959 Meeting Minutes - Laserfiche WebLink

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SEF'TEM$ER 28, 1959 - PAGE 2. Shopping Center to approximately the City Hall area; from the plant area down Mastick to Columbia with a large main. Any revenue from Parkview will reduce the cost in the overal_1 service. Recommendations as to the of assessing, either on benefits or area, should be determined by the Taxing Board of the City of North Olmsted, consisting of a three-man committee to be appointed by the Council. To comply with the January 1st deadline, it is recommended that the City go ahead immediately and sell notes by December 1st on the general obliga- tion a.nd special assessment bonds, picking up the notes after one year. This must also be advertised three times. It is advisable to go ahead with the assessments and issue notes before the assessments are actually bringing in revenue. Mr. Kuhn stated that by October 2nd, the Board should form a definite policy of the financing program. He also must have authorization to proceed with the printing of approximately 150 sets of the plans and specifications for the treatment plant by October 7th. This will also give him authority to get the legal ad prepared for publication not later than November 5th, f~ the opening of bids on December 3rd, to be tabulated and submitted to the State for discussion with prospective bidders, letting the contract December 30th or 31st. This action must be taken to accept the bids because of the Federal grant. It is also necessary to give authority to the Service Director to advertise for bids on this acme basis. For bonds to be sold by the middle of December, the Fiscal Agents must have information two weeks prior to December 1st, A schedule of financing must be set to protect the $250:000.00 grant. Once the city is started, the rest of the program will continue. More customers - more revenue bonds, and with more customers, there is reasonable assurance of increasing revenue of approximately $3000,000.00 per year. The community will grow faster within the next ten years. It was also recommended by Mr, Gates, the $205,000.00 assessment which has been certified by the County Auditor's office for theplans and specifications be assessed immediately. The average assessment would be very nominal, a.nd would probably be paid in cash by the property owners. The Shopping Center area will bring in more than tb.e necessary funds for further development and it would also service the light industrial area throu.~h the Brookpark trunk line. Future moneys will be raised by additional revenue bonds, and laterals paid by special assessments, A financing plan will be submitted by Hayden-Miller, in writing, by October 6th., and it is imperative some decision be made by October 15th. The estimate on the printing of plans and specifications for the treatment plant would amount to approximately $2,500 to $3,500, plus mailing. However, it was recommended $5,000.00 be set up for the printing, advertising, and mailing of same to the proposed bidders. The Solicitor is to contact Squire, Sanders and Dempsey relative to these funds. It was moved by T~Tr. y~lilson, seconded by Mr. MacDonald, the Solicitor be authorized to seek the assistance of Squire Sanders and Dempsey and to proceed to I,repare the necessary legislation to enter ir_to such a contract. "Yeas" Hinkel, Iiixson, Lynch, MacDonald, Wilson. I~:r. Kuhn stated he would have t;he plans for the treatment plant delivered to Columbus to the Public Health Service Department, which in turn will be sent to Chicago. It was moved by Mr. MacDonald, seconded by Mre Lynch, the Solicitor be directed to prepare the necessary legislation to authorize Floyd Browne and Associates to print 150 copies of the plans and specifications for bidding purposes on the treatment plant only, ''Yeas" Hinkel, Hixson, Lynch, MacDonald, Wilson.