09/18/1984 Meeting Minutes - Laserfiche WebLink

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Council Minutes of 9/18/84 _2_ Finance Director Boyle reported: 1) Note sale totaling $3.4 million dollars will be closed tomorrow; roll over of notes expires the following day, September 20th. Notes were sold through McDonald and Company at 7.8% interest - $275,000. Because of the MIG 1 rating, City will save about $14,000. The one day delay to allow investing that money will probably bring in about $1,400 which is about the amount of interest the City is paying on the smallest of the four notes - the $54,000 note. 2) Directors Boyle and Logan will be attending a budget hearing on October 15th at the County Administration .Building, in front of Mr. David Bloom of the Auditor's office. 3) Received estimates far the 1985 Local Government Fund in the amount of $497,000. State of Ohio advises this year's fund may be lower than originally estimated because corporate franchise tax collections are lower. Corporate franchise tax collections account for approximately I.5% of Local Government Funds. Audience participation: Mr. Murray Hiltz, 26101 Country Club Boulevard, addressed Council with a request that the proper committee of Council investigate the ordinance passed ir_ June of 1957 with respect to outlawing pin ball machines in the City of North Olmsted. President Boehmer asked Mr. O'Grady to discuss Mr. Hiltz's request at the next meeting of the Public Safety, Health and Welfare Committee. LEGISLATION: Ordinance No. 84-65 introduced by Mr. Wilamosky was given its third reading. An ordinance providing for the submission to the electors of the City of North Olmsted of a proposed amendment to the Charter of the City of North Olmsted by providing for anew section relating to the forfeiture of office of elected officials or administrative position under certain circumstances, and declaring an emergency, as amended. Mr. Wilamosky moved Covncil table Ordinance No. 84-65, second by Mr. Tallon. Roll call on motion: Affirmative vote: O'Grady, Tallon, Wilamosky. Negative vote: Bierman, Rademaker. 3 Aye r 2 Nay - Motion carried. Ordinance No. 84-65 tabled. Ordinance No. 84-67 introduced by Mr. Bierman was given its third reading. An ordinance amending Section 1174.06 of the Zoning Code entitled "Rear Yard Restrictions" of Chapter 1174 entitled "Height and Area Regulations for Retail Business Districts", as amended. Mr. Bierman moved for adoption, second by Mr. Wilamosky, unanimously approved. Ordinance No. 84-67 adopted. Resolution No. 84-78 introduced by Mr. Wilamosky was given its second reading. A resolution authorizing the Director of Public Service to advertise for bids for 50,000 gallons of sodium aluminate for use by the North Olmsted Wastewater Treat- ment Facilities Plant. Referred to Finance Committee. Ordinance No. 84-83 introduced by Mr. Wilamosky was given its first reading. An ordinance establishing the compensation to be paid to administrative and supervisory personnel employed by the North Olmsted Municipal Bus Line, and declaring an emergency. Referred to Finance Committee. Ordinance No. 84-84 introduced by Mr. Wilamosky was given its second reading. An ordinance establishing the compensation to be paid to all hourly employees employed by the North Olmsted Municipal Bus Line, and declaring an emergency. Referred to Finance Committee. Ordinance No. 84-85 introduced by Mr. Bierman was given its first reading. An ordin- aice authorizing the Mayor to enter into a cooperation agreement with the Cuyahoga County Board of Commissioners for the utilization of funds. made available by the Housing and Community Development Acts of 1974, 1977 and 1980, as amended, and declar- ing an emergency. Mr. Bierman moved for suspension of rule requiring three readings, second by Mr. Wilamosky, unanimously approved. Mr. Bierman moved for adoption, second by Mr. Wilamosky, unanimously approved. Ordinance No. 84-85 adopted. I