10/01/1985 Meeting Minutes - Laserfiche WebLink

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,. MINUTES OF THE MEETING OF THE COUNCIL OF THE CITY OF NORTH OLMSTED OCTOBER 1, 1985 Present: President James Boehmer, Councilmen Bierman, O'Grady, Petrigac, Rademaker, Saringer, Tallon, Wilamosky. Also present: Mayor Robert Swietyniowski; Law Director Michael Gareau, Finance Director Edward Boyle, Clerk of Council Florence Campbell. Meeting was called to order by President Boehmer at 8:15 P.M., in Council Chambers, 5200 Dover Center Road. Members of the audience were invited to join Members of Council in reciting the Pledge of Allegiance. Minutes of the Council Meeting of September 17, 1985, were approved. President Boehmer announced that the following two pieces of legislation had been added to tonight's agenda: Ordinance No. 85-106, an ordinance amending Ordinance No. 85-71 entitled "an ordinance establishing rates of compensation for various administrative and legislative personnel for the year 1985", by correcting various portions thereof" and Ordinance No. 85-107 "an ordinance to resurface existing pavement and perform miscellaneous work items on that portion of SR 252, from SR 10 to the North Olmsted north corporation line". Mayor Swietyniowski reported: 1) Law Director Gareau, Service Director Corrigan, Bus Line General Manager Mues, Assistant Terbrack, Mayor Swietyniowski, met with NOACA, City of Maple Heights and RTA officials to discuss the options given by Urban Mass Transportation in regard to an audit. A grant award was given by UMTA to NOACA to do the study; Mayor feels it looks very promising. Law Director Gareau reported: 1) Added that. the city is currently waiting for the RTA Board to arrive at some consensus relative to the ground rules regarding the basis of the study. They did meet this morning; did not reach an agreement and city is still waiting. Law Director feels an agreement will eventually be reached and city will not be faced with a deadline of November lst wherein parallel and competing lines will be run. Does not see this as a real possibility. 2) Pre-trial was held in Akron yesterday in the Crumbley Case; nothing was re- solved. Expects another pre-trial to be set and eventually the case will be set for trial. Finance Director Boyle reported: 1) State of Ohio released city's audit by Arthur Young and Company. City received a clean opinion paragraph that everything was in line and the financial statements did fairly present the financial position of the city on a cash basis. 2) City has received an Al rating on its bond issue from Moody's Investment Corpor- ation; $8,075,000 worth of bonds were sold today to the successful bidder, McDonald and Company Securities at 9.25. Double A rated cities receive 9-1/49 so even though the city is carrying an Al rating it actually sold at a double A rate which is very good.