06/18/1985 Meeting Minutes - Laserfiche WebLink

Home Browse Search

Council Minutes of 6/18/85 -2- Mrs. Saringer, Chairman Intra-Governmental Relations and Legislation Committee reported: 1) Recreation Commission met on June 11th; representatives from West Shore Figure Skating Club addressed the commission and requested an additional three hours of ice time for the 85/86 season. 2) Reported that the leaf mulch area needed to be scraped and pushed back to allow more parking space. Mayor Swietyniowski replied that this had already been dis- cussed. Mrs. Saringer then asked if leaf mulch is available for residents now. Mayor replied that leaf mulch is available year-round; there is plenty on hand. In the absence of Mr. O'Grady, Chairman Public Safety, Health and Welfare Committee, Mrs. Petrigac reported that the North Olmsted PTA has taken the lead in the Child Registry Program and will be soliciting $50 per business, with the hope of raising two/three thousand dollars since 1,000 books will cost $1,000. All contributors will have their names placed on the back of the books. The City of North Olmsted, the Police Department, will be working with this group and in Fall will cosponsor a day here at City Hall. Mrs. Petrigac, Chairman Recreation., Public Parks and Buildings Committee as well as Transportation Committee reported: 1) The Ad Hoc Planning Committee meeting was cancelled last night and will meet on July 15th at 7:30 P.M. Mr. Wilamosky, Chairman Finance Committee as well as Streets and Drainage Committee reported: 1) Committee of the Whole met on June 11th with Mr. Kuhn and Mr. Ross of McDonald and Company. Finance Director Boyle, President Boehmer and Councilman Bierman were also in attendance. Current status with respect to the sewer plant improvements was discussed. McDonald and Company has been doing an in- depth revue of the current bond market. City originally looked at funding approxi- mately one million dollars at a variable rate of 5.57. Variable rates have not traditionally been too stable. With some rather rapid increases in variable rates, the city was looking at financing about $4,050,000 at 9 to 9~7, however, the bond market has improved somewhat. Mr. Kuhn recommends discounting the variable rate program and going ahead on a permanent basis with the issuance of notes and ex- pects those notes to be sold in the area of 8 and 8-3/4~ whereas when the original figures were developed, the city was looking at about 9~7 based on market conditions at that time. Going with the lower rate, on a permanent basis, will allow Council to expedite the reduction of the 3 mill portion of the charter amendment portion of the debt. Council may be able to adjust the fee structure in a downward basis; possibly by 1987/88 Council may be able to adjust the per thousand feet of fees downward. Letters and Communications: Clerk of Council read a letter from Lynn Maximuk, President of the Timber Trails Homeowners' Association, requesting the City Engineer be directed to survey the development and prepare a list of deficiencies; would like a copy of that list. Secondly, would like the city to follow through with the dedication of the streets. Asked the Mayor to keep his pledge to initiate the dedication as the development reaches 80~ completion. Mr. Wilamosky asked if the Mayor had a summary of the current deficiencies; the Mayor stated that he did; Mr. Wilamosky requested that a copy of same be sent to him. Law Director advised that he had reviewed some of the items that were supposedly "deficiencies" and found them to be minor things. He is not concerned; City can take action against the bank; is waiting to hear what the deficiencies are - what the dollar amount is - and he will move without any problem whatsoever and believes the city will collect. Law Director recommends that any future developments be completed; streets, sewers and water all in and paid for; dedicate it right then and there, before any homes are constructed.