03/18/1986 Meeting Minutes - Laserfiche WebLink

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~ r Council Minutes of 3/18/86 -2- 3) A request for street signage at Butternut Ridge Road and the new Great Northern Boulevard waa asked for at the last council meeting; signs were installed by noon the following day. 4) A question was asked about. 26 broken street lights on 1480. Service Director Noble met with representative from Traffic Department of Ohio Department of Transportation. These lights were added to their work order but they cannot in- sure that replacements will be made before the end of March or the 1st of April. Mr. Noble will continue to monitor the situation. 5) Has requested a legal opinion as to whether the building at the corner of Lorain and McKenzie Roads constitutes use as a "show room"; upon receipt of legal opinion, will proceed. 6) The administration had arranged a meeting to discuss the 911 emergency number which will be reported on by President Woerpel or Councilman McKay. 7) The $150,000 Lite Beer Bowling Tournament is being held in North Olmsted and the city is honored to be hosting this event. 8) A presentation by the Community Action Team will be given on March 25th at 7:30 P.M., entitled "Chemicals and Today's Athlete". 9) On March 13th, the administration met with members from the Architectural Re- view Board, Planning Commission, Board of Zoning Appeals and Board of Building Code Appeals. A lot of good dialogue was elicited; the administration found some of the tools that it can provide and will work to do so. 10) The problem at the Rec Complex on Sunday was due to a main lead panel which burned out and affected the pool, rink, heating, lighting and sound. Temporary repairs were made late yesterday; $1.,000 is needed to make permanent repairs. 11) Thanked staff members who did an outstanding job last week under many un- usual circumstances and with a shortage of manpower. Law Director Gareau reported: 1) The Crumb ley Case is still on for next week; will be heard in Akron. 2) Have not received an answer from the insurance company on the Faughender Case, therefore will obtain a leave to plead and enter an appearance in court. 3) Has received an answer in the city's case against the insurance company with re- gard to the Zurawski Case; they have raised numerous defenses. 4) In the case pending in the Supreme Court, Corrigan versus the City of North Olmsted, Law Director has received a motion for judgment on the pleadings, which basically says there are no issues and consequently are asking for judgment on the basis of the status of the record at this particular time. Last week, sent in a brief in opposition to the motion and also filed an amended answer, raising numerous factual questions that are pertinent in the decision of the case. Finance Director Boyle reported: 1) City has approximately $281,000 in escrow with the Ohio Citizens' Bank of Toledo. The escrow was established to guarantee the city's first mortgage bond issue of 1961. At this point, city should have $110,000, which leaves approximatley $171,000 of free money to be used either to purchase the bonds ourselves or to call them. It is one of the first call provisions in the State of Ohio; city was a little ahead of its time back then. City would be calling them at 101; could probably purchase them at a lot lower rate because the interest rates were very low; awaiting confirmation from McDonald and Company to purchase them and hold them as an investment. Mr. Kuhn from McDonald and Company had addressed council about an issue before congress that would make the city bonds taxable. There is a senate bill, introduced by Senator Dave Durenberger of Minnesota, which would reverse this. He is looking for co-sponsors and Finance Director Boyle feels it would be to the city's best interest to request its senators to co-sponsor the bill. Can forward some of the information on this to council for its consideration. 2) The state report should be issued next week; copies will be made available for council.