11/17/1987 Meeting Minutes - Laserfiche WebLink

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Council Minutes of 11/17/87 _2_ 6) Saturday evening, attended a dinner prepared by VFW Post 7647 to recognize the Policeman and Fireman of the Year; award this year went to Lt. Ray Bement, Jr. of the Fire Department and Officer Charles Jandecka of the Police Department. 7) On October 27th, Budget and Management Director presented his financial figures to Council. Council was requested to put any disagreement with those figures into writing. Since the meeting was held almost four weeks ago and there has been no communications from any Member of Council, or the Finance Director, disputing the figures as presented, the administration assumes that all agree the figures are correct. 8) Mary Biemel, the Outreach Worker at the Senior Center is in St. John's hospital; Norma Lingruen, Chief Marsh's secretary, has also been in the hospital and is now at home recuperating. 9) Christmas lights will be going up, utilizing some of the city employees; if Council has any objections, please advise. Any Christmas ornaments or decorations would be appreciated. 10) Department of Human Resources is currently collecting canned goods and money donations for the Thanksgiving baskets. 11) The administration has requested State Representative Petro and Senator Suhadolnik to make sure that North Olmsted/Cuyahoga County be allotted its appropriate share from the approval that came from Issue 2 to permit the State of Ohio to sell obligation bonds to aid in public works projects. 12) Appointments to commissions for 1988 will be made; anyone interested in serving is requested to submit a resume. A Democrat must be appointed to the Civil Service Commission; would appreciate receiving applications for this position. 13) Income tax for October came in at approximately $76,978 lower than what was collected in October, 1986; city is therefore receiving about $25,000 less than last year just in income taxes. Law Director Gareau reported: 1) A law suit was filed against the city dealing with an allegation that the city improperly inspected a f fireplace which was in- stalled about 15 years ago. Although the Law Department was involved in the negotiations, the insurance compnay also became involved and contrary to the Law Director's advice, settled the case for $500. Law Department advised against payment since the city has governmental immunity. Although the settlement did get the city out of litigation and stopped the insurance company's attorney fees from mounting, it was still something the Law Department did not recommend. The costs for defending the suit have to be paid by the city and there was also a deductible; currently is in dispute with the insurance company in this matter. 2) Over the last three weeks, has been working on the brief to be submitted in the Sixth Circuit for the Cooper Case; in the past week submitted a reply brief in the Slifka Case. Finance Director Boyle reported: 1) In 1960, City of North Olmsted borrowed money on a revenue issue to build the Wastewater Treatment Plant and agreed to make quarterly payments to the Ohio Citizens Bank of Toledo which would go into three different accounts: a receiving account, an account to pay and redeem principal and interest, a third account for investment. Finance Department also established a fund, in house, to further secure the principal payment - this is the Sewer Escrow Fund. Currently, city has approximately $300,000 in Toledo, invested, for payments against MR - this is the MR1 bond - and have $88,000 on hand in the Sewer Escrow Fund. Obligation this year to principal and interest was $96,300 and so far have paid $48,110. Finance Director has made, arrangements with Ohio Citizens Bank to make a payment of $24,854 from the Sewer Escrow Fund, to be applied against the redemptions of December 1st. They will take the re- mainder, $23,336, out of the funds on deposit with them; this will clear up $43,190 in the Sewer Revenue Fund which is the fund that operates the Treatment Plant. Finance Director is doing it this way because there is a "call" provision involved in this bond. Up until December 31, 1987, city can call principal and