07/21/1987 Meeting Minutes - Laserfiche WebLink

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Council Minutes of 7/21/87 -2- Finance Director Boyle reported: 1) Last week, closed the note sale for Lorain Road east for 5.57; successful bidder was McDonald and Company. Met with John Larson of Squire, Sanders and Dempsey and completed all paper work. 2) Contacted the County Budget Commission and State of Ohio and received the ex- tension with respect to the passage of the budget and submission to the county. As Director Boyle had advised council at the Public Hearing on the budget, he would like to reiterate that there is a good possibility that the City will be paying medicare on all existing employees as of the beginning of 1988, at an approximate cost of $110,000. 3) With respect to the lottery, believes there is a big difference between the original proposal for the lottery by Mr. Mottl, where you are paying the dollar or fifty cents or whatever, and have the possibility of receiving some kind of a refund, and the straight tax of 5~ proposed by Mayor Petrigac. Would remind everyone that this is not a tax on the state; it is not a tax on the vendor - although it could hurt the vendor; it is a tax on the person paying for the ticket. He is the one who has to come up with the nickel and nobody else is going to have to come up with it. The idea of not taxing through a machine purchase is discriminatory. Mr. Wilamosky, Chairman of Finance Committee yielded the floor to Mr. Bohlmann, Finance Committee Member, so that he might give the following Finance Committee report of the meeting held July 16th: Finance Committee met on July 16th with Mayor Petrigac, Finance Director Boyle, Budget and Management Director Cunningham, Council President Saringer, Councilmen Lackey, Tallon, O'Grady, McKay and Bohlmann in attendance as well as interested residents. The topic of the evening was the North Olmsted Proposed Income Tax. Committee discussed the tax plans proposed by Mayor Petrigac, Councilman Lackey, Councilman O'Grady and Councilman Wilamosky. Concensus was that Mr. O'Grady's plan: 1.67 tax with a 757 credit and 1.67 credit limit, was probably the fairest tax. It was the understanding then that the city would receive approximately $2,000,000 or more; since then that figure has been revised to approximately $1,250,000. The one thing all of council and the ad- ministration agreed upon was that a sizeable portion of any new tax would have to be specifically targeted. Another Finance Committee will be held this week; with Finance Director Boyle and Budget and Management Director Cunningham present at that time, committee hopes to clear up any discrepancy between the amount of money to be raised against percentage to be placed on the ballot. Mr. Wilamosky, Chairman Finance Committee reported: 1) Finance Committee met on July 20th with a majority of members present as well as Mayor, President of Council, Directors Boyle, Becker and Cunningham, and Councilmen Lackey and. O'Grady. Committee discussed Ordinance No. 87-65 which provides for wages for hourly employees of the Bus Line. Mayor advised these wages reflect the same hourly rate as other RTA hourly employees within the RTA system. Committee has no objection and will recommend suspension of rule requiring three readings to allow passage this evening. 2) Committee also discussed Ordinance No. 87-70 and recommends the following amend- ment: title to read "as amended"; the word "part-time" to be inserted in Section 2, Article (c), (d) and (f) in the same manner as it appears in Article (e), second by Mr. Bohlmann, unanimously approved. Committee has no objection to Ordinance No. 87-70 as amended. 3) Committee discussed Ordinance No. 87-72 which is the Mayor's proposal with re- spect to the lottery tax. After lengthy discussion, Finance Committee does not recommend adoption and will be recommending suspension of the rule requiring three readings to address this issue tonight and dispose of it this evening. 4) Committee also discussed Ordinance No. 87-64 which covers the administration's estimated budget for 1988. Committee recommended a number of changes and they have been made with the concurrence of the Budget and Management Director. Committee has no objection to the legislation, with the recommended changes, and will recommend adoption this evening.