10/04/1988 Meeting Minutes - Laserfiche WebLink

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Council Minutes of 10/4/88 _6_ Mr. Wilamosky asked to be recognized; President Saringer stated it was time for Finance Director Boyle's report since he was now in attendance. ~' Mr. Wilamosky challenged the decision of the Chair, second by Mr. McKay. Roll call on motion: Affirmative vote: Boehmer, McKay, Tallon, Wilamosky. Negative vote: Bahas, O'Grady. 4 Aye - 2 Nay - Motion carried. The Chair recognized Mr. Wilamosky. Mr. Wilamosky stated that he felt Mrs. Bahas answered her own question by saying this legislation is really not relative and therefore does not know why it would. be retained in committee. If it has no bearing on Crocker/Steams, let it be brought out, dealt with, and not buried in committee. When-will it be dealt with? A week before the election or a week after? Finance Director Boyle reported: 1) Apologized for being late and missing the caucus session. With respect to the legislation on Maple Ridge Road, council has already passed an ordinance covering $30,000 of that for. the city's share. This legislation tonight is to cover the paperwork for receiving the $30,000 from Westlake for their share and to show how it will be dispensed; it will receive the money into the General Fund and then be appropriated for Maple Ridge Road construction so in the future no one will be under the assumption that it was a $30,000 project when it was actually a $60,000 project. 2) With respect to Mr. Wilamosky's report on the sewer billing, this billing is based on estimated costs. After completing 1989, financial statements will be finalized and actual costs verified. An adjustment will then be made on the May billing to the Township: if the estimates were low, the rates will be higher in r1ay; if the estimates were high, the rates will be lower in May. The May billing will also be the new rate they receive, based on the 1989 estimates, so there is no chance they will not pay their fair share of the cost of wastewater treatment. 3) Has been asked what the past dry summer did as far as water consumption. The Cleveland statement shows North Olmsted consumed 52,000 MCF's; normal consumption is about 42,000 MCF's so consumption was up on an average of 1 MCF per household. Basically this was used for showers and clothes washing so it did not impact on the Wastewater Treatment Plant and its expenses. 4) The Deferred Compensation Plan has been taken over by the Public Employees' Retirement System. Has just received the report for the first part of 1988 and the city's liability to Deferred Compensation, which is on deposit with the PERS, is $1,664,850. 5) There are presently two bills in Congress to correct the Tax Reform Act of 1986. Several things in these bills have .been discussed in the past - investing bond money, note money, etc. There is also something in there .that. says any benefit an employee receives is taxable when he receives the benefit. An employee receives ten hours of sick time per month; according to the IRS and the Tax Reform Bill of 1986, ten hours of pay is then taxable each month. Vacations fluctuate but approximately two weeks extra. pay per year would be taxable - two or three weeks, depending on length of employment. Hospitalization of approximately $300 a month would be taxable; any benefit any employee receives is taxable upon their receiving it. There is a bill to correct these measures. There is a House version and a Senate version.. The House version on this section would eliminate it totally. The Senate version does not. Senators Glenn and Metzenbaum are asking that the House version be adopted.