09/01/1992 Meeting Minutes - Laserfiche WebLink

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Council Minutes of 9/1/92 Finance Director Burns reported: 1) At the last Council meeting, Mr. Musial questioned why Section 2 of the note ordinances stated, "the bonds shall bear interest at a raw estimated rate of 8~ per year." The answer to this question is that our indebtedness is limited by (1) total principal amcaunt; (2) total debt service. In order to estimate a debt service, an interest rate has to be established. The note ordinance is written in such a way that the percent is estimated at a maxi.nman rate so that the calculation can be made for our debt service limit. The actual borxl ordinances will rem., "the bond shall bear interest at the rate or rates not exceeding 8% per year." Mr. McKay, Chairperson of the Public Safety, I~alth and Welfare Committee, reported: 1) The committee met on August 19 with committee m~ntaers Leonard and. McKay and Safety Director Gundy in attendance. The following items were discussed: a. A request by the Police Department to increase the prisoner fee from $75 to S85 per day. The committee agreed., and legislation will be introduced-this evening. b. Safety Director Gundy informed the coam~ttee that the request to lower the speed limit in the area of the Bradley/Barton soccer field had been denied by the State. However, it was suggested that crosswalks with flashing caution lights .might be installed for pedestrian crossing. At the present time, amore in-depth study is being made concerning these recommendations. c. An employee who works at the May Company and uses the RTA system requested that the city provide a walk-way from the bus stop on Lorain Road near Dr. Jay's office to the May Company. Since this is private property, this request cannot be accommodated. 2) Mr. McKay moved that Council approve a liquor permit transfer from Super A~rierica DBA Payless at 27447 Lorain Road to the Rich Oil Company at the same address. Mr. Leonard seconded the motion. Roll call: McKay, no; Leonard, yes; Bahas, no; Lind, no; Musial, yes; Nashar, yes; Beringer, no. Motion failed with four "no" votes and three "yes" votes. Law Director Gareau indicated that the State has a record of not upholding "no" votes in these instances. He suggested that, if Council wanted to make a statement, a resolution be drafted askang the State Legislature to pass legislation prohibiting the sale of alcoholic beverages at gas stations. Mr. McKay agreed that was a good suggestion and moved to reconsider the motion; second. by Mr. Leonard; motion passed unanimously. Mr. Leonard moved to approve the liquor permit transfer; second by Mr. Musial; motion passed unanimously. Mr. Lind, Chairperson of the Finance Committee, reported: 1) The Finance Committee met an Wednesday, August 26, with committee members Leonard and Lind aril Finance Director Burns in attendance. The following agenda items were discussed: a. Ordinance 92-107, which was recommended for approval. b. Ordinance 92-101, which was amended because the Mayor had voiced his concern that the legislation was not legal in its original form. c. Ordinance 92-104, which sets the salary range for Ordinance 92-101. The committee recommended passage of the ordinances. 2