03/03/1992 Meeting Minutes - Laserfiche WebLink

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Council Minutes of 3/3/92 enterprise zone. This will be beneficial when applying for Issue 2 money for drainage problems in the Clague Road area and for maintaining the infrastructure in the Butternut area. 5) The Board of Control met on February 17 and approved Fabrizi Trucking for concrete slab repair and catch basin repair. The bid was on a per-unit basis, which lowers the cost. Fabrizi Trucking bid $207,000; the engineer's estiffite was $247,800. In all there were 13 bidders, 6 of when were under the engineer's estimate; all were on a permit basis. In addition, the practice of going out for bids early in the year has resulted i.ri lower contract costs. 6) The Recreation Department will hold a children's Easter Egg Hunt on Sunday, April 12. Law Director Gareau reported: 1) Last week attended a conference ixi federal court in front of the magistrate dealing with the Dingess case. This case involved a resident who filed a ccxnplaint against the City claiming that his Character had been maligned. We filed a motion to dismiss Mating that a cause of action had not been established. In addition, wee asked for attorney's fees. A ccxnpromise has been reached whereby, if ~ agree to withdraw the request for attorney's fees, they will dismiss the ease. Therefore, this case should be resolved azxi dismissed within the next 30 days. 2) The meeting in Chicago with the Environmental Protection Agency was very successful. The EPA now urxlerstands that we are spending millions of dollars to resolve a problem not si.~ly because we were mandx~ted to do so, but rather because we thought it was the appropriate thing to dv. Because we found that sane sewer laterals from homes were a source of our infiltration problem, the decision to include them within the infrastructure of the city for one time was made. We have noticed measurable results frown the work that has been done, aril. the EPA was impressed because other cities have not made such a declaration and commitment. All this will result in abetter ~rorking relationship with both the U. S. and Ohio EPA. 3) Attended an arbitration hearing dealing with hospitalization for the Fire Department. Briefs are now being prepared to assist the arbitrator in making a decision. Finance Director Burns reported: 1) On first reading tonight will be Ordinance No. 92-25 which establishes a linked deposit program. Along with the Mayor, has been in contact with various lending institutions to work out the practical problems of establishing this program with regard to discrepancies between the Ohio Revised Code and the federal consumer loan regulations. 2) Also an first reading is Ordinance No. 92-20, which should be passed under suspension of the rules because it deals with Internal Revenue Service regulations that become effective March 1. Those regulations require that any money spent for a capital project prior to the issuance of the debt to pay for that project must have had. in place a document called a "declaration of official intent" 30 days prior to the spending of that money in order for that money to be considered spent from the borrowing. The effect of this is that, should the doct~nent not be in place, the money is considered never spent out of the borrowing. That money is then forever subject to the rebate rules of the Internal Revenue Service which require any interest that is made in excess of the interest paid on the debt to be paid to the Internal Revenue Service. Ordinance No. 92-20 establishes the process, requirements, and responsibilities for the "declaration of official intent." 2