04/05/1994 Meeting Minutes - Laserfiche WebLink

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Council Minutes of 4/5/94 6) National City Bank will be relocat~g their branch office on Monday, April 25, to the former Northeast Appliance buildm:g. This expansion of National City Bank will add a larger loan department. In response to a question by Counclmsu Mustial, Mayor Boyle said that National City Baak will probably add employees. Also, it ~cnd be noted that Society Bank and National City Bank have not asked for benefits under the enterprise zone. 7) Mr. Wilamosky is currently working an a new cable television contract. A preliminary draft of the contract has been discussead with the Cable Advisory Board. 8) In an effort to reduce costs and reduce insurance liability, each year Mr. Wiiamosky requests a risk management anal. loss-cool inspection to determine where our potential liabilities are and how to change them. On March 30, a letter was received from St. Paul Fire and Marine Insurance Conaway regardffig the inspection. We have been informed that all locations appear to have efiEective loss-control maffitenance and housekeeping. At this time, there are no recd ciatons for improvements. The city ffisurance contract for 1989-1990 cost $240,346. The contract for the period 1993-1994 cost $166,278. If the contract cost from 1989-1990 had increased at a modest rate of 4% a year, that would account for a saving of over $300,000. 9) The city is currently in negotiations with the Regional Transit Authority. The post- audit conference was held on March 25, and it has been determined that RTA owes the city $3,679. 10) RTA held its annual Food drive on March 16. Riders were given free fares in exchange for a can of food. Of the firftheen tons of food collected by RTA, three-quarters of a ton was collected by NOMBL. Mayor Boyle reported for Law Director Gateau: 1) The city is continu~g negotiations on Springvale Golf Course. The Law Department has drawn up a contract; and, once negotiations are complete, legislation wdl be presented to Council. 2) The City of North Olmsted and the City of Berea are in negotiations on several topics. Mr. Gateau will report on this at a later date. Finance Director Burns reported: 1) As the Mayor indicated, the city had apost-audit meeting with the Regional Transit Authority. As usual, they have given us a clean report. 2) With regard to the relocation of Satiety Bank and National City Bank, one reason these institutions are expandmg their floor space is that they are moving into brokerage-type operations. Since these operations are not insured by the FDIC, the Federal Government requires that these activities take place in a separate room. 3) Mary Durand, the city bond counsel from Squire, Sanders and Dempsey, has left the firm to pursue a Master's Degree in literature. She will be missed, and we wish her hick on her new venture. Mr. Musial asked Mr. Burns if the city had sold the $9. S million notes today. Mr. Burns replied that the sale had been postponed for thirty days because the ordinances are to be amended and will be presented at the Heart Council meeting. 2