09/17/1996 Meeting Minutes - Laserfiche WebLink

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Council Minutes of 9117/96 ;,,~ Finance Director Burns: 1) To follow up on the OWDA/Ohio EPA loan for the Georgette relief sewer, one of the things the city tried to do was to have its documents ready for the September 261oan committee meeting. If that should occur, we could lock in on a 4.04% interest rate. If we have to wait until the October meeting, it is possible the interest rate could be adjusted upward. 2) One of the things that is a fallout from the failure of the County SAFE investment program is that the state legislature is looking into rewriting some of the investment sections of the code as it relates to municipalities and investment policies. A requirement for which a charter city can opt out of if it wishes is to put into place a written investment policy. This policy would have to be in place before a municipality could invest in certain types of investments such as federal agencies. North Olmsted is in the process of putting together an investment policy which will eventually be brought to Council for formal approval. In the past, our investment policy has been informal and not written; however, it did keep the city out of the County SAFE program and out of derivatives when they became popular. Official statements, which the city has been generating in the past few years, have become more involved into what type of investments cities are getting into. North Olmsted has looked very well in the position that we have taken. Mr. Musial, Chairperson of the Building, Zoning and Development Committee: 1) The committee met on September 9 and in attendance were committee members McKay, Nashar and Musial; Building Commissioner Conway; Assistant Engineer McDermott; Council Member Limpert. The following items were discussed: a. The proposal of Harsax Management Company to construct two office warehouse buildings in two phases. Representing Harsax were architect Dave Howe and developer Ken Sax. The property to be developed is located on the south side of Lorain Road and east of North Olmsted Industrial Parkway. The P. P. No. Is 234-09-003. The proposed buildings will be approximately 20 feet high and have extensive glass treatment and attractive use of coordinated bricks. The Planning Commission and Architectural Review Board approved the proposal with various recommendations. The BZD Committee recommended approval. Mr. Musial moved that the Harsax proposal be approved subject to the city's approval of the landscaping plan, the recommendations of the Planning Commission and ARB and subject to the approval of the Engineering Department. The motion was seconded by Mr. Nashar and unanimously passed. b. A proposal by Great Northern Dodge, 26100 Lorain Road, to construct a new building and a revision to the site plan and drainage. This is project No. II. Mr. Shartman represented Great Northern Dodge. When project No. I was before the committee several weeks ago, permission was given to go ahead with the retention basin contingent upon the approval of the Engineering Department. The concept is that all of the water draining from Great Northern Dodge shall be contained within the property confines. In the rear of the property, there will be five rows of 36 inch pipe, 60 feet long, and pumps to pump out the water. There will be some parking added to the back which will incorporate landscaping, board on board fencing and concrete curbing to the street. The BZD Committee approved the proposal. Mr. Musial moved to approve subject to the approval of the Engineering Department, inclusion of the recommendations of the ARB and 3 ~tw:=x . _. -a!_a-sr~a.rw .... .. _..... .,,~.,.vWd~!amr.+.m5~~tieYr6~'rsnaw~n.rca .. i, ..... _. ..