11/18/1997 Meeting Minutes - Laserfiche WebLink

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Council Minutes of 11/18/97 it with after-tax dollars. We have asked for suspension on this so that the current . ' employees can have time to file their applications by the end of the year. r d. Resolution 97-106 is a resolution that authorizes the property tax rates. These are the result of the tax budget that was passed in July and the budget hearings that we held earlier this month. The effect of the property tax rate based on this ordinance is a reduction of . l mill from 12.8 mills to 12.7 mills. e. We have asked for suspension on Ordinance 97-101, which is the $100,040 rollover provision for the emergency squad note. The reason we have asked for suspension is because bond counsel and the underwriters have asked for some additional time to prepare documents before the notes are sold. They felt that passing it the first meeting in December would not allow for sufficient preparation time. The closing for the notes is scheduled for December 17. 2) Ordinance 96-110 will be reviewed to determine whether it is needed or should be put on the agenda for tabling. This ordinance deals with accepting an agreement with Fairview Park so that they pay their share of half the project for the Georgette sewer line. The final cost figures are now available to us because we are down to just a punchlist to complete the project. The Fairview Park Finance Director has been informed that by the end of this month we will have the numbers over to him. At that time, we can put together the contract. 3) This week the Finance Department received an August 31 financial statement of the Franklin, Ohio Tax Exempt Fund. Franklin bought one-third of the issue that we did back in 1992. It has a face value of $3,800,000. The market value stated in their report for that particular group of bonds if $4,070,750. Mr. McKay, Chairperson of the Streets & Drainage Committee: 1) The committee met on Tuesday, November 11. Present were committee members Lind, Nashar and McKay; Councilmen Limpert, Musial and O'Grady; Service Director Bohhnann; Engineer Deichmann; Finance Director-elect Copfer and Councilman-elect Gareau. The committee discussed Ordinance No. 97-103 which deals with building sewers and their connections. The changes include a 2 foot clay or concrete wall in the utility trench between the house and the main line along the street to prevent water from the public sewer from going back up the trench into the building itself. The second change is the basement floor of a building shall not be less than 1 foot above the top of the storm sewer unless a sump pump is installed. In that case, there shall be a surface relief valve which should be approved by the City Engineer who will review the storm sewer connection to the public storm sewer. Mr. Lind, Chairperson of the Finance Committee: The committee met on Tuesday, November 11. Present were committee members Musial, McKay and Lind; Council Members Limpert, O'Grady and Nashar; Service Director Bohhnann; City Engineer Deichmann; Finance Director Burns; Finance Director-elect Copfer. Agenda items were as follows: 3 _. ~,.....