03/20/2001 Meeting Minutes - Laserfiche WebLink

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Council Minutes of 3/20/2001 with concrete, reconstructing storm sewers, sanitary sewers, water mains and driveway aprons where necessary, constructing sidewalks and installing above-ground wires and cables for street lighting, together with the necessary appurtenances and work incidental thereto; authorizing and directing the call for optional redemption on December 15, 2002 of all of the refunded bonds; authorizing the execution and delivery of a bond registrar agreement and a bond purchase agreement with respect to the refunding bonds and an escrow agreement with respect to the advance refunding of refunded bonds, and declaring an emergency. Councilman McKay moved for suspension of the rule requiring three readings; second by Councilman O'Grady; motion passed unanimously. Councilman McKay moved for adoption; second by Councilman O'Grady; motion passed unanimously. Ordinance No. 2001-36 adopted. Ordinance No. 2001-37 introduced by Councilman McKay was given its second reading. An ordinance providing for the issuance and sale of bonds in the maximum aggregate principal amount $303,000 for the purpose of advance refunding at a lower interest cost the $272,000 of outstanding street improvement bonds, Series 1992D, that are stated to mature on December 15, 2012 and were issued as a part of the consolidated issue of various purpose bonds, Series 1992, dated as of December 1, 1992, to pay costs of improving Great Northern Boulevard, Country Club Boulevard, Victoria Lane and Kennedy Ridge Road between certain termini by removing the existing pavement, grading, draining, curbing, preparing the pavement base, paving and constructing and reconstructing storm sewers and sanitary sewers, where necessary, together with the necessary appurtenances thereto; authorizing and directing the call for optional redemption on December 15, 2002 of all of the refunded bonds; authorizing the execution and delivery of a bond registrar agreement and a bond pwchase agreement with respect to the refunding bonds and an escrow agreement with respect to the advance refunding of refunded bonds; and declaring an emergency. Councilman McKay moved for suspension of the rule requiring three readings; second by Councilman Limpert; motion passed unanimously. Councilman McKay moved for adoption; second by Councilman Limpert; motion passed unanimously. Ordinance No. 2001-37 adopted. Ordinance No. 2001-38 introduced by Councilman McKay was given its second reading. An ordinance providing for the issuance and sale of bonds in the maximum aggregate principal amount $152,000 for the purpose of advance refunding at a lower interest cost the $136,000 of outstanding judgment bonds, Series 1992, that are dated to mature on December 15, 2012 and were issued as a part of the consolidated issue of various purpose bonds, Series 1992, dated as of December 1, 1992, to pay costs of the judgment rendered against the city in civil action Number C82-3089 in the United States District Court for the Northern District of Ohio, Eastern Division, and losses, damages and expenses related thereto; authorizing and directing the call for optional redemption on December 15, 2002 of all of the refunded bonds; authorizing the execution and delivery of a bond registrar agreement and a bond purchase agreement with respect to the refunding bonds and an escrow agreement with respect to the advance refunding of refunded bonds; and declaring an emergency. Councilman McKay moved for suspension of the rule requiring three readings; second by Councilman Nashar; motion passed unanimously. Councilman 15