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Council Minutes 3/6/2001
<br />Ordinance No. 2001-35 was introduced and placed on first reading by Councilman
<br />McKay. An ordinance providing for the issuance and sale of bonds in the maximum
<br />aggregate principal amount $1,985,000 for the purpose of advance refunding at a lower
<br />interest cost the $1,796,500 of outstanding street improvement bonds, Series 1992B, that
<br />are stated to mature on December 15, 2012 and were issued as a part of the consolidated
<br />issue of various purpose bonds, Series 1992, dated as of December 1, 1992, to pay costs
<br />of improving certain designated streets in the city's street system by grading, draining,
<br />curbing, reconstructing the pavement base, widening, preparing the surface and paving,
<br />by constructing, reconstructing and rehabilitating storm sewers, sanitary sewers and water
<br />mains, by reconstructing curbs, sidewalks and driveway aprons, by acquiring and
<br />installing signals, signs and other equipment and devices to direct and control traffic and
<br />by installing underground wires and cables for street lighting, all where necessary,
<br />together with the necessary appurtenances and work incidental thereto; authorizing and
<br />directing the call for optional redemption on December 15, 2002 of all of the refunded
<br />bonds; authorizing the execution and delivery of a bond registrar agreement and a bond
<br />purchase agreement with respect to the refunding bonds and an escrow agreement with
<br />respect to the advance refunding of refunded bonds, and declaring an emergency. Mr.
<br />McKay noted that he was in receipt of the Fiscal Officer's Certificate.
<br />Ordinance No. 2001-36 was introduced and placed on first reading by Councilman
<br />McKay. An ordinance providing for the issuance and sale of bonds in the maximum
<br />aggregate principal amount $1,313,000 for the purpose of advance refunding at a lower
<br />interest cost the $1,192,000 of outstanding street improvement bonds, Series 199X, that
<br />are stated to mature on December 15, 2012 and were issued as a part of the consolidated
<br />issue of various purpose bonds, Series 1992, dated as of December 1, 1992, to pay costs
<br />of improving Silverdale Road, Selhurst Road and Duane Road by grading, draining,
<br />curbing, reconstructing the pavement base, widening, preparing the surface and paving
<br />with concrete, reconstructing storm sewers, sanitary sewers, water mains and driveway
<br />aprons where necessary, constructing sidewalks and installing above-ground wires and
<br />cables for street lighting, together with the necessary appurtenances and work incidental
<br />thereto; authorizing and directing the call for optional redemption on December 15, 2002
<br />of all of the refunded bonds; authorizing the execution and delivery of a bond registrar
<br />agreement and a bond purchase agreement with respect to the refunding bonds and an
<br />escrow agreement with respect to the advance refunding of refunded bonds, and declaring
<br />an emergency. Mr. McKay noted that he was in receipt of the Fiscal Officer's Certificate.
<br />Ordinance No. 2001-37 was introduced and placed on first reading by Councilman
<br />McKay. An ordinance providing for the issuance and sale of bonds in the maximum
<br />aggregate principal amount $303,000 for the purpose of advance refunding at a lower
<br />interest cost the $272,000 of outstanding street improvement bonds, Series 1992D, that
<br />are stated to mature on December 15, 2012 and were issued as a part of the consolidated
<br />issue of various purpose bonds, Series 1992, dated as of December 1, 1992, to pay costs
<br />of improving Great Northern Boulevard, Country Club Boulevard, Victoria Lane and
<br />Kennedy Ridge Road between certain termini by removing the existing pavement,
<br />grading, draining, curbing, preparing the pavement base, paving and constructing and
<br />reconstructing storm sewers and sanitary sewers, where necessary, together with the
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