03/06/2001 Meeting Minutes - Laserfiche WebLink

Home Browse Search

Council Minutes 3/6/2001 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 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. Mr. McKay noted that he was in receipt of the Fiscal Officer's Certificate. Ordinance No. 2001-38 was introduced and placed on first reading by Councilman McKay. An ordinance providing for the issuance and sale of bonds in the maximum aggregate principal amount $152,000 for the purpose of advance refiwdmg at a lower interest cost the $136,004 of outstanding judgment bonds, Series 1992, 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 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. Mr. McKay noted that he was in receipt of the Fiscal Officer's Certificate. Ordinance No. 2001-39 was introduced and placed on first reading by Councilman McKay. An ordinance providing for the issuance and sale of bonds in the maximum aggregate principal amount $71,000 for the purpose of advance refunding at a lower interest cost the $65,000 of outstanding storm water drainage system improvement bonds, Series 1992, 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 the municipal sewerage system by acquiring, constructing and installing storm sewers, storm water retention basins, storm water drainage control equipment and catch basins, 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 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. Mr. McKay noted that he was in receipt of the Fiscal Officer's Certificate. Ordinance No. 2001-40 was introduced and placed on first reading by Councilman Limpert on behalf of himself, Councilman O'Grady and Mayor Musial. An ordinance amending the Traffic Control File of the City of North Olmsted by replacing the "No Parking" signs on the north side of Sweetbriar Drive, between 26864 and 26820 Sweetbriar, with "No Parking, Stopping or Standing" signs, one sign with an arrow pointing east to be located in the right-of--way at the west property line of 26864 Sweetbriar and the other with an arrow pointing west to be located in the right-of--way at the west property line of 26820 Sweetbrier, and declaring an emergency. Mr. Limpert, noting that this was discussed by the Safety Committee, moved for suspension of the rule 14 . _ _ . M. ~_...~,, ~...-..~,-,,.... , . ,,