04/15/2003 Meeting Minutes - Laserfiche WebLink

Home Browse Search

Council Minutes of 4/15/2003 Councilman McKay, chairperson of the Finance Committee: 1) The Finance Committee met on Tuesday, Apri18. Present were committee members Kesler, Limpert and McKay; Council members Gateau, Nashar, Miller; Law Director Dubelko, Finance Director Copfer, Mayor Musial, Service Director Jesse. The following items were discussed: Ordinance 2003-52, an ordinance providing for the issuance and sale of $1,375,000 of notes in anticipation of the issuance of bonds to pay the cost of improving certain designated streets in the city in cooperation with the Ohio Department of Transportation and otherwise by grading, draining, widening, replacing sections of pavement, preparing the surface, surfacing and resurfacing, constructing and reconstructing sections of the pavements base, curbs, gutters, catch basins, sidewalks and driveway approaches and installing traffic signs, signalization and signalization systems where necessary and in each case together with the necessary appurtenances and work incidental thereto. This note anticipation ordinance will be replaced by a bond ordinance for the improvements at the Claque and Lorain intersections and improving Lorain Road from the westerly corporation line to Canterbury Road and to improve streets in various locations in the city. The interest rate is estimated to be 4% or less. The committee recommended approval. Ordinance 2003-53, an ordinance providing for the issuance and sale of $200,000 of notes in anticipation of the issuance of bonds to pay the cost of acquiring a fire pumper and other related fire apparatus and equipment. This is a note anticipation ordinance which will be replaced by bonds. The committee recommended approval. Ordinance 2003-54, an ordinance providing for the issuance and sale of $120,000 of notes in anticipation of the issuance of bonds to pay the costs of improving the municipal water distribution system by relining and otherwise improving water lines together with the necessary appurtenances and work incidental thereto. This is a note anticipation ordinance and will be replaced by bonds. This is for the water main project that was south of Lorain Road off of Claque Road. The committee recommended approval. Ordinance 2003-55, an ordinance providing for the issuance and sale of notes in a maximum aggregate principal amourn of $500,000 in anticipation of the issuance of bonds to pay the costs of acquiring and installing computer and related equipment and software for the f Hance and administrative systems management. This is a note ordinance which will be replaced by bonds for a new computer system and the related equipmenrt for the Finance Department. The present equipment is outdated and repairs would be very expensive. The committee recommended approval. Resolution 2003-60, a resolution authorizing the Mayor of the City of North Olmsted to terminate the contract between the city and Carron Asphalt Paving, Inc., for the construction of the new tennis courts at the North Olmsted Park. This contract is being terminated due to the fact that the soil conditions for the new tennis courts were not favorable, but Carron Inc. had completed $11,081 of work. The committee recommended that Resolution 2003-60 be approved and that the Recreation Committee explore the possibility of relocating the tennis courts. Ordinance 2003-64, an ordinance authorizing the Mayor of the City of North Olmsted to enter into a lease agreement with Deere Credit, Inc. in order to add to the city's master lease schedule with Deere Credit Inc. for a certain 1999 John Deere 1145 6