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Council Minutes of 2/21/2006
<br />Ordinance No. 2006-19 introduced by Mayor O'Grady was given its third reading. An ordinance
<br />providing for the issuance and sale of bonds in the maximum aggregate principal amount of
<br />$4,000,000 for the purpose of constructing, furnishing, equipping and otherwise improving a fire
<br />station, providing fire apparatus and equipment to be housed therein and acquiring, preparing and
<br />otherwise improving real estate and interests therein for its site, and declaring an emergency.
<br />Councilman Tallon moved for adoption. The motion was seconded by Councilman Miller and
<br />passed unanimously. Ordinance No. 2006-19 adopted.
<br />Ordinance No. 2006-20 introduced by Mayor O'Grady was given its third reading. An ordinance
<br />providing for the issuance and sale of bonds in the maximum aggregate principal amount $5,935,000
<br />for the purpose of refunding at a lower interest cost the $5,900,000 of outstanding sanitary sewer
<br />improvement bonds, series 1996, that were issued as a part of a consolidated issue of various
<br />purpose improvement bonds, series 1996, dated as of November 15, 1996, for the purpose of
<br />improving the city's sanitary sewer system and its functions by constructing, reconstructing,
<br />rehabilitating and replacing sanitary sewers, sanitary sewer connections and pumping and
<br />retention facilities, by improving and equipping the Wastewater Treatment Plant and by
<br />constructing and reconstructing storm sewers and other storm water drainage facilities and
<br />improvements to control and limit the volume of storm water entering or otherwise affecting the
<br />sanitary sewerage system, together in all cases with any necessary appurtenances and the
<br />performance of any incidental work, and are stated to mature on December 1, 2016; authorizing
<br />and directing the call for optional redemption an December 1, 2007 of all of the refunded bonds;
<br />and authorizing the execution and delivery of a bond registrar agreement and a bond purchase
<br />agreement with respect to the refunding bonds and an escrow agreement with respect to the
<br />refunding of refunded bonds. Councilman Tallon moved for adoption. The motion was seconded
<br />by Councilman Ryan and passed unanimously. Ordinance No. 2006-20 adopted.
<br />Ordinance No. 2006-21 introduced by Mayor O'Grady was given its third reading. An ordinance
<br />providing for the issuance and sale of bonds in the maximum aggregate principal amount
<br />$2,855,000 for the purpose of refunding at a lower interest cost the $2,835,000 of outstanding
<br />street improvement bands, Series 1996A, that were issued as a part of a consolidated issue of
<br />various purpose improvement bonds, Series 199b, dated as of November 15, 1996, for the
<br />purpose of improving certain designated streets in the city's street system by grading, draining,
<br />widening, reconstructing the pavement base, preparing the surface and surfacing and resurfacing,
<br />constructing, reconstructing, and rehabilitating catch basins, curbs, driveway aprons, manholes,
<br />sanitary sewers and sanitary sewer service connections, sidewalks, storm sewers and water mains
<br />and water service connections and installing street lighting, all where necessary, in each case
<br />together with the necessary appurtenances and work incidental thereto, and are stated to mature
<br />on December 1, 2016; authorizing and directing the call for optional redemption on December 1,
<br />2007 of all of the refunded bonds; and authorizing the execution and delivery of a bond registrar
<br />agreement and a bond purchase agreement with respect to the refunding bonds and an escrow
<br />agreement with respect to the refunding of refunded bonds. Councilman Tallon moved for
<br />adoption. The motion was seconded by Councilman Ryan and passed unanimously. Ordinance
<br />No. 2006-21 adopted.
<br />Ordinance No. 2006-22 introduced by Mayor O'Grady was given its third reading. An ordinance
<br />providing for the issuance and sale of bonds in the maximum aggregate principal amount $2,495,000
<br />for the purpose of refunding at a lower interest cost the $2,385,000 of outstanding recreational
<br />facilities bonds, series 1996A, that were issued as a part of a consolidated issue of various
<br />purpose improvement bonds, series 1996, dated as of November 15, 1996, for the purpose of
<br />acquiring Springvale Country Club, including land and the clubhouse, maintenance building and
<br />other structures located thereon, fixtures, furnishings and equipment, sprinkler, underground
<br />drainage and water distribution systems and related site improvements, all together with the
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