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Council Minutes of 2/21/2006
<br />necessary appurtenances thereto, for use as a golf course and recreational and community center
<br />and are stated to mature on December 1 in 2016 and 2021; authorizing and directing the call for
<br />optional redemption on December 1, 2007 of all of the refunded bonds; and authorizing the
<br />execution and delivery of a bond registrar agreement and a bond purchase agreement with respect
<br />to the refunding bonds and an escrow agreement with respect to the refunding of refunded bonds.
<br />Councilman Tallon moved for adoption. The motion was seconded by Councilman Ryan and
<br />passed unanimously. Ordinance No. 2006-22 adopted.
<br />Ordinance No. 2006-23 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 $1,965,000
<br />for the purpose of refunding at a lower interest cost the $1,940,000 of outstanding fire station
<br />improvement bonds, series 1996, that were issued as a part of a consolidated issue of various
<br />purpose improvement bonds, series 199b, dated as of November 15, 1996, for the purpose of
<br />constructing, furnishing and equipping a fire station and acquiring, preparing, improving and
<br />equipping its site and are stated to mature on December 1, 2016; authorizing and directing the call
<br />for optional redemption on December 1, 2007 of all of the refunded bonds; and authorizing the
<br />execution and delivery of a bond registrar agreement and a bond purchase agreement with respec+
<br />to the refunding bonds and an escrow agreement with respect to the refunding of refunded bonds.
<br />Councilman Tallon moved for adoption. The motion was seconded by Councilman Ryan and
<br />passed unanimously. Ordinance No. 2006-23 adopted.
<br />Ordinance No. 2006-24 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 $1,935,000
<br />for the purpose of refunding at a lower interest cost the $1,920,000 of outstanding street
<br />improvement bonds, series 1996B, 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 certain designated streets in the city's street system by grading, draining,
<br />reconstructing the pavement base, preparing the surface and surfacing and resurfacing,
<br />constructing, reconstructing and rehabilitating catch basins, curbs, driveway aprons, sanitary
<br />sewers and sanitary sewer service connections, sidewalks, storm sewers and water mains and
<br />water service connections and installing street lighting, all where necessary, in each case together
<br />with the necessary appurtenances and work incidental thereto, and are stated to mature on
<br />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. 2006-24 adopted.
<br />Ordinance No. 2006-25 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 $570,000
<br />for the purpose of refunding at a lower interest cost the $470,000 of outstanding storm water
<br />drainage system improvement bonds, series 1996A, and the $95,000 of outstanding storm water
<br />drainage system improvement bonds, series 1996B that were issued as a part of a consolidated
<br />issue of various purpose improvement bonds, series 1996, dated as of November 15, 1996, for the
<br />purpose of improving the city's storm water drainage system by constructing, reconstructing,
<br />rehabilitating and otherwise improving storm sewers, culverts, retention basins and other storm
<br />water drainage facilities, together with the necessary appurtenances and work incidental thereto,
<br />and are stated to mature on December 1, 2016; authorizing and directing the call for optional
<br />redemption on December 1, 2007 of all of the refunded bonds; and authorizing the execution and
<br />delivery of a bond registrar agreement and a bond purchase agreement with respect to the
<br />refunding bonds and an escrow agreement with respect to the refunding of refunded bonds.
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