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Council Minutes of 2/21/2006
<br />Councilman Talton moved for adoption. The motion was seconded by Councilman Miller and
<br />passed unanimously. Ordinance No. 2006-25 adopted.
<br />Ordinance No. 2006-26 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 $80,000
<br />for the purpose of refunding at a lower interest cost the $75,0(?0 of outstanding Police Station
<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 />constructing, furnishing, equipping and otherwise improving an addition to the city's Police
<br />Station and preparing and improving the site thereof and are stated to mature on December 1,
<br />2016; authorizing and directing the call for optional redemption on December 1, 2007 of all of the
<br />refunded bonds; and authorizing the execution and delivery of a bond registrar agreement and a
<br />bond purchase agreement with respect to the refunding bonds and an escrow agreement with
<br />respect to the refunding of refunded bonds. Councilman Tallan moved for adoption. The motion
<br />was seconded by Councilman Miller and passed unanimously. Ordinance No. 2006-26 adopted.
<br />Ordinance No. 2006-27 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 $640,000
<br />for the purpose of refunding at a lower interest cost the $590,000 of outstanding Recreation
<br />Center improvement bonds, series 2000, that were issued as a part of a consolidated issue of
<br />various purpose improvement bonds, series 20()0, dated as of September 1, 2040, for the purpose
<br />of improving the city's park and recreational facilities by remodeling, renovating, rehabilitating and
<br />otherwise improving the Recreation Center and are stated to mature on December 1, 2020;
<br />authorizing and directing the call for optional redemption on December 1, 2010 of all of the
<br />refunded bonds; and authorizing the execution and delivery of a bond registrar agreement and a
<br />bond purchase agreement with respect to the refunding bonds and an escrow agreement with
<br />respect to the refunding of refunded bonds. Councilman Talton moved for adoption. The motion
<br />was seconded by Councilman Ryan and passed unanimously. Ordinance No. 2006-27 adopted.
<br />Ordinance No. 2006-28 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 $605,000
<br />for the purpose of refunding at a lower interest cost the $560,000 of outstanding sanitary
<br />sewerage system improvement bonds, series 2000, that were issued as a part of a consolidated
<br />issue of various purpose improvement bonds, series 2040, dated as of September 1, 2000, for the
<br />purpose of improving the city's sanitary sewerage system by constructing sanitary sewers, force
<br />mains and pumping facilities and by constructing and reconstructing storm sewers and other storm
<br />water drainage facilities and improvements to control and limit the volume of storm water entering
<br />or otherwise affecting the sanitary sewerage system, in each case together with the necessary
<br />appurtenances and work incidental thereto, and are stated to mature on December 1, 2020;
<br />authorizing and directing the call for optional redemption on December 1, 2010 of all of the
<br />refunded bonds; and authorizing the execution and delivery of a bond registrar agreement and a
<br />bond purchase agreement with respect to the refunding bonds and an escrow agreement with
<br />respect to the refunding of refunded bonds. Councilman Talton moved for adoption. The motion
<br />was seconded by Councilman Ryan and passed unanimously. Ordinance No. 2006-28 adopted.
<br />Ordinance No. 2006-29 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 $265,000
<br />for the purpose of refunding at a lower interest cost the $245,000 of outstanding storm water
<br />drainage system improvement bonds, series 2000, that were issued as a part of a consolidated
<br />issue of various purpose improvement bonds, series 2000, dated as of September 1, 2000, for the
<br />purpose of constructing, reconstructing and otherwise improving city storm sewers and storm water
<br />drainage facilities and are stated to mature on December 1, 2020; authorizing and directing the
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