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Special Council Minutes of 2/16/2006
<br />Ordinance No. 2006-19 introduced by Mayor O'Grady was given its second reading. An
<br />ordinance providing for the issuance and sale of bonds in the maximum aggregate
<br />principal amount of $4,000,000 for the purpose of constructing, furnishing, equipping
<br />and otherwise improving a fire station, providing fire apparatus and equipment to be
<br />housed therein and acquiring, preparing and otherwise improving real estate and interests
<br />therein for its site, and declaring an emergency.
<br />Ordinance No. 2006-20 introduced by Mayor O'Grady was given its second reading. An
<br />ordinance providing for the issuance and sale of bonds in the maximum aggregate principal
<br />amount $5,935,000 for the purpose of refunding at a lower interest cost the $5,900,000 of
<br />outstanding sanitary sewer improvement bonds, series 1996, that were issued as a part of
<br />a consolidated issue of various purpose improvement bonds, series 1996, dated as of
<br />November 15, 1996, for the purpose of improving the city's sanitary sewer system and its
<br />functions by constructing, reconstructing, rehabilitating and replacing sanitary sewers,
<br />sanitary sewer connections and pumping and retention facilities, by improving and
<br />equipping the Wastewater Treatment Plant and by constructing and reconstructing storm
<br />sewers and other storm water drainage facilities and improvements to control and limit
<br />the volume of storm water entering or otherwise affecting the sanitary sewerage system,
<br />together in all cases with any necessary appurtenances and the performance of any
<br />incidental work, and are stated to mature on December 1, 2016; authorizing and directing
<br />the call for optional redemption on December 1, 2007 of all of the refunded bonds; and
<br />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
<br />the refunding of refunded bonds.
<br />Ordinance No. 2006-21 introduced by Mayor O'Grady was given its second reading. An
<br />ordinance providing for the issuance and sale of bonds in the maximum aggregate
<br />principal amount $2,855,000 for the purpose of refunding at a lower interest cost the
<br />$2,835,000 of outstanding street improvement bonds, Series 1996A, that were issued as a
<br />part of a consolidated issue of various purpose improvement bonds, Series 1996, dated as
<br />of November 15, 1996, for the purpose of improving certain designated streets in the
<br />city's street system by grading, draining, widening, reconstructing the pavement base,
<br />preparing the surface and surfacing and resurfacing, constructing, reconstructing, and
<br />rehabilitating catch basins, curbs, driveway aprons, manholes, sanitary sewers and
<br />sanitary sewer service connections, sidewalks, storm sewers and water mains and water
<br />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
<br />mature on December 1, 2016; authorizing and directing the call for optional redemption
<br />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
<br />bonds.
<br />Ordinance No. 2006-22 introduced by Mayor O'Grady was given its second reading. An
<br />ordinance providing for the issuance and sale of bonds in the maximum aggregate principal
<br />amount $2,495,000 for the purpose of refunding at a lower interest cost the $2,385,000 of
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