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Special Council Minutes of 2/16/2006
<br />® outstanding recreational facilities bonds, series 1996A, that were issued as a part of a
<br />consolidated issue of various purpose improvement bonds, series 1996, dated as of
<br />November 15, 1996, for the purpose of acquiring Springvale Country Club, including
<br />land and the clubhouse, maintenance building and other structures located thereon,
<br />fixtures, furnishings and equipment, sprinkler, underground drainage and water
<br />distribution systems and related site improvements, all together with the necessary
<br />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
<br />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. 2006-23 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 $1,965,000 for the purpose of refunding at a lower interest cost the $1,940,000 of
<br />outstanding fire station improvement bonds, series 199b, that were issued as a part of a
<br />consolidated issue of various purpose improvement bonds, series 1996, dated as of
<br />November 15, 1996, for the purpose of constructing, furnishing and equipping a fire
<br />station and acquiring, preparing, improving and equipping its site and are stated to mature
<br />on December 1, 2016; authorizing and directing the call for optional redemption on
<br />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. 2006-24 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 $1,935,000 for the purpose of refunding at a lower interest cost the $1,920,000 of
<br />outstanding street improvement bonds, series 1996B, that were issued as a part of a
<br />consolidated issue of various purpose improvement bonds, series 1996, dated as of
<br />November 15, 1996, for the purpose of improving certain designated streets in the city's
<br />street system by grading, draining, reconstructing the pavement base, preparing the
<br />surface and surfacing and resurfacing, constructing, reconstructing and rehabilitating
<br />catch basins, curbs, driveway aprons, sanitary sewers and sanitary sewer service
<br />connections, sidewalks, storm sewers and water mains and water service connections and
<br />installing street lighting, all where necessary, in each case together with the necessary
<br />appurtenances and work incidental thereto, and are stated to mature on December 1,
<br />2016; authorizing and directing the call for optional redemption on December 1, 2007 of
<br />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
<br />escrow agreement with respect to the refunding of refunded bonds.
<br />Ordinance No. 2006-25 introduced by Mayor O'Grady was given its second reading.
<br />An ordinance providing for the issuance and sale of bonds in the maximum aggregate
<br />principal amount $570,000 for the purpose of refunding at a lower interest cost the
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