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Special Council Minutes of 2/16/2©06
<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
<br />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
<br />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. 2006-29 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 $265,000 for the purpose of refunding at a lower interest cost the $245,000 of
<br />outstanding storm water drainage system improvement bonds, series 2000, that were
<br />issued as a part of a consolidated issue of various purpose improvement bonds, series
<br />2000, dated as of September 1, 2000, for the purpose of constructing, reconstructing and
<br />otherwise improving city storm sewers and storm water drainage facilities and are stated to
<br />mature on December 1, 2020; authorizing and directing the call for optional redemption
<br />on December 1, 2010 of all of the refunded bands; 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. 2006-30 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 $1,500,000 for the purpose of refunding at a lower interest cost the $1,410,000 of
<br />outstanding Springvale Golf Course and Ballroom improvement bonds, series 2001, that
<br />were issued as a part of a consolidated issue of capital improvement and refunding bonds,
<br />series 2001, dated as of May 1, 2001, for the purpose of improving the city's Springvale
<br />Golf Course and Ballroom facility by constructing an irrigation system, a maintenance and
<br />storage building and drainage, cart path and other improvements for the golf course and
<br />renovating, remodeling, adding to, furnishing, equipping and otherwise improving the
<br />clubhouse and ballroom and are stated to mature on December 1 in 2013 through 201b
<br />and 2021; authorizing and directing the call for optional redemption on December 1,
<br />2010 of all of the refunded bonds; and authorizing the execution and delivery of a bond
<br />registrar agreement and a bond purchase agreement with respect to the refunding bonds
<br />and an escrow agreement with respect to the refunding of refunded bonds
<br />Ordinance No. 2006-31 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 $520,000 for the purpose of refunding at a lower interest cost the $515,000 of
<br />outstanding street improvement bonds, series 2001, that were issued as a part of a
<br />consolidated issue of capital improvement and refunding bonds, series 2001, dated as of
<br />May 1, 2001, for the purpose of improving certain designated streets in the city, in
<br />cooperation with Cuyahoga County and otherwise, by grading, draining, widening,
<br />reconstructing the pavement base, preparing the surface, surfacing and resurfacing,
<br />constructing and reconstructing curbs, gutters, catch basins, storm sewers, sanitary sewers,
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