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Council Minutes of 2/7/2006
<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. Finance Committee Chairperson Tallon said he was in receipt of the Fiscal
<br />Officer's Certificate.
<br />Ordinance No. 2006-22 was introduced and placed on first reading by Mayor O'Grady.
<br />An ordinance providing for the issuance and sale of bonds in the maximum aggregate
<br />principal amount $2,495,000 for the purpose of refunding at a lower interest cost the
<br />$2,385,000 of outstanding recreational facilities bonds, series 1996A, that were issued as
<br />a part of a consolidated issue of various purpose improvement bonds, series 199b, dated
<br />as of November 15, 1996, for the purpose of acquiring Springvale Country Club,
<br />including land and the clubhouse, maintenance building and other structures located
<br />thereon, 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 band purchase
<br />agreement with respect to the refunding bonds and an escrow agreement with respect to
<br />the refunding of refunded bonds. Finance Committee Chairperson Tallon said he was in
<br />receipt of the Fiscal Officer's Certificate.
<br />Ordinance No. 2006-23 was introduced and placed on first reading by Mayor O'Grady.
<br />An ordinance providing for the issuance and sale of bonds in the maximum aggregate
<br />principal amount $1,965,000 for the purpose of refunding at a lower interest cost the
<br />$1,940,000 of outstanding fire station improvement bonds, series 1996, that were issued
<br />as a part of a consolidated issue of various purpose improvement bonds, series 1996,
<br />dated as of November 15, 1996, for the purpose of constructing, furnishing and equipping
<br />a fire station and acquiring, preparing, improving and equipping its site 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. Finance Committee Chairperson Tallon said he was in receipt of the Fiscal
<br />Officer's Certificate.
<br />Ordinance No. 2006-24 was introduced and placed on first reading by Mayor O'Grady.
<br />An ordinance providing for the issuance and sale of bonds in the maximum aggregate
<br />principal amount $1,935,000 for the purpose of refunding at a lower interest cost the
<br />$1,920,000 of outstanding street improvement bonds, series 1996B, 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, reconstructing the pavement base, preparing the
<br />surface and surfacing and resurfacing, constructing, reconstructing and rehabilitating
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