02/07/2006 Meeting Minutes - Laserfiche WebLink

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Council Minutes of 2/7/2006 catch basins, curbs, driveway aprons, sanitary sewers and sanitary sewer service connections, sidewalks, storm sewers and water mains and water service connections and installing street lighting, all where necessary, in each case together with the necessary appurtenances and work incidental thereto, and are stated to mature on December 1, 2016; authorizing and directing the call for optional redemption on December 1, 2007 of all of the refunded bonds; and authorizing the execution and delivery of a bond registrar agreement and a bond purchase agreement with respect to the refunding bonds and an escrow agreement with respect to the refunding of refunded bonds. Finance Committee Chairperson Tallon said he was in receipt of the Fiscal Officer's Certificate. Ordinance No. 2006-25 was introduced and placed on first reading by Mayor O'Grady. An ordinance providing for the issuance and sale of bonds in the maximum aggregate principal amount $570,000 for the purpose of refunding at a lower interest cost the $470,000 of outstanding storm water drainage system improvement bonds, series 1996A, and the $95,000 of outstanding storm water drainage system improvement bonds, series 1996B that were issued as a part of a consolidated issue of various purpose improvement bonds, series 1996, dated as of November 15, 1996, for the purpose of improving the city's storm water drainage system by constructing, reconstructing, rehabilitating and otherwise improving storm sewers, culverts, retention basins and other storm water drainage facilities, together with the necessary appurtenances and work incidental thereto, and are stated to mature on December 1, 2016; authorizing and directing the call for optional redemption on December 1, 2007 of all of the refunded bonds; and authorizing the execution and delivery of a bond registrar agreement and a bond purchase agreement with respect to the refunding bonds and an escrow agreement with respect to the refunding of refunded bonds. Finance Committee Chairperson Tallon said he was in receipt of the Fiscal Officer's Certificate. Ordinance No. 2006-26 was introduced and placed on first reading by Mayor O'Grady. An ordinance providing for the issuance and sale of bonds in the maximum aggregate principal amount $80,000 for the purpose of refunding at a lower interest cost the $75,000 of outstanding Police Station improvement bonds, series 1996, that were issued as a part of a consolidated issue of various purpose improvement bonds, series 1996, dated as of November 15, 1996, for the purpose of constructing, furnishing, equipping and otherwise improving an addition to the city's Police Station and preparing and improving the site thereof and are stated to mature on December 1, 2016; authorizing and directing the call for optional redemption on December 1, 2007 of all of the refunded bonds; and authorizing the execution and delivery of a bond registrar agreement and a bond purchase agreement with respect to the refunding bonds and an escrow agreement with respect to the refunding of refunded bonds. Finance Committee Chairperson Tallon said he was in receipt of the Fiscal Officer's Certificate. Ordinance No. 2006-27 was introduced and placed on first reading by Mayor O'Grady. An ordinance providing for the issuance and sale of bonds in the maximum aggregate principal amount $640,000 for the purpose of refunding at a lower interest cost the $590,000 of outstanding Recreation Center improvement bonds, series 2000, that were issued as a part of a consolidated issue of various purpose improvement bonds, series 15