|
Council Minutes of 2/7/2006
<br />refunding bonds, series 2001, dated as of May 1, 2001, for the purpose of improving the
<br />® city's Springvale Golf Course and Ballroom facility by constructing an irrigation system, a
<br />maintenance and storage building and drainage, cart path and other improvements for the
<br />golf course and renovating, remodeling, adding to, furnishing, equipping and otherwise
<br />improving the clubhouse and ballroom and are stated to mature on December 1 in 2013
<br />through 2016 and 2021; authorizing and directing the call for optional redemption on
<br />December 1, 2010 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. 2006-31 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 $520,000 for the purpose of refunding at a lower interest cost the
<br />$515,000 of outstanding street improvement bonds, series 2001, that were issued as a part
<br />of a consolidated issue of capital improvement and refunding bonds, series 2001, dated as
<br />of 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,
<br />water lines, sidewalks and driveway approaches and installing traffic signs and
<br />signalization, street lighting and related underground wiring, where necessary, in each case
<br />together with the necessary appurtenances and work incidental thereto, and are stated to
<br />mature on December 1 in 2013 through 2016; authorizing and directing the call for
<br />optional redemption on December 1, 2010 of all of the refunded bonds; and authorizing
<br />the execution and delivery of a bond registrar agreement and a bond purchase agreement
<br />with respect to the refunding bonds and an escrow agreement with respect to the
<br />refunding of refunded bonds. Finance Committee Chairperson Tallon said he was in
<br />receipt of the Fiscal Officer's Certificate.
<br />Ordinance No. 2006-32 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 $305,000 for the purpose of refunding at a lower interest cost the
<br />$285,000 of outstanding storm water drainage system improvement bonds, series 2001,
<br />that were issued as a part of a consolidated issue of capital improvement and refunding
<br />bonds, series 2001, dated as of May 1, 2001, for the purpose of improving the city's storm
<br />water drainage system by constructing, reconstructing and otherwise improving storm
<br />sewers and other storm water drainage facilities, together with the necessary appurtenances
<br />and work incidental thereto, and are stated to mature on December 1 in 2013 through 2016
<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. Finance
<br />Committee Chairperson Tallon said he was in receipt of the Fiscal Officer's Certificate.
<br />
<br />17
<br />~t
<br />
|