02/12/2007 Meeting Minutes - Laserfiche WebLink

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x MINUTES OF THE SPECIAL MEETING OF THE COUNCIL OF THE CITY OF NORTH OLMSTED MONDAY, FEBRUARY 12, 2007 Present: President of Council Kennedy, Council Members Barker, Gareau, Miller, Orlowski, Tallon Also Present: Mayor O'Grady, Law Director Dubelko, Finance Director Copfer, Clerk of Council Seman Absent: Council Members Dailey Jones and Ryan President Kennedy called the special meeting to order at 7:05 p.m. in Council Chambers, 5200 Dover Center Road, North Olmsted, Ohio. FINANCE COMMITTE RE~PQRT Councilman Tallon, chairperson of the Finance Committee: 1) The committee met at 6:35 p.m. this evening, February 12, 2007, to discuss the borrowing legislation Ordinance Nos. 2007-9 and 2007-10. In attendance were committee members Tallon and Orlowski; Council Members Barker, Miller, and Council President Kennedy; Finance Director Copfer, Human Resources Director Farver; Law Director Dubelko; Mayor O'Grady; guests. After discussion of each, the committee voted 2-0 to recommend passage. LEGISLATION Ordinance No. 2007-9 introduced by Mayor O'Grady was given its second reading. An ordinance providing for the issuance and sale of $1,410,000 of notes, in anticipation of the issuance of bonds, for the purpose of improving certain designated streets in the City, in cooperation with the Director of Transportation of the State of Ohio and Cuyahoga County and otherwise, by grading, draining, constructing, reconstructing and rehabilitating the pavement base, curbs and sidewalks and adjusting, rehabilitating and reconstructing catch basins, manholes and water valve boxes, where necessary, preparing the surface and surfacing and resurfacing, in each case together with the necessary appurtenances and work incidental thereto. Ordinance No. 2007-10 introduced by Mayor O'Grady was given its second reading. An ordinance providing for the issuance and sale of $150,000 of notes, in anticipation of the issuance of bonds, for the purpose of acquiring and installing telecommunications equipment and related software and appurtenances.