02/18/2009 Meeting Minutes - Laserfiche WebLink

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1 ` MINUTES OF THE SPECIAL MEETING OF THE COUNCIL OF THE CITY OF NORTH OLMSTED WEDNESDAY, FEBRUARY 18, 2009 Present: President Kennedy, Council Members Barker, Gareau, Dailey Jones, Kearney, Mahoney, Orlowski Also Present: Mayor O'Grady, Finance Director Copfer, Clerk of Council Seman President Kennedy called the special meeting to order at 6:30 p.m. in the Council Caucus Room, 5200 Dover Center Road, North Olmsted, Ohio. All present were asked to join Council in the recitation of the Pledge of Allegiance. FINANCE COMMITTE,~,E REPORT Councilman Gareau, chairperson of the Finance Committee noted that the committee did not meet to discuss the legislation. He explained that the substance of Ordinance Nos. 2009-17, 2009-18, 2009-19, 2009-20, and 2008-21 was discussed previously in the Streets Committee. What compromises these pieces of legislation is new borrowing and previous borrowing which needs to be rolled over and refinanced. Councilman Gareau made a motion to relieve Ordinance Nos. 2009-17, 2409-18, 2009-19, 2009-20, and 2009-21 from the Finance Committee and place them on second reading. The motion was seconded by Councilman Barker and passed unanimously. LEGISLATION Ordinance No. 2009-17 introduced by Mayor O'Grady was given its second reading. An ordinance dispensing with an RFQ process and authorizing the Mayor to retain and enter into a contract with Squire, Sanders & Dempsey L. L. P. to provide certain legal services as bond counsel in connection with the city's 2009 general obligation bond anticipation note financing, and declaring an emergency. Ordinance No. 2009-18 introduced by Mayor O'Grady was given its second reading. An ordinance providing for the issuance and sale of $1,145,000 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, and declaring an emergency.