12/01/2015 Meeting Minutes - Laserfiche WebLink

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Council Minutes of 12-01-2015 North Olmsted Recreation Center during the construction process. This has been turned over to the city's insurance defense carrier. • In the matter of Brian Bielozer vs. The North Olmsted Civil Service Commission, this was the appeal that Bielozer took from the determination to remove him from the eligible list for the position of Sergeant. The period of time within by statue he is permitted to petition the Court of Common Pleas to vacate the Arbitrator's award has expired. His termination is final and there is no additional judicial remedy available for that. He no longer has the right to petition a court for relief to seek his job back, and no longer has the right to petition a court to ask that he be promoted. The city will ask the court to dismiss that. • Regarding property maintenance, there are four open cases subject to conviction, three complaints authorized and awaiting filing, five complaints referred to the Law Dept. pending prosecution and nine additional complaints with unresolved service issues. Director of Finance Copfer: • Huntington Investments sold the city's Bonds on Wednesday, November 18, 2015. The city achieved an all in TIC (True Interest Cost) which is the net of all of the fees — 2.387541% on the unlimited tax fire station refunding and 2.511398% on the capital improvement and limited tax refunding Bonds. The net present value savings of the refunding portions of the bond issue was $312,612.81. In other words, after all costs are considered the city will still pay that much less on debt service as if they did nothing and kept the existing debt as is. • She has an electronic version of the final official statement related to the debt transaction and will forward it to Council for their information. She will leave one hard copy in the Council office for Council's review. • The September 30, 2015 year to date summary and detail reports along with the narrative for the third quarter were emailed to Council on November 20, 2015. October 31, 2015 year to date detail and summary reports were emailed on November 30, 2015. • RITA mailed 2,884 subpoenas for unfiled tax returns. They will be on-site December 15, 2015 through December 17, 2015 in Council Chambers. If people call you, please direct them to the number on the subpoena for RITA as they can usually avoid having to appear by providing the necessary information prior to the subpoena time. • The December 1, 2015 debt payment was transferred on Monday November 30, 2015. The total was $6,327,344.38 of which $5,795,000 was principal reduction. • They received the GFOA Certificate of Achievement for Excellence in Financial Reporting Award for the 2014 Comprehensive Annual Financial Report. The city has attained this award since our 1999 CAFR, which was the first year the city issued a CAFR. Council President Jones, Committee of the Whole: The Committee of the Whole met Tuesday, November 24, 2015 at 7:30 p.m. Present were Council President Jones; Council members Barker, Brossard, Kearney, Limpert, 2