10/18/2016 Meeting Minutes - Laserfiche WebLink

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Council Minutes of 10-18-2016 Ordinance 2016-105 was introduced and placed on first reading by Mayor Kennedy. An Ordinance providing for the issuance and sale of Bonds in a maximum aggregate principal amount of $261,000 for the purpose of refunding for debt service savings the $261,000 of the City's outstanding Sanitary Sewerage System Improvement Refunding Bonds, Series 20061, that are stated to mature on December 1 in each of the years from 2017 through 2020 and were issued as a part of a consolidated issue of $19,645,000 Capital Improvement Refunding Bonds, Series 2006C; authorizing and directing the call of all of the refunded Bonds for optional redemption; authorizing the execution and delivery of a Bond Registrar Agreement, a Continuing Disclosure Agreement and a Bond Purchase Agreement with respect to the refunding Bonds and an Escrow Agreement with respect to the refunding of refunded Bonds, and declaring an emergency. Councilman Kearney stated he is in receipt of the Fiscal Officers Certificate. Ordinance 2016-106 was introduced and placed on first reading by Mayor Kennedy. An Ordinance providing for the issuance and sale of Bonds in a maximum aggregate principal amount of $116,000 for the purpose of refunding for debt service savings the $116,000 of the City's outstanding Storm Water Drainage System Improvement Refunding Bonds, Series 2006J, that are stated to mature on December I in each of the years from 2017 through 2020 and were issued as a part of a consolidated issue of $19,645,000 Capital Improvement Refunding Bonds, Series 2006C; authorizing and directing the call of all of the refunded Bonds for optional redemption; authorizing the execution and delivery of a Bond Registrar Agreement, a Continuing Disclosure Agreement and a Bond Purchase Agreement with respect to the refunding Bonds and an Escrow Agreement with respect to the refunding of refunded Bonds, and declaring an emergency. Councilman Kearney stated he is in receipt of the Fiscal Officers Certificate. Ordinance 2016-107 was introduced and placed on first reading by Mayor Kennedy. An Ordinance providing for the issuance and sale of Bonds in a maximum aggregate principal amount of $868,000 for the purpose of refunding for debt service savings the $868,000 of the City's outstanding Springvale Golf Course and Ballroom Improvement Refunding Bonds, Series 2006K, that are stated to mature on December 1 in each of the years from 2017 through 2021 and were issued as a part of a consolidated issue of $19,645,000 Capital Improvement Refunding Bonds, Series 2006C; authorizing and directing the call of all of the refunded Bonds for optional redemption; authorizing the execution and delivery of a Bond Registrar Agreement, a Continuing Disclosure Agreement and a Bond Purchase Agreement with respect to the refunding Bonds and an Escrow Agreement with respect to the refunding of refunded Bonds, and declaring an emergency. Councilman Kearney stated he is in receipt of the Fiscal Officers Certificate. Ordinance 2016-108 was introduced and placed on first reading by Mayor Kennedy. An Ordinance providing for the issuance and sale of Bonds in a maximum aggregate principal amount of $178,000 for the purpose of refunding for debt service savings the $178,000 of the City's outstanding Storm Water Drainage System Improvement Refunding Bonds, Series 2006M, that are stated to mature on December 1 in each of the years from 2017 through 2021 and were issued as a part of a consolidated issue of $19,645,000 Capital Improvement Refunding Bonds, Series 2006C; authorizing and directing the call of all of the refunded Bonds for optional redemption; authorizing the 7