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MINUTES OF THE SPECIAL MEETING OF THE COUNCIL OF THE CITY OF NORTH OLMSTED NOVEMBER 3, 2016 Present: Council President Jones, Council Members Barker, Hemann, Kearney, Limpert & Williamson Also Present: Mayor Kennedy, Director of Finance Copfer, Director of Law Gareau Absent: Council Members Brossard & Schumann, Director of Safety & Service Glauner, Director of Planning & Development Wenger, and Human Resources Director Gallo Council President Jones called the meeting to order at 7:00 p.m. in Council Chambers, 5200 Dover Center Road, North Olmsted, Ohio. Members of the audience were invited to join Council in the recitation of the Pledge of Allegiance. No legislation will be considered for passage under suspension of the rules this evening. AUDIENCE PARTICIPATION No comments. LEGISLATION Ordinance 2016-102 introduced by Mayor Kennedy was given its third reading. An Ordinance providing for the issuance and sale of Bonds in a maximum aggregate principal amount of $3,075,000 for the purpose of refunding for debt service savings the $3,075,000 of the City's outstanding Capital Improvement Refunding Bonds, Series 2006D, dated as of June 29, 2006, that are stated to mature on December 1, 2020 and were issued for the purpose of advance refunding certain of the City's then outstanding Library Improvement Bonds, Series 2001, dated as of May 1, 2001, and issued for the purpose of constructing, furnishing, equipping and otherwise improving a free public library building and acquiring, preparing, landscaping and otherwise improving its site; 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 moved for adoption. The motion was seconded by Councilman Barker and passed unanimously. Ordinance 2016-102 adopted 5-0.