11/3/2016 Meeting Minutes - Laserfiche WebLink

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Council Minutes of 11-03-2016 Ordinance 2016-103 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 $1,370,000 for the purpose of refunding for debt service savings the $1,370,000 of the City's outstanding Recreational Facilities Refunding Bonds, Series 2006C, 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 Barker moved for adoption. The motion was seconded by Councilman Kearney and passed unanimously. Ordinance 2016-103 adopted 5-0. Ordinance 2016-104 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 $277,000 for the purpose of refunding for debt service savings the $277,000 of the City's outstanding Recreation Center Improvement Refunding Bonds, Series 2006H, 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 moved for adoption. The motion was seconded by Councilman Barker and passed unanimously. Ordinance 2016-104 adopted 5-0. Ordinance 2016-105 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 $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 2006I, 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 Barker moved for adoption. The motion was seconded by Councilman Kearney and passed unanimously. Ordinance 2016-105 adopted 5-0. Ordinance 2016-106 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 $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 1 in each of the years from 2017 through 2020 and were issued as a part of a consolidated issue of N