11/3/2016 Meeting Minutes - Laserfiche WebLink

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Council Minutes of 11-03-2016 $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 2016-106 adopted 5-0. Ordinance 2016-107 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 $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 Barker moved for adoption. The motion was seconded by Councilman Kearney and passed unanimously. Ordinance 2016-107 adopted 5-0. Ordinance 2016-108 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 $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 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 2016-108 adopted 5-0. Ordinance 2016-109 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 $1,450,000 to provide funds to pay costs of improving Barton Road and certain other designated streets between certain termini in the City by reconstructing and rehabilitating the pavement base, adjusting, constructing and reconstructing catch basins, curbs and curb ramps, manholes and utility valve and monument boxes, where necessary, preparing the surface and resurfacing, in each case together with the necessary appurtenances and work incidental thereto; authorizing the execution and delivery of a Bond Registrar Agreement, a Continuing Disclosure Agreement and a Bond Purchase Agreement, and declaring an emergency. Councilman Barker moved for adoption. The motion was seconded by Councilman Kearney and passed unanimously. Ordinance 2016- 109 adopted 5-0. 3