07/03/1984 Meeting Minutes - Laserfiche WebLink

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MINUTES OF THE MEETING OF THE COUNCIL OF THE CITY OF NORTH OLMSTED JULY 3, 1984 Present: President James Boehmer, Councilmen Bierman, O'Grady, Petrigac, Rademaker, Saringer, Tallon, Wilamosky. Also present: Mayor Robert Swietyniowski, Law Director Michael Gareau, Finance Director Edward Boyle, Acting Clerk of Council Linda Spencer. Meeting was called to order by President Boehmer at 8:00 P.M. Members of the audience were invited to join Members of Council in reciting the Pledge of Allegiance. Minutes of the Council Meeting of June 19, 19$4 were approved. President Boehmer announced that in-the absence of Florence Campbell, Linda Spencer would be Acting Clerk of Council. Also, Ordinance Nos. 84-63, 84-64 and 84-65 'sre being added to tonight's agenda. Mayor Swietyniowski reported: 1) Welcomed everyone to the first Council Meeting in the new chambers; has been unable to get the sound system completely adjusted. Thanked Bob Prickett and John Yasher for the excellent job they did in building the desks, podiums and table and preparing the chambers, conference and caucus rooms. 2) Thanked NOSO President, Doctor Dick Bokany, board members and parents who made NOSO Cup 1984 a big success. 3) Fourth of July fireworks display will start at approximately 9:45 P.M. with a rain date scheduled for Saturday. Thanked Great Northern Mall and Plaza merchants as well as the Parks and Recreation Department for sponsoring this event. Finance Director Boyle reported: 1) Lorain Avenue note sale of $205,000 will be closed on July 17th at a rate of 8.05% negotiated through McDonald and Company. 2) Talked to Mr. Ken Cox, Director of the Ohio Department of Highway Safety with respect to a problem with motor vehicle registration revenues. City has not received its total distribution. Solution of the problem will require legislative action by the Ohio Legislation and City should receive the major portion of this money during this calendar year. A few years ago, when these accounts became delinquent, a fund was set up and the interest earned on this fund will also be distributed to the City. 3) Also spoke with members of the Federal Department of Natural Resources about possible funding for the Recreation Complex. This is still being investigated as well as funding for North Olmsted Park for next year. 4) Had previously reported to Council about a bond sale for this year; City will not be doing the bond sale; are going to stay with notes since the bond market is too volati]e right now. Will be introducing legislation for the notes to be dated for a period in September, to go for one year, to hopefully capture a lower interest rate. 5) PERS Annual Reports are now available in Finance Department. 6) Mr. Boyle was elected to the Regional Income Tax Board of Trustees to fill the un- expired term of Allen Mills.