6/4/2019 Meeting Minutes - Laserfiche WebLink

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MINUTES OF THE MEETING OF THE COUNCIL: OF THE CITY OF NORTH OLMSTED JUNE 4, 2019 Present: Council President Jones, Council Members Brossard, Glassburn, Kearney, Limpert & Williamson Also Present: Mayor Kennedy, Director of Finance Copfer, Director of Human Resources Gallo, Director of Law Gareau, Director of Safety & Service Glauner, Director of Planning & Development L.,ieher and Clerk of Council Massarolo Absent: Council Members Hemann & Schumann Council President Jones called the meeting to order at 8:00 p.m. in Council Chambers, 5200 Dover Center Road, North Olmsted, Ohio. Members of the audience were invited to join the Scouts and Council in the recitation of the Pledge of Allegiance. The Council meeting minutes of May 21, 2019 were approved as written. The following legislation will be considered for passage under suspension of the rules this evening: None. The Honorary Officials for All Scouts Day 2019 were announced. Doug Roebuck was named Mr. Scouting and Cindy Roebuck was named Mrs. Scouting. Both were presented with proclamations by Mayor Kennedy and Council President Jones. Mayor Kennedy: • No Report. Director of Law Gareau: • No Report. Director of Finance Copfer: • On May 14, 2019 Moody's Investor Services issued an annual comment on North Olmsted. They do ratings fir bonds. They said the City"s credit pc►sition is very strong and the Aa2 rating is slightly above U.S. Cities median, which is Aa3. The notable credit factors include a robust financial position, a healthy wealth and income profile and sizeable tax base. Also reflected is the manageable debt burden of the City and an elevated pension liability, which is a change in accounting for the entire country. Councilman Brossard Vice Chairman ofthe Finance Committee: