Finance Committee Meeting The City of Lakewood, Ohio -

Finance Committee Meeting


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Finance Committee Meeting

January 22 @ 6:00 pm - 6:30 pm

The Finance Committee will meet Tuesday, January 22, 2019 at 6:00 PM in the East Conference Room (adjacent to the Auditorium) of Lakewood City Hall, 12650 Detroit Avenue.  The agenda is as follows:

ORDINANCE 65-18 – AN ORDINANCE authorizing the issuance of not to exceed $18,000,000 of bonds for the purpose of currently refunding notes issued for the purpose of (i) designing, permitting, engineering and constructing sewer improvements, together with all necessary appurtenances thereto, (ii)   designing, engineering and constructing water improvements, together with all necessary appurtenances thereto, (iii) improving parks within the city, including Kids Cove playground and Kaufmann park, together with all necessary appurtenances thereto, (iv) improving sidewalks within the city (v) designing, engineering, and constructing improvements and installing a retaining wall on the northerly property line of the Winton cliff to stabilize the exposed shale bluff, (vi) improving Lake Avenue and Maple Cliff Drive  and other streets located within the city, between certain termini, by resurfacing and replacing concrete, together with all necessary appurtenances thereto, (vii) designing, engineering and constructing drainage improvements, together with all necessary appurtenances thereto, (viii) improving Andrews Avenue, Athens Avenue, Chesterland Avenue, Concord Drive, Delaware Avenue, Erie Cliff Drive, Hall Avenue, Lake Point Drive, Leedale Avenue, Leonard Avenue, Mars Avenue, McKinley Avenue, Northwood Avenue, Richland Avenue, Shaw Avenue and West 117th Street, and other streets located within the city, between certain termini, by resurfacing and replacing concrete, together with all necessary appurtenances thereto; (ix) providing, constructing and installing a revetment on the northerly property line of the Meridian Condominium to protect the Meridian Condominium’s westerly property line with Lake Erie, eastward to the intersection of Meridian Condominium’s easterly property line with Lake Erie, (x) improving Franklin Avenue and Hilliard Road, between certain termini, by providing new traffic signalization, together with all necessary appurtenances thereto and (xi) replacing or improving roofs of the public works garage, the fire station, Winterhurst ice rink and other public buildings, together with necessary appurtenances thereto; approving related matters in connection with the issuance of the bonds; and declaring an emergency. (Placed on 1st reading & referred to Finance 12/17/18; 2nd reading 1/7/19)

ORDINANCE 66-18 – AN ORDINANCE authorizing the issuance of special obligation income tax revenue notes in the amount of not to exceed $3,000,000 in anticipation of the issuance of bonds; to pay costs of designing, engineering, permitting and constructing improvements to the city’s existing digester mixers, heat exchangers and tanks, together with all necessary appurtenances thereto; providing for the pledge of revenues from the city’s 1.50% income tax to secure the payment of the principal of and interest on the notes in anticipation of bonds; and approving related matters; and declaring an emergency. (Placed on 1st reading & referred to Finance 12/17/18; 2nd reading 1/7/19)

ORDINANCE 67-18 – AN ORDINANCE authorizing the issuance of special obligation income tax revenue notes in the amount of not to exceed $1,400,000 in anticipation of the issuance of bonds; to pay costs of improving parks within the city, including Lakewood Park, Edwards Park and Wagar Park, together with all necessary appurtenances thereto; providing for the pledge of revenues from the city’s 1.50% income tax to secure the payment of the principal of and interest on the notes in anticipation of bonds; and approving related matters; and declaring an emergency. (Placed on 1st reading & referred to Finance 12/17/18; 2nd reading 1/7/19)

ORDINANCE 68-18 – AN ORDINANCE authorizing the issuance of special obligation income tax revenue notes in the amount of not to exceed $14,625,000 in anticipation of the issuance of bonds to pay costs of (i)  designing, permitting, engineering and constructing sewer improvements, together with all necessary appurtenances thereto, (ii) designing, engineering, permitting and constructing improvements to the city’s existing digester mixers, heat exchangers and tanks, together with all necessary appurtenances thereto, (iii) designing, engineering and constructing water improvements, together with all necessary appurtenances thereto, (iv) improving Lake Avenue and other streets located within the city, between certain termini, by resurfacing and replacing concrete, together with all necessary appurtenances thereto, (v) replacing or improving the roof of the public works garage and other public buildings, together with all necessary appurtenances thereto, (vi) improving parking lots within the city by resurfacing and replacing concrete, together with all necessary appurtenances thereto and (vii) replace equipment and backstop for police firing range, and retiring notes previously issued for such purpose; approving related matters and (vi) designing, engineering and constructing water improvements thereto, together with all necessary appurtenances thereto; providing for the pledge of revenues from the city’s 1.50% income tax to secure the payment of the principal of and interest on the notes in anticipation of bonds; and approving related matters; and declaring an emergency. (Placed on 1st reading & referred to Finance 12/17/18; 2nd reading 1/7/19)

ORDINANCE 69-18 – AN ORDINANCE authorizing the issuance of special obligation income tax revenue notes in the amount of not to exceed $1,500,000 in anticipation of the issuance of bonds; to pay costs of improving Riverside Drive and other streets located within the city, between certain termini, by resurfacing and replacing concrete, together with all necessary appurtenances thereto; providing for the pledge of revenues from the city’s 1.50% income tax to secure the payment of the principal of and interest on the notes in anticipation of bonds; and approving related matters; and declaring an emergency. (Placed on 1st reading & referred to Finance 12/17/18; 2nd reading 1/7/19)

ORDINANCE 70-18 – AN ORDINANCE authorizing the issuance of special obligation income tax revenue notes in the amount of not to exceed $530,000 in anticipation of the issuance of bonds; to pay costs of replacing or improving the roof of the public works garage and other public buildings, together with all necessary appurtenances thereto; providing for the pledge of revenues from the City’s 1.50% income tax to secure the payment of the principal of and interest on the notes in anticipation of bonds; and approving related matters; and declaring an emergency. (Placed on 1st reading & referred to Finance 12/17/18; 2nd reading 1/7/19)

ORDINANCE 71-18 – AN ORDINANCE authorizing the issuance of special obligation income tax revenue notes in the amount of not to exceed $650,000 in anticipation of the issuance of bonds; to pay costs of improving sidewalks within the City, together with all appurtenances thereto; providing for the pledge of revenues from the City’s 1.50% income tax to secure the payment of the principal of and interest on the notes in anticipation of bonds; and approving related matters; and declaring an emergency. (Placed on 1st reading & referred to Finance 12/17/18; 2nd reading 1/7/19)

ORDINANCE 72-18 – AN ORDINANCE authorizing the issuance of special obligation income tax revenue notes in the amount of not to exceed $2,000,000 in anticipation of the issuance of bonds; to pay costs of designing, engineering, and constructing water improvements, together with all necessary appurtenances thereto; providing for the pledge of revenues from the City’s 1.50% income tax to secure the payment of the principal of and interest on the notes in anticipation of bonds; and approving related matters; and declaring an emergency. (Placed on 1st reading & referred to Finance 12/17/18; 2nd reading 1/7/19)

ORDINANCE 73-18 – AN ORDINANCE to take effect immediately provided it receives the affirmative vote of at least two thirds of the members of Council, or otherwise to take effect and be in force at the earliest period allowed by law, authorizing the Director of Finance to enter into Equipment Leases in forms approved by the Director of Law on behalf of the City of Lakewood. (Placed on 1st reading & referred to Finance 12/17/18; 2nd reading 1/7/19)

Dan O’Malley, Chair
Tom Bullock, Meghan F. George; Members
FINANCE COMMITTEE

Details

Date:
January 22
Time:
6:00 pm - 6:30 pm