Finance Committee Meeting The City of Lakewood, Ohio -

Finance Committee Meeting


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Finance Committee Meeting

January 21 @ 6:00 pm - 7:00 pm

The Finance Committee will meet Tuesday, January 21, 2020, at 6:00 PM in the East Conference Room of Lakewood City Hall, 12650 Detroit Avenue, Lakewood, Ohio.  The agenda is as follows:

Approval of the minutes of the December 7, 9 & 16, 2019 Finance Committee meetings.

  1. ORDINANCE 49-19 – Authorizing the issuance of special obligation income tax revenue notes in the amount of not to exceed $22,705,000 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, (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, (viii) improving Riverside Drive and other streets located within the city, between certain termini, by resurfacing and replacing concrete, together with all necessary appurtenances thereto, (ix) improving parks within the city, including Lakewood Park, Edwards Park and Wagar Park, together with all necessary appurtenances thereto and (x) improving sidewalks within the city; 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. (1st read & referred to Finance 12/16/19; 2nd reading 1/6/20)
  2. ORDINANCE 50-19 – 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 Lakewood Heights Boulevard, Riverside Drive, Bonnieview Avenue, Cannon Avenue, Mars Avenue, Victoria Avenue, St. Charles avenue 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. (1st read & referred to Finance 12/16/19; 2nd reading 1/6/20)
  3. ORDINANCE 51-19 – Authorizing the issuance of special obligation income tax revenue notes in the amount of not to exceed $1,300,000 in anticipation of the issuance of bonds; to pay costs of designing, engineering, permitting and constructing a new outfall, stone revetment and rehabilitating the existing sewers, 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. (1st read & referred to Finance 12/16/19;2nd reading 1/6/20)
  4. ORDINANCE 52-19 – Authorizing the issuance of special obligation income tax revenue notes in the amount of not to exceed $760,000 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. (1st read & referred to Finance 12/16/19; 2nd reading 1/6/20)
  5. ORDINANCE 53-19 – 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; 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. (1st read & referred to Finance 12/16/19; 2nd reading 1/6/20)
  6. ORDINANCE 54-19 – Authorizing the issuance of special obligation income tax revenue notes in the amount of not to exceed $610,000 in anticipation of the issuance of bonds; to pay costs of improving and reconstructing the city’s recycling facility; 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. (1st read & referred to Finance 12/16/19; 2nd reading 1/6/20)
  7. ORDINANCE 55-19 – Authorizing the issuance of special obligation income tax revenue notes in the amount of not to exceed $250,000 in anticipation of the issuance of bonds; to pay costs of replacing or improving the roof of City Hall 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. (1st read & referred to Finance 12/16/19; 2nd reading 1/6/20)  \
  8. ORDINANCE 56-19 – Authorizing the issuance of special obligation income tax revenue notes in the amount of not to exceed $250,000 in anticipation of the issuance of bonds; to pay costs of improving the city’s jail; 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. (1st read & referred to Finance 12/16/19; 2nd reading 1/6/20)
  9. ORDINANCE 57-19 – Authorizing the issuance of special obligation income tax revenue notes in the amount of not to exceed $190,000 in anticipation of the issuance of bonds; to pay costs of designing, engineering, and constructing sewer 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. (1st read & referred to Finance 12/16/19; 2nd reading 1/6/20)
  10. ORDINANCE 58-19 – 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 (“City”). (1st read & referred to Finance 12/16/19; 2nd reading 1/6/20)

Dan O’Malley, Chair
FINANCE COMMITTEE

Details

Date:
January 21
Time:
6:00 pm - 7:00 pm
Event Category: