FINANCE COMMITTEE OF COUNCIL

CITY HALL, 100 LOCKVILLE ROAD

WEDNESDAY, OCTOBER 14, 2009

SPECIAL MEETING

6:00 P.M.

1. ROLL CALL. Mr. Fix called the meeting to order at 6:00 P.M., with roll call as follows: Mr. Sabatino, Mrs. Hammond, Mr. Smith, Mr. Fix, Mr. Sauer, Mrs. Sanders, and Mr. Wisniewski were present. No members were absent. Others present were Tim Hansley, Lynda Yartin, Chris Schornack, Ed Drobina, Greg Bachman, Gavin Blair, and others.

2. SCHEDULED MATTERS:

A. Review and request for motion to approve draft ordinances to authorize the issuance of (1) not to exceed $130,000 Building Improvement Bond Anticipation Notes, Fifth (2010) Renewal, (2) not to exceed $1,200,000 Sanitary Sewer System Improvement Bond Anticipation Notes, Fifth Series, Fourth (2010) Renewal, (3) not to exceed $1,900,000 Street Improvement Bond Anticipation Notes, Twelfth Series, Sixth (2010) Renewal, (4) not to exceed $3,900,000 Water System Improvement Bond Anticipation Notes, Third Series, (5) not to exceed $200,000 Police Building Bond Anticipation Notes, Eleventh (2010) Renewal, (6) not to exceed $235,000 Traffic Signal Bond Anticipation Notes, Fourth (2010) Renewal, (7) not to exceed $350,000 Real Estate Acquisition Bond Anticipation Notes, Fourth (2010) Renewal, (8) not to exceed $500,000 Sanitary Sewer System Improvement Bond Anticipation Notes, Sixth Series, Third (2010) Renewal, (9) not to exceed $270,000 Street Improvement Bond Anticipation Notes, Thirteenth Series, Second (2010) Renewal, and (10) not to exceed $389,000 Storm Drainage Improvements Bond Anticipation Notes, First (2010) Renewal, as a consolidated Various Purpose Note issue for sale purposes. Mr. Fix stated these note renewals were discussed at the last Finance Committee meeting and the Committee members have received draft ordinances for review. Mr. Sabatino clarified these were note renewals, with the final ordinance authorizing the consolidation of ten note issues. Mr. Sauer moved to approve and forward the ordinances to Council; Mrs. Sanders seconded the motion. Roll call was taken with Mr. Sauer, Mr. Fix, Mrs. Sanders, Mrs. Hammond, Mr. Smith, Mr. Wisniewski, and Mr. Sabatino voting “Yea.” Motion passed, 7-0.

3. ADJOURNMENT. There being nothing further, Mr. Sabatino moved to adjourn; Mr. Sauer seconded the motion. Mrs. Sanders, Mr. Sauer, Mrs. Hammond, Mr. Wisniewski, Mr. Sabatino, Mr. Fix, and Mr. Smith voted "Aye." Motion carried, 7-0. The Finance Committee Special Meeting adjourned at 6:05 P.M., October 14, 2009.

RESPECTFULLY SUBMITTED:

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Lynda D. Yartin, Municipal Clerk