CITY HALL,
TUESDAY,
JUNE 15, 2010
SPECIAL
MEETING
7:20
P.M.
1. ROLL
CALL. Mrs. Sanders called the meeting to
order at 7:20 P.M., with roll call as follows: Mr. Blair, Mrs. Hammond, Mr.
Barletta, Mr. Sauer, Mrs. Sanders, and Mr. Wisniewski were present. Mr. Fix was absent. Others present were Chief
2. SCHEDULED MATTERS:
A. Review
and request for motion to approve draft ordinances providing for the issuance
of not to exceed $87,500 of revenue notes by the City of Pickerington, Ohio,
for the purpose of renewing revenue notes previously issued for the purpose of
paying part of the cost of constructing street and traffic signal improvements
in the State Route 256/Stonecreek Drive area; not to exceed $25,000 of revenue
notes previously issued for the purpose of paying part of the cost of
constructing street improvements in the Cycle Way area; not to exceed $371,000
of revenue notes previously issued for the purpose of paying part of the cost
of constructing (I) street improvements on Hill Road and Blacklick-Eastern
Road, including widening streets, constructing sidewalks, curbs and gutters and
installing traffic control devices, and (II) street improvements known as the
Hill Road Connector, including constructing streets, sidewalks, curbs and
gutters; and not to exceed $1,775,000 of revenue notes previously issued for
the purpose of paying part of the cost of constructing street improvements in
the Windmiller/Diley areas, including constructing
widening and turn lane improvements for State Route 256 to establish an exit
point for the realignment of Diley Road. Mrs. Sanders stated there were various note
renewals that are due in September. Mr.
Schornack stated these are our annual note renewals for our TIF projects, and
you have before you the four note issues we will be renewing with possibly
Fairfield National Bank. He stated they
have given us a preliminary estimate on the interest rate of 3.03 percent for
2011 and we are currently at 3.21 percent, so it will go down just a bit. He stated after this next year we should have
the Cycle Way notes paid off. Mr.
Schornack stated he would answer any questions anyone might have. Mr.
Wisniewski moved to approve and forward to
3. ADJOURNMENT. There being nothing further, Mrs. Sanders moved to adjourn; Mr. Sauer seconded the motion. Mr. Sauer, Mrs. Sanders, Mrs. Hammond, Mr. Barletta, Mr. Wisniewski, and Mr. Blair voted "Aye." Motion carried, 6-0. The Special Finance Committee adjourned at 7:24 P.M., June 16, 2010.
RESPECTFULLY SUBMITTED:
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