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CITY OF SPECIAL COUNCIL MEETING MARCH 20, 2006 MINUTES Meeting called to order Roll Call: Councilman Henry DeMasis Councilman Harold Miller Councilman Dale Moore Councilman Jerry Miller Councilman David Dalrymple Councilman Frank Veltri Absent Councilman George Kondik City Officials in attendance: Mayor William M. Miller Gary DuFour, City Manager Rod Rosnick, Chief Code Official Butch Mastrantoni, Utilities Director OLD BUSINESS 1. Second Reading of Ordinance Authorizing the Acquisition and Construction of Additions, Betterments and Improvements to the Existing Public Waterworks System of the City of Weirton and the Financing of the Cost, Not Otherwise Provided, Thereof Through the Issuance by City of not More than $3,500,000 in Aggregate Principal Amount of Water Revenue Bonds, Series 2006A (West Virginia DWTRF Program); Providing for the Rights and Remedies of the Security for the Registered Owners of Such Bonds; Authorizing Execution and Delivery of all Documents Relating to the Issuance of Such Bonds, Approving, Ratifying and Confirming a Loan Agreement Relating to Such Bonds; Authorizing the Sale and Providing for the Terms and Provisions of Such Bonds and Adopting Other Provisions Relating Thereto Mayor Miller commented that this would be $3,500,000. It was moved by Councilman J. Miller to accept this Ordinance and second by Councilman DeMasis. The motion was carried with a 6-0 vote. NEW BUSINESS 1. It was moved by Councilman Moore to accept this Resolution and second by Councilman Dalrymple. Councilman Kondik asked if it was correct that the $25,000 was the anticipated carryover. Ms. Means, the Financial Director, said that it would not be carryover. This was the amount that was left. Councilman Moore commented that it was the estimated Ad Valorem tax. Ms. Means explained that Councilman Kondik may be thinking about the Unencumbered Fund Balance which is on the Revenue page, the top item - $1,230,000; this is the estimated carryover. She explained further that when they go the final Ad Valorem numbers and they were put into the budget, there was a surplus. The Ad Valorem came in higher than they anticipated, so that is where the $253,000 was. At the last workshop, Council decided to put it all into Contingencies for right now. The motion has been made and second so the Mayor asked for the vote. Councilman Moore asked for a Roll Call vote, because he thought that the Budget required it. Mayor Miller and Ms. Means didn’t think that it required it. But, Ms. Means, in order to be sure, even thought it does not have to be listed on the resolution, then they should do the roll call. Councilman DeMasis Yes Councilman Harold Miller Yes Councilman Moore Yes Councilman Jerry Miller Yes Councilman David Dalrymple Yes Councilman Veltri Absent Councilman Kondik Yes The motion to accept this Resolution was carried with a 6-0. Prayer Adjournment
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