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Council Agenda -2- September 26, 2016
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<br />2. FINANCE DEPARTMENT REPORT
<br />A) Recommendations for Issuance of Bonds
<br />i. Consider Resolution No. 16-116, Providing for the Issuance and Sale of
<br />Approximately $1,420,000 General Obligation Water Utility Revenue Bonds,
<br />Series 2016A, Sarah Cotton
<br />Action Taken: Motion by Kusterman, seconded by Manthey, to approve
<br />Resolution No. 16-116 as presented, was adopted
<br />ii. Consider Resolution No. 16-125, Providing for the Issuance and Sale of
<br />Approximately $1,980,000 Taxable General Obligation Improvement
<br />Refunding Bonds, Series 2016B, Sarah Cotton
<br />Action Taken: Motion by Kusterman, seconded by Manthey, to approve
<br />Resolution No. 16-125 as presented, was adopted
<br />iii. Consider Resolution No. 16-126, Providing for the Issuance and Sale of
<br />Approximately $1,600,000 General Obligation Tax Abatement Refunding
<br />Bonds, Series 2016C, Sarah Cotton
<br />Action Taken: Motion by Kusterman, seconded by Manthey, to approve
<br />Resolution No. 16-126 as presented, was adopted
<br />B) Consider Resolution No. 16-119, Adopting the Preliminary 2016 Tax Levy,
<br />Collectible in 2017, Sarah Cotton
<br /> Action Taken: Motion by Manthey, seconded by Maher, to approve
<br />Resolution No. 16-119 as presented, was adopted – Nay, Reinert & Rafferty
<br />C) Consider Resolution No. 16-120, Setting the Date and Time for the Public Hearing
<br />for the Proposed 2017 Operating Budget and 2016 Tax Levy, Collectible in 2017,
<br />Sarah Cotton
<br /> Action Taken: Motion by Maher, seconded by Manthey, to approve
<br />Resolution No. 16-120 as presented, was adopted
<br />D) Consider Resolution No. 16-121, Canceling the 2016/2017 Debt Service Tax Levy
<br />for G.O. Tax Increment Financing Bond, Series 2007A, Sarah Cotton
<br /> Action Taken: Motion by Maher, seconded by Rafferty, to approve
<br />Resolution No. 16-121 as presented, was adopted
<br />E) Consider Resolution No. 16-122, Canceling the 2016/2017 Debt Service Tax Levy
<br />for the G.O. Improvement Bond, Series 2013A, Sarah Cotton
<br /> Action Taken: Motion by Rafferty, seconded by Maher, to approve
<br />Resolution No. 16-122 as presented, was adopted
<br />F) Consider Resolution No. 16-123, Canceling the 2016/2017 Debt Service Tax Levy
<br />for G.O. Bond, Series 2014A, Sarah Cotton
<br /> Action Taken: Motion by Maher, seconded by Manthey, to approve
<br />Resolution No. 16-123 as presented, was adopted
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