Minutes-08/08/2012

1 = ' .-- CITY OF TIFFIN Minutes Regular City Council Meeting r Wednesday, August 08, 2012 Springmier Library' at CCA Middle School The Tiffin CityCouncil met in regular session on Wednesday; August 8; 2012 at the' Springmier Library it the CCA' Middle School. Mayor..Berner called the meeting to order at 6: 34 p. m. Roll call vote:, Mike Ryan, Chris k Ball, Jim Bartels, Peggy Upton and Travis Weipert. Also present: Engineer Frederick, Attorney Bob Michael and- Public Works-Director Brett Mehmen. . Mayor suggested the council to have the presentations that are listed later in the agenda be moved up.` The Resolution' fo • the Bond ' rid the' Yes for Justice items will move` up to after the public hearing:. Motion made byy' Ball, seconded by. Upton to' approve the agenda' Motion carried unanimously. ` Community/ Citizen Forum Mr. Olivier represented the- homeowners regarding the pond purchase and wanted status. The City, is F having the deeds prepared. t Council person, Upton commented that she received' a complaint regarding fireworks . She She told by 4th a resident that around July some teenagers were shooting off fireworks and they almost hit a little girl.' Once the officerarrived he did- not cite the kids because he did not want to have bad feelings. The complaining family did not agree with the officers assessment and 'wondered why the officer did not properly do" his job. Sherriff Pulkrabek responded that officers are trained to talk to parents and give. verbal warnings in many situations. The officer used. his discretion in that situation and it is not an uncommon response from an officer. Minutes 11th 13y Weipert, seconded by Bartels to approve the minutes from July 16th; Motion made- and July, t' 2012. FAIl ayes. Motioncar"rigid unanimously. j4a i w q Expenditures and Financial Reports Motion made by Weipert, seconded by Upton to approve the financial reports for the month of-August 2012. All ayes. Motion carried unanimously. Public Hearing , Mayor Berner opened the public hearing on General Obligation Corporate Purpose and Refunding Loan Agreement 6:43 p. m. Bartels motioned to open the public hearing, seconded by Ryan. No community input: and no written' comments received:° Mayor closed public` hearing at 6: 44 p. m. Motion L r made by Ryan;` seconded by Upton to close the, public hearing. r Resolution 2012- 37 Approving Bond Purchase Agreement and authorizing the issuance of z. 6, 125, 000 General Obligation Corporate' Purpose and Refunding Bonds, Series 2012A, and providing for the levy oftaxes to, pay the same. Jeff Heil from Northland Securities presented the city- is locking in the interest- rate and loan resolution. He provided a' handout regarding the' breakdown of the $ 6. 1 million and the large savings of$ 101, 737 to the City with the refinancing of the SRF loans. Payments will be under budget from what was originally planned. Jeff also commented that we could not get a bond rating,( with S & P) because of two factors: 1) the,City has not°had an audit done in a while,{,2) the city did notpreviously have any fund accounting for their finances and"the rating company did not feel comfortable with this financial process. Motion by. Weipert, seconded by Ball to