HomeMy Public PortalAbout11/17/1998 specialCity of Greencastle
City Hall
® Four East Walnut Street
Greencastle, Indiana 46135
Pamela S. Jones
Clerk- Treasurer
GREENCASTLE COMMON COUNCIL
SPECIAL SESSION
TUESDAY, NOVEMBER 17,1998 4:00 P.M. FIRE DEPARTMENT
The Greencastle Common Council met in Special Session, Tuesday, November 17, 1998, 4:00
p.m. at the City Fire Department. Mayor Michael called the meeting to order at 4:10 p.m. On the
Roll Call, the following were found to be present: Councilor Roach, Councilor Hammer,
Councilor Baynard and Councilor Masten. Councilor Green was absent. Also present was City
Attorney Trudy Selvia, City Engineer Ron Smith, Tom Pitman - Baker and Daniels Law Firm and
Jim Higgin - London Witte Group - Financial Advisors.
Ordinance 1998 -28, An Ordinance Authorizing the Acquisition, Construction, and Installation by
the City of Greencastle, Indiana, of Certain Improvements and Extensions to the City's Sewage
Works, the Issuance and Sale of Revenue Bonds to Provide Funds for the Payment of the Costs
Thereof, the Issuance and Sale of Bond Anticipation Notes in Anticipation of the Issuance and
Sale of Such Bonds, and the Collection, Segregation and Distribution of the Revenues of Such
® Sewage Works and Other Related Matters, second reading. Tom Pitman, gave a brief overview
statine this Ordinance allows the City to negotiate with local banks for interim financing regarding
the Southside Interceptor and the new Sewage Facility. Closing on the interim financing is
anticipated for mid - December. Jim Higgins - London Witte Group, Financial Advisors for the
Project, stated once the 20 day remonstrance period is over without 40 or more citizens bringing a
Petition stating they disagree with the interim financing, local banks will receive a Request for
Proposal for the interim financing. Mr. Higgins stated the bond ordinance caps interest at 5.5 %,
but sees more of a 44-1/2% interest rate. The funds will be on a draw basis, therefore, no interest
will be accrued until the money is drawn.
Motion to accept Ordinance 1998 -28, second reading, made by Councilor Roach, seconded by
Councilor Hammer. Vote was unanimous.
Ordinance 1998 -27, An Ordinance Amending Section 8 -30 of Greencastle City Code Schedule of
On- Street Reserved Handicapped Parking Spaces, first reading. Leslie Hansen, representing
Mainstreet and Mary Fielding were present for this discussion. Mayor Michael stated this
Ordinance reflects a change on Washington Street, being one space on the south side of
Washington Street immediately east of the intersection of Washington and Jackson Street. Indiana
Street and Washington Street were discussed at the November 10th Council meeting and after
speaking with Mary Fielding, it is obvious that the Washington Street space makes more sense for
those who will be using this space. Councilor Roach questioned the turning radius and questioned
if we would be putting anyone in harms way by placing a handicap space there. City Engineer
Ron Smith stated he has checked out the turning radius and feels confident this will work safely.
® Motion to approve Ordinance 1998 -27, first reading, made by Councilor Roach, seconded by
Councilor Hammer. Vote was unanimous.
• Motion to adjourn made by Councilor Hammer, seconded by Councilor Roach. Vote was
unanimous.
Nancy A. I ael, Mayor
ATTFfaT:
Pamela S. Jones, Cl�rkMeasurer
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