City of Colona City Council met May 28.
Here is the minutes provided by the council:
CALL TO ORDER: 6:30 p.m.
ROLL CALL:
Mayor Lack, Attorney Wright, Aldermen Hillman, Feliksiak, Swemline, Holman, Jones, Clerk Winegar answered present Aldermen Shady-Dahl, King, Tapscott were absent NOTE: Alderman King joined the meeting at 6:31 pm and Alderman Shady-Dahl joined the meeting at 6:55 pm
STAFF PRESENT:
C. Lenth Public Works Director
M. Swemline Police Chief
M. Winters Office Manager
PUBLIC COMMENTS:
> John Vezetti, Vice President of Bernardi Securities gave a presentation to the council on the City's 2013 Water and Sewerage Bonds. The interest rates for these types of bonds, where the City has an AA-, rating has been on a downward trend and he believes the City should refinance these bonds. He presented two hypothetical refunding scenarios for the council. The first, was to refinance at an interest rate of 3.50 percent, with a net savings + rounding of $131,049 over the course of the loan. The next was with an interest rate of 3.70 percent, with a net savings + rounding of $52,432. The City's current interest rate is 4.81 percent. He recommends that if the City decides to pursue refinancing the bonds, we should not do so unless the interest rate is 3.50 percent or lower. If the City does decide to refinance, the process would take 45-60 days to process. Alderman King asked how much the City's cost would be to refinance. Mr. Vezetti replied that it is included in the bond issue but is 30 percent.
MAYOR'S REPORT:
> Alderman Swemline made a motion to approve the Mayoral appointments:
1. Melinda Urban and Chad Johnson to new 3 year terms to the Planning Commission
2. Jack Collis to new 5 year term to the Zoning Board of Appeals
3. Charles Barrett to new 3 year term to the Police Commission
4. Mike King to new 2 year term to the Police Pension Board
Alderman Holman seconded the motion. Roll call: Aldermen Hillman, Feliksiak, Swemline, Holman, Jones, King voted yes. Aldermen Shady-Dahl, Tapscott were absent. Motion passed with 6 affirmative votes, 2 absent.
APPROVAL OF MINUTES:
► Alderman Hillman made a motion to approve the council minutes of May 13, 2019. Alderman Swemline seconded. Roll call: Aldermen Feliksiak, Swemline, Holman, Jones voted yes. Alderman King voted present which goes with the majority vote. Aldermen Shady-Dahl, Tapscott were absent. Motion passed with 5 affirmative votes, 1 present; 2 absent.
CONSENT AGENDA:
Alderman Holman made the motion to approve consent agenda items:
1. Payment of bills for the period May 14-28, 2019
2. Payment of manual bills for the period May 14-28, 2019
3. Payroll for the period May 11-25, 2019
Alderman Feliksiak seconded. Roll call: Aldermen Swemline, Holman, Jones, King, Hillman, Feliksiak voted yes. Aldermen Shady-Dahl, Tapscott were absent. Motion passed with 6 affirmative votes, 2 absent.
COMMITTEE REPORTS:
Finance/Admin Committee: (Alderman Holman, chair; Aldermen Swemline, Holman, members; J. Legare, Treasurer, M. Winters, staff): A copy of these minutes is available at City Hall and on the City's website.
1. Alderman Holman made a motion to close the books on the FY 2018-2019 budget. Alderman Hillman seconded. Roll call: Alderman Holman, Jones, King, Hillman, Feliksiak, Swemline voted yes. Aldermen Shady-Dahl and Tapscott were absent. Motion passed with 6 affirmative votes, 2 absent.
2. Alderman Holman made a motion to approve refinancing of the 2013
Water/Sewerage Bonds at a cost savings for the City and proceed with the preparation of the Ordinance by the special legal counsel. Alderman Swemline seconded the motion. Alderman Feliksiak questioned hidden costs. Mr. Vezetti informed the council that the costs to the City would be around 30 percent and that Benardi Securities would not refinance unless the interest rate was 3.5 percent or lower. Roll call: Aldermen Jones, King, Hillman, Feliksiak, Swemline, Holman voted yes. Aldermen Shady-Dahl, Tapscott were absent. Motion passed with 6 affirmative votes, 2 absent.
Public Safety Committee: (Alderman King, chair; Aldermen Shady-Dahl, Tapscott, members; M. Swemline, L LaMantia, staff): There was no meeting held this month.
CLERKS REPORT:
1. Cheri Powell's last day in the office is May 31, 2019. She has been a great asset to the City in organizing the filing system during the last two years. She will be missed.
2. Stacie Reed has been hired as the new water clerk for the office. She will begin on May 30, 2019.
OLD BUSINESS: None
NEW BUSINESS:
1. Alderman Hillman made a motion to approve liquor license renewal for La Hacienda. Alderman Holman seconded. Roll call: Aldermen King, Hillman, Feliksiak, Holman, Shady-Dahl, Jones, voted yes. Alderman Swemline voted present which goes with the majority vote. Alderman Tapscott was absent. Motion passed with 6 affirmative votes, 1 present, 1 absent.
2. Alderman Holman made a motion to approve a business, liquor, and video gaming license for Vega's II, Big River Gaming, LLC. Alderman Feliksiak seconded. Roll call: Alderman Hillman, Feliksiak, Holman, Shady-Dahl, Jones, King voted yes. Alderman Swemline voted present which goes with the majority vote. Alderman Tapscott was absent. Motion passed with 6 affirmative votes, 1 present, 1 absent.
3. Alderman Holman made a motion to approve a business license for the Brunch House, 1356 Cleveland Road. Alderman Swemline seconded. Roll call: Aldermen Feliksiak, Swemline, Holman, Shady-Dahl, Jones, King, Hillman voted yes. Alderman Tapscott was absent motion passed with 7 affirmative votes, 1 absent.
4. Alderman Holman made a motion to approve Ordinances 0-19-04, 0-19-05, 0-19-06, and 0-19-07, Annexing Certain Territories into the City of Colona, Henry County, Illinois. Common addresses: 118 Briargate Dr, 1165 Melodie Lane, 112 Briargate Dr, and 214 Briargate Dr. Alderman Swemline seconded. Roll call: Aldermen Swemline, Holman, Shady-Dahl, Jones, King, Hillman, Feliksiak voted yes. Alderman Tapscott was absent. Motion passed with 7 affirmative votes, 1 absent.
ADJOURN:
Alderman Swemline made a motion to adjourn. Alderman King seconded. A voice vote of all ayes was received. Meeting adjourned at 7:03.
https://www.colonail.com/vertical/sites/%7BFC142F78-E9D2-49AE-8B50-7910B5B74E0C%7D/uploads/05.28.19_cc_minutes.pdf
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