The Miami Township Board of Trustees met in special session, Wednesday, January 24,1996 at 8:30 PM in the Miami Township Civic Building. The purpose of the meeting was the presentation for plans and alternatives for financing of the Miami Township Park System and any other business of the Township that may come before the Board.
Chairperson Joe Uecker called the meeting to order, followed by the Pledge of Allegiance. Miami Township Clerk, Eric Ferry called the roll. Those in attendance were, Chairperson Joe Uecker, Co-Chairperson Jean Schmidt and member Ed Humphrey.
Miami Township Administrator, David Duckworth introduced Mr. Jim Watson of McGill Smith Punshon,Inc., the consultant on this project. Mr. Watson prepared preliminary development plans for the park levy revenues (expected to be 3.5 million) over the next five years. Plan "A" calls for borrowing 50 percent of the levy up front with installments over the next 5 years of approximately $300,000.00 for park improvements. Plan "B" calls for borrowing no funds and receiving equal installments of approximately $700,000.00 over the next 5 years. Mr. Duckworth presented each Board member with copies of both plans for review and discussion. Plan "A" calls for approximately $2,000,000.00 in expenditures during the first year and approximately $275,000.00 for each year after in expenditures. Plan "B" calls for approximately $500,000.00 in expenditures during the first year. The expected revenue during the first year is $700,000.00 however, the first $245,000.00 in revenue will go to the General Fund to reimburse for the purchase of the property in 1995. Thereafter there will be approximately $700,000.00 per year in expenditures.
Mr. Uecker asked for Public Comment. Mary Wolff of 1280 Blue Ridge Way commented she felt Plan "A" offers a better benefit to the community.
Mr. Jim Watson of 5754 Oakleaf stated he felt Plan "A" was the best option, offering a bigger bang for the buck.
Jean Schmidt made a motion to authorize the Township Administrator to enter into a contract for the purpose of borrowing money on tax notes for the maximum amount as prescribed by law based on the park levy. Ed Humphrey seconded the motion. Upon roll call, all voted "A".
Jean Schmidt made a motion to go into executive session to review collective bargaining negotiations pursuant to Section 121.(G)(4) of the Ohio Revised Code and to consider the purchase of property for public purposes pursuant to Section 121.22(G)(2) of the Ohio Revised Code. Ed Humphrey seconded the motion. Upon roll call, all voted "AYE".
Ed Humphrey made a motion to come out of executive session. Jean Schmidt seconded the motion. Upon roll call, all voted "AYE".
With not further business to come before the Board, Chairperson Uecker adjourned the meeting at 10:40 PM.
ATTEST___________________________________________________________CLERK
___________________________________________________________CHAIRPERSON