The Aberdeen City Council will hold a public hearing Monday night regarding a proposed ordinance allowing the city to refund up to $10 million in debt – largely accrued during the construction of City Hall and the Ripken Stadium complex.
The ordinance would “authorize and empower the city of Aberdeen, to borrow, upon its full faith and credit, and to issue and sell its bonds or other form of indebtedness therefore, in the aggregate principal amount not to exceed ten million dollars ($10,000,000) to be designated as “city of aberdeen refunding bonds, series 2011” (the “refunding bonds”), the proceeds thereof to be used for the purpose of refunding” the following bonds:
1. Infrastructure Bond, 2000 Series A – construction of City Hall
2. The Ripken Complex Infrastructure Bonds, 2001 Series A construction of The Ripken Stadium and associated public water, waste water, road and parking facilities.
3. The Ripken Complex Infrastructure Bonds, 2001 Taxable Series A – purchase of land upon which to construct The Ripken Stadium and Ripken Youth Baseball Academy
4. Infrastructure Bond, 2002 Series B-1 – completion of infrastructure at Ripken Stadium
5. Infrastructure Bond, 2002 Series B-2 – construction of maintenance shop for the Department of Public Works
Also on the agenda during Monday night’s city council meeting are the introduction and possible adoption of resolutions regarding the Ben Carson Scholars Fund, Sustainable Community Zone, and Harford Family House Project. The city council will also introduce a trio of ordinances concerning the city’s Public Ethics Ordinance, Ripken Stadium Management Board, and the Swim Center Advisory Committee.
The meeting begins at 7 p.m. in Aberdeen City Hall.
The full agenda is listed below:
CITY OF ABERDEEN COUNCIL AGENDA
Monday, August 22, 2011, 7:00 p.m.
Call to Order – Roll Call
Opening Prayer – Chaplain Major Steven Simpson, Aberdeen Proving Ground
Pledge of Allegiance – Councilwoman Young
Approval of Minutes: Council Meeting, August 8, 2011
Statement of Closed Session, August 8, 2011
Daughters of the American Revolution, 9/11 Flag
PUBLIC COMMENT: No more than five (5) minutes shall be given to any individual speaking unless the Council determines otherwise.
Resolution No. 11-R-06, Ben Carson Scholars Fund (For Introduction and Adoption)
Resolution No. 11-R-07, Sustainable Community Zone (For Introduction and Adoption)
Resolution No. 11-R-08, Harford Family House Project (For Introduction and Adoption)
Ord. No. 11-O-02, Public Ethics Ordinance (For Introduction)
Ord. No. 11-O-08, Repeal of Ch. 134, Ripken Stadium Mgmt. Board (For Introduction)
Ord. No. 11-O-09, Repeal of Ch. 147, Swim Center Advisory Committee (For Introduction)
BUSINESS OF THE CITY:
Business from Director of Planning & Community Development
Business from Chief of Police
Business from Director of Finance
Business from Director of Public Works
Business from City Manager
BUSINESS OF COUNCIL:
Business from the City Council
Business from the Mayor
Next Council Meeting: Monday, September 12, 2011 at 7:00 p.m.