ORDER-2018-6 : Amending Order 2017-162 to include additional information.

Transcript (~4 min @ 8:17)

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▶ 8:16 Speaker 1: please order number 2018-6 amending order 2017-162 to include additional information

▶ 8:24 Peter D. Mortimer: Mr. President, I request immediate consideration on this order. Alderman Mortimer asks for immediate consideration of order 2018-6. Is there an objection? There is not. Mr. President, I make a motion to suspend the rules that we may hear from the appropriate city personnel regarding this order.

▶ 8:44 Speaker 3: Alderman Mortimer moves to suspend the rules as it relates to that order. Is there a second? Second. Second by Alderman Lemmerman. Discussion on the motion? All those in favor? aye anyone opposed motion passes the rules are suspended mr flavin would you like to come forward to address the board on this issue good evening everyone evening as i explained in the letter there was an error of a mission when we passed this bond we didn't put the debt schedules into the order as we normally do and now that we went in front of the bond council and trying to execute the loan they require that these things be part of the order so i ask that you you now have the information reopen the order and then revote it and then that will be acceptable to them we have we're kind of under a gun we're supposed to close in 22 days any action like this has a 21-day shelf life so where we can't do anything anyway so i apologize for that timing but that's not it's not something we did it's something then the mwpat is that's what their

▶ 9:55 Peter D. Mortimer: guidelines are for their borrowing alderman mortimer mr president i make a motion that we make the appropriate amendments on this order as contained in the jacket alderman mortimer moves to

▶ 10:09 Peter D. Mortimer: amend the order second motion is seconded by alderman medeiros is the discussion on the motion to amend alderman mortimer than alderman medeiros thank you very much mr president uh this This is a housekeeping measure.

▶ 10:27 Peter D. Mortimer: It's just anomalous to coupon bond that the proper paperwork wasn't included to show each of the payments as they're made. It's very simple as we've all seen in the jacket and I think we should just pass it quickly. Thank you, Mr. President. Alderman Medeiros.

▶ 10:41 Monica C. Medeiros: Thank you. Thank you very much. Mr. Flavin, has the money already begun to be spent on this or? Yes. Outside, yes.

▶ 10:52 Mary Beth McAteer-Margolis: you alvin MacMaster margolis thank you um thank you for bringing this to us mr flavin the um the schedule um that's included now was not included previously is that right correct either one so it does indicate um an interest rate of four percent since you're getting a little closer to going to bond do you know if you're going to get a better rate than that these are always estimates they're

▶ 11:09 Speaker 3: always conservative i can't i don't have the silver ball i mean the crystal ball right um we we generally use that number yeah so great thank you very much thank you mr president

▶ 11:26 Speaker 3: the order has been amended is there is there a further motion motion for passage as amended mr president second the motion alderman mortimer moves to pass the order as amended motion is seconded by alderman forbes ms archer could you call the role please alderman brazel alderman

▶ 11:38 Speaker 4: forbes yes yes alderman inferno yes yes alderman lemmerman yes yes alderman mcintyre yes yes all the medeiros yes yes all of them in mortimer yes yes all the way between matosi yes yes alderman Zwirko yes he is president Conn yes yes nine years that order passes

▶ 11:59 Speaker 3: thank you for your consideration and time thank you for coming down mr flavin

▶ 12:10 Speaker 1: order number 2018-7 acceptance of the emd fiscal year 2018 training grant and the amount of 86 three hundred eighty dollars and twenty three cents from the commonwealth of massachusetts executive office of public safety fund number four zero zero six that order will be referred