ࡱ> *,)M \bjbj== "WW\l4444444||||  T V V V V V V $ tz 4z 44  44 8T X 44  &}|   0   H.v"4444FULTON COUNTY COUNCIL SPECIAL MEETING September 10, 2003, 8:00 A.M., E.S.T., in the Assembly Room of the Fulton County Office Building. Meeting Called To Order: Members present were Earl Gaerte, Christopher Sailors, Harry Richter and James Widman; also, Auditor Denise Bonnell. Absent were members David Helt, Judy DeVries and Gary Sriver. President Chris Sailors called this Special Council Meeting to Order, stating this concerns the Hospital Bonds Refinancing. Chris called on Attorney Ted Waggoner for comments. Attorney Waggoner noting the attendance of four County Council Members present stated that notice was posted and County Council Members notified on September 4th of todays meeting; also, published in the paper on September 6th. Attorney Waggoner explained Resolution No. 091003 and noted the similarity to the one of July 14th with four changes; namely, one, the Resolution number, second, the date of todays resolution, third, (Section 4 added) repeal of the resolution passed on July 14th and four the net savings number at the end of the paragraph in Section 1. Attorney Waggoner explained the change in the savings number and that this number of $100,000.00 had been approved by both the County Commissioners and Board of Trustees of Woodlawn Hospital; and, continued to explain the change in the bond market. There were no questions and President Chris Sailors read Resolution No. 091003. Resolution No. 091003 COUNTY COUNCIL OF FULTON COUNTY, INDIANA WHEREAS, the Board of Commissioners of Fulton County, Indiana (County), approved a lease bearing the date of August 10, 1976, between the Fulton County Hospital Association (Association), as lessor, and the County acting by and through its Board of Commissioners and the Board of Trustees of Woodlawn Hospital, as lessee; and WHEREAS, it is in the best interests of the County to direct the Association to take steps necessary to prepare for a refunding which will result in an interest cost savings over the life of the issue and will reduce the annual lease payments due from the County; NOW, THEREFORE, BE IT RESOLVED BY THE COUNTY COUNCIL OF FULTON COUNTY, INDIANA THAT: Section 1. The County Council hereby approves the refunding and directs the Association to work with H.J. Umbaugh & Associates as financial advisor, Ice Miller as bond counsel and City Securities Corporation, hereby approved as the purchaser of the refunding bonds, to effect the refunding in order to accomplish a net savings of at least $100,000.00. Section 2. The form of the Amendment to Lease amending the Lease dated August 10, 1976 is hereby approved. Section 3. The President of the County Council and the Auditor are hereby authorized to execute appropriate documents necessary to accomplish the refunding. Section 4. The resolution 071403 adopted by the County Council is hereby rescinded. Section 5. This resolution shall be effective upon passage. Adopted this10th day of September, 2003, COUNTY COUNCIL OF FULTON COUNTY INDIANA ____________________________ ____________________________ ____________________________ ____________________________ ____________________________ ____________________________ ____________________________ ATTEST: _______________________ County Auditor Chris read Resolution No. 091003. Earl Gaerte made a motion to approve Resolution No. 091003. Jim Widman seconded this motion. Motion passed 4-0. The Council members signed Resolution No. 091003. This concluded the business transacted. Jim Widman made a motion to adjourn. Harry Richter seconded this motion. Motion passed 4-0. FULTON COUNTY COUNCIL ____________________________ ____________________________ ____________________________ ____________________________ Attest: __________________________________ Denise J. Bonnell, Fulton County Auditor &'RT\H*5\ &'WX>   $ % { | L$a$$a$\LMCD)*LMop$a$  Z[vw  /XYZ[\$a$ 1h/ =!"#$% i8@8 NormalCJ_HaJmH sH tH <A@< Default Paragraph Font*>`* Title$a$5\0J`0 Subtitle$a$5\,B`, Body Text$a$\! z z z! 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