Council meets on Tuesday this week
Merced City Council to discuss bond refinancing, false alarms
A plan to save money on bond payments, a potential false alarm ordinance and Town Hall meeting dates are on the Merced City Council agenda for Jan. 19.
The Council normally meets on the first and third Mondays of the month. Because of the Dr. Martin Luther King Jr. holiday the Council will meet on Tuesday. The regular meeting will be at 7 p.m.in the Council Chambers on the second floor of the Merced Civic Center, 678 W. 18th St.
The Council will consider refunding bonds in Bellevue Ranch East and Bellevue Ranch West that would not exceed $16.5 million. The move would lower bond payments by up to $46,000 a year over the 20 years repayment in Bellevue Ranch East. It would initially lower the repayment of the bonds by about $37,000 a year and then about $18,000 a year over the 21 years of the repayment of the Bellevue Ranch West bonds.
Council will be asked to give staff direction on a potential ordinance regarding false alarms. Council had questions regarding how the ordinance would work and staff will be providing answers at the meeting.
Since 2012 the Council has been holding Town Hall meetings to solicit comments and ideas from the public prior to creating the annual City budget. This year Council decided to add a third Town Hall meeting in the Central area of Merced. Council will be asked to consider dates in late February or early March for the three sessions.
Also on the agenda is a study session with the Youth Council. A closed session will be held following the study session to discuss potential litigation.
City Council meetings are streamed live on the Internet. A link to the live meeting is on the City's home page at www.cityofmerced.org. The City will also add the Council video to YouTube for people that were unable to watch it live. These services are in addition to the live broadcast of the regular meeting on Comcast's Government Channel 96.
The Council agenda is posted online at www.cityofmerced.org and is available outside the chambers prior to the meeting. Request to Speak forms are available at the meeting or can be downloaded from the City's website. Cards must be turned in to the City Clerk in order for a person to be recognized by the Council.