City Council

April 9, 2018 STATE OF ALABAMA, LIMESTONE COUNTY, CITY OF ATHENS. The City Council of the City of Athens, Alabama met in regular session at the Athens Municipal Building, 200 Hobbs Street West in the said City on April 9, 2018, at 5:30 p.m. The meeting was called to order by Councilman Chris Seibert, President of the Council. Upon roll call, the following were found to be present: Councilmembers Frank Travis, Wayne Harper, Harold Wales, Joseph Cannon and Chris Seibert. Mayor Marks lead the Pledge of Allegiance. Annette Barnes, City Clerk, was present and recorded the minutes of the meeting. Chris Seibert offered the invocation. The Chairperson stated that a quorum was present and that the meeting was open for transaction of business. The Chairperson stated that the Minutes of the March 26, 2018 City Council Meeting had been submitted for approval. Councilman Travis moved that the reading of the Minutes be suspended and that the Minutes be approved as recorded. The motion was seconded by Councilman Wales and was unanimously carried. The Chairperson stated that the Minutes of the March 26, 2018 City Council Work Session Meeting had been submitted for approval. Councilman Travis moved that the reading of the Minutes be suspended and that the Minutes be approved as recorded. The motion was seconded by Councilman Wales and was unanimously carried. Mayor Marks presented a proclamation declaring April as Donate Life Month, to honor all who have given the gift of life. Mayor Marks also presented a proclamation declaring April as Fair Housing Month, in recognition of the importance of fair housing to our way of life. A public hearing was held to hear comments concerning the proposed zoning approval for the sale of alcohol by Terranova’s Italian Restaurant. No one spoke in favor of or against. The public hearing was closed A public hearing was held to hear comments concerning the proposed zoning approval for the sale of alcohol by Save A Lot, LTD. Store 595. No one spoke in favor of or against. The public hearing was closed. A public hearing was held to determine if a structure at 817 Westmoreland Avenue is unsafe and a public nuisance, and ordering abatement of same. The City Council had information presented by Bert Bradford concerning the nature of the unsafe structure and the reasons why he recommended that it be demolished, including photographs of the structure. No member of the public appeared before the City Council to speak in favor of or against. The public hearing was closed. Councilman Harper introduced the following resolution, which was seconded by Councilman Wales: RESOLUTION NO. _____________ A RESOLUTION DETERMINING THAT A STRUCTURE AT 817 WESTMORELAND AVENUE IS UNSAFE AND A PUBLIC NUISANCE, AND  ORDERING ABATEMENT OF SAME WHEREAS, this Resolution is authorized by § 46-280, et seq. of Article IX of Chapter 46 of the City Code of Athens, Alabama, and/or § 11-40-30, et seq. of the Code of Alabama, in addition to other legal authority; WHEREAS, the appropriate municipal official has presented information to the City Council about a structure and/or building (herein referred to as the “Structure”) located at the real property described as follows: Address: 817 Westmoreland Avenue, Athens, Alabama PARCEL # 10-03-08-2-002-032.000 Legal Description The following land lying and being in Limestone County, Alabama, and more particularly described as follows: Lot 14 of Block 1 of the West View Addition to the City of Athens according to the 1914 Map thereof recorded in the Probate Office of Limestone County, Alabama. (herein referred to as the “Property). WHEREAS, the appropriate municipal official has determined that the condition of the Structure is unsafe in that the Structure constitutes a public nuisance to the citizens of Athens; WHEREAS, at this regular meeting, the City Council has conducted a public hearing concerning this matter, and has received and reviewed information (including applicable photographs) from the appropriate municipal official concerning the Property and Structure; WHEREAS, the Structure has been deemed unsafe to the extent that it is a public nuisance due to the following reasons: (1) The interior walls or other vertical structure members list, lean, or buckle to such an extent that a plumb line passing through the center of gravity falls outside of the middle third of its base; (2) Exclusive of the foundation, the building shows thirty-three (33) percent, or more, of damage or deterioration of one (1) or more supporting members, or fifty (50) percent of damage or deterioration of the non- supporting enclosing or outside walls or covering; (3) The building has improperly distributed loads upon the floors or roofs, or in which the same are overloaded, or has insufficient strength to be reasonably safe for the purpose used; (4) The building has been damaged by fire, wind, earthquake, flood, sinkhole, deterioration, neglect, abandonment, vandalism, or any other cause so as to have become dangerous to life, health, property, morals, safety, or general welfare of the public or the occupants; (5) The building has become or is so damaged, dilapidated, decayed, unsafe, unsanitary, lacking in maintenance, vermin or rat infested, containing filth or contamination, lacking proper ventilation, lacking sufficient illumination, or so utterly fails to provide the amenities essential to decent living that it is unfit for human habitation, or is likely to cause sickness or disease, so as to work injury to the life, health, property, morals, safety, or general welfare of the public or the occupants;  (6) The building has light, air, heating, cooling, and sanitation facilities which are inadequate to protect the life, health, property, morals, safety, or general welfare of the public or the occupants; (7) The building has inadequate facilities for egress in case of fire or panic, or has insufficient stairways, elevators, fire escapes, or other means of ingress and egress to and from said building; (8) The building does not provide minimum safeguards to protect or warn occupants in the event of fire; (9) The building contains unsafe equipment, including any boiler, heating equipment, elevator, moving stairway, electrical wiring or device, flammable liquid containers, or other equipment on the premises or within the structure which is in such disrepair or condition that such equipment is a hazard to the life, health, property, morals, safety, or general welfare of the public or the occupants; (10) The building is so damaged, decayed, dilapidated, structurally unsafe, or of such fault construction or unstable foundation that partial or complete collapse is possible; (11) The building has parts thereof which are so attached that they may fall and damage property or injure the public or the occupants; (12) The building, or any portion thereof, is clearly unsafe for its use or occupancy; (13) The building is neglected, damaged, dilapidated, unsecured, or abandoned so as to become an attractive nuisance to children who might play in or on the building, structure, part of building or structure, party wall, or foundation to their danger, has become a harbor for vagrants, criminals, or immoral persons, or enables persons to resort to the building, structure, part of building or structure, party wall, or foundation for committing a nuisance or an unlawful act; and (14) The building is, because of its condition, unsafe, unsanitary, or dangerous to the life, health, property, morals, safety, or general welfare of the public or the occupants. WHEREAS, after the finding by the appropriate municipal official that the Structure was unsafe to the extent that it is a public nuisance, notice was issued pursuant to § 46-280, et seq. of Article IX of Chapter 46 of the City Code of Athens, Alabama to persons who may have an interest in the Property, and such notice was issued more than fifty (50) days prior to the date of this Resolution; WHEREAS, it appears that no person has remedied the conditions on the Property; and WHEREAS, after due deliberation and an examination of the conditions on the Property, it appears to the City Council that the Structure is unsafe in that it presents a public nuisance to the citizens of Athens, and that the same is due to be demolished. THEREFORE BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF ATHENS, ALABAMA on April 9, 2018 at _____ p.m., as follows: 1. The Structure shall be demolished by the City of Athens.  2. The appropriate municipal official shall make a report to the City Council of the costs associated with the demolition of the Structure so that it may adopt a resolution fixing all costs reasonably incurred in the demolition and assessing such costs against the Property. 3. This work may be performed by City’s own forces, or, if the appropriate municipal official investigates and determines it to be preferable that the work occur through the use of third parties, then the Athens Public Works Department may enter into such contract upon council approval. The City may sell or otherwise dispose of salvaged materials resulting from the work, at the election of the Mayor and/or his designee. ADOPTED this the _____ day of April, 2018. ___________________________________________ CHRIS SEIBERT, CITY COUNCIL PRESIDENT CERTIFICATION OF CITY CLERK STATE OF ALABAMA ) LIMESTONE COUNTY ) I, Annette Barnes, City Clerk of the City of Athens, Alabama, do hereby certify that the above and foregoing is a true and correct copy of a Resolution duly adopted by the City Council of the City of Athens, Alabama, on the ____ day of _______, 2018. Witness my hand and seal of office this ___ day of __________________, 2018. ____________________________________ Annette Barnes, City Clerk Prior to the vote, Councilman Travis made a motion to table the resolution, which was then seconded by Councilman Cannon. Councilman Travis’ motion to table was carried unanimously. Ronald Burns, 14811 Creek Lane, Athens, addressed the Council concerning sewer charges. He expressed his concern that a class of people are being overcharged because sewer charges are tied to water usage. He requested the Council consider alternative methods of assessing sewer charges. Jeff Taylor, Barbara Street, Athens, addressed the Council regarding the ongoing drainage issue on Barbara Street. Scott Marshall, 23349 Piney Creek Drive, Athens, addressed the Council concerning the location of the proposed Athens Recreation Center. He expressed concern over the safety of children crossing from the west side of Highway 31 to access the recreation center. He suggested that the Council consider acquiring property on the west side of Highway 31 on which to construct the facility. He also urged the Council to consider restoring the brick around the Courthouse Square instead of traditional paving. Councilman Cannon introduced the following resolution: RESOLUTION BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF ATHENS, ALABAMA, to approve the following travel/education expenses for the Utilities Finance Department: TVPPA Communicating Effectively with Utility Customers Nashville, TN  March 27-28, 2018 $383.91 The motion was seconded by Councilman Travis and was unanimously carried. Councilman Cannon introduced the following resolution: RESOLUTION BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF ATHENS, ALABAMA, to approve the travel expenses for the following Electric Department personnel: Kelvin Snyder $63.46 SEL-Automation Controller-Franklin, TN Rhett Murphy $25.67 2018 ISA Southern Chapter Annual Conference-Memphis, TN The motion was seconded by Councilman Travis and was unanimously carried. Councilman Cannon introduced the following resolution: RESOLUTION BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF ATHENS, ALABAMA, to approve travel expenses for the following personnel: Chris Seibert Rating Agency Meetings $ 281.80 New York, NY February 27 – March 1, 2018 The motion was seconded by Councilman Travis and was unanimously carried. Councilman Cannon introduced the following resolution: RESOLUTION NUMBER 2018-1565 A RESOLUTION VACATING CERTAIN PUBLIC WAYS THAT ARE SHOWN ON THE PLAT MAP OF THE COLLEGE VIEW ADDITION TO ATHENS, ALABAMA, BUT ARE NOT PRESENTLY USED BY THE PUBLIC _______________________________________________ WHEREAS, this resolution relates to the following public ways: (i) All that part of Hightower Avenue lying north of the northern boundary of Lot 10 of Block D and the northern boundary of Lot 9 of Block E, as shown on the Plat map of the College View Addition to Athens, Alabama, set forth in Plat Book A, Page 40 in the Office of the Judge of Probate of Limestone County, Alabama; (ii) Carroll Avenue, as shown on the Plat map of the College View Addition to Athens, Alabama, set forth in Plat Book A, Page 40 in the Office of the Judge of Probate of Limestone County, Alabama; (iii) Gilbert Street, as shown on the Plat map of the College View Addition to Athens, Alabama, set forth in Plat Book A, Page 40 in the Office of the Judge of Probate of Limestone County, Alabama;  (iv) an unnamed alleyway running easterly and westerly between Carroll Avenue and Hightower Street, as shown on the Plat map of the College View Addition to Athens, Alabama, set forth in Plat Book A, Page 40 in the Office of the Judge of Probate of Limestone County, Alabama; and (v) any portion of that certain unnamed alley running northerly and southerly on the easternmost edge of Block C and Block E, but only to the extent that the same is not located within the public right of way of Sussex Drive, as shown on the Plat map of the College View Addition to Athens, Alabama, set forth in Plat Book A, Page 40 in the Office of the Judge of Probate of Limestone County, Alabama. (herein referred to as the “Public Ways”); WHEREAS, although the Public Ways are shown as streets and avenues on the map of the College View Addition to Athens, Alabama, set forth in Plat Book A, Page 40 in the Office of the Judge of Probate of Limestone County, Alabama, none of them are improved roadways that are presently being used by the public; WHEREAS, all of these Public Ways are located on the real property recently purchased by the City of Athens from Pilgrim’s Pride Corporation, Inc. or located in the immediate vicinity; WHEREAS, some or all of these Public Ways may have been previously vacated, since none of them are open to the public for travel, but the City has been unable to locate any records demonstrating such a vacation, and so the City intends to take up this matter for the sake of certainty; WHEREAS, the City proposes to vacate the Public Ways pursuant to § 23-4-1, et seq. of the Code of Alabama, and has published, posted, and served notice of the same as required by § 23-4-2 of the Code of Alabama; WHEREAS, the City Council held a public hearing concerning this matter at its regular meeting on March 26, 2018; WHEREAS, the City Council has determined that it is in the interest of the public that the Public Ways should be vacated; WHEREAS, the following persons or entities (and/or their successors, heirs, and assigns) are the owners of all lots or parcels of land that abut the Public Ways: City of Athens, Alabama Lindsey Smith Linnie Adams Mrs. Lewis P. Hardison (a/k/a Essie Orr Hardison) Thomas Hardison Carolyn Tidovsky Beverly Luc Milton H. Legg The Estate of Betty E. Legg Elizabeth Ford Legg  William Anderson Legg Milton Henderson Legg Athens State University WHEREAS, the following persons or entities may have an interest in one or more of the lots or parcels of land that abut the Public Ways: Huntsville Emergency Physicians Group Capital One Auto Finance Capital One Bank Listerhill Credit Union WHEREAS, the vacation of the Public Ways will not cause any person to be cut off from access over some other reasonable and convenient way; WHEREAS, Athens Utilities may maintain water, sewer, gas, and/or electrical lines within the Public Ways, but the vacation of the Public Ways, as explained herein, will not prevent Athens Utilities from accessing, maintaining, extending, and enlarging those lines to the same extent as if such vacation had not occurred; and WHEREAS, the vacation of the Public Ways will not deprive other property owners of any right they may have to convenient and reasonable means of egress and ingress to and from their property. THEREFORE BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF ATHENS, ALABAMA while in regular session on April 9, 2018 at 5:30 p.m., as follows: 1. The Public Ways are hereby vacated upon the City Clerk’s filing of this Resolution with the Probate Court of Limestone County, and the City Council does thereupon divest itself of all public rights and liabilities therein in accordance with § 23-4-2(b) of the Code of Alabama. 2. The City Clerk shall cause a copy of this Resolution to be filed with the Probate Court of Limestone County. Such filing shall operate as a declaration of the governing body’s vacation and shall divest all public rights and liabilities, including any rights which may have been acquired by prescription, in the Public Ways. 3. Title and all public rights in the Public Way shall vest in the abutting owners. 4. However, notwithstanding anything herein to the contrary, entities (such as the City by and through Athens Utilities) with utility lines, equipment, or facilities in place at the time of vacation, shall have the right to continue to access, maintain, extend, and enlarge their lines, equipment, and facilities to the same extent as if the vacation of the Public Ways had not occurred. Moreover, such entities may continue to move across and along the vacated area to reach their lines, equipment, and facilities for the above purposes as if the vacation had not occurred.  5. The City Clerk shall cause notice of this action to be published once in the Athens News Courier no later than 14 days after the adoption of this Resolution. ADOPTED and APPROVED this, the 9TH day of April, 2018. /s/ Chris Seibert PRESIDENT, CITY COUNCIL, CITY OF ATHENS, ALABAMA CERTIFICATION OF CITY CLERK STATE OF ALABAMA ) LIMESTONE COUNTY ) I, Annette Barnes, City Clerk of the City of Athens, Alabama, do hereby certify that the above and foregoing is a true and correct copy of a Resolution duly adopted by the City Council of the City of Athens, Alabama, on the 9th day of April, 2018. Witness my hand and seal of office this ___ day of __________________, 2018. ____________________________________ Annette Barnes, City Clerk The motion was seconded by Councilman Travis. Prior to the vote, Councilman Seibert noted that the City Attorney had spoken with Linnie Adams, who had previously appeared before the City Council to oppose the vacation of Carroll Avenue, and that Ms. Adams had withdrawn that opposition. Councilman Seibert called for a vote, and the proposed resolution was unanimously carried. Councilman Wales introduced the following resolution: RESOLUTION BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF ATHENS, ALABAMA, to authorize paving the following list of streets as part of the 2018 Paving Program. The project shall be funded from the capital projects fund. This project task order is issued under the 2017 Bituminous Paving Contract. Ridgelawn Drive Arbor Drive and connecting streets (Vineyard 1 neighborhood) Monterrey Drive and connecting streets (Vineyard 1 neighborhood) Diamond Point Drive and connecting streets (Diamond Point neighborhood) Piney Creek Drive from Longview Drive to Medinah Lane Winged Foot from Shinnecock Hills Drive to Piney Creek Dive Lucas Street Whitson Street Rodgers Street Townsend Street 14th Street Sandifer Street Batts Street Old Decatur Road from Brookhill Drive to East Sanderfer Road Kingswood Drive Gordon Drive Buchanan Street Christopher Drive Florence Drive Pinedale Street Virginia Drive Lisa Lane Stephens Avenue Redbud Street 50% Wastewater Woodbury Street 50% Wastewater Madison Street (from 5th ave to 9th ave) Houston Street (from 5th ave to Elm Street) 7th Ave (from Jefferson Street to North Malone Street unimproved right of way) 8th Ave (from Jefferson Street to North Malone Street) 9th Ave (from Jefferson Street to North Malone Street) 10th Ave (from Jefferson Street to North Malone Street) Bryan Street (from Houston Street to CSX rail line) The motion was seconded by Councilman Cannon and was unanimously carried. Councilman Harper introduced the following resolution: RESOLUTION NUMBER 2018-1566 BE IT RESOLVED, BY THE CITY COUNCIL OF THE CITY OF ATHENS, ALABAMA, AS FOLLOWS: I. THAT THE CITY AUTHORIZES THE TOP OF ALABAMA REGIONAL COUNCIL OF LOCAL GOVERNMENTS (TARCOG) TO APPLY FOR ALABAMA DEPARTMENT OF TRANSPORTATION “TRANSPORTATION ALTERNATIVE PROGRAM FUNDING” (TAP) FROM THE FEDERAL HIGHWAY ADMINISTRATION IN THE AMOUNT OF ($640,000.00) 80% TOTAL PROJECT COSTS; AND II. THIS FUNDING, IF AWARDED, WILL BE USED FOR THE ELM STREET/ALABAMA HIGHWAY 99 SIDEWALKS/PEDESTRIAN BRIDGE PROJECT; AND III. IF (TAP) FUNDING IS AWARDED, THE CITY AGREES TO PAY REQUIRED EXPENSES, INCLUDING BUT NOT LIMITED TO, ($160,000.00) 20% MATCHING FUNDS; AND IV. THAT THE (TAP) APPLICATION BE EXECUTED IN THE NAME OF THE CITY OF ATHENS, BY ITS MAYOR, FOR AND ON ITS BEHALF; AND V. THAT THE AGREEMENT BE ATTESTED BY THE CITY CLERK AND THE SEAL OF THE CITY OF ATHENS AFFIXED THERETO; NOW THEREFORE BE IT RESOLVED, THAT UPON THE COMPLETION OF THE EXECUTION OF THE AGREEMENT BY ALL PARTIES, THAT A COPY OF THE AGREEMENT BE KEPT ON FILE BY THE CITY CLERK. ADOPTED and APPROVED this, the 9TH day of April, 2018. /s/ William R. Marks MAYOR, CITY OF ATHENS, ALABAMA ATTEST: I, Annette Barnes, City Clerk of the City of Athens, Alabama, do hereby certify that the above and foregoing is a true and correct copy of a Resolution duly adopted by the City Council of the City of Athens, Alabama, on the 9th day of April, 2018. Witness my hand and seal of office this_______ day of ________, 2018. ___________________________________________ Annette Barnes, City Clerk The motion was seconded by Councilman Cannon and was unanimously carried. Councilman Cannon introduced the following resolution: RESOLUTION BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF ATHENS, ALABAMA to reschedule the May 28, 2018 regularly scheduled Council meeting to May 29, 2018 at the same time and location. The motion was seconded by Councilman Wales and was unanimously carried. Councilman Travis introduced the following ordinance: ORDINANCE NUMBER 2018-2044 AN ORDINANCE OF THE CITY OF ATHENS, ALABAMA, TO EXEMPT CERTAIN “COVERED ITEMS” FROM THE MUNICIPAL SALES AND USE TAX DURING THE THIRD FULL WEEKEND OF JULY, 2018, AS AUTHORIZED BY ACT 2006-574 AND AMENDED BY ACT 2017-120, GENERALLY REFERRED TO AS THE STATE SALES TAX HOLIDAY LEGISLATION. BE IT ORDAINED BY THE CITY COUNCIL OF ATHENS, ALABAMA, AS FOLLOWS: Section 1. In conformity with the provisions Act 2006-574 enacted by the Alabama Legislature during the 2006 Regular Session, providing for a State Sales Tax Holiday, and amended during the 2017 Regular Session by Act 2017-120, the City of Athens, Alabama, exempts “covered items” from municipal sales and use tax during the same period, beginning at 12:01 a.m. on the third Friday in July 2018 (July 20, 2018) and ending at twelve midnight the following Sunday (July 22, 2018). Section 2. This ordinance shall be subject to all terms, conditions, definitions, time periods, and rules as provided by Act 2006-574 and amended by Act 2017-120, except that the time period shall only be as specified in Section 1 above and not for all years thereafter. Section 3. The City Clerk is hereby authorized and directed to certify a copy of this ordinance under the seal of the City of Athens, Alabama, and to forward said certified copy to the Alabama Department of Revenue to be recorded and posted on the Department website. Section 4. This ordinance shall become effective on April 9, 2018. ADOPTED and APPROVED this, the 9TH day of April, 2018. /s/ Chris Seibert PRESIDENT, CITY COUNCIL, CITY OF ATHENS, ALABAMA /s/ William R. Marks MAYOR, CITY OF ATHENS, ALABAMA ATTEST: /s/ Annette Barnes CITY CLERK, CITY OF ATHENS, ALABAMA STATE OF ALABAMA COUNTY OF LIMESTONE I, Annette Barnes, City Clerk of the City of Athens, Alabama, do hereby certify that this is a true and correct copy of Ordinance Number 2018-2044 adopted by the City Council of the City of Athens, Alabama, on the 9th day of April 2018. Witness my hand and seal of this office this the 9th day of April 2018. Annette Barnes, City Clerk City of Athens, AL Councilmember Wales moved that unanimous consent be given for immediate consideration of and action on said ordinance, which motion was seconded by Councilmember Cannon, and upon the said motion being put to vote the following vote was recorded: YEAS: Councilmembers Seibert, Wales, Travis, Cannon and Harper; NAYS: None. The President thereupon declared that the motion for unanimous consent for immediate consideration of and action on the said ordinance had been unanimously carried. Councilmember Travis thereupon moved that the ordinance be finally adopted, which motion was seconded by Councilmember Harper and upon the said motion being put to vote the following vote was recorded: YEAS: Councilmembers Seibert, Wales, Travis, Cannon and Harper; NAYS: None. The President thereupon announced that the motion for the adoption of the said ordinance had been unanimously carried. Councilman Wales introduced the following ordinance: ORDINANCE NUMBER 2018-2045 AN ORDINANCE TO PROVIDE FOR THE ISSUANCE OF $19,745,000 PRINCIPAL AMOUNT OF GENERAL OBLIGATION WARRANTS OF THE CITY OF ATHENS, ALABAMA BE IT ORDAINED by the City Council of the City of Athens in the State of Alabama as follows: Section 1. Definitions and Use of Phrases. (a) Definitions. The following words and phrases and others evidently intended as the equivalent thereof shall, in the absence of clear implication herein otherwise, be given the following respective interpretations as used herein: "Authorized Denominations" means the sum of $5,000 or any integral multiple thereof. "Bank" means Regions Bank, Birmingham, Alabama, in its capacity as registrar, transfer agent and paying agent with respect to the Warrants. "Callable Warrants" means those of the Warrants having stated maturities in 2028 and thereafter.  "City" means the municipal corporation of Athens in the State of Alabama and includes its successors and assigns and any municipal corporation resulting from or surviving any consolidation or merger to which it or its successors may be a party. "City Clerk" means the city clerk of the City. "Code" means the Internal Revenue Code of 1986, as amended. "Council" means the governing body of the City as from time to time constituted. "Eligible Certificate" means an interest-bearing certificate of deposit issued by the Bank or any bank, savings and loan association or trust company organized under the laws of the United States of America or any state thereof that is (to the extent not insured by the Federal Deposit Insurance Corporation or the Federal Savings and Loan Insurance Corporation) collaterally secured by a pledge of United States Securities (a) having at any date of calculation a market value (taking account of any accrued interest thereon) not less than the principal of and the accrued interest on the certificates of deposit secured thereby, (b) deposited and pledged with any Federal Reserve Bank or with any bank or trust company organized under the laws of the United States or any state thereof, and having combined capital and surplus and undivided profits of not less than $15,000,000, and (c) for which a receipt signed by the bank or trust company having custody of such collateral securities and containing a sufficient description thereof has been furnished to the Bank. "Eligible Investments" means (a) United States Securities, (b) Eligible Certificates, (c) bank deposits fully insured by the Federal Deposit Insurance Corporation, and (d) investments permitted by the provisions of Section 11-81-21, as amended, of the Code of Alabama 1975. "Fiscal Year" means a fiscal year of the City, being the period beginning on October 1 of each calendar year and ending on September 30 of the then next ensuing calendar year. "Holder" means the person in whose name a Warrant is registered on the registry books of the Bank pertaining to the Warrants. "Interest Payment Date" means each April 1 and October 1, commencing October 1, 2018. "Mayor" means the mayor of the City. "Overdue Interest" means interest due but not paid on the Interest Payment Date on which such interest is required to be paid. "Overdue Interest Payment Date" means the date fixed by the Bank, pursuant to the provisions of Section 13 hereof, for the payment of Overdue Interest. "Record Date" means the March 15 and September 15, as the case may be, next preceding any Interest Payment Date.  "Redemption Date" means the date fixed for redemption of any of the Callable Warrants in a Resolution adopted pursuant to the provisions of Section 4 hereof or the date on which any of the Warrants is subject to mandatory redemption pursuant to the provisions of Section 4 hereof. "Redemption Price" means the price at which the Callable Warrants may be redeemed. "Resolution" and "Ordinance" mean, respectively, a resolution or ordinance adopted by the Council. "United States Securities" means any securities that are direct obligations of the United States of America and any securities with respect to which payment of the principal thereof and the interest thereon is unconditionally guaranteed by the said United States. "Warrants," without other qualifying words, means the General Obligation Warrants herein authorized. (b) Use of Words and Phrases. The following words and phrases, where used in this Ordinance, shall be given the following and respective interpretations: "Herein," "hereby," "hereunder," "hereof," and other equivalent words refer to this Ordinance as an entirety and not solely to the particular portion hereof in which any such word is used. The definitions set forth in Section 1(a) hereof shall be deemed applicable whether the words defined are herein used in the singular or the plural. Wherever used herein any pronoun or pronouns shall be deemed to include both singular and plural and to cover all genders. Section 2. Findings. The Council has ascertained and does hereby find and declare that the following facts are true and correct: (a) it is necessary, desirable and in the public interest that the City acquire, construct and equip various capital improvements in the City, including, without limitation, public park and recreational improvements, various public road work, paving, sidewalks and drainage work; and (b) it is necessary, desirable and in the public interest that the warrants hereinafter authorized be issued for the purpose of providing a portion of the moneys necessary to accomplish such improvements and to pay the expenses of issuing the Warrants. Section 3. Authorization of the Warrants. (a) Principal Maturities and Interest Rates. Pursuant to the applicable provisions of the constitution and laws of Alabama, including particularly Section 11-47- 2 of the Code of Alabama 1975, as amended, and for the purposes hereinabove stated, there are hereby authorized to be issued by the City $19,745,000 aggregate principal amount of General Obligation Warrants of the City. The Warrants shall be issued as fully registered warrants without coupons, shall be dated the date with their issuance and delivery, shall mature and become payable on October 1, as follows, and in the amounts and shall bear interest at the per annum rates of interest as follows: Year of Amount Interest Year of Amount Interest Maturity Maturing Rate Maturity Maturing Rate 2025 $ 905,000 4.00% 2032 $ 1,310,000 3.125% 2026 945,000 4.00 2033 1,355,000 3.20 2027 985,000 4.00 2034 1,795,000 3.25 2028 1,025,000 4.00 2035 1,855,000 3.375 2029 1,140,000 5.00 2030 1,200,000 5.00 2038 5,970,000 3.50 2031 1,260,000 5.00 The Warrants shall be initially issued in the Authorized Denominations and registered in the names of the Holders as shall, pursuant to the provisions of Section 19 hereof, be designated by the purchaser. (b) Payment of Principal. The principal of the Warrants shall be payable at the designated corporate trust office of the Bank, upon presentation and surrender of the Warrants as the same become due and payable. (c) Computation of Interest and Method of Payment. The Warrants shall bear interest from their date until their respective maturities at the per annum rates of interest set forth above (computed on the basis of a 360-day year of twelve consecutive 30-day months). Such interest shall be payable semiannually on each April 1 and October 1, commencing October 1, 2018, until and at the maturity of the Warrants. Interest on the Warrants shall be payable in lawful money of the United States of America by check or draft mailed by the Bank to the lawful Holders of the Warrants at the address shown on the registry books of the Bank pertaining to the Warrants as of the Record Date next preceding the Interest Payment Date. The Warrants shall bear interest after their respective maturities until paid at the rate of 6% per annum. Section 4. Redemption Provisions. (a) Optional. Those of the Warrants having stated maturities on October 1, 2028, and thereafter shall be subject to redemption and prepayment prior to their respective maturities, at the option of the City, as a whole or in part, (but if in part, those to be redeemed to be selected by the City at its discretion), on October 1, 2027, and on any date thereafter, at and for a Redemption Price equal to the principal amount redeemed plus accrued interest thereon to the Redemption Date. In the event that less than all the principal of the Warrants of a single maturity is redeemed and prepaid, the Bank shall, by lot, determine that portion of the principal of the Warrants of such maturity to be redeemed and prepaid. (b) Mandatory Redemption. Those of the Warrants having a stated maturity in 2038 shall be subject to mandatory redemption and payment, and the City shall redeem and pay such Warrants on October 1 in each of the following years and in the following principal amounts, at and for a Redemption Price, with respect to each such Warrant or portion thereof to be redeemed, equal to the principal amount thereof plus accrued interest thereon to the Redemption Date (those to be redeemed to be selected by the Bank by lot): Amount Year Redeemed 2036 $1,920,000 2037 1,990,000 2038 2,060,000 (maturity) In the event that, pursuant to the provisions of paragraph (a) of this Section 4, the City shall have partially redeemed Warrants or shall have provided for a partial redemption of Warrants in such a manner that such Warrants shall be deemed to be no longer outstanding, the City may, by written notice to the Bank, elect to apply all or any part (but only in integral multiples of $5,000) of the principal amount of such Warrants so redeemed or to be redeemed to the reduction of the principal amount of Warrants required to be redeemed pursuant to the provisions of paragraph (b) this Section 4 on any October 1 coterminous with or subsequent to the date such optional redemption actually occurs. Such notice shall be deemed effective only if it is given prior to the Bank's having given notice of redemption contrary to the provisions of such notice pursuant to the following provisions of this Section 5. (c) Manner. Any such redemption or prepayment of the Warrants shall be effected in the following manner: (i) Call. The City shall by Resolution or Ordinance call for redemption and prepayment on a stated Interest Payment Date when they are by their terms subject to redemption Warrants (or principal portions thereof) and shall recite in said Resolution (i) that the City is not in default in the payment of the principal of or interest on any of the Warrants or (ii) that all of the Warrants then outstanding are to be retired on the Redemption Date; provided, however, that it shall not be necessary for the City to adopt such a Resolution or Ordinance in the instance of a redemption being made pursuant to the provisions of paragraph (b) of this Section 4. (ii) Notice. Not more than sixty (60) nor less than thirty (30) days prior to the Redemption Date, the City shall give, or cause to be given, written notice of such redemption and prepayment by United States First Class Mail to the Holders of the each of the Warrants the principal of which is, in whole or in part, to be redeemed and prepaid, stating the following: that the Warrants (or principal portions thereof) have been called for redemption and will become due and payable at the Redemption Price, on a specified Redemption Date and that all interest thereon will cease after the Redemption Date. The Holders of any of the Warrants may waive the requirements of this subsection with respect to the Warrants held by them without affecting the validity of the call for redemption of any other Warrants. (iii) Payment of Redemption Price. The City shall make available at the Bank, on or prior to the Redemption Date, the total Redemption Price of the Warrants (or portions thereof) that are to be prepaid and redeemed on the Redemption Date. Upon compliance with the foregoing requirements on its part contained in this subsection, and if the City is not on the Redemption Date in default in the payment of the principal of or interest on any of the Warrants, the Warrants (or principal portions thereof) called for redemption shall become due and payable at the Redemption Price on the Redemption Date specified in such notice, anything herein or in the Warrants to the contrary notwithstanding, and the Holders thereof shall then and there surrender them for redemption; provided, however, that in the event that less than all of the outstanding principal of any Warrant is to be redeemed, the registered Holder thereof shall surrender the Warrant that is to be prepaid in part to the Bank in exchange, without expense to the Holder, for a new Warrant of like tenor except in a principal amount equal to the unredeemed portion of the Warrant. All future interest on the Warrants (or principal portions thereof) so called for redemption shall cease to accrue after the Redemption Date. Out of the moneys so deposited with it, the Bank shall make provision for payment of the Warrants (or principal portions thereof) so called for redemption at the Redemption Price and on the Redemption Date.  Section 5. General Obligation. The indebtedness evidenced and ordered paid by the Warrants is and shall be a general obligation of the City for payment of the principal of and the interest on which the full faith and credit of the City are hereby irrevocably pledged. Section 6. Warrant Fund. (a) Payments Therein and Use and Continuance Thereof. There is hereby created a special fund to be designated the "City of Athens 2018 Warrant Fund," for the purpose of providing for the payment of the principal of and interest on the Warrants, at the respective maturities of said principal and interest, which special fund shall be maintained until the principal of and interest on the Warrants have been paid in full. Payments into the Warrant Fund shall be made as follows: (i) there shall be paid into the Warrant Fund, simultaneously with the issuance of the Warrants and out of the proceeds derived from the sale thereof, that portion of said proceeds, if any, which may be referable to the accrued interest received by the City on any such sale; and (ii) on or before the 25th day of September, 2018, and on or before the 25th day of each March and September thereafter until the principal of and interest on the Warrants shall have been paid in full, the City will pay into the Warrant Fund such amount as, when added to the amount then in the Warrant Fund that is not needed to pay any principal or interest theretofore matured but not then paid, will equal the sum of the interest that will mature on the Warrants on the then next succeeding Interest Payment Date, plus the principal, if any, that will mature (or will be subject to mandatory redemption) on the Warrants on the then next succeeding Interest Payment Date; provided, that there shall be credited one time on the amount required by this paragraph (ii) to be paid into the Warrant Fund an amount equal to the amount paid therein pursuant to the provisions of paragraph (i) hereof and, further, there shall be credited one time on the amount required by this paragraph (ii) to be paid into the Warrant Fund an amount equal to such amount of may, from time to time, but not less often than once a year, be deposited into the Warrant Fund from investments made pursuant to the provisions of subsection (d) of this Section 6. The City will make the payments provided for in this paragraph (ii) out of all general revenues of the City available therefor. All moneys paid into the Warrant Fund shall be used only for payment of the principal of and interest on the Warrants, upon or after the respective maturities of such principal and interest or upon mandatory redemption; provided, that, if at the final maturity of the Warrants, howsoever the same may mature, there shall be in the Warrant Fund moneys in excess of the amount required to retire the Warrants, then any such excess shall thereupon be returned to the City. When the amount of money on deposit in the Warrant Fund equals or exceeds the aggregate of the principal and interest to their respective maturities on the Warrants at the time outstanding, no further payments need be made into the Warrant Fund except to make good the moneys paid therein which may become lost or which may not be immediately available for withdrawal under the provisions of this section. (b) Depository for Warrant Fund. The City hereby designates Regions Bank, Birmingham, Alabama, as the depository for the Warrant Fund with respect to payment of principal of and interest on the Warrants. The City reserves the right from time to time to designate one or more banks (which may or may not include the Bank heretofore herein designated) as a depository for the Warrant Fund. In the event that any bank at any time designated as depository for any portion of the Warrant Fund should at any time decline to act as such depository, or should resign as such depository, or should cease to be a member of the Federal Deposit Insurance Corporation (or any agency which may succeed to its duties), or should cease to be duly qualified and doing business within the State of Alabama, then any other bank or banks at the time designated as depository or depositories for the same portion of the Warrant Fund shall continue to serve as such depository or depositories without designation by the City of any additional depository or depositories; but if at any time the sole remaining depository for any portion of the Warrant Fund should resign, cease to be a member of said Federal Deposit Insurance Corporation (or successor agency thereto) or should cease to be duly qualified and doing business within the State of Alabama, then the Council shall by Resolution designate a successor to such depository; provided, that, any such successor depository shall be and remain a member of the Federal Deposit Insurance Corporation (or of any agency which may succeed to its duties) and shall be and remain duly qualified and doing business in the State of Alabama. (c) Trust Nature of and Security for the Warrant Fund. The Warrant Fund shall be and at all times remain public funds impressed with a trust for the purpose for which the Warrant Fund is herein created. Each depository for any part of the Warrant Fund shall at all times keep the moneys on deposit with it in the Warrant Fund continuously secured for the benefit of the City and the holders of the Warrants either (i) by holding on deposit as collateral security, United States Securities or other marketable securities eligible as security for the deposit of trust funds under regulations of the Board of Governors of the Federal Reserve System, having a market value (exclusive of accrued interest) not less than the amount of moneys on deposit in the Warrant Fund, or (ii) if the furnishing of security in the manner provided in the foregoing clause (i) of this sentence is not permitted by the then applicable law and regulations, then in such other manner as may be required or permitted by the applicable state and federal laws and regulations respecting the security for, or granting a preference in the case of, the deposit of public funds; provided, however, that it shall not be necessary for any such depository so to secure any portion of the moneys on deposit in the Warrant Fund that may be insured by the Federal Deposit Insurance Corporation (or by any agency of the United States of America that may succeed to its functions) or any portion of the said moneys that may be invested pursuant to the provisions of subsection (d) of this section. (d) Investment of Moneys in the Warrant Fund. So long as the City shall not be in default hereunder it may, at any time and from time to time as it in its sole discretion shall deem advisable, cause to be invested in Eligible Investments any or all of the moneys in the Warrant Fund; provided, that, each such investment shall mature not later than the Interest Payment Date next following the date such investment is made. In the event of any such investment, the securities in which the investment is made shall become a part of the Warrant Fund and shall be held by the depository for the moneys so invested to the same extent as if they were moneys on deposit in the Warrant Fund. The City may likewise at any time and from time to time cause any securities in which any such investment shall be made to be sold or otherwise converted into cash, whereupon the net proceeds derived from any such sale or conversion, after payment of all necessary expenses incident to such sale or conversion, shall become a part of the Warrant Fund. Each depository for the Warrant Fund shall be fully protected in making investments, sales, and conversions of any such securities upon written direction. Section 7. Form of Warrants. The Warrants shall be in substantially the following form:  (Form of Warrant) UNITED STATES OF AMERICA STATE OF ALABAMA CITY OF ATHENS GENERAL OBLIGATION WARRANT INTEREST RATE MATURITY DATE CUSIP NUMBER Subject to prior payment and other provisions as herein provided The City Treasurer of the City of Athens, a municipal corporation under the laws of Alabama ("the City"), will pay to ____________________________________________, or registered assigns, the principal sum of ______________________________________________ DOLLARS ($__________) on the date specified above with interest thereon from the date hereof until the maturity hereof at the per annum rate of interest specified above (computed on the basis of a 360-day year of twelve consecutive 30-day months), payable on October 1, 2018, and semiannually thereafter on each April 1 and October 1 until the due date hereof. The principal of and premium (if any) on this Warrant shall be payable only upon presentation and surrender of this Warrant at the office of Regions Bank, Birmingham, Alabama ("the Bank"). Interest on this Warrant shall be remitted by the Bank to the then registered holder hereof at the address shown on the registry books of the Bank pertaining to the Warrants as of the close of business on the March 15 or September 15, as the case may be, next preceding the date of payment of such interest. Payments of interest shall be deemed to have been timely made if the check or draft therefor is mailed on or before the due date of such interest or, if such due date is not a business day, then on the next business day following such due date. The ordinance hereinafter referred to provides that all payments by the City or the Bank to the person in whose name a Warrant is registered shall to the extent thereof fully discharge and satisfy all liability for the same. Any transferee of this Warrant takes it subject to all payments of principal and interest in fact made with respect hereto. This Warrant is one of a duly authorized issue of Warrants designated General Obligation Warrants and aggregating $19,745,000 in principal amount ("the Warrants"). This Warrant is issued pursuant to the applicable provisions of the constitution and laws of Alabama, including particularly Section 11-47-2 of the Code of Alabama 1975, as amended, and an ordinance ("the Ordinance") of the City duly adopted by the governing body of the City. Those of the Warrants having stated maturities on October 1, 2028, and thereafter are subject to redemption and prepayment prior to their respective maturities, at the option of the City, as a whole or in part (but if in part, those maturities to be redeemed to be selected by the City at its discretion), on October 1, 2027, and on any date thereafter, at and for a redemption price equal to the principal amount redeemed plus accrued interest thereon to the date fixed for redemption.  Those of the Warrants having a stated maturity in 2038 are subject to mandatory redemption on such terms and at such times as are set forth in the Ordinance. The Ordinance requires that written notice of the call for redemption of this Warrant (or portion of the principal thereof) be forwarded by United States First Class Mail to the registered owner of such Warrant, not less than thirty (30) nor more than sixty (60) days prior to the date fixed for redemption. In the event that less than all the outstanding principal of this Warrant is to be redeemed, the registered Holder hereof shall surrender this Warrant to the Bank in exchange for a new Warrant of like tenor herewith except in a principal amount equal to the unredeemed portion of this Warrant. Upon the giving of notice of redemption in accordance with the provisions of the Ordinance, the Warrants (or principal portions thereof) so called for redemption and prepayment shall become due and payable on the date specified in such notice, anything herein or in the Ordinance to the contrary notwithstanding, and the Holders thereof shall then and there surrender them for prepayment, and all future interest on the Warrants (or principal portions thereof) so called for prepayment shall cease to accrue after the date specified in such notice, whether or not the Warrants are so presented. By the execution of this Warrant, the City acknowledges that it is indebted to the payee hereof in the principal amount hereof in accordance with the terms hereof. The indebtedness evidenced and ordered paid by this Warrant is a general obligation of the City for the payment of the principal of and interest on which the full faith and credit of the City have been irrevocably pledged. It is hereby certified and recited that the indebtedness evidenced and ordered paid by this Warrant is lawfully due without condition, abatement or offset of any description; that this Warrant has been registered in the manner provided by law; that all conditions, actions and things required by the constitution and laws of the State of Alabama to exist, be performed or happen precedent to and in the issuance of this Warrant do exist, have been performed and have happened; and that the indebtedness evidenced and ordered paid by this Warrant, together with all other indebtedness of the City, was at the time the same was created and is now within every debt and other limit prescribed by the constitution and laws of the State of Alabama. The Warrants are issuable only as fully registered Warrants in the denomination of $5,000 or any integral multiple thereof. Provision is made in the Ordinance for the exchange of Warrants for a like aggregate principal amount of Warrants of the same maturity and in authorized denomination, all upon the terms and subject to the conditions set forth in the Ordinance. This Warrant is transferable by the registered holder hereof, in person or by authorized attorney, only on the books of the Bank (the registrar and transfer agent of the City) and only upon surrender of this Warrant to the Bank for cancellation, and upon any such transfer a new Warrant of like tenor hereof will be issued to the transferee in exchange therefor, all as more particularly described in the Ordinance. Each holder, by receiving or accepting this Warrant shall consent and agree and shall be estopped to deny that, insofar as the City and the Bank are concerned, this Warrant may be transferred only in accordance with the provisions of the Ordinance. In the event that this Warrant (or any principal portion hereof) is duly called for redemption and prepayment, the Bank shall not be required to register or transfer this Warrant during the period of sixty (60) days next preceding the date fixed for such redemption and prepayment. Execution by the Bank of its registration certificate hereon is essential to the validity hereof.  IN WITNESS WHEREOF, the City has caused this Warrant to be executed by its Mayor, has caused its corporate seal to be hereunto imprinted, has caused this Warrant to be attested by its City Clerk, and has caused this Warrant to be dated ________________, 2018. CITY OF ATHENS [S E A L] /s/ William R. Marks MAYOR, CITY OF ATHENS, ALABAMA ATTEST: /s/ Annette Barnes CITY CLERK, CITY OF ATHENS, ALABAMA The City may, in its discretion, cause a portion of the foregoing text to be printed on the reverse of the Warrant, in which event the face of the Warrant shall state the following: REFERENCE IS MADE TO THE FURTHER PROVISIONS OF THIS WARRANT SET FORTH ON THE REVERSE HEREOF. (Form of Registration Certificate) Date of Registration: This Warrant was registered in the name of the above-registered owner on the date hereinabove set forth. REGIONS BANK Birmingham, Alabama By Its Authorized Officer  (Form of Assignment) For value received ______________________________ hereby sell(s), assign(s) and transfer(s) unto ______________________________ the within Warrant and hereby irrevocably constitute(s) and appoint(s) ______________________________, attorney, with full power of substitution in the premises, to transfer this Warrant on the books of the within-mentioned Bank. Dated this _____ day of ____________, ____. NOTE: The signature on this assignment must correspond with the name of the registered owner as it appears on the face of the within Warrant in every particular, without alteration, enlargement or change whatsoever. Signature guaranteed: (Bank, Broker or Firm)* By Its Authorized Officer Its Medallion Number: * Signature(s) must be guaranteed by an eligible guarantor institution which is a member of a recognized signature guarantee program, i.e., Securities Transfer Agents Medallion Program (STAMP), Stock Exchanges Medallion Program (SEMP), or New York Stock Exchange Medallion Signature Program (MSP). Section 8. Execution of Warrants by City. The Warrants shall be executed on behalf of the City by the Mayor and attested by the City Clerk, and the seal of the City shall be impressed on each of the Warrants. The signatures of the Mayor and the City Clerk may be facsimile signatures of said officers, and the seal of the City imprinted on the Warrants may be a facsimile of such seal (it being understood that a condition to the validity of each Warrant is the appearance on such Warrant of a Registration Certificate, substantially in the form hereinabove provided, executed by the manual signature of the Bank). Signatures on the Warrants by persons who are officers of the City at the times such signatures were written or printed shall continue to be effective although such persons cease to be such officers prior to the delivery of the Warrants, whether initially issued or exchanged for Warrants of different denominations from those initially issued. Section 9. Registration Certificate on Warrants. A registration certificate by the Bank, in substantially the form hereinabove recited, duly executed by the manual signature of the Bank, shall be endorsed on each of the Warrants and shall be essential to its validity. Section 10. Registration and Transfer of Warrants. All Warrants shall be registered as to both principal and interest, and shall be transferable only on the registry books of the Bank. The Bank shall be the registrar and transfer agent of the City and shall keep at its office proper registry and transfer books in which it will note the registration and transfer of such Warrants as are presented for those purposes, all in the manner and to the extent hereinafter specified. No transfer of a Warrant shall be valid hereunder except upon presentation and surrender of such Warrant at the office of the Bank with written power to transfer signed by the registered owner thereof in person or by duly authorized attorney, properly stamped if required, in form and with guaranty of signature satisfactory to the Bank, whereupon the City shall execute, and the Bank shall register and deliver to the transferee, a new Warrant, registered in the name of such transferee and of like tenor as that presented for transfer. The person in whose name a Warrant is registered on the books of the Bank shall be the sole person to whom or on whose order payments on account of the principal thereof and of the interest (and premium, if any) thereon may be made. Each Holder of any of the Warrants, by receiving or accepting such Warrant, shall consent and agree and shall be estopped to deny that, insofar as the City and the Bank are concerned, the Warrants may be transferred only in accordance with the provisions of this Ordinance. If any Warrant is duly called for redemption (in whole or in part), the Bank shall not be required to register or transfer such Warrant during the period of thirty (30) days next preceding the Redemption Date. Section 11. Exchange of Warrants. Upon the request of the Holder of one or more Warrants, the City shall execute, and the Bank shall register and deliver, upon surrender to the Bank of such Warrant or Warrants in exchange thereof, a Warrant or Warrants in different Authorized Denominations of the same maturity and interest rate and together aggregating the same principal amount as the then unpaid principal of the Warrant or Warrants so surrendered, all as may be requested by the person surrendering such Warrant or Warrants. The registration, transfer and exchange of Warrants (other than pursuant to Section 15 hereof) shall be without expense to the Holder or transferee. In every case involving any transfer, registration or exchange, such Holder shall pay all taxes and other governmental charges, if any, required to be paid in connection with such transfer, registration or exchange. Section 12. Accrual of Interest on Warrants. All Warrants issued prior to October 1, 2018, in exchange for Warrants initially delivered, shall bear interest from the date the Warrants were issued and delivered, and all Warrants issued on or after October 1, 2018, shall bear interest from the April 1 or October 1, as the case may be, next preceding the date of its issuance and delivery unless (a) such date of delivery is an April 1 or October 1, in which event such Warrant shall bear interest from the date of its issuance and delivery, or (b) at the time of such delivery the City is in default in the payment of interest on the Warrant in lieu of which such new Warrant is issued, in which event such new Warrant shall bear interest from the last Interest Payment Date to which interest has previously been paid or made available for payment on the Warrant in lieu of which such new Warrant is issued. The preceding provision shall be construed to the end that the issuance of a Warrant shall not affect any gain or loss in interest to the Holder thereof. Section 13. Persons to Whom Payment of Interest on Warrants Is to Be Made. Interest on the Warrants shall, except as provided in the next succeeding paragraph of this Section 13, be payable in lawful money of the United States of America by check or draft mailed by the Bank to the lawful Holders of the Warrants at the address shown on the registry books of the Bank pertaining to the Warrants. Any provision hereof to the contrary notwithstanding, Overdue Interest shall not be payable to the Holder of the Warrants solely by reason of such Holder having been the Holder on the Interest Payment Date on which such interest became due and payable, but shall be payable by the Bank as follows:  (a) Not less than ten (10) days following receipt by the Bank of immediately available funds in an amount sufficient to enable the Bank to pay all Overdue Interest, the Bank shall fix an Overdue Interest Payment Date for payment of such Overdue Interest. (b) Such Overdue Interest Payment Date fixed by the Bank shall be a date not more than twenty (20) days following the expiration of the period described in the foregoing subparagraph (a). (c) Overdue Interest shall be paid by check or draft mailed by the Bank to the persons in whose names the Warrants were registered on the Overdue Interest Payment Date. Payment of Overdue Interest in the manner herein prescribed to the persons in whose names the Warrants were registered on the Overdue Interest Payment Date shall fully discharge and satisfy all liability for the same. Section 14. Persons Deemed Owners of Warrants. The City and the Bank may deem and treat the person in whose name a Warrant is registered as the absolute owner thereof for all purposes; they shall not be affected by notice to the contrary; and all payments by any of them to the person in whose name a Warrant is registered, shall to the extent thereof fully discharge and satisfy all liability for the same. Section 15. Replacement of Mutilated, Lost, Stolen or Destroyed Warrants. In the event any Warrant is mutilated, lost, stolen or destroyed, the City may execute and deliver a new Warrant of like tenor as that mutilated, lost, stolen or destroyed; provided that (a) in the case of any such mutilated Warrant, such Warrant is first surrendered to the City and the Bank, and (b) in the case of any such lost, stolen or destroyed Warrant, there is first furnished to the City and the Bank evidence of such loss, theft or destruction satisfactory to each of them, together with indemnity satisfactory to each of them. The City may charge the Holder with the expense of issuing any such new Warrant. Section 16. Sale of Warrants. The Warrants are hereby sold to Joe Jolly & Co., Inc., Birmingham, Alabama, at and for a purchase price equal to $20,101,890.45, which price reflects an underwriting discount of $197,450 and net original issue premium of $554,340.45 (allocated among the various maturities as reflected by the prices or yields shown on the inside cover page of the official statement hereinafter referred to) plus accrued interest (if any) from their date until the date of their delivery. The Mayor and the City Clerk are hereby authorized and directed to deliver the Warrants to the said purchaser upon payment to the City of the purchase price of the Warrants. Section 17. Use of Proceeds from Sale of Warrants. The entire proceeds of the Warrants shall be applied as follows: (a) that part of the said proceeds which represents accrued interest (if any) on the Warrants from their date to the date of payment therefor, shall be deposited in the Warrant Fund, pursuant to the provisions of Section 6(a)(i) hereof, and shall be applied for payment of the interest which will mature on the Warrants on October 1, 2018; and (b) the balance of the said proceeds shall be paid to the City and deposited into a separate and special account of the City and used to pay the costs of the various capital improvements referred to above and the costs of issuing the Warrants.  Section 18. Provisions Respecting Registration of Warrants to Comply with Provisions of the Code. The City and the Bank recognize that the provisions of the Code now require that the Warrants be in "registered form," and that, in general, each Warrant must be registered as to both principal and interest and any transfer of any Warrant must be effected only by the surrender of the old Warrant and either by the reissuance of the old Warrant to a new Holder or the issuance of a new Warrant to a new Holder. The Bank may rely upon an opinion of nationally recognized bond counsel with respect to any question which may arise pertaining to the transfer, exchange or reissuance of Warrants. The provisions of this Ordinance pertaining to transfer, exchange or reissuance of Warrants need not or shall not be followed if the Bank receives an opinion of nationally recognized bond counsel that compliance with requirements in addition to or in lieu of the requirements of this Ordinance pertaining to such transfer, exchange or reissuance is required or permitted under the provisions of the Code or under other applicable laws and regulations. Section 19. Denominations of Warrants as Initially Issued. The Warrants of each maturity shall be initially issued in Authorized Denominations as requested by the said purchaser and registered in the names of the persons specified by the said purchaser. If, for any reason, the City is unable to prepare or cause to be prepared Warrants in the Authorized Denominations requested by the said purchaser and registered in the names of the persons specified by the said purchaser, the City may deliver one Warrant for each maturity in the principal amount of such maturity, each registered in the name of the said purchaser of the Warrants from the City. Section 20. Provisions for Payment at Par. Each bank at which the Warrants shall at any time be payable, by acceptance of its duties as paying agent therefor, shall be construed to have agreed thereby with the Holders of the Warrants that it will make, out of the funds supplied to it for that purpose, all remittances of principal and interest on the Warrants in bankable funds at par without any deduction for exchange or other costs, fees or expenses. The City agrees with the Holders of the Warrants that it will pay all charges for fees and expenses which may be made by such bank in the making of remittances in bankable funds of the principal of and interest on any of the Warrants. Section 21. Concerning Compliance with the Code. The City covenants and agrees that it will, to the extent permitted by law, comply with the provisions of the Code that constitute conditions to or requirements for (a) the exclusion of the interest income on the Warrants from the gross income of the recipients thereof for federal income tax purposes pursuant to the provisions of Section 103 of the Code and (b) the exclusion of such interest income received by taxpayers other than corporations from alternative minimum taxable income for purposes of the computation of the alternative minimum tax applicable to such taxpayers pursuant to the provisions of Section 55 of the Code. Without limiting the generality of the foregoing, the City will (i) rebate to the United States such amounts from investment earnings on proceeds of the Warrants at such times, and restrict the yield on the investment of such proceeds in such manner, as shall be necessary to prevent any of the Warrants from being or becoming an "arbitrage bond" within the meaning of Section 148 of the Code, (ii) maintain such records respecting the investment and expenditure of proceeds of the Warrants as may be needed to calculate the amounts of any such required payments and (iii) not apply the proceeds derived from the sale of any of the Warrants in a manner that would cause any of the Warrants to be or become a "private activity bond" within the meaning of Section 141 of the Code. Section 22. Approval of Preliminary Official Statement and Authorization of Official Statement. The Council hereby approves and adopts the Preliminary Official Statement dated March 27, 2018, respecting the Warrants in substantially the form submitted to the Council, a copy of which, marked Exhibit A, is attached to the minutes of the meeting of the Council at which this Ordinance is adopted. The said Exhibit A is made a part of this Ordinance in all respects as if set forth in full herein. The Council hereby deems the said Official Statement "final" within the meaning of SEC Rule 15c2-12(b)(1) for the purposes of such rule. The Mayor is hereby authorized and directed to execute a final Official Statement of the City with respect to the Warrants in substantially the form of the Preliminary Official Statement (said form to be that attached, marked Exhibit A, to the minutes of the meeting of the Council at which this Ordinance is adopted), with such changes therein and additions thereto as shall be necessary to conform to the provisions of this Ordinance and such other changes and additions as the Mayor shall deem necessary and appropriate. The Mayor is hereby authorized and directed to cause the said final Official Statement to be delivered to the purchasers of the Warrants. Section 23. Approval of Continuing Disclosure Agreement. The Mayor is hereby authorized and directed to execute and deliver, on behalf of the City, a Continuing Disclosure Agreement, for the benefit of the beneficial owners of the Warrants, in substantially the form presented to the meeting at which this Ordinance is adopted (which form shall be attached as Exhibit B to the minutes of the meeting at which this Ordinance is adopted and which is hereby adopted in all respects as if set out in full in this Ordinance) and the City Clerk is hereby authorized and directed to affix to the said Continuing Disclosure Agreement the seal of the City and to attest the same. The said Continuing Disclosure Agreement is to be entered into contemporaneously with the issuance of the Warrants in order to assist the Underwriter of the Warrants in complying with Rule 15c2-12 of the Securities and Exchange Commission. The rights of enforcement of the said Continuing Disclosure Agreement shall be as provided therein, and in no event shall a default by the City thereunder constitute a default hereunder. Section 24. Authorization of Related Documents and Actions. The Mayor and all other officers of the City are hereby authorized and directed to execute, seal, attest and deliver such other documents, instruments (including, but not limited to, the Continuing Disclosure Agreement in the form attached marked Exhibit B to the minutes of the meeting of the Council at which this Ordinance is adopted) and certificates and to take such other actions on behalf of the City as may be necessary to consummate the sale and issuance of the Warrants and to carry out fully the transactions contemplated by this ordinance. Section 25. Escrow for Warrants. In addition to all other circumstances under which the Warrants are to be deemed paid, any of the Warrants shall be considered as fully paid if there shall be filed with the City Clerk and the Bank each of the following: (a) a trust agreement between the City and a banking corporation or national banking association making provision for the retirement of such Warrants by creating for that purpose an irrevocable trust fund sufficient to provide for payment and retirement of such Warrants (including payment of the interest that will mature thereon until and on the dates they are retired, as such interest becomes due and payable), either by redemption prior to their respective maturities, by payment at their respective maturities or by payment of part thereof at their respective maturities and redemption of the remainder prior to their respective maturities, which said trust fund shall consist of (i) United States Securities which are not subject to redemption prior to their respective maturities at the option of the issuer and which, if the principal thereof and the interest thereon are paid at their respective maturities, will produce funds sufficient so to provide for payment and retirement of all such Warrants, or (ii) both cash and such United States Securities which together will produce funds sufficient for such purpose, or (iii) cash sufficient for such purpose; (b) a certified copy of a Resolution calling for redemption those of such Warrants that, according to said trust agreement, are to be redeemed prior to their respective maturities; (c) a certificate of a firm of certified public accountants satisfactory to the Bank stating that, if the principal of and the interest on the United States Securities (if any) forming a part of the trust fund provided for in the preceding subparagraph (a) are paid on the respective due dates of such principal and interest, said trust fund will produce funds sufficient to provide for the full payment and retirement of such Warrants; and (d) an opinion of Bond Counsel to the effect that the execution and effectuation of the trust agreement referred to in the preceding clause (a) will not result in subjecting the interest income on such Warrants to federal income taxation.  Section 26. (a) Appointment of Bank and Acceptance or Duties. The Bank is hereby designated and appointed and shall act as registrar, transfer agent and paying agent with respect to the Warrants. The Bank shall signify its acceptance of the duties of the Bank under this Ordinance by filing with the City a written acceptance thereof not later than the date of the issuance of the Warrants. In such acceptance the Bank shall accept and agree to perform the duties required by this Ordinance, either expressly or by reasonable implication, subject, however, to the following conditions: (i) The Bank shall undertake to perform such duties and only such duties as are specifically set forth in this Ordinance, and no implied covenants or obligations shall be read into this Ordinance against the Bank. (ii) The Bank need not recognize a Holder of a Warrant as such without the satisfactory establishment of title to such Warrant as shown on the registry books of the Bank. (iii) The Bank may be a Holder or a pledgee of any of the Warrants. (iv) The Bank shall not be liable for the proper application of any moneys other than those that may be paid to or deposited with it. (v) The Bank shall not be liable to pay or allow interest on any moneys to be held by it under this Ordinance or otherwise to invest any such moneys, except as specifically required by this Ordinance or as may be required by law or other written agreement between the City and the Bank. (vi) The Bank may make any investments permitted or required hereby through its own investment department, and any Eligible Investments issued or held by it hereunder shall be deemed investments and not deposits. (vii) The Bank shall, upon reasonable request, inform the City of the amount at the time on deposit in any of the special funds or accounts created hereunder. (b) Bank to Maintain Registration Books. The Bank will keep on file at its principal corporate trust office registration books listing the names and addresses of the holders of the Warrants and proper records of account relating to the receipt, disbursement, investment, allocation and application of moneys under this Ordinance. (c) Resignation by Bank. The Bank and any successor registrar-paying agent may resign and be discharged from the duties under this Ordinance by causing written notice specifying the effective date, postage prepaid, to the City and to every Holder of a Warrant. Unless the effective date of the Bank's resignation shall coincide with the appointment of a successor Bank by the Holders of the Warrants as herein provided, such date shall be at least thirty (30) days after the date on which notice to the City, the Holders of the Warrants shall have been mailed.  (d) Removal of Bank. The Bank may be removed at any time by an instrument or concurrent instruments in writing delivered to the Bank and to the City and signed by the Holders of a majority in aggregate principal amount of the Warrants then. (e) Appointment of Successor Bank; Interim Bank. In case the Bank shall resign, be removed, be dissolved, be in course of dissolution or liquidation, or otherwise become incapable of acting hereunder, or in case it shall be taken under the control of any public officer or officers or of a receiver appointed by a court, a successor may be appointed by the Holders of a majority in aggregate principal amount of Warrants then outstanding through an instrument or concurrent instruments in writing signed by such Holders. In case of any such resignation or event which causes the Bank to be incapable of acting, the City, by an instrument signed by the Mayor, shall appoint an interim Bank to serve until a successor Bank shall be appointed by the Holders of a majority in aggregate principal amount of the Warrants, as provided above. Whenever necessary to avoid or fill a vacancy in the office of Bank, the City will appoint an interim Bank in order that there shall at all times be a Bank hereunder. Any interim Bank so appointed by the City shall immediately and without further act be superseded by the Bank appointed by the holders of the Warrants. The City shall cause notice of the appointment of an interim Bank, in the event that such an appointment is made, to be forwarded by United States Registered or Certified Mail, postage prepaid, to every Holder of a Warrant. When the appointment of a successor Bank, as selected by the Holders of a majority in principal amount of the Warrants then outstanding, becomes effective, the City shall also cause notice of that fact to be given in the manner provided above for the notice required to be given upon the appointment of an interim Bank. Every interim or successor Bank appointed pursuant to this Section shall be a trust company or bank which is qualified to perform all duties of the Bank under this Ordinance and which has, at the time of its acceptance of such appointment, capital, surplus and undivided profits of not less than $25,000,000, if there be such an institution willing, qualified and able to accept appointment as Bank upon reasonable or customary terms. (f) Concerning any Successor Bank. Every successor Bank shall execute, acknowledge and deliver to its predecessor and also to the City an instrument in writing accepting its appointment as Bank hereunder, and thereupon such successor Bank, without any further act, deed or conveyance, shall become fully vested with all the rights, powers and duties of its predecessor. Such predecessor shall, nevertheless, on the written request of the City or such successor Bank, execute and deliver an instrument transferring to such successor Bank all rights, powers and interests of such predecessor hereunder; and every predecessor Bank shall deliver all securities and moneys held by it as Bank hereunder to its successor. (g) Merger or Consolidation of Bank. Any corporation into which the Bank may be merged or with which it may be consolidated, or any corporation resulting from any merger or consolidation to which the Bank shall be a party, or any corporation succeeding to all or substantially all of the corporate trust business of the Bank, shall be the successor of the Bank hereunder, without the execution or filing of any paper or any further act on the part of any of the parties hereto. In case the registration certificates with respect to any Warrants shall have been executed by the Bank then in office, any successor by merger or consolidation to such Bank may adopt the registration of such Warrants and deliver such Warrants with the same effect as if such successor Bank had itself registered such Warrants. (h) Compensation of Bank. Subject to the provisions of any separate agreement with the Bank, the City shall pay to the Bank from time to time reasonable compensation for all services rendered by it under this Ordinance, including its services as registrar and paying agent for the Warrants, and also all its reasonable expenses, charges, counsel fees and other disbursements and those of its attorneys, agents and employees, incurred in and about the performance of its duties hereunder. ADOPTED this 9th day of April, 2018. /s/ Chris Seibert  President of the City Council Approved: /s/ William R. Marks Mayor Authenticated: /s/ Annette Barnes City Clerk Exhibit A Form of Preliminary Official Statement  Exhibit B Form of Continuing Disclosure Agreement Councilmember Travis moved that unanimous consent be given for immediate consideration of and action on said ordinance, which motion was seconded by Councilmember Harper, and upon the said motion being put to vote the following vote was recorded: YEAS: Councilmembers Seibert, Wales, Travis, Cannon and Harper; NAYS: None. The President thereupon declared that the motion for unanimous consent for immediate consideration of and action on the said ordinance had been unanimously carried. Councilmember Wales thereupon moved that the ordinance be finally adopted, which motion was seconded by Councilmember Travis and upon the said motion being put to vote the following vote was recorded: YEAS: Councilmembers Seibert, Wales, Travis, and Harper; NAYS: Councilmember Cannon. The President thereupon announced that the motion for the adoption of the said ordinance had been carried. Councilman Harper introduced the following resolution: RESOLUTION BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF ATHENS, ALABAMA, to approve the Athens Rotary Club for a City of Athens “Special Event Retail On-Premises Consumption” alcohol license for their April 27, 2018 “Run for the Roses” fundraiser to be held at the Limestone County Event Center, located at 114 West Pryor Street. The motion was seconded by Councilman Wales and was unanimously carried. Councilman Cannon introduced the following resolution: RESOLUTION NUMBER 2018-1567 A RESOLUTION CONCERNING THE ACCEPTANCE OF THE DEDICATION OF THE STRANGE STREET EXTENSION _______________________________________________ (the “Corridor”); WHEREAS, this Resolution relates to the following real property that is located in Athens, Alabama: (the “Corridor”);  WHEREAS, in Resolution No. 2016-1492, the Athens City Council approved an agreement with Athens Health & Rehabilitation, LLC (the “Company”), concerning its construction of a roadway, a new extension of Strange Street, upon the Corridor; WHEREAS, the Corridor was the subject of an Irrevocable Offer of Dedication that was made to the City prior to the roadway’s construction; WHEREAS, pursuant to Resolution No. 2016-1492, upon the completion of the construction of the roadway on the Corridor by the Company, and upon the City Council’s acceptance of the Corridor as a public right of way, the Corridor, with its newly constructed roadway, will be deemed “Strange Street” and will become a part of the City’s network of public streets; and WHEREAS, the roadway has been constructed and completed. THEREFORE BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF ATHENS, ALABAMA on April 9, 2018 at 5:30 PM, that the Mayor is authorized in the name of and for account of the City of Athens to execute the Acceptance of Irrevocable Offer of Dedication concerning the new extension of Strange Street, in substantially the same form as is attached hereto as Exhibit A. ADOPTED this the 9th day of April, 2018. /s/Chris Seibert PRESIDENT, CITY COUNCIL CITY OF ATHENS, ALABAMA CERTIFICATION OF CITY CLERK STATE OF ALABAMA ) LIMESTONE COUNTY ) I, Annette Barnes, City Clerk of the City of Athens, Alabama, do hereby certify that the above and foregoing is a true and correct copy of a Resolution duly adopted by the City Council of the City of Athens, Alabama, on the 9th day of April, 2018. Witness my hand and seal of office this ___ day of __________________, 2018. ____________________________________ City Clerk  EXHIBIT A STATE OF ALABAMA) ACCEPTANCE OF IRREVOCABLE OFFER OF DEDICATION LIMSTONE COUNTY) KNOW ALL MEN BY THESE PRESENTS, that the CITY OF ATHENS, ALABAMA does hereby acknowledge its acceptance of that certain Irrevocable Offer of Dedication, made and entered on May 25, 2016 by MAUND FAMILY I, LLC FKA MAUND FAMILY LIMITED PARTNERSHIP, a limited liability company organized and existing under the Laws of the State of Alabama, and recorded in at RLPY BK 2016, PG 28006, in the Office of the Judge of Probate, Limestone County, Alabama. The City Council of the City of Athens does hereby gives its written notice that the dedication of said land is accepted as a public right of way for public use, and the dedication of the improvements located thereon are likewise accepted. Reference is also made to that certain Final Plat of Strange Street Extension, recorded at Plat Book J, Page 36, in the same office, with respect to the corridor shown thereon as “Strange Street – Proposed Extension.” IN WITNESS THEREOF, the undersigned have set their hands this 9th day of April, 2018. CITY OF ATHENS, ALABAMA By: /s/ William R. Marks MAYOR, CITY OF ATHENS, ALABAMA Attest: /s/ Annette Barnes CITY CLERK, CITY OF ATHENS, ALABAMA The motion was seconded by Councilman Wales and was unanimously carried. * * * There being no further business to come before the meeting, Council President Seibert asked if there were any objections to adjourning the meeting. There being none, the work session was duly and property adjourned. /s/ Chris Seibert PRESIDENT, CITY COUNCIL ATTEST: /s/ Annette Barnes CITY CLERK