City Council

The Special Meeting of the City Council of the City of Hackensack was held at City Hall, 65 Central Avenue, Hackensack, New Jersey, on Wednesday, November 1, 2000, at 9:00 A. M. Mayor Zisa called the meeting to order and asked the City Clerk to call the roll. I Present - Councilwoman Juanita Trammell, Deputy Mayor Mark A. Stein, Mayor John F. Zisa, City Manager James S. Lacava, City Clerk Doris L. Dukes and City Attorney Richard E. Balkin Absent - Councilman Roger B. Mattei and Councilman Jesus R. Galvis (out of the Country) Mrs. Dukes: "In accordance with the Open Public Meetings Act, Chapter 231, Laws of 1975 adequate notice of this meeting was provided by sending a notice to the Record and by posting a copy on the bulletin board in Hackensack". Although Councilman Mattei was not present he called during the meeting and voted on the following resolutions: RESOLUTION #315 OFFERED BY: TRAMMELL SECONDED BY: STEIN RESOLUTION CONFIRMINING THE DETAILS OF THE SALE OF TRUST LOAN BONDS AND FUND LOAN BONDS IN THE AGGREGATE PRINCIAL AMOUNT OF $984,053 OF THE CITY OF HACKENSACK, IN THE COUNTY OF BERGEN, NEW JERSEY TO THE NEW JERSEY ENVIRONMENTAL INFRASTRUCTURE TRUST PURSUANT TO THE 2000 NEW JERSEY ENVIRONMENTAL INFRASTRUCTURE TRUST FINANCING PROGRAM I WHEREAS, the City of Hackensack (the County of Bergen, New Jersey, has determined that there exists a need within the Local Unit to acquire, "Local Unit"), in the construct, renovate or install the Project (the "Project") as defined in each of that certain Loan Agreement (the "Trust Loan Agreement") to be entered into by and between the Local Unit and the New Jersey Environmental Infrastructure Trust (the "Trust") and that certain Loan Agreement (the "Fund Loan Agreement", and together with the Trust Loan Agreement, the "Loan Agreements") to be entered into by and between the Local Unit and the State of New Jersey, acting by and through the New Jersey Department of Environmental Protection (the "State"), all pursuant to the 2000 New Jersey Environmental Infrastructure Trust Financing Program (the "Program"); WHEREAS, the Local Unit has determined to finance the acquisition, construction, renovation or installation of the Project with the proceeds of a loan to be made by each of the Trust (the "Trust Loan") and the State (the "Fund Loan", and together with the Trust Loan, the "Loans") pursuant to the Trust Loan Agreement and the Fund Loan Agreement, respectively; I WHEREAS, to evidence the Loans, each of the Trust and the State require the Local Unit to authorize, execute, attest and deliver the Local Unit's Trust Bonds, Series 2000, to the Trust in an aggregate principal amount not to exceed $495,000 (the "Trust Loan Bond") and State Bonds, Series 2000, to the State in an aggregate principal amount not to exceed $489,053 (the "Fund Loan Bond", and together with the Trust Loan Bond, the "Local Unit Bonds") pursuant to the terms of the Local Bond Law of the State of New Jersey, constituting Chapter 2 of Title 40A of the Revised Statutes of the State of New Jersey (the "Local Bond Law"), other applicable law, the Loan Agreements and the Escrow Agreement dated September 12, 2000 (the "Escrow Agreement') by and among the Trust, the State, the Local Unit and the escrow agent named therein; WHEREAS, N.J.S.A. 40A:2-27(a)(2) of the Local Bond Law allows for the sale of the Trust Loan Bond and the fund Loan Bond to the Trust and the State, respectively, without any public offering, and N.J.S.A.58:11B-9(a) allows for the sale of the Trust Loan Bond to I the Trust, without any public offering, all under the terms and conditions set forth herein; and WHEREAS, in accordance with the terms of the Escrow Agreement, the Trust has sold its bonds to fund the Trust Loan, thereby enabling the Local Unit to confirm the exact aggregate principal amount of the debt service schedule for the Local Unit Bonds. NOW, THEREFORE, BE IT RESOLVED by the governing body of the Local Unit as follows: Section 1. The sale of the Trust Loan Bond to the Trust and the Fund Loan Bond to the State is hereby confirmed. The Trust Loan Bond shall be released from escrow in accordance with the terms of the Escrow Agreement and thereby issued in accordance with the principal loan amount, interest rates and maturity schedule set forth in Schedule A attached hereto and made part hereof. The Fund Loan Bond shall be released from escrow in accordance with the terms of the Escrow Agreement and thereby issued in accordance with the maturity schedule set forth in Schedule B attached hereto and made a part hereof. I Section 2. The two resolutions of the City relating to the Sale of the Local Unit Bonds adopted on August 7, 2000 are hereby amended as follows: all references to the amount of Trust Loan Bonds shall be $495,000, and all references to the aggregate amount of Local Unit Bonds shall be $489,053. Section 3. This resolution shall take effect immediately. Section 4. Upon the adoption hereof, the Local Unit Clerk shall forward certified copies of this resolution to Lowenstein Sandler PC, Bond Counsel to the Local Unit, and Mark E. Hopkins, Esq., Mccarter & English, LLP, Bond Counsel to the Trust. Roll Call: Ayes - Trammell, Stein, Mattei, Zisa Absent - Galvis RESOLUTION #31 6 OFFERED BY: STEIN SECONDED BY: TRAMMELL WHEREAS, pursuant to an advertisement in The Record, one bid was received on October 23, 2000, for the Construction of the State Street/Union Street Parking Lot in the City of Hackensack; and WHEREAS, upon review of the bid submitted, Kenneth G. B. Job, Consulting Engineer has recommended that the bid be awarded to F F Occhipinti Co., Inc.; & I NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Hackensack that the contract for the Construction of the State Street/Union Street Parking Lot, be awarded to F & F Occhipinti Co, Inc., 1 60 Green Street, Hackensack, NJ, 07601, in the amount of $225,325.00; and  BE IT FURTHER RESOLVED that the Chief Financial Officer has certified that funds are available in Account #X-60-R05-001 in the amount of $175,000 of the Public Parking System Utility Capital Fund and Account #0-20-100-206 in the amount of $50,325.00 of the Public Parking System Utility Operating Fund, P.0.#118925. I Roll Call: Ayes - Trammell, Stein, Mattei, Zisa Absent - Galvis RESOLUTION #317 OFFERED BY: STEIN SECONDED BY: TRAMMELL WHEREAS, a coalition of thirteen (13) central and south Bergen County Municipalities known as the "Coalition For Public Health and Safety" has been formed to better monitor, access, and, if necessary, oppose the present and proposed operations of Teterboro Airport in the context of environmental health and quality of life consideration for the residents in the coalition's communities; and WHEREAS, the City Council of the City of Hackensack perceives that the concept of a coalition of communities impacted by the operation of Teterboro Airport holds greater prospects of meaningful progress for the residents of these areas than does the efforts of any single community in seeking redress of these serious issues; and WHEREAS, the "Coalition for Public Heal th and Safety" has requested each of the thirteen (13) participating municipalities make a commitment of a contribution of up to $5, 000. 00 to the I coalition to fairly share the anticipated costs of an environmental study and, if necessary, the retention of legal counsel to further the efforts of the coalition; and WHEREAS, a certificate establishing that funds are available from Account #0-10-850-211, of the Current Fund, P.O. #119062 has been issued by the Chief Financial Officer; NOW, THEREFORE, BE IT RESOLVED by the Mayor and Council of the City of Hackensack that: (l} The City of Hackensack hereby formally declares it membership and participation in "The Coalition for Public Health and Safety"; and (2) The City Manager, in consultation with the City Council, be and is hereby authorized to remit the sum of $5,000.00 to the Coalition, representing the City's share of the anticipated costs of the coalition's activities; and BE IT FURTHER RESOLVED that the City Clerk be and is hereby directed to retain a copy of this resolution on file and available I for public inspection. Roll Call: Ayes - Trammell, Stein, Mattei, Zisa Absent - Galvis  Motion offered by Trammell, seconded by Stein, that the meeting be adjourned. Carried (9:20 A.M.) I ABSENT COUNC ILMAN JESUS R. GALVIS �,�,;_�� \� DEPUTY MAYOR MARK A. STEIN ATTEST: I I