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unanimously. The First Reading will count under Special Business,the Second Reading will be <br /> under Committee of the Whole, and the Third Reading will come in the Third Readings. <br /> Jen Hockenhull, City Controller with offices on 12th floor of the County-City Building, stated, The <br /> bill before you is to simply correct a recording error for the Parks Bond levy. Originally when we <br /> prepared the budget, we had prepared the Parks Bond and the Hall of Fame Bond as one (1) levy <br /> debt-service payment. Based on review of emails of conversations with the DLGF, now we are <br /> just breaking it into two (2) separate Funds. This new Fund will be Fund #312. These are net <br /> dollars,the same money, and no new money is being requested for or spent here. <br /> Councilmember Dr. David Varner asked, The levy for the Hall of Fame was supposed to <br /> disappear when the bonds were paid off, correct?And the suggestion was to just use that levy to <br /> pay for the Parks Bond and that's how we got to this point. I thought there was a State Statute <br /> that allowed us to keep an excess levy for a period of only ten(10) years. At the end of ten(10) <br /> years, I thought we lost that ability to keep that levy. <br /> Randy Rompola, Barnes and Thornburg with offices at 100 N. Michigan Street, replied, We were <br /> Bond Counsel on this Parks Bond. In a sense we are continuing that levy but in reality we are <br /> not. The Park Bond is a new free-standing tax levy but from a math standpoint,the Park Bond <br /> was structured so that the levy would essentially equate to the levy for the Hall of Fame Bond <br /> that is going off. You're correct we're not continuing it actually, but it is easier to understand <br /> when it is said that way. This does qualify for the impending Circuit Breaker. <br /> Councilmember Jo M. Broden asked, Are there any other expenses relative to the Park Bond that <br /> is affected by this? <br /> Ms. Hockenhull replied,No. We took what was left for the Hall of Fame and added the total of <br /> what this Bond is for. So all of the costs are accounted for. <br /> Councilmember Broden followed up, So the DLGF didn't advise us of this initially? Or what <br /> was going on? <br /> Ms. Hockenhull replied, I talked at length with the Commissioner of the DLGF and he pointed <br /> out that in the correspondence between us and them,,the wording we were using and what they <br /> understood were a little different. We were speaking the same language just with a few <br /> misunderstandings. <br /> Councilmember Broden followed up, With regard to the open door piece on this, where do we <br /> stand on this? <br /> Aladean DeRose, City Attorney with offices on the 12th floor of the County-City Building, <br /> stated, We posted forty-eight(48)hour notice and are in full compliance. This does affect other <br /> counties because John Glenn School Corporation shares boundaries in all three counties. <br /> 2 <br />