FEBRUARY 9, 2010 DIVIDED ROLL CALL VOTES

BUREAU OF FINANCE

DEPARTMENT OF BUDGET AND MANAGEMENT SERVICES

PROPOSED RESOLUTION

AGENDA ITEM #11

Commissioner Daley, seconded by Commissioner Butler, moved that the Resolution for the Levy of Taxes for the Fiscal Year 2010 be approved and adopted.  Commissioner Daley called for a Roll Call, the vote of yeas and nays being as follows:

ROLL CALL ON THE MOTION TO APPROVE

Yeas: Commissioners Butler, Claypool, Collins, Daley, Gainer, Gorman, Goslin, Murphy, Peraica, Schneider, Silvestri, Sims, Steele, Suffredin and President Pro Tempore Moreno - 15.

Nays: None.

Absent: Commissioners Beavers and Reyes - 2.

The motion to approve CARRIED and the Levy of Taxes for the Fiscal Year 2010 was APPROVED AND ADOPTED.

Commissioner Daley, seconded by Commissioner Silvestri, moved to reconsider the vote by which the Levy of Taxes for the Fiscal Year 2010 was approved and adopted.  Commissioner Daley called for a Roll Call, the vote of yeas and nays being as follows:

ROLL CALL ON MOTION TO RECONSIDER

Yeas: None.

Nays: Commissioners Butler, Claypool, Collins, Daley, Gainer, Gorman, Goslin, Murphy, Peraica, Schneider, Silvestri, Sims, Steele, Suffredin and President Pro Tempore Moreno - 15.

Absent: Commissioners Beavers and Reyes - 2.

The motion to reconsider FAILED.

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PRESIDENT

AUTHORIZE SETTLEMENT AND PAYMENT OF THE OUTSTANDING 2007 PENSION OBLIGATION IN A LUMP SUM PAYMENT PLUS INTEREST AT A RATE NOT TO EXCEED 2.75% TO BE PAID THROUGH THE ISSUANCE OF A SHORT TERM NOTE

NEW ITEM #2

Commissioner Murphy, seconded by Commissioner Steele, moved to authorize settlement and payment of the outstanding 2007 Pension Obligation in a lump sum payment plus interest at a rate not to exceed 2.75% to be paid through the issuance of a short term note.  Commissioner Peraica called for a Roll Call, the vote of yeas and nays being as follows:

ROLL CALL ON MOTION TO AUTHORIZE SETTLEMENT AND PAYMENT
OF THE OUTSTANDING 2007 PENSION OBLIGATION
IN A LUMP SUM PAYMENT PLUS INTEREST
AT A RATE NOT TO EXCEED 2.75% TO BE PAID THROUGH THE
ISSUANCE OF A SHORT TERM NOTE

Yeas: Commissioners Butler, Claypool, Daley, Gainer, Gorman, Goslin, Murphy, Schneider, Silvestri, Sims, Steele, Suffredin and President Pro Tempore Moreno - 13.

Nays: Commissioner Peraica - 1.

Absent: Commissioners Beavers, Collins and Reyes - 3.

The motion to approve CARRIED and the Authorization for Settlement and Payment of the outstanding 2007 Pension Obligation in a lump sum payment plus interest at a rate not to exceed 2.75% to be paid through the issuance of a short term note was APPROVED.