Alderman Boulton seconded. City Attorney Heinz reads Bill No. 6523, an Ordinance Approving an Easement Agreement for Canopies to the Opus Redevelopment Project at 25 N. Central Avenue Project for the first time by title only. The motion passed unanimously on a voice vote. Alderman Garnholz moved that the Board give unanimous consent to consideration for adoption of Bill No. 6523 on the day of its introduction. Alderman Boulton seconded. The motion passed unanimously on a voice vote. Alderman Garnholz introduced Bill No. 6523, an ordinance to approve Easement Agreements with Opus Development Company, LLC for 25 N. Central Avenue to be read for the second time by title only. Alderman Boulton seconded. City Attorney Heinz reads Bill No. 6523, an Ordinance Approving an Easement Agreement for Canopies to the Opus Redevelopment Project at 25 N. Central Avenue Project for the second time by title only. Alderman Garnholz – Aye; Alderman Boulton – Aye; Alderman Berger – Aye; Alderman Lintz – Aye; Alderman Berkowitz – Aye; and Mayor Sanger – Aye. The bill was adopted and became Ordinance No. 6391 of the City of Clayton. In response to the Board’s questions, Joe Downs, Opus Development, stated that they will begin the abatement process within the next four to six weeks with demolition of the building begin complete by the end of the year.

09-16-15 BOA Minutes September 16, 2015 Page 8 of 9

Alderman Winings rejoined the meeting. A RESOLUTION TO AUTHORIZE THE CITY MANAGER TO SIGN AN AMENDMENT TO RESTRUCTURE THE LEASE PURCHASE AGREEMENT ON THE FIRE DEPARTMENT LADDER TRUCK

City Manager Owens reported that in 2009 the City purchased a Fire Department Ladder Truck and financed the equipment through a lease purchase agreement for a period of twelve (12) years at a rate of 4.71%. The successful bidder on the lease was PNC Equipment Finance (PNC), which was the entity that handled equipment financing for National City Bank, and these two entities have since merged. After the September 25, 2015 payment, there are 74 remaining payments with an outstanding principal balance of $595,374.91. Recently the City determined that there would likely be savings received by refinancing the remainder of the lease, taking into account the requirement of paying a 2% termination fee on the current lease. The City issued a Request for Quotations (RFQ) and received nine (9) proposals that met the RFQ criteria. The savings ranged from $21,234 to $51,900 for the remaining lease period and the interest rates proposed ranged from 1.78% to 3.0%. A summary of the proposals received is attached. After evaluating the proposals, PNC, the current lessor, had the highest savings for the City of $51,899.90 over the remaining life of the lease, with a 2.1% interest rate.

Meramec Avenue. The restaurant will have an upper (outdoor) deck with seating area. Alderman Boulton reported that she and Alderman Lintz participated in the Ameren tour of the Calloway Nuclear Plant.

09-16-15 BOA Minutes September 16, 2015 Page 9 of 9

Alderman Berger reported that the CRSWC met and approved the proposed budget. He complimented Patty DeForrest and Toni Siering on their hard work.

Alderman Berger commended all who worked on the Art Fair, very well attended and successful event. He commented that during the artists’ sign-up process several expressed their excitement to be here for the event. He added that the restaurants were very full all weekend.

Alderman Lintz also commended and thanked the staff.

Alderman Berkowitz also commended the staff on a very nice event.

Alderman Berkowitz reported that he and Alderman Garnholz met with residents of the Moorlands regarding the parking issues.

Mayor Sanger also commented on the turn out of the Art Fair. He expressed kudos to Janet LeMay on the Craft Beer Festival.

There being no further business the meeting was adjourned at 8:10 p.m.

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Mayor ATTEST:

____________________________ City Clerk