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06-06-2002 Special Meeting CITY OF CLERMONT MINUTES SPECIAL COUNCIL MEETING JUNE 6, 2002 Page 1 A Special Meeting of the City Council of the City of Clermont was held Thursday, Sunc 6, 2002, at the Police Department. The meeting was called to order at 4:30 p.m. by Mayor Turvillc. Council Members Caputo, Dupce, Mullins, and Rcnick were present. Also present were City Manager Saunders, City Attorney Bob Guthrie and Finance Director Van Zilc. Mayor Turville welcomed those present. City Manager Saunders explained'to the City Council that the purpose of the meeting was to consider Resolution No. 1258, which documents the approval of the bond issue to provide financing for the construction of the new City Hall. Finance Director Van Zile provided the City Council with a memo explaining that the bond issue is titled "The City of Clermont Public Improvement Revenue Bond Issue - Series 2002" and will not only provide financing for the new City Hall but will also provide funds for the refinancing of the line of credit that was obtained in 2000 for the construction of Fire Station #1. Mr. Van Zile went on to explain that the bond issue is for a 15 year period and that the revenues pledged by the City are from the General Fund. He stated the revenues for the annual debt service are from the telecommunications service tax, the City's public service excise taxes and the one half cent sales tax. Mr. Van Zile provided a debt service schedule and reviewed this with the City Council. Mr. Joe Pellegrini, representing Payne Webber, the City's investment banker, was present to explain the anticipated interest rates as well as the benefit of the bond insurance that is to be purchased for the bond issue. Mayor Turville read Resolution No. 1258 by title only and asked for public comment. There was none. A motion was made by Council Member Mullins, seconded by Council Member Caputo, and carried unanimously to adopt Resolution No. 1258. Council Member Dupee left the meeting at approximately 4:45 p.m. City Manager Saunders then gave the City Council an update on the Streetscape project and requested approval of Change Order gl. motion was made by Council Member Mullins, seconded by Council Member Caputo, and carried unanimously to approve Change Order gl_for Gomez Construction. City Manager Saunders then discussed with the City Council his proposal of selecting a supplier for the audio/visual equipment and the furnishings for the new City Hall. He explained that the preferred method would be to work with a furnishings supplier that provides several choices from the State contract or had other contracts with cities or governmental entities that the City could piggyback from. He also stated that the City would request proposals from audio/visual providers and make a recommendation to the City Council in the future for both of these issues. There being no further business, the meeting adjourned at 5:25 p.m. st: p ' . Van ~tCity Clerk ~lfl~S. T~--vi~]e~ Jr., Maym: