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04-22-1986 Regular Meeting -- e, CITY OF CLERMONT MINUTES REGULAR COUNCIL MEETING April 22, 1986 The Regular Meeting of the City Council of the City of Clermont was held Tuesday, April 22, 1986 in the Council Chambers. The meeting was called to order at 7:30 p.m.'by Mayor Pool with the following Council Members in attendance: Mayor Pro Tem Turville, Council Member Dupee, Council Member Cole and Council Member Huff. Other City Officials present were City Manager Saunders, City Attorney Baird, Finance Director Van Zile, and Deputy City Clerk Brandt. INVOCATION The Invocation was given by Nilsa Whitehead followed by the repeating of The Pledge of Allegiance to the Flag by all present. MINUTES The Minutes of the Regular Meeting held April 8, 1986 were approved as presented. REPORTS CITY MANAGER SAUNDER'S REPORT ROWING REGATTA It was reported that a letter had been received asking permission to hold the Florida Scholastic Rowing Regatta on May 10, 1986 at Jaycee Beach. As with the other rowing regattas held at Jaycee Beach, this one will also be sponsored by the Florida Athletic Club. This organization will be responsible for providing portable toilets and cleaning up the area after the race. There have been no problems with the past events. 86-082A MOTION WAS MADE BY COUNCIL MEMBER DUPEE, SECONDED BY COUNCIL MEMBER TURVILLE AND UNANIMOUSLY CARRIED TO ALLOW THE REQUEST. LIFEGUARD FOR JAYCEE BEACH City Manager Saunders stated that due to the warm weather and large crowds of people using Jaycee Beach earlier than usual, he would like to have the City's lifeguard begin working weekends in May, in- stead of waiting until Memorial Day. Mayor Pool and Council Member Huff concurred that this was a good idea liability-wise. A MOTION WAS MADE BY COUNCIL MEMBER TURVILLE, SECONDED BY COUNCIL MEMBER COLE AND UNANIMOUSLY CARRIED TO HAVE THE LIFEGUARD BEGIN WORKING ON WEEKENDS DURING MAY. MILLER BASS TOURNAMENT It was reported that a Mr. Shumake, who operates a portable concession stand, had asked permission to operate during the Miller Bait and Tackle Bass Fishing Tournament on April 26, 1986 at Jaycee Beach. Mr. Saunders stated that before this request, he had no prior knowledge of the tournament, and upon further investigation found out that it would be one of several tournaments that have been held without City permission. Mayor Pool asked if it would be a "live release" tournament. City Manager Saunders stated that he did not know for sure if it was, but most tourna- ments held were of this type. It was also asked if the City could charge ramp fees for tournament participants, in order to recoup some of the expenses involved in cleaning up the area after the tournament. City e e CITY OF CLERMONT MINUTES REGULAR COUNCIL MEETING April 22, 1986 Page -2- Attorney Baird stated that the City could not charge tournaments this type of fee without charging the same for everyone. He further stated that if the City wanted to charge this type of fee, that an ordinance should be developed to charge everyone for the use of the facility. It was pointed out that it is City Policy for an organization to ask permission to use City facilities. This policy was adopted in order to avoid possible conflicts, such as holding a triathlon and fishing tourna- ment on the same day. City Manager Saunders stated that he had told Mr. Shumake that he could not set up his concession at this time, due the City policy of giving priority to local service clubs for setting up their concessions. 86-08~ MOTION WAS MADE BY COUNCIL MEMBER HUFF, SECONDED BY COUNCIL MEMBER DUPEE AND UNANIMOUSLY CARRIED TO ALLOW MILLER BAIT AND TACKLE TO HOLD A BASS FISHING TOURNAMENT AT JAYCEE BEACH ON APRIL 26, 1986. CHAMBER OF COMMERCE BROCHURE City Manager Saunders stated tQat the City had been asked to buy an advertisement in a promotional brochure of the City the Chamber of Commerce is using as a fund raiser. Advertisements range in cost from $91 to $567. It was pointed out that the only reason to take out an ad would be as a contribution to the Chamber. After a brief discussion, it was the consensus of Council that the City should give a contribution directly to the Chamber, in lieu of buying an ad. RAILROAD RIGHT-OF-WAY City Attorney Baird reported that the negotiations to purchase the Sea- board System Railroad had come to a complete standstill. The railroad had rejected the City's last offer and closed the file. Originally, Seaboard had asked $330,000 for the approximately 12 acres of right-of-way within the City Limits. The City offered the railroad $17,000 for the property, Seaboard counteroffered with $250,000 and the City counter-counteroffered $60,000 when the file was closed. City Manager Saunders stated that at this point, he would like to bypass the person in charge of right-of-way negotiations and negotiate directly with the parent company or Board of Directors It was the consensus of Council that City Attorney Baird act as repre- sentative of the City and make the same $60,000 offer in direct negotia- tions with the Board of Directors of the Seaboard Systems Railroad. COUNCIL MEMBER DUPEE'S REPORT ECFRPC Council Member Dupee reported that she had been appointed to the Nominating Committee of the East Central Florida Regional Planning Council. PICNIC TABLE FOR JENKINS AUDITORIUM Mrs. Dupee also reported that the picnic table the City purchased for the patio at Jenkins Auditorium was much appreciated, and had been put to good use during the recent Clermont Garden Club Flower Show. e e CITY OF CLERMONT MINUTES REGULAR COUNCIL MEETING April 22, 1986 Page -3- FUNFEST '86 Mrs. Dupee also commended the Parks and Recreation Board for a very successful event, Funfest '86. COUNCIL MEMBER HUFF'S REPORT Council Member Huff presented a safety car seat to the City to be . used by the Clermont Police Department. The car seat had been donated anonymously. OCCUPATIONAL LICENSE TAX Council Member Huff gave a brief presentation supporting a proposed Occupational License Tax which would be based on 1% of a business's gross receipts. He stated that he believed this would be a more equitable tax than impact fees imposed upon builders and that the City should support this legislation. FINAL READING OF ORDINANCE 246-C - CITY OF CLERMONT EMPLOYEE PENSION PLAN Finanace Director Joseph Van Zile gave a brief synopsis of the . new General Employees Pension Plan and amendments to the old plan, as explained in a memo from Mr. Van Zile dated April 2, 1986 which is attached and made part of this record. He also introduced Mr. Kevin Merrill and Mr. Rob Langford, representatives of Erisa Compliance Services, who were present to answer questions. Mayor Pool called for comments from those present in the audience and no one spoke for or against the proposed ordinance. 86-084After a brief discussion, A MOTION WAS MADE BY COUNCIL MEMBER HUFF, SECONDED BY COUNCIL MEMBER DUPEE AND UNANIMOUSLY CARRIED BY ROLL CALL VOTE TO ADOPT ORDINANCE 246-C ESTABLISHING A NEW GENERAL EMPLOYEES PENSION PLAN AND AMENDMENTS TO THE OLD PLAN. VOTING WAS AS FOLOWS: COUNCIL MEMBERS DUPEE, HUFF, COLE AND TURVILLE, AYE AND MAYOR POOL, AYE. THE ORDINANCE WAS READ BY TITLE ONLY. RESOLUTION NO. 523 - APPROVING AND APPLYING FOR PARTICIPATION IN THE FLORIDA MUNICIPAL PENSION TRUST FUND It was explained that enactment of this Resolution would approve of and apply for participation in the Florida Municipal Pension Trust Fund. This fund provides for administration, trust and custodial services of all the City Pension Plans by the Florida Municipal Pension Trust Fund. Mr. Rob Langford explained that the City would enjoy a higher rate of return on its investments with the new fund, and also save approximately $7,000 in administrative fees during the first year. He then ci ted various figures. for interest earned by the fund during the past year. 36-085After a brief discussion, A MOTION WAS MADE BY COUNCIL MEMBER DUPEE, SeCONDED BY COUNCIL MEMBER COLE AND UNANIMOUSLY CARRIED BY ROLL CALL VOTE TO ADOPT RESOLUTION NO. 523 APPROVING OF AND APPLYING FOR PARTICIPATION IN THE FLORIDA MUNICIPAL PENSION TRUST FUND. VOTING WAS AS FOLLOWS: COUNCIL MEMBERS TURVILLE, COLE, DUPEE AND HUFF, AYE AND MAYOR POOL, AYE. THE RESOLUTION WAS READ BY TITLE ONLY. e e CITY OF CLERMONT MINUTES REGULAR COUNCIL MEETING April 22, 1986 Page -4- RESOLUTION NO. 524 - CHANGING THE TRUSTEE OF THE PENSION PLAN It was explained that this Resolution would change the Trustee of the City Pension Plan from Sun Bank, N.A. to the Board of Trustees of the Florida Municipal Pension Trust Fund. 86-08~ MOTION WAS MADE BY COUNCIL MEMBER TURVILLE, SECONDED BY COUNCIL MEMBER HUFF AND UNANIMOUSLY CARRIED BY ROLL CALL VOTE TO ADOPT RESOLUTION NO. 524 CHANGING THE TRUSTEE OF THE CITY OF CLERMONT PENSION PLAN TO THE BOARD OF TRUSTEES OF THE FLORIDA MUNICIPAL PENSION TRUST FUND. VOTING WAS AS FOLLOWS: COUNCIL MEMBERS HUFF, DUPEE, COLE AND TURVILLE, AYE AND MAYOR POOL, AYE. THE RESOLUTION WAS READ BY TITLE ONLY. PENSION INVESTMENT POLICY - OLD GUIDELINES REPEALED It was explained that the City's present Pension Investment Policy, which established investment guidelines for pension funds should be repealed. This policy was needed to restrict the mix of invest- ments in trust with Sun Bank of Orlando. The Florida Municipal Pension Trust Fund, the new administrator of our Pension Fund, has established guidelines that are adequate. 86-087A MOTION WAS MADE BY COUNCIL MEMBER HUFF, SECONDED BY COUNCIL MEMBER DUPEE AND UNANIMOUSLY CARRIED TO REPEAL THE CITY'S PRESENT INVESTMENT GUIDELINES FOR PENSION FUNDS AS THEY ARE NO LONGER NEEDED. ANNUITIES Finance Director Van Zile explained that the City was requesting authorization to purchase paid-up annuities for all previous employees who are vested but have not yet reached retirement age. The annuities would guarantee the same amount of pension benefit to these employees when they reach retirement age. The annuities can be purchased at a savings, compared to the actuarial requirement should the employees remain in the old Pension Plan. Mr. Van Zile asked permission to purchase the annuities when the rates are in the City's best interest. The savings would stay in the Trust, which would reduce the City's required future contribution to the Plan. 86-08aA MOTION WAS MADE BY COUNCIL MEMBER HUFF, SECONDED BY COUNCIL MEMBER COLE AND UNANIMOUSLY CARRIED TO GRANT FINANCE DIRECTOR VAN ZILE THE AUTHORITY TO PURCHASE THE ANNUITIES AT SOME FUTURE DATES WHEN IT IS DETERMINED THAT THE INTEREST RATES WILL OFFER THE MOST SAVINGS TO THE CITY. JAYCEE BEACH HOUSE City Manager Saunders stated that although the deadline for accepting proposals to operate the Beach House had passed, Mr. Richard Harris had asked to be considered for the operation. It was the consensus of Council that the City should operate the concession on a trial basis for one year. It was further explained that since the City would be operating the Beach House, a method of operation for the concession had been developed which included no counter sales and the utilization of vending machines that would offer soft drinks, snacks and candy. Beach attendants would be hired to open and close the building, stock the vending machines, and make change. They also would be responsible for patrolling the beach area and e e CITY OF CLERMONT MINUTES REGULAR COUNCIL MEETING April 22, 1986" Page -5- keeping the beach, concession area and restrooms clean and orderly. Salaries for the personnel would be approximately $3,200 for the season from Memorial Day to Labor Day. Mr. Saunders explained that the City had no way of accurately projecting income from the vending machines, but based on conversation with vendors who supplied the beach concession last year, revenue should be approxi- mately $2,000 for the season. The vendors would install the machines at no cost, and the City would receive a percentage of the sales from the machines. It was also discussed that the Beach House was in need of repair and some alterations. The following improvements were determined to be needed before the building could open for the season: exterior painting, partition between main room and kitchen area, interior rewiring, install a ceiling, install wall covering (paneling), replace broken windows, replace screens, paint bathrooms and make minor alterations, and perma- nently close the door and windows in kitchen area that have been covered. These repairs would cost approximately $4,000 with payment coming from the Recreation Res~rve Account. Council Member Dupee suggested that the carpet in the building be either cleaned or replaced. 86-089After a brief discussion, A MOTION WAS MADE BY COUNCIL MEMBER DUPEE, SECONDED BY COUNCIL MEMBER HUFF AND UNANIMOUSLY CARRIED TO HAVE THE CITY RUN THE JAYCEE BEACH HOUSE CONCESSION FOR A PERIOD OF ONE YEAR, HIRE THE BEACH ATTENDANTS, AND MAKE THE REPAIRS LISTED ABOVE, PLUS CLEAN OR REPLACE THE CARPET WITH PAYMENT FOR THE REPAIRS AND CARPET COMING FROM THE RECREATION RESERVE ACCOUNT. NEW BUSINESS SOUTH LAKE YMCA LEASE City Manager Saunders reported that the South Lake YMCA wished to exercise the second option tQ renew the lease on their building located at 630 West DeSoto Street with the same terms and monthly rental fee of $101 per month. 86-090After a brief discussion, A MOTION WAS MADE BY COUNCIL MEMBER HUFF, SECONDED BY COUNCIL MEMBER COLE AND UNANIMOUSLY CARRIED TO RENEW THE YMCA'S LEASE OF THE BUILDING LOCATED AT 630 WEST DESOTO STREET WITH THE SAME TERMS AND MONTHLY RENTAL FEE OF $101. HILLSIDE VILLAS CONDOMINIUMS City Manager Saunders presented the following background materials concerning the Hillside Villas Project: In 1983 Initial Capital Outlay, Inc. was granted a Conditional Use Permit to construct a 92 unit condominium project on Grand Highway. Grand Highway sus- tained considerable damage during site work, and erosion of the property is a continuing problem. On March 3, 1986 a letter was sent to Initial Capital Outlay outlining specific improvements and deadlines in order for the project to continue. Although some sporadic work has occurred on the site since then, they have not attempted to meet the majority of the requirements. City Attorney Baird issued a letter dated April 14, 1986 giving five (5) days to comply, but the City had no response. City Manager Saunders continued by stating that Condition 18 of the Conditional Use Permit states th~t if any of the stated conditions e e CITY OF CLERMONT MINUTES REGULAR COUNCIL MEETING April 22, 1986 Page -6-' is violated, the applicant understands and agrees that the City Council may revoke the Conditional Use Permit by Resolution. It was determined that the following conditions were violated: 1. Item #1 of the Development Permit requires construction to be in accordance with approved plans dated 9-11-84. 2. Item #4 of the Development Permit requires all soil and runoff to be retained on site. 3. Item #5 of the Amendment to the CUP granted January 28, 1986, requires a Performance Bond for construction of public improvements if the improvements are not com- plete within 30 days. No representative from Initial Capital Outlay was present to discuss these matters. 86-09hfter a brief discussion, A MOTION WAS MADE BY COUNCIL MEMBER HUFF, SECONDED BY COUNCIL MEMBER TURVILLE AND UNANIMOUSLY CARRIED DIRECT- CITY ATTORNEY BAIRD TO PREPARE THE NECESSARY RESOLUTION TO REVOKE INITIAL CAPITAL OUTLAY, INC. 'S CONDITIONAL USE PERMIT AND TO PLACE THIS MATTER ON THE AGENDA FOR THE NEXT REGULAR COUNCIL MEETING. CRYSTAL LAKE DRIVE It was reported that the City had received a request from Mr. Earnest Smith, the owner of Lots 9 and 10, Block 27, which are located on the south shore of Crystal Lake at the corner of Broome and Fourth Streets to close that portion of Crystal Lake Drive adjacent to his property. Mr. Harlow Middleton, the attorney for Mr. Smith, explained that accord- ing to a survey obtained by his client, the City has built its storm drainage improvement on the Smith property. Mr. Smith has offered to give the City an easement for the storm drain in exchange for the street closing. City Attorney Baird explained that it was the City's opinion that the drain was not located on Mr. Smith's property, and the basis of his argument that it does, stems from an inaccurate survey. Mr. Baird continued by stating that if the property owner 'continues with his present position regarding the easement, the matter will have to be settled in court. City Attorney Baird stated that the only consideration the Council should make is regarding the request to close that portion of Crystal Lake Drive. Council Member Huff pointed out that the City should re- tain this right-of-way for a possible future parallel route to Highway 50. 36-09~ MOTION WAS MADE BY COUNCIL MEMBER HUFF, SECONDED BY COUNCIL MEMBER TURVILLE AND UNANIMOUSLY CARRIED TO DENY THE REQUEST TO CLOSE THAT PORTION OF CRYSTAL LAKE DRIVE ADJACENT TO LOTS 9 AND 10, BLOCK 27. LABOR DAY FIREWORKS DISPLAY It was explained that the City has financially sponsored the Labor Day Fireworks Display at Jaycee Beach for the past two years at a cost of $2,000 each year. The Chamber of Commerce has asked if the City will sponsor the event for the third year. 16-09~ MOTION WAS MADE BY COUNCIL MEMBER COLE, SECONDED BY COUNCIL MEMBER HUFF AND UNANIMOUSLY CARRIED TO SPONSOR THE LABOR DAY FIREWORKS DIS- PLAY AT A COST OF $2,000. e e CITY OF CLERMONT MINUTES REGULAR COUNCIL MEETING , April 22, 1986 Page -7- BID AWARD - FISHING PIER City Manager Saunders reported that the City had received five bids for the construction of the fishing pier at West Beach, and it was recommended that the City award the bid to the low bidder, Randy's Weed and Dock, in the amount of $3,500 for the main 120' section and that a 16' "L" section be added at $30 per lineal foot for a total cost of $3,980. $4,000 had been budgeted for the project. 86-09~ MOTION WAS MADE BY COUNCIL MEMBER COLE, SECONDED BY COUNCIL MEMBER TURVILLE AND UNANIMOUSLY CARRIED TO AWARD THE BID FOR THE CONSTRUCTION OF THE NEW FISHING PIER AT WEST BEACH TO RANDY'S WEED AND DOCK IN THE AMOUNT OF $3,980 FOR THE 120' MAIN SECTION AND A 16' "L" SECTION. RESOLUTION NO. 525 - BID AWARD FOR INTERIM FINANCING It was explained that two bids for interim financing for the sewage treatment plant expansion project had been received. recommended that the City accept the "Proposal B" bid of Sun which offers a a variable interest rate of 65% of Sun Bank's rate and annual payments. It was Bank, N.A. prime 86-095A MOTION WAS MADE BY COUNCIL MEMBER DUPEE, SECONDED BY COUNCIL MEMBER COLE AND UNANIMOUSLY CARRIED BY ROLL CALL VOTE ADOPTING RESOLUTION NO. 525 AWARDING $885,900 OF THE ISSUER'S 1984 WATER AND SEWER REVENUE BOND ANTICIPATION NOTES TO SUN BANK, N.A., CLERMONT, FLORIDA, BEARING INTEREST AT THE RATE LISTED IN ITEM "B" OF THE BID PROPOSAL (EXHIBIT "A"). VOTING WAS AS FOLLOWS: COUNCIL MEMBERS DUPEE, HUFF, TURVILLE AND COLE, AYE AND MAYOR POOL, AYE. THE RESOLUTION WAS READ BY TITLE ONLY. PUBLIC COMMENTS CLERMONT ELEMENTARY SCHOOL Martin Wright of the Clemont Elementary School asked the City's help in curbing vandalism at the school. City Manager Saunders stated that he would meet with Chief Tyndal concerning this matter. CLERMONT GARDEN CLUB Mayor Pool read a letter from the Green Thumb Circle of the Clermont Garden Club asking that consideration be given to not remove the planters from the downtown business area. This matter will be turned over to the Parks and Recreation Board for discussion at a future meeting. There being no further business, the meeting adjourned at 9:10 p.m. ~ //~.-e Ro ert A. Poo , Mayor Attest: ~~~ City Clerk ----.- ----- ( ~. "MORANDUM OF VO.GCONFLICT I FORM 4 I LAST NAME-FIRST NAME-MIDDLE NAME Turville, Harold THE BOARD. COUNCIL, COMMISSION. AUTHORITY. OR COMMITTEE ON WHICH I SERVE IS A UNIT OF: MAILING ADDRESS 150 West Minneola Avenue is CITY e COUNTY e OTHER LOCAL AGENCY eSTATE CITY COUNTY Clermont. FL Lake NAME OF POLITICAL SUBDIVISION OR STATE AGENCY DATE ON WHICH VOTE OCCURRED April 8, 1986 City of Clermont NAME OF BOARD. COUNCIL. COMMISSION. AUTHORITY. OR COMMITTEE Clermont City Council WHO MUST FILE FORM 4 This form is for use by any person serving 'on either an appointed or elected board, council, commission. authority. or committee. whether state or local. and it applies equally to members of advisory and non-advisory bodies who are faced with a voting conflict of interest. As the voting conflict requirements for public officers at the local level differ from the requirements for state officers, this form is divided into two parts: PART A is for use by persons serving on local boards (municipal. county. sp.ecial tax districts. etc.). while PART B is prescribed for all other boards. i.e., those at the state level. PART C ofthe form contains instructions as to when and where this form must be filed. PART A VOTING CONFLICT DISCLOSURE FOR LOCAL PUBLIC OFFICERS [Required by Section 112.3143(3), Florida Statutes (Supp. 1984).] The Code of Ethics for Public Officers and Employees PROHIBITS each municipal, county, and other local public officer FROM VOTING in an official capacity upon any measure which inures to his special private gain. Each local officer also is prohibited from knowingly voting in his official capacity upon any measure which inures to the special gain of any principal (other than a government agency as defined in Section 112.312(2). Florida Statutes) by whom he is retained. In any such case a local public officer must disclose the conflict: . (a) PRIOR TO THE VOTE BEING TAKEN by publicly stating to the assembly the nature of his interest in the matter on which he is abstaining from voting; and (b) WITHIN IS DAYS AFTER THE VOTE OCCURS by describing the nature of his interest as a public record in this part below. NOTE: Commissioners of a Community Redevelopment Agency created or designated pursuant to Section 163.356 or Section 163.357. Florida Statutes (Supp. 1984), or officers ofindepend'ent special tax districts elected on a one-acre. one-vote basis are not prohibited from voting. In such cases, however, the oral and written disclosure of this part must be made. I, the undersigned local public officer, hereby disclose that on (a) I ~rrom votiog on a matter wlUch (chcclc one): - inured to my special private gain; or F /l/fi.. ,19 '8~: _ inured to the special gain of . by'whom J am retained. . CE FORM 4. REV. 10-84 PAGE I - --. ., . . (b) The measure on which I abstained and ~he nature of my Interest in the measure is as follows: ';fe ZOIVIt. <9"1) L,fN.J /~/- '.#-V()I';VS {~.tJ aw/V/i~ ,gy /HY ,4/4?1clJ"AJ 2, ?lr~ut'(C~ ~ S-?'/ ~4-dr /lve'ti<<~ (!Ie/!/KI'A/r; /~~ 1 ;[~ ,/7to~/l? -_.~v~~ Oate Filed ~ Signat re Please see PART C for instructions on when and where to file this form. PART B VOTING CONFLICT DISCLOSURE FOR STATE OFFICERS [Required by Section 112.3143(2), Florida Statutes (Supp. 1984).] Each state public officer is permitted to vote in his official capacity on any matter. However, any state officer who votes in his official capacity upon any measure which inures to his special private gain or the special gain of any principal by whom he is retained is required to disclose the nature of his interest as a public record in Part Bbelow within IS days after the vote occurs. I, the undersigned officer of a state agency, hereby disclose that on . 19 _: (a) I voted on a matter which (check one): - inured to my special private gain; or - inured to the special gain of . by whom I am retained. (b) The measure on which I voted and the nature of my interest in the measure is as follows: Date Filed Signature Please see PART C below for instructions on when and where to file this form. PART C FILING INSTRUCTIONS This memorandum must be filed within fifteen (I S) days following the meeting during which the voting conflict occurred with the person responsible for recording the minutes of the meeting. who shall incorporate the memorandum in the meeting minutes. This form need not be filed merely to indicate the absence of a voting conflict. NOTICE: UNDER PROVISIONS OF FLORIDASTATUTES,111JI7(I98J), AFAILURETO MAKE ANY REQUIRED DISCtOSURE CONSTlTUTES GROUNDS FOR AND MAY BE PUNIS'HED BY ONE OR MORE OF THE FOLLOWING: IMPEACHMENT. REMOVAL OR SUSPENSION FROM OFFICE OR EMPLOYMENT. DEMOTION. REDUCTION IN SALARY. REPRIMAND. OR A CIVIL PENALTY NOT TO EXCEED 55.000. CE FORM 4 . REV, 1,G-84 PAGE 2