06-13-1983 Special Meeting
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CITY OF CLERMONT
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MINUTES
SPECIAL MEETING
June 13, 1983
A Special Meeting of the City Council of the City of Clermont was held
Monday, June 13, 1983 in the City Hall Conference Room. The Meeting was
called to order by Mayor Beals at 1:00 p.m. with the following Council
Members in attendance: Council Member Dupee and Council Member Turville.
Council Members Cole and Pool were absent. Other.City Officials present
were: City Manager Forbes, City Attorney Baird, and Finance Director
Saunders. The Meeting was held pursuant to required public notice.
RESOLUTION NO. 432 - INTERIM FINANCING
Mayor Beals explained that the purpose of the Meeting was to award the bid
for $700,000 in 1982 Water and Sewer Revenue Bond Anticipation Notes. These
notes would be repaid once the bonds are closed on the City's Landspreading
Proj ecL
Finance Director Saunders explained the bid received from the Sun First National
Bank. He stated that Sun Bank's bid on Option One was a fixed rate of 7-7/8%,
with the funds to be on a drawdown basis. Their bid Option Two was a floating
rate of 75% the Prime Rate. Finance Director Saunders recommended the City
accept the Sun Bank bid on Option One of a fixed rate of 7-7/8% on a drawdown
basis.
83-092
After some discussion, A MOTION WAS MADE BY COUNCIL MEMBER TURVILLE, SECONDED
BY COUNCIL MEMBER DUPEE AND UNANIMOUSLY CARRIED BY ROLL CALL VOTE TO ACCEPT
SUN FIRST NATIONAL BANK'S BID FOR OPTION ONE WITH A FIXED RATE OF 7-7/8% WITH
FUNDS TO BE ON A DRAWDOWN BASIS. THE VOTING WAS AS FOLLOWS: COUNCIL MEMBER
TURVILLE, AYE; COUNCIL MEMBER DUPEE, AYE; AND MAYOR BEALS, AYE. READ BY TITLE
ONLY.
RESOLUTION NO. 433
83-093
City Attorney Baird presented Resolution No. 433 to the Council. He explained
that this was an amendment to Resolution No. 394 and in effect was a change in
the definition of Franchise Tax. A MOTION WAS MADE BY COUNCIL MEMBER DUPEE,
SECONDED BY COUNCIL MEMBER TURVILLE, AND UNANIMOUSLY CARRIED BY ROLL. CALL VOTE
TO ADOPT RESOLUTION NO. 433 WHICH AMENDS RESOLUTION NO. 394 BY CHANGING THE
DEFINITION OF FRANCHISE TAX. THE VOTING WAS AS FOLLOWS: COUNCIL MEMBER DUPEE,
AYE; COUNCIL MEMBER TURVILLE, AYE; AND MAYOR BEALS, AYE. THE RESOLUTION WAS
READ BY TITLE ONLY.
SPRAYFIELD SITE
83-094
City Manager Forbes explained that the City needs to purchase the rema~n~ng one-
half interest in the sprayfield property. He requested the Council's direction
to proceed with the purchase of the remaining one-half interest in Tracts 54, 55,
57, 58, 59, 06, 07, and 08 with Capital Improvement Fund Money. The City would
then request reimbursement from Farmers Home Administration. After some discussion,
A MOrION WAS MADE BY COUNCIL MEMBER TURVILLE, SECONDED BY COUNCIL MEMBER DUPEE, AND
UNANIMOUSLY CARRIED TO PROCEED WITH THE PURCHASE OF THE REMAINING ONE-HALF INTEREST
TN TRACTS 54, 55,' 57, 58, 59 , SEC.' 2;1. :r22S, R25EAND, TRACTS, .6.,' 7 , AND 8. SEC..: 28 T22S
R25E':r:,AKE'COUNTY, FLORIDA WITH MONIES FROM THE CITY'S CAPITAL IMPROVEMENT FUND.
The Meeting adjourned at 1:45 p.m.
fJL..L. 13. Ru..-L
CHARLES B. BEALS, MAYOR
ATTEST:
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Way Saunders, City Clerk