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06-20-1950 Regular Meeting -~ --~.. - MINUTES OF THE REGULAR ADJOURNED MEETING OF THE CITY COUNCIL held at the City Hall, Tuesday June 20, 1950 Me9b~ngyealled to order ?:30 P M by Vioe President E G Winston. Also present R ~ Castner, W H MoQuistion, C R Reid oounoilmen. ayar protem A M JOhnson, Ma70r Williams visiting, Marshall Anddrson, Atty Morse, Engineer Zelazo, Fire Chief Sheldon, Tax Assessor F S Bliven and J B Fullwood. Moved by Mr Reid, seoonded by Mr MoQuistiQn to authorize purohase items requeste~ for Polioe Dept. motion oarried. Moved by Mr Castner street oommittee be impowered to purohase and plaoe neoessary signs for truok route. Seoonded by Mr MoQuistion, motion oarried. Mr Wiley from Howey, offered a program making organic fertilizer out of City waste at $1.50 per tom for the starter. Counoil to let Mr Wiley know, should it be deoided on. Mayor report. Mr Johnson suggested oounoil oonsider heat for City Hall and the jails. Mayor reoommended having three men on polioe duty Sat nights. Moved by Mr Reid that C W Brooks be hired at '25.00 per week until the first of 1951, and unif.orm purohased not to eKoeed J50.00. Seoonded by Mr MoQuistionmotion oarried. , Moved by Mr Castner, en~~neer purohase two tires from E C Pemberton for $96.34 . JMotion oarried. Moved by Mr Castner laborers of the_City be given one week vaoation with pay. Seoonded by Mr Reid, motion oarried. Moved by Mr Reid attorney be 'authorized to draw a draft on the Citizens Bank of Glermont to buy in the old $1000.00 Bond with ooupons. Sedonded by Mr Castner, motion oarried. Mr Morse asked oounoil if it would be possible to have an Audit of the City ~eoords for the Bond Issue. . This was agreed on if at no additional oost. Moved by Mr Castner that $500.00 be given South Lake memorial Hospital, seoonded. by Mr Reid motion oarried. Moved by Mr Castner Oity purohase new looseleaf binders and forms for Tax Roll not to exoeed $2?5.00, from SouDhern Offioe Equipment, Lakeland. Seoonded by Mr MoQuistion, motion oarried. Moved by Mr Reid that DeSoto St be "Through Street" from 5th to 12th. Seoonded by Mr Eastner, motion oarried. Moved by Mr Castner, seoonded by Mr MoQuistion meeting adjour~. Vioe President or the City Oounoil ~ j~ ~ :. . t-./ _' ,1tLot..urION Cf" nIt CITY (Jf CU.:rll~~1ff IN Ll\.KiCOJNTY I t"LOH!D\ ,t\t1~ltofU2ItC nn' HJ:FUVIlU OF nm CITY'S Ci\.;7'ST.lUCIJ<<.7i [1::1f.aD 11l1JfH'Jn:r'U['.i, AS Rt i,jm~SIiJJ1"m) bY CUhHfJ(l RLPTJt4)!f<<,'; B':tb"; ~)I\n:() ~"'~ 1, l_..L..NICWE -!Jl Y 1, 1969.L nv _ nm I!~.~.UAICt fA' ~)34Q.000..uu HE..J:UPI)... '. NO TV";f'1)S M~O JAfIJAJW 1, 19&1. 'Hr:RfAS, the City of 01 flJr.fZ] tnt, a i.....wu.I"-'l c;ozpo.t.t1Oh in Lak& County, Plocichl# hat an MauJ'td.&.ng ..,.811d bonded irldebt'~. of ap,)zo:d.ma-tely 5342,000.00 .. h1p....ted by :refunding bonds dated JUly 1, 1939, w.lth p%1~ d~ JUly 1, lt69~ ca11~le t.Jp<<l 30 deye noU... on aftV1nt..... pI~ 4ft" .t par and int..tit. DOW beaX'lng lnt.e~nt at the rat. of . to ~ly 1, 19':'/1, and th8n $~ to July 1, 19M. aM t"*t .. .. JUly 1, 1959, and thetl4I1:: to J'u.ly 1.. 1964., and then . to :Ally 1,. 19691 end, '. HEHt.:AS, cft~:~ ckM ~.... by the .1 ty oouncl1 ofth. a ty of Cle~ 1 t h38 b~(!n dnG-_* that &a1O bonft w111 DhoJrtly #4Tes bee J.ntezo",,~ ~ --. zeta the CIty in its p..sont 1~-'~,rov_ condl 'tton 1. eAt1 t 1eet to, and, ~~liPN~, ..rte% unful t!!WtIr .net ".....!d.z:. tioA of a pzoopc-.ed plan of zofffUAlUng th. ;1Z'MGnt va11ft boDded ind..,..... of the City qf c.t..%ftWtt 3. pze""..a to thJ.e CounCl by _., E ,to C,. ...dlll foe and in behalf 01 Dt, J. V'8nlnge ~av Inc. end Ph.t 5ecud""" 'C0m- pany of ~n..., Inc., t t 1. deteand.n8d that the p.ledl!t out_tend1ng bonded 1~edneeG of Mid ciW __ t:eNnded a. of .J....ay 1, 1951, . by the- 1",uanee of rotundtno bOnd,.,. u the palnc1pltl ....7Uftt of 51DOO.,00 b...:r:lng a cont'bnt me fit !rrteft'at et . pu IU1IWIQ par- able Mmi.........l1.,.' and, that by the sotundlftg of s.td boncla at u$d c'mtbnt Inter..t zeta a c:on.1desablo owu*11 saving tIIlOUld be elf..... IIh1Cb would be most !a".~ and ben!Oftetal to th. City of Clentont end Its ta""'$ and; ~~Hl!; t.~, afte% due cona.tda,.tw 1 t 1, now dete-.1ned 'tUt 1 t would ~ to tM bon 1nt~n,ts of the City of ca~nt and it. ta.- payer. that the refunding plan as npna.Mdby tM _g&'eement Pft8enUd to till. c.t.ty by t-..b4t .aU ~.If [. C~ ...... a eopy of .aid .gs~~n' bo1.. found 1r.r1ld1at.ly follGwtng thi. ""lutlon and ;.r,a,':e ft part heftCl.f .. L_. a '-.~j fully and "t la:rge set forth he.ela. should be.f.t's'>>d1ate1y ~n'teJ:''' into by the ..SA City t)f C1~ and th. B. 3. Von topn c:ortt)6ny Inc. and;:1x$t Secwlt1ee '~ of Ka....f .tftC.; thc~.fOft. nr. IT ilrDOLVEI> by theC1ty Couho11 of th. City of Clezml,nt thnt the .g%'C'.....t .e PJ:~&~ to the CIty by 1AJ:. E. C. Hodgo foe and In behalf of B. J. V~n IngeR ~ny, Inc. land Funt ~;ecwd:tl.. ~.ny <;f Kenne, Inc., .. capy of tAhiah lti'1".lIdi~telyfoll.. t.ho.. !":11nut:e., be fozthwi tb end f..JY.tl. ~"'_ly .~ l->y thG, .Mayox of the City ':Jf'C1.JmOnt 3M .~tMted to Ly thtt City C1.x~ and that the .yos, Cl'ty Cluk. Clty AttoZIW/ 'ndthle City CbUnO!l do in acco~ w1th $aid .tIn~ peaform each a.nd fINery act .th13t may bo found nMMSUY in cader to cCJn1'llne and put Into effect tIM refundlng at outl.intMI .to said agr-.nt., . . . . . . . . . . . . . . . . . . . . PA~;f;JD by the CIty Couoc:l1 at its %....10 mefttng heW 1n , th. City Ha: 1 Oft th. 6th day of June" A.D., 19!Kt. ..,~~", .... y , .Z' ~~ - . . .. . . . .. . . . tl . . ... .. .. 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VJ40 .tt,"i'i- ,Zo,J tt" .10 hIq 'a'U"ft.l<<l1- ....~....ISV '1-en ~l.mP 'A'ftI ...."tt"tJ!~ "4..t -/41:) ~ ~ ~ou plN l.l~ .....r-=t. D+ M\.IOft tt. .puoq klp~~no JO ..to'P1(>'4 .~ pew 1.I8~l11l'.~ ~ ~ ~.t:II~"" _~ ~~r."" ...t .. ~lJO.Id ;;:tt'.~ ..puorr Jtu11JQ1'l,JlltI .fC enl:t-;: M1( IM{\ 10 ~01111 t1MIloul- tWlbe n oIOJ ...~ dnqa- ,mt ltf~ 2tI!~r;Q l)\fl ~q_.. o~ ~,:U. ;.eq iIP'(~ HTi o~ MotJ. ....~ "{.I. ,/ tr (:it:v or ...lenmrlt, .f'lor1da ~:e a. ". (EXC1.AW;; ,3 - Cl'ntl!NtMl) T 1T \':$t'oAldm: ~~(:ndrt of the :_ 1..;'10 at t~.1r 0WIl protlt or 10", tU'.)d shall .t\t)t ~ ~..d 'tl' haft .rtooted "'>1)'" .\JOh tnnaaetloal ... ~ -or tl"'.J1teM of' the City ~' ~ of thia Apr....". It 1. ~ that tM i~er. aro tl} 'u. th. volu.1.... A.r;ent ot the City 1n .ttact1Dt~ f;D.y auoh _ohaagu. li'UHLlC St1.U . 1_. J It ,18 the izataatlon ot tho. ;cankwl. prcrriding ... are bOt .~ 1....,. or 1~i).(!I ;,., !DeY uarat does .t chant... _tart.lIT _ ...8O,JIlt of U1y UIlt....-d "'P"" ~. to ~te thl. RAttw:MllDC 1Jl1ta aat1rny cluring the 111'. 0;[' tht. a~, but on aooOWlt ot the ~ wor1. OODtlltloDII at th. tlCDmt, t.n. .to11awi n:' !)l'ovl.101l. 1. ~ .. !:&rt of th1. A'......u1;.. ::11 or bei'o,.. Jul)' 1. 1'&1. after due oonal4el'atlOD hd bMD .biv- to a.ny -~';es to De __ or oomalttAc:l to lA..... oa11abll.lty of Uw IlOnU to be r<otl.&Ddud. ooMit1oaa or t:lw t!lN'lcet. aDd Mf ot..bN' pertiMDt ~J'~. "tho jj--- *'-:' tutn.. tn. City forty-tift (U) "ya prior to t.n. lnterellt pIl:..."t or call dtf.'t 8 of: ~r 1, 1\l51,. .. Ju1.y 1. 1811. to ott.r at pubUe _Ie &::-.y or all or tJae Rett.amlng &aie of the J~_ I.~ .. ar. 1IO't _"~Itpd or ... a1"" to be ........ 'flw Cit). wUl bo1cl .uoh pu.b11o 1&1e CD the date .,..1. ft_ by tho ~ &lid _11 ...... ~ ~. ~t 1;0 .. p.l\tU.. alAt t<<t the bid... 4v or~ 1;0 pay the hlgbHt pri.. tl*"et... ..40thent1.. 0C*p1J'1Dt: ,lith &11 -':,hQ t..... and OOIMlitlODa ot' ale a. _y be 4nera1Md 111 t.hlt 'l.om1_ aDd thct j\lClgmant of the City. GIlA li4tr!' ,;J.l bID - . Upon adri.oe trc. tM 1-.nD1"8 to held the 1*'bU..o Ml.. 1a ..oOO~ wi 1m tJ.. a~.. the ~r. apoM that at 't~ IN'bU.. lale' ., the Ret"und1llg r:Cmd. 0.1' tl. IW Ia&J\llt, belel pUl".....t to the t... ot \hi. Att......cdl, tbq will nbdt & bid and obllr,e.te thlUelw. to ~,..11 eueh 'boD4e A' _~f be orr.,. to'l' .1e" at not 1... thNa '8;0.00 aDd &OOI'\WId bUnat per '1.000.,00 pr1Dalpa1 MDilnt of banda tor a toW of 1160,000.00 prlDolpal uount 1>1" euob boad.t or tutr Iolleer ~unt tl'at My' be otr0n4 .tor P'lb11e _le. The lank.rl acr" to b'.d not 1... tl'!.Ul tl"OOO.OO azv! acoru.4 tnteren per $l.000.(JO pr1_1pa1 aaount o1~ bi:md. that c~,: to publio .1. 1:0.,. ~ ..aunt ot 'boDd. 1a. .... ot El50.000tlOO priMlpa.l IUnOI../J'tt. '1'bI l'.aJ\kv.t t'~ 1>> bid. tor t."l. ...i4 ;i_ ;.tun'linr. fiends :W;l tne exchan;':;G at 1-.;004. um.r tel. opt1oa pnrr1" Ia WI ~t sball bt .o~I:iJoe.t to th. l~\alltled fl_1 11;. rovlnc op1a1on of ..leeted ationall)'l4mowu 1IW'11.1pal batxt ..tto~. that t',. ~_ HetuDdlng t<md. .... ftl1d. haft all OODtract 1"1r.bta a. to Beourl<ty. 'ta~l~ power. oblle;atiOlUJ for p&)WInt l!l.l':d all 1"el:!'IOd:L.. for cU'or~ ... to :Lndo~.. N.t\u1ded t.rebyJ tllat upoo _UnI"Y of aid ;_ ;~eJ:_lnc ..30nd_. the~.. .111 Qjoy the ... tu-__pt .t&~U8 t.ney wt'l".llll:lAve CJXl.. joye<l if' V.uy he.d bMn d.l1....red /4U OJ tl:e date tho~. i'~~ ~,.~ - - ~'t) reUlb:';l"l'iG t;e .t,ojnl'.'OJ"' for the expenaee they rill incur herewalor and to OOIftpen"'t0 tit. for their ....'rioe. he.NWlt.h I'UId in conalcl....tlO1l oJ: th4t:lr ,;\W""Al\t.M 'to \)16. ou I.':F-4ch;~ond. A' ~~o w pul:lU,e alil UDd... ooarll'tl0Da outlined a.bo'.. .thct Cl't,y will .-:r to ~h4 liank.r. 'thre. poroent <.) oJ: the pr1Dolpa1 MQ~UIt of tlMl ,..t',m'/ ttt;'iOI'ld. 01.' thll."" Ia,". exa.hal\ged, MId t.hr.. pwoent (&,;:) ~)r the . - r City of {;l\'trraa~. Florida fa{~ 4. (i'!!:~S - cont.inued) - principal _ou.nt of ~h. n"ltUDd1nf: Bonda or tbl ... I..~ t.bat -r Le sold at pwbl1c HJ.e iWreWIder. n&&rdlo.. or wheth... t.he ~lI". GI' othera Lay be tb.. purehuen t',anot. Ji..oh p&.~a an \0 be __ bJ the City (.1.... t'uDd. othor than the prooe." 01' the ale of ntwI41l1g oODlla of the ~_ 11....) ~ t1M 'te t1M u ......... _y be 00IIP1eW. 1A bl00ka of Mt 1... ... '11..000, iJDNSately a.tMI' ~ ...,leU_ of arq .xobM,...... an4 ~1at4J1y lIftv or .i.-altaMoualy If'ltol1 'the del1'"'7 of the Ratuadlnt; iindt of .~ ~ r,. t.eue pur.\W'lt to tJw pub11. ale. t'};('j. F.\I'!'it c-:~,CK . To n1.d.~ tbe fiood Falth or the ~1Iwa &at to ..~ 'hi ....bat..loa ot .. b14 1n u~ with the t...... hwMt tor any htuDd1nc EoIIla fd the Hew r.eue that 87 '- olt... tOt" u.1.. the ~ will depoalt w1t.~ ~ha C1tj' ita C.nifte4 Choek 01' a bank CuMwte QMk :La _ --' ~_1 to . ot the totsa1 __ of the ReluBd1llc fioacI. of ,be litw II.. .. .... on..... tor Rle. Th1. ohDOk .tall be ~ W the hD1cItn- ~1ately after the ale 1t the ~. an not the .uo....rut b14d.... .. ap!U. to t!w i'urchue priM If 'they an tbe ~aahl bid__. 01'. 1a t.v ....., of the failure of the 0aDk.... W aula1t .. bid u ..ta pnMri.... to be nklD14 ~ the City u fUll aztd Uqu1dat.K __".. t.. INGh tallun. iC;Jili,'t"U. L l "i'hia Acre_lilt aM.1.1 expire on tbe ~ ~ of.Juq. lNl. uat... __ te1IdeII tor & 10Deer ptlriod bJ Dl~ ~'_'b of tlte C1'Y aDd tbo lUkwa. IH"lIT}r.-:;:lS?I'~;W.oJi'. ~ pt.rti.. .ha'n ~ec1 thi. J..gre I II '" ... of the da '.~. ..bow aet forth. B. J. VAl Ii:;(;J~ I.: CO. Iao. Gt:1- FIRSt Sts.CUllITIES C~;t6PANY OJ' J:.itw.sAS INCORPORAtF.D ~ IT f~y ~ . r << .ti. . t, 1910. B. .J~ Va b~ ,~ eo. 1_. T' ~l 01' C l'....y ;.; BY Cl"l,m....; :>< T"'t"D '1~lth --..) .' ,In 4 ;,.-~ .... '_"!.',J \" ~ * 7Y1 ~J~ .. ;~. 'n. \,:. T " i 01&. ~Q ~ '={- -y--y, ~ ~ Clt::r Att:oraq- ...r e e '. $335,000 GITY CF ClliRMCNT, FLORIDA 3 % Refunding Bonds Dated July 1, 1950, Due July let as belOW' Interest Rate. Bonds maturing 1952 through 1969 bear interest at the rate of 3% to :maturity. Due Prin. Bonds Int. Rate Annual Debt Service JulJ' 1 Amount Outstanding 3% Interest Reserve Average $24,344_ 1950 335 3% 1951 335 If ($10,,050) $10,000 1952 $15,000 320 " 10,050) 1953 15,000 305 " 9,600 1954 15,000 290 " 9,150 1955 16,000 274 tf 8,700 1956 16,000 258 " 8,220 1957 17,000 241 If 7,740 1958 17,000 22k n 7,230 1959 18,,000 206 " ~,720 1960 18,000 188 " 6,180 1961 19,000 169 " 5.t640 1962 19 ,000 150 " 5,070 196.3 20 ,000 130 " 4,500 1964 20 ,000 110 If 3,900 1965 20 ,000 90 " 3,.300 1966 20 ,000 70 n 2,700 1967 **20,000 50 " 2,100 1968 **20,000 .30 " 1,.500 1969 *30,000 0 3% 900 $335,000 $103,200 *Calla ble 7/1/55 to 7 /1/6~ e 102 7/1/65 to 7/1/68 @ 101 HCa11.able 7/1/60 to 7/1/65 @ 102 7/1165 before maturity @ 101 ~ '.l ",r Bills to be 'appno'i.r>e-d a't June 6, 1950. meeting of City :€m Council J .A Fulwood Joe Austin G W Cadwell J .A Adams R B Stanley R 1.1 :Morr.is Hac k Henry Williams John Dingle C RS,hewey J B Fulwood. Joe Austin G W Gad.we 11 'J .A. Ada.ms R B stanley Jonn Dingle R M Morris :Mack Henry Williams S L Ze1azo M H Barnes Re tha Anderson R F Ani e!t\ l!J) n Lee L LeViner John Cunningham ,Hunnicutt & Associates J B F:ul1wood Joe Aus.tin .G W Ca.dwe 11 J A Adams R B Stanley John Dingle R M Morrie Mack Henry Williams Pearl Cullen ,Transfer to General Fund J B Fullwood.' Joe Austin G W Cadwell J A Adams R,B Stanley John Dingle R M Mar r i s Mack Henry Williams lake C League of Mun Stephen l Z~lazo :M H Barnee R F Anderson Lee L LeVin~t' I F Morse Retha .AmersoIl John Cunningham F S Blivs.q. ~".' She],!1 on., t:ir~ cl;1,aef W If' 1(6 Q;uJ>st' io n' . iI B F:u..J:lwood Joe A'us tin GW CadwelR ., '01" , J A .Ad~m6,' R B Stanley" .fohn Dingle:' R M Morris l~ack Henry Wi11iaros Bra.n1.1ey ,Elee" . Cash:.. ~.fe tty i tlUlS C1erwont. Fire ,'p.ept \' Clerm'o'nt'Hdwe " Eustis I'il.otor .co Finley's Mun Su.p Florida Power 'CQrll' Florida Te 1 Corp Judy's Serv Sta Layne Xt1ant ic narry :E I.6u Vim P McDonald Corp o K Ice Co Santer Bldrs Sup She 1d on 1I0:Dor Co .Standard Ci1 Traffic Signs Engineers '.f: . -'~ ,~~ ':;"---. :;:.- ~?':..~ " 'I . 8CJ75 6 7 8 9 8080 1 2 :; 4 5 6 7 8 9 8090 1 2 3 4 5 6 7 8 9 8100 1 2 3 ,4 .5 6 7 8 9 8110 1 2. 3 4 5 6 7 8 9 '8120 1 2 3 4 . . 9, . 6',. , . '(, , a 9 . ~ .' 8 too < J. '2 ,', a ~ 5 6 ..7 - 8..; ,"9 '. "'8140 1 2 :3 4 Q 6 7 8 '9 8150 1 \' \ 42.00 39.70 32.55 38.25 32.55 33.75 33 .7 5 33.75r:. 60.00 42..00 39.70 32.55 38.25 :32.55 33.75 33.75 33 .7'5 l'18.pO 8"9.10 14.00 93 .7 5 52.50 48.00 2000.00 42.00 39.70 32.55 38.25 :32.55 3:3~.7'5 33 .75 33.75n :3.49 3000.00 42.00 39.70 32..55 38.?5 32.5~ 33.75 33.75 33.75 3.00 118.60 89 . 10 93.75 82.80 50.00 10.00 42 .00 2'5..QO 25;'00 25.00 42100 39.70 32.55 38.25 32 . ~5 U) to t'-- co Q) 0 r-I 33,.75 ~ .~ 33 .7 5 co co 33 .7 5 2.00 !':I 11.34, p. 12.. 008 g. ~ ~ 2 25 tI) ~ s:: . r-I 0 CD 8.79 ...-lO'lfl)=a H..... 237 23 0, H.rcl (]) C) . ' <D r-I <D r-I P:: 432 54' <D rcl <D rcl b fI) 2 4 · 00 +:> r-I ~rl ...-l 0 s:: +:> . (1j 'rllZi r-IO s:: 16 08 +:>:j a tl.l~H · 7.l' r:Q P (1j 29 24 'H ~ 013 CH · (j) H l7) <D <I> 0 19 .34 bD (j) <D. r-I E-i <D 51 70 s:: bD~ H CH. . t1:l s:I 0 '''; <D r-I'r-1 5.00 H m +:>"q"q 0 0 2 7 .48 0 Cf.) Cf.) ill: E-i e= 0 4.10 147 .13 57.39 r-I tf) Q') 0 tOc~. 0 ...tt co t'-- 0 0 t'-- 0 . .. .. . '... . '>tl U) tt) r-I ti:> co C\:l Q) C\1 r-I '>tl 0 r-I C\:l . ~-.,...~'~. ,<:";'.;.:_~..,. .\~, ~..~, ''''-'~ .,'..: ----'--". ~: