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MaN .AtSno~luaun pessad uot~ntose.r et{~ 'e~oA a o~ q.nd uet{M Minutes of Council Meeting May 9, 1938. page 2. M~ort Brown's report was read, in which he suggested that Seventh Street between Montrose and Desoto Streets needed better lighting at night, also that the 2" water line should be extended at Lincoln Park to accommodate five new houses being built there. The Marshalls report and Street Sup;t'erintendents reports were read and ordered filed. ~ .., Mr. L.K.Ledoux and ~~r. :",. .B. Chesterfield, representing the Clermont Tennis Club, asked the Council for assistance in lighting the Tennis Courts for night play. Mr. Robinson made a motion thaE?the c~mw-it~ donate $50.00 to the ~ennis Club to help pay for 1the material for this job. The motion ~as seconded by Mr. Johnson, and when put to a vote, carried. , Mr. John ?arke appeared before the Council and stated that he and nine other property owners wanted a Fire plug at the corner of Osceola and Fifth ~treets, and were willing to put up the money neeeasary to have it installed; the City to refUL~d the amount without interest by furnishing water free to these users llntil the amount of water consumed, if charged at the regular rate, would,equal the sum of money put up by each of these use~s. Names of property owners wanting Ti'ire plug- J.T-T.Parke" C.W.Broomall, Mrs. W.L.Pruett, r,~rs. ,Tas. :H'oulke, Geo. Foulk, D. M. Lochner, Edna Barnhart, D.A.Gaines, Don Smith, and Mrs. Louise Mountfort. Mr.Lassiter made a motion that a 6" main be put in along Fifth Street from lIilt~r~~f Minneola Ave. to Osceola Street and a Fire Hydrant placed at the northwest corner of Kehlor Park; the abcve ~named pro~rty owners to put up the money necessary without interest, to be refunded as stated above.' Mr. Robinson seconded the motion, and when put to a vote, the motion carried. r1~. Leedy, of the Leedy :~~eeler Co. was present, a~d ~ r'~r. Westbrook explained changeS. in the debt settlo;nent agreement. After discussion 613 these points 't1y the members , of t.he r,ouncil and Mr. Leedy, Mr. Robinson made a motion \ that the Mayor and City r,lerk be authorized to execute the ~ agreerJGn t on behalf of the Ci ty, l!G{NXXXKXJO!l:f:{Xfiln~t~~:xxK /' / ~~!I~t , and that an election be called to vote on the I proposed settlement. Mr. Lassiter seconded the motion, i and wh8n the roll was called, the vote was as follows: AYES2 Johnspn, Keene, Lassiter, Robinson, Roe. \ NOES- None. So the motion was passed. A copy of the ~greemen't is attached to the minutes of this meeting. i - ---......... Vr. Robinson made a. motion, which was seconded by Mr. Roe, an d carried, that $AO.OO be donated by the City towar'd the fl.".n'3ral expenses of W. M. Davenport, former Mayor of the City. 1'..'1'. Lassiter moved that $50.00 be donated by tho City toward the fl.mer-al expenses of Rev. A.H.Hancock. The motion was seconded by Mr. Johnson, and when put to a vote, carrie~. A petition signed by twenty three people in Clermont about "Portable Amusements" was read, but no action was ta1l':(,}n. ~ ~ The report of the A.B.C. Co~mittee, who had charge of the building and recreation facilities in Kehlor Park, was read and ordered filed. :'j A letter from Mr. W.e.Mitchell asking for a fire hydrant at the intersection of Anderson Street and Minne- haha Ave. was read, and ordered filed. Mr. Roe made a motion which was seconded bv Mr. Lassiter, that A.M. Johnson be re-appointed on the Recreation Board for a tern of five years, his present appointmBnt expiring June 1st, 1938. rHWUTES OF COUNCIL ~.~EETING MAY 9, 1938 page 3. M~. Roe made a motion, seconded by Mr. Robinson, and carried9 that E. T. Brantly's offer to change the swicth on. the fire siren so that it would operate safely, be . accepted; the cost of all labor and matel'ial to be $14QOO ~ ,., It was moved, seconded a~&arI'ied tha.t C .IL Willard be p8id $5.00. for survey work~in estimating dirt to be moved in a \"!?A project applied for.by the City., Mr. Johnson made a motion that the overhead light at the intersection of Seventh abd DeSoto Streets, be again connected to the Street ligbt system in order to have better light on Seventh Strr>eet just South of Montrose Street. The motion was seconded by Mr. Lassiter and when, put to a vote, carried. Mr. Johnson moved that Mr. Robinson be appointed in place of Mr. Roe to assist Mayor Brown with the WPA projects. 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JO lunolUu iJljl 01 lunbiJ 1unolllu IIU U! silWN xU,L lUiJnb -u!liJa JO il;)UUnSS! iJlj1 hq papunJiJ.l aq 1l1ll{S 'S861 'I hlnr anp puu 01. dn piJn.l;);)u spuoq .llU!pUll1Slno h(lUilSiJ,ld al{l uo lsil.lalu! p!udun lIu l11I{J, (E) . ^qil,l<ll{ pilpunJa.l ssau , ~ t-, (a) in the annual budget to be pre- pared and made in the l!Ji38-HI:3!) and each of the sueceeding five fiscal years, there shall be ineluded a specifIc ad valorem tax levied upon the ex- tended and fInally equalized valuation of all taxable property of the Cit~' for the Interest and Sinking Fund for re- funding bonds whieh \\'ill aggregate annually not less than the amounts show in the following schedules: 19:38-1 H:39 ________________...:____._____ $12,000.00 I !l:3H- HJ40 __________, _______ _________ $14,000,00 1 !140-1H41 '___________________________ 814,000,00 ] D41-1 !)42 __. ._______________ _________814,000.00 1!)42-1!Hi3 .. _________ ________________..,$20,UOO.00 IH43-1DH _____________..._.._______ $20,000.UO (h) In the 1!),i4-1!l45 and succeed- ing fiscal years in which any of the refunding' bonds remain outstandlllg the City shall levy an annual tax SIW- cificallv allocated to the interest and sinking fund for refunding bonds in an amount sufficient to promptly care 1'01' necessary interest requirements and in addition thereto an amount for sinking fund purposes sufficient to Pl'oduce a minimum of two per cen- tum (2%) of the total amount of the then outstanding refunding bonds. In determining the rate of tax necessary for these purposes the average per- centage of collectibility of taxes dur- ing' the thl'ee years immediately pre- ceding shall be deemed to he the per- centag'e of collectibility of taxes for the fiscal year then being levied fol'. (e) A II tax levies to be made 1'01' the payment of principal and interest on the refunding bonds shall constitute special levies for the particular pur- poses for which they are imposed. Such tax levies, while constituting special levies, shall be collected ifl cash at the samc time and in the sam~ manner as other taxes which may be levil"l bv the City,' . (:1) ~(hat at ailY time there exi~ts in t.he Interest and Sinking Fund a balance of $5.000 01' mOI'p over and above the amount necessary to dis- chal'ge the next succeeding interest coupon, the City shall disburse such halance by eithcl' the purchase Ui' cal! of refunding' bonds. In the event the option of purchase of refunding bonds is u;:<ed, it shall be exercised in the following manner: Thl! City shall designllte a date, which shall not be less than thirt.v (;30) days nor more than foJ't:~'-fivc (.15) days :from the ti me said da tc is designated, at which time it will re- ceive scaled tenders of bonds of the rcfunding: issue, and act upon su<.:h tenders in open session. Upon de- te!'mining said date, Lhe Cit~, shall notify the Fiscal Agent and any bond- - 2- hulders so requesting notice of the Lime and place of receiving- such ten- ders. Notice shall also be published once at least thirty (30) days before said time in at least two (2) newspa- pers having general cil'culation in the locality wherein they are published, one of which newspapers shall he printed in Lake County, Florida, and the other in the City of New York, 1'\. Y. The entire avilable fund fOI' retirement of the bonds shall be used to purchase bonds offered at the low- est prices; provided, howevej', that If said offers are not satisfactory to the City, the Cit~, shall have the right to reject said offers and thereafter wit.h- in ninety (~)Q) days, readvertise for offers as hen,in-above set forth. ff no satisfactory offel's at less than pal' are received as a result of the second advertising, the City shall then re- jeet all olfers and proceed tll call I)(JIlds as hereinbelow set out. In the event the option of call of refunding' bonds. is uSl',d, it shall be exercised ill t.he following- manner: Bonds shall be called on al1Y int.erest payment date, and shall be called by lot. Notice of int.ention to call shall be filed at the place of Jla~'ment of principal and in- terest at least sixty ((;0) days prior to call date. Notice shall also be pub- lished in at least two uewspapers or general ci I'culation in the loealitv \vherein they are published, one 0'1' which newspapers shall be printed in Lake County, Florida, and the other in the City of 1'\ew York, N. Y., said notice appearing once a \\;eek fOI; fuur consecutive calendar weeks, the daLe of fir~t appearance to be at least six- ty (GO) days prior to the date fixed for call. (G) That anticipated collections of delinquent taxes will not be considered as revenue available for tlw pa~'ment of the principal or interest of the re- funding bonds in preparing the bud- get of the Cit~., 01' in fixing the tax levy for <iny fiscal ~'ear prior to 1~i4:)- 1 P4,I and the City will pay all moneys received by it. through the coll!>ctio~1 nf JelinqucnL tnxe:3 to tlH~ PU;'Pll~0 ft)i which they \\'el'e levied 01' are pledged hel'eb\". (7)'That the City shall activelv and rliligimtly enforce the collection of all taxes and special assesslllent~ here- tofore and hereaftel' levied and shall require' all such taxes and special a~- sessment:s to be paid in ca;;h; PHO- VIDI~D HOWEVER that the payment of delinquent taxeS for the year I~I:W und priol' yea']'s and outstanding spe- cial assessment liens shall be per- mi tted as follo\\'s: 5');. of payment-in cash, I1lIilIIIlIiI.o -, :'--- ....... .~_... -~ --' - '[!JUlll)8 aq. JO JJUaSa,le! U! ;)q [[1:4; 1;l)!plL,qsap lpns pUll :l!JUI10;) Al!J <lIp ,(q paz!.1041nP. 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