No preview available
10-16-1928 Regular Meeting ~ ~ MIlIDTES REGULAR ADJOURNED MEETING CLERMONT- CITY COUNCIL HELD AT THE CITY HALL OCTOBER 16th,1928 Meeting' oalled to order at Eight O'Clook by President Maves. Counoilmen present, Tabor, Simms, Mills, and Westbrook and Mayor MoKinney. Mr. Maves announoed that the purpose of the meeting was h- for disoussion of the manner in whioh to prooeed in the oolLeo~~ of delinguent street paving assessments. After omnside able disoussion, it was moved by Mr. Simms that the following resolution be adopted; . '~VF~REAS, Tho City of Clermont has oblieations in the form of Special Paving Assessment Bonds and intorest thereon which mature in the Calendar ye~r 1929 a~mounting to $127,320.00; and ~VHEREAS, the present amount of delinquent paving assess- ments and snrued interest on same due to the. City pf Cl~rmont from property assessed under the above Special Paving Bond issues is the sum of $202,083.00; and ~niEREAS, the proper authorities of the City of Ulermont have caused to be issued and sold within the past two years, \ ~;199,000 000 in itefunding Bonds, the proce:.;ds of rfhich \"lere used to moet the payments on principal and interest on Assessment Bonds, and thus avoid a default in the payment of such indebted- ness; and ~lliEREAS, in the opinion of the City Council, it is un~ise to issue more refundinb bonds at this time; and .~ ~ ~HEREAS, it is imperitive that the above ~entioned obliga- tions be met with funds now due the City of Clermont from pro- perty o\mers ~-lho are delinquent in their payments; and TIlillREAS, it has been represented to tho City COlxnci+- that numerous property ovmors are unable to pay the principal of the delinquent assessments, ar..d that they "1ill be unable to pay such assesaments unless the principal thereof is extended over a longer ~eriod of yeurs; and -,IfICHEAS, it is the desire of the City Cou.ncil to take such steps as are for the best interests of all of the citizens of t~e City of Clermont, without injustice or discrimination; ~1d after full consideration the Council is of the opinion that hhe best interests of the City will be served by per.mitting such property owners as are unable to pay the installments ~ principal on paving aSSeSSjMmts, as the sw.:e are now' pa~rable, to ,ay such ~ ~ assessments over a longer period of yoars; and to likewise provide that such property O'.lners r/1'1o desire to do so lr.ay continue to pay such ass6asments under the method now in effect, therefore BE IT !tBSOLVE.D that each O\"/Iler of property in the'City of 01er.mont, ag~inst which paving assessments are now outstand- inB, be forthwith advised that on and befo~e December 20th 1028, all property ag~inst which special paving assessments are levied, must be brought out of the delinquent class~fication under one of the following plans: Plan 1: By the payment of all delinquent installments or both principal and interest prior to December 20th 1~28, and a continuance thereafter of payments of one-tenth of the total assessment each year, being the sume plan as has been in effect heretofore. Plan 2: By the payment of all delinquent interest on or before December 20, 1928; and the payment of inter0st thereafter on A~ril l~t and October 1st of each year; and the payment of the principal thereafter in accordance with the following schedule; the firs~ installment of principal to fall due three years from January 1st :1.929, and the last installment of principal to fall due not later than 20 years from said date, the proportion of such principal to ~ature each year during the 20 year period to be worked out in such manner as ~ill meet the maturities ~ ~ of the bonds, which ~ill be offered in exchange for the present bonds, uhich bonds must mature durinG the 20 year period, as provided by law. Plan 2 is subject to the ability of the Council to ejwhange existine; bonds not''' outstanding for new bonds, maturing ~ ~ su.bstantially :..;s the assessments are proposed to mature; the ~;oun6il agrees to use every possible effort to effect such 0xchange in su.ch amount as ,-fill be necessary to allow payment in accordance with the forego"'.ng schedule. All property ouners must elect under which plan they will ~roceed and must thereafter promptly make their payments in accordance uith such electiono BE IT FURTfmR RESOLVED that all property upon whic~ neither delinquent principal nor interest has been paid, under plan 1 or 2, by December 20, 1928, shall be proceeded against ihwediately thereafter by proper foreclosure proceed- inBs, and th~t after January 1, 1929, no delinquencies will be permittedo BE IT FURTr~R RESOLVED: that the Couneil hereby expresses its thanks and appreciation to the several citizens of the Cftty ~ho have assisted the Council in this matter and further requests the earnest co-operation ar~ll citizens by the payment of their obligations to the'Uity; that it is the opinion of the Council that the future development and prosperity of the City now rests in the ~ands of those property owners who are delinquent in meeti~~ their obligations and that the Council trusts that such owners ~ill avail themselves of this opportinity to remove their property from the delinquent class, and at the same time preserve the credit of the.Cityl The motion was seconded by Mr. Mills, and after a roll oall the vo~e was as follows. Ayes; Simms, Mills, Tab~r, Maves and Westbrook. Nayes; None. The resolution was unamiousl adopted. It was moved seconded and carried that oopies of above resolution, and copies of the letter of Attorney Westbrook to the Council dated October 1st, be made and mailed to each delinquent paving account along with a notice of the amount due. ~ ~ There being no further business the meeting adjourned to meet at th~ call of the president. A'A.~ro~ , ~resident i ty Council ~4~ lerk.