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HomeMy WebLinkAbout1985 06 17 City Commission Special Minutes 84-85-20 . SPECIAL MEETING CITY COMMISSION CITY OF WINTER SPRINGS JUNE 17, 1985 The Special Meeting of the City Commission of the City of Winter Springs, Florida, was called to order by Mayor John V. Torcaso at 5:00 p. m. Roll Call: Mayor John V. Torcaso, present Deputy Mayor William A. Jacobs, present City Manager Richard Rozansky, present City Attorney Tom Lang, present Commissioners: Jim Hartman, absent Arthur Hoffmann, present Buck Adkins, present Leanne Grove, present Also present: Gael Penland, Southeast Municipal Bonds Jane Hayman, Attorney with the firm of Swann & Haddock . Approval of Bond Documents and authorization for closing including resolutions: Resolution No. 502, a resolution amending and supplementing Resolution No. 251 of the City of Winter Springs, Florida by amending Section 15 of said Resolution relating to the disposition of moneys in the Electric Franchise Fee Fund created pursuant to said Resolution to provide that said moneys may be released upon the compliance of certain conditions; providing an effective date.: Attorney Lang read Resolution No. 502 by title only. Motion was made by Commissioner Jacobs, seconded by Commissioner Hoffmann to adopt Resolution No. 502. Discussion. Vote on the motion: Commissioner Hoffmann, aye; Commissioner Adkins, aye; Commissioner Jacobs, aye; Commissioner Grove, aye; motion carried. Resolution No. 503, a resolution of the City Commission of the City of Winter Springs, Florida approving the form of and authorizing the execution of an official statement in connection with the issuance and delivery by the City of Winter Springs, Florida of its $3,785,000 Improvement Refunding Revenue Bonds, Series 1985; approving the form of and authorizing the execution of a paying agent and registrar agreement with Sun Bank, National Association; readopting and ratifying Resolutions No. 495 and 496 of the City; providing other matters in connection with the issuance of the bonds; and providing an effective date.: Attorney Lang read Resolution No. 503 by title only. Motion was made by Commissioner Grove, seconded by Commissioner Jacobs to approve Resolution No. 503. Discussion. Vote on the motion: Commissioner Adkins, aye; Commissioner Jacobs, aye; Commissioner Grove, aye; Commissioner Hoffmann, aye; motion carried. . Resolution No. 504, a resolution relating to the issuance of not exceeding $3,785,000 Improvement Refunding Revenue Bonds, Series 1985, of the City of Winter Springs, Florida; amending the resolution of the City authorizing the bonds in its entirety; and providing an effective date.: Attorney Lang read Resolution No. 504 by title only. Motion was made by Commissioner Grove, seconded by Commissioner Jacobs to adopt Resoltuion No. 504. Discussion. Vote on the motion: Commissioner Adkins, aye; Commissioner Jacobs, aye; Commissioner Grove, aye; Commissioner Hoffmann, aye; motion carried. Motion was made by Commissioner Jacobs, seconded by Commissioner Hoffmann, authorizing . Special Meeting, City Commission, June 17, 1985 Page 2 84-85-20 The City Manager to enter into an agreement with Sun Bank for investment purposes. Discussion. Vote on the motion: Commissioner Jacobs, aye; Commissioner Grove, aye; Commissioner HOffmann, aye; Commissioner Adkins, aye; motion carried. Resolution No. 505, a resolution of the City Commission of the City of Winter Springs, Florida approving the form of and authorizing the execution of an official statement in connection with the issuance and delivery by the City of Winter Springs, Florida of its $5,615,000 Water and Sewer Refunding Bonds, Series 1985; approving the form of and authorizing the execution of a consent and subordination agreement with Florida National Bank; appointing a trustee; readopting Resolutions No. 492 and No. 493 of the City; providing other matters in connection with the issuance of the bonds; and providing an effective date.: Attorney Lang read Resolution No. 505 by title only. Motion was made by Commissioner Hoffmann, seconded by Commissioner Jacobs to adopt Resolution No. 505. Discussion. Vote on the motion: Commissioner Grove, aye; Commissioner Hoffmann, aye; Commissioner Adkins, aye; Commissioner Jacobs, aye; motion carried. . Resolution No. 506, a resolution relating to the issuance of not exceeding $5,615,000 Water and Sewer Refunding Revenue Bonds, Series 1985, of the City of Winter Springs, Florida; amending the resolution of the City authorizing the bonds in its entirety; and providing an effective date.: Attorney Lang read Resolution No. 506 by title only. Motion was made by Commissioner Adkins to adopt Resoltuion No. 506. Seconded by Commissioner Grove. Discussion. Vote on the motion: Commissioner Hoffmann, aye; Commissioner Adkins, aye; Commissioner Jacobs, aye; Commissioner Grove, aye; motion carried. Motion was made by Commissioner Jacobs to amend Resoltuion No. 504 by deleting the words "The reserve requirement for the Series 1985 bonds shall be" and the words "Sinking Fund" be changed to "Debt Service Fund" on page 24. Seconded by Commissioner Adkins. Discussion. Vote on the motion: Commissioner Adkins, aye; Commissioner Jacobs, aye; Commissioner Grove, aye; Commissioner Hoffmann, aye; motion carried. Motion was made by Commissioner Jacobs, in the documents, change it so that we will only be refunding those bonds $4,054,000 and the principal amount maturing on or after Oct. 1, 2000, and thereafter, deleting the words "as a whole" so that you have the right to delete less than the whole (just indicating on both resolutions that is all we are doing is redeeming or refunding those bonds and giving the City Manager the right to make the proper corrections). Seconded by Commissioner Hoffmann. Discussion. Vote on the motion: Commissioner Jacobs, aye; Commissioner Grove, aye; Commissioner Hoffmann, aye; Commissioner Adkins, aye; motion carried. Resolution No. 507. . Resolution No. 501, establishing a time and place at which the owners of property to be assessed purusuant to Resolution No. 486, or any other persons interested in said assessment may appear before the City Commission and be heard as to the propriety and advisability of making the municipal improvements, the costs thereof and the manner of payment therefor and as to the amount thereof to be assessed against each property so improved pursuant to Chapter 170.07 of the Florida Statutes; conflicts and effective date.: Special Meeting, City Commission, June 17, 1985 4It Attorney Lang read Resolution No. 501 by title only. the legal description is to be amended to include "and that part of Moss Road as platted in plat of North Orlando, Plat Book 12, pages 10 and 11." Page 3 84-85-20 Motion was made by Commissioner Adkins, seconded by Commissioner Jacobs to adopt Resolution No. 501 as amended. Discusion. Vote on the motion: Commissioner Jacobs, aye; Commissioner Grove, aye; Commissioner Hoffmann, aye; Commissioner Adkins,aye; motion carried. Meeting adjourned 5:35 p. m. Respectfully submitted, /luu, r Ji.d; Mary T. Norton, City Clerk ,MAYOR 4It 4It