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Home My WebLink About1989 04 24 Regular .'- ., .... . CITY OF WINTER SPRINGS, FLORIDA IMPROVEMENT REFUNDING REVENUE BONDS, SERIES 1989 Comparison of Municipal Bond Insurance Premiums and Debt Service ReQUirements Assumptions: Construction Fund: $3,500,000 Interest Rates: 6.95 - 7.65% Final Maturity: MBIA AMBAC BIG 10-1-13 10-1-14 10-1-13 Debt Service Reserve: Fully Funded-Equal to MADS MBIA AMBAC BIG . Premium .475% x .45% .51% as a Percent 60% of Total of Total Debt Debt Service Service plus .30% x 40% of Total Debt Service Estimated Dollar $81,500 $87,074 $96,324 Amount of Premium Estimated Bond Issue Size $8,455,000 $8,445,000 $7,985,000(1) Estimated Maximum Annual Debt Service $776,753 $765,620 $734,397 . MADS = Maximum Annual Debt Service (1) Assumes use of LOC offered by BIG in lieu of fully funded reserve account. Also funds capitalized interest in the amount of $305,647, which is the difference between the prior MADS and the new MADS. . . . -' .ol\, CITY OF WINTER SPRINGS, FLORIDA IMPROVEMENT REFUNDING REVENUE BONDS, SERIES 1989 Snmm",'I:"V of Municipal Bond Insurance Commitments Analyst Premium as of Percent of Total Debt Service Estimated Dollar Amount of Premium (2) S & P Fee Total Estimated Premium and Rating Fee Conditions of Commitment MBIA David Glasser 914-682-2662 .475% x 60% of Total Debt Service Plus .30% x 40% of Total Debt Service (1) $76,000 $ 5,500 $81,500 1) Additional Bonds Test increased from 1.25x to 1.30x. 2) Issue length must coincide with lenqth of franchise agreement-cut final maturity back to 10-1-13. 3) Reserve Account funded to max allowed by law. 4) Senior lien must be closed. 5) HBIA standard permitted investments. 6) Certificates of Deposit fully insured by FDIC or FSLIC or backed by government obligations. 7) HBIA standard provisions for variable rate debt. 8) LOC or surety bond (in place of fully funded DSR) must meet HBIA approval. (1) Rounded to nearest $1,000. (2) Assumes construction fund of $3,500,000. (3) Included in premium. AMBAC Jeff Houston 212-668-0340 .45% $87,074 $ -0- (3 ) $87,074 l) No variable rate debt on parity with this issue. 2) AHBAC approval of any LOC or surety bond (in place of fully funded DSR). 3) Standard language package. BIG Nick Moye 212-412-7398 .51% $90,824 $ 5,500 $96,324 1) Require capitalized interest equal to the difference between the prior MADS and the new MADS. 2) Additional Bonds Test increased from 1.25x to 1.30x. 3) Revenue Flow - want revenue to flow to sinking fund until 1.0x coverage is reached - not 1/12 of p, 1/6 of i. This requirement in place until historical revenues have reached 1. 30x. 4) BIG permitted investments. 5) BIG standard language package. 6) BIG will allow use of LOC in lieu of fully funded debt service reserve. 7) Length of issue must be cut back one year to 10-1-13. ----7' . . . " ~ , April 19, 1989 TO: City Manager ~ Land Development Coordinator ~ FROM: RE: Agenda Item, April 24, 1989 Lee Mwlizzi is requesting a waiver to sidewalk requirements wi thin the proposed Excelsior Business Park. The street in this park will be privately owned. The Commission may grant this waiver under Section 14-119 (b). /rnh cc: Mayor Co/mnission City Attorney Ci ty Clerk .. >- . MR. DONALD LeBLANC D€VELOPMENT COODI~ATOR CITY OF WINTER SPRINGS WINT~R SPRING~, FL. 3270e APRIL 17,f'1989 REi EXCELSIOR BUSINESS PARK . DEAR DON, WE ARE HEREBY REQUESTNG A HEARING WITH THE CITY COMMISION TO DELETE THE SIDEWALKS ON THE ABOVE REFERENCED PROJECT. I WOULD APPRECIATE YOU SETTING,THIS PROCESS IN MOTION AS SCON AS POSS1BLE. REGARDS LEE MUNIZZI ~lE~~UWflm APR 1 8 1989 LM/pc CITY OF WINTER SPRINGS Land Development Coordinator, , .' . , J . 207 Moss Rd. North . Suite 201 . Winter Springs. FL 32708 (407) 327~2200 . FAX (407) 327-5050 FORM 8B MEMORANDUM OF VOTING CONFLICT FOR COUNTY, MUNICIPAL AND OTHER LOCAL PUBLIC OFFICERS FL ~ '/J//o;;/e COUNTY r- '-'O)e>~ /,t?.-c1~ NAME OF BOARD. COUNCIL. COMMISSION. AUTHORITY. OR COMMITTEE C;-f- G/J? /lJ S.s'/O /1.- THE BOARD, COUNCil.. COMMISSION. AUTHORITY. OR COMMITTEE ON WHICH I SERVE IS A UNIT OF: . ~~. COUNTY ' Of HER 1.0CAL AGENCY NAME OF POLITICAl. SUBDIVISION: Cf:. of t>t/; Irj~/l- J' .J/,/ V ;:;,- MY pos nON IS: .~ ; . ~~_) ,1 APPOINTIVE LAST NAME-FIRST NAME-MIDDU: NAME , o/{;n3JJ/7 LING ADDRESS )! / t:jfq WHO MUST FILE FORM 81 This form is for use by any person serving at the county, city, or other local level of government on an appointed or elected board, council, commission, authority, or committee. It applies equally to members of advisory and non-advisory bodies who are presented with a voting conflict of interest under Section 112.3143, Florida Statutes. The requirements of this law are mandatory; although the use of this particular form is not required by law, you are encouraged to use it in making the disclosure required by law. Your responsibilities under the law when faced with a measure in which you have a conflict of interest will vary greatly depending on whether you hold an elective or appointive position. For this reason, please pay close attention to the instructions on this form before completing the reverse side and filing the form. . INSTRUCTIONS FOR COMPLIANCE WITH SECTION 112.3143, FLORIDA STATUTES ELECTED OFFICERS: A person holding elective county, munidpal, or other local public office MUST ABSTAIN from voting on a measure which inures to his special private gain. Each local officer also is prohibited from knowingly voting on a measure which inures to the special gain of a principal (other than a government agency) by whom he is retained. In either case, you should disclose the conflict: PRIOR TO THE VOTE BEING TAKEN by publicly stating to the assembly the nature of your interest in the measure on which you are abstaining from voting; and WiTHIN 15 DAYS AFTER THE VOTE OCCURS by completing and filing this form with the person responsible for recording tile minutes of the meeting, who should incorporate the form in the minutes. APPOINTED OFFICERS: A person holding appointive county, municipal, or other local public office MUST ABSTAIN from voting on a measure which inures to his special private gain. Each local officer also is prohibited from knowingly voting on a measure which inures to the special gain of a principal (other than a government agency) by whom he is retained. A person holding an appointive local office otherwise may participate in a matter in which he has a conflict of interest, but must disclose the nature of the conflict before making any attempt to influence the decision by oral or written communication, whether made by the officer or at his direction. IF YOU INTEND TO MAKE ANY ATTEMPT TO INFLUENCE THE DECISION PRIOR TO THE MEETING AT WHICH THE VOTE WILL BE TAKEN: ~ou should complete and file this form (before making any attempt to influence the decision) with the person responsible for recording the minutes of the meeting, who will incorporate the form in the minutes. · A copy of the form should be provided immediately to the other members of the agency. · The form should be read publicly at the meeting prior to consideration of the matter in which you have a conflict of interest. CITY OF WINTER SPRINGS . rCATION FOR ANNEXATION Olt CHANGE OF ZONING ~LEASE PRINT IN INK OR TYPE Annexation X Change of Zoning 1/ Amendment to Land Use Hap Amendment to pun Preliminary Plan Schrimsher Land Fund 1986-11, V, Ltd. Last Name First Middle Initial (If the applicant is not the owner of the subject property, the applicant must include a letter of authorization signed by the owner) 600 E. Colonial Drive, #100 Mailing Address Orlando, City FL State 32803 Zip Code (407) 423-7600 Telephone Number Legal description of the subject property (attach map): See Attached . Total No. of Acrea 59,000 sq. ft./l.36 Acres !fotal Usable Acres All Present Zoning Category C-l Present Land Use Classification Commercial General location of subject property (including names and types of roads which tract abuts): South-cast corner of S.R. 434 and Tuskawilla Road; consistinq of 1.36 Acres; 336 feet of frontage on S.R. 434 and 346 feet of frontaqe on TuskawiJla Road. Present development status of Land: Undeveloped/Vacant Land Zoning Categoriea and Land Uae Classification of abutting property: Kinosbury. A-J. Suburban Estates/Handyway, , Dun iho, C-l, Commercial Zoning Category requested C-2 CN, Commercial/Schoen, A-I Commercial/Weber )-..) c:J-frr --L;J D l-)S r K ( t-1- L Land Use Classification Required ___flAmc:r t:. -~ De.t~ailed information concerning purpose and intent of request: To construct il Hobi I n', g:p:soline facility, snack shop and Cilr wash. 1'---, .:::, i_.i '-- 3/r/%i I ^PPlic.nt/Owncrv~~/U i---'- DaJ:e '.. 0) o. '~I -~----------------------------------------------------------------------------------------- riM, -I~----------------------------------------------------------------------------------------- rTl FEE ;1../ () -- ~._' AMOUNT 1-' ::inance References Information Verified By RECEIPT NUHllER ~ Date 908JM OJ 03/'J9/G'?CH~I< 2.H . (I 0 . . , , It Plat of D~scription for Schrimsher Mana~ement Group Part of D.R. Mitchell's Surv~y of the Levy Grant Section 31, Township 20 South, Ranp,e 31 East Seminole County, Florida Description Commence at the intersection of the centerline of Tuskawilla 'Gabriella Hoad, accbrdinR tri the Plat thereof as recorded in Plat ]ook 6 pa~es 57 and 58 of th(' Public Records of Seminole County, Florida and the center line of the nviedo Road, (formerly S.R. 619, now S.R. 434) accordin~ to the Plat thereof as recorded in Plat Rook 6, pa~es 74 and 75 of the Public Records of Seminole COllnty, Florida and run 5.13" 56'5/I"W. alon~ the center line of said Tuskawilla Gabriella,. Road, 56.87 feet, thence run 5.76.03'06"[.25.00 feet to the Point of T\ep,inninr" thp.nce run 5.13" 56'S/I"W. alon/>, the Easterly dr,ht-of-way line of said Tuskawllla' Gabriella Road 346./19 feet, thence run S.B7" 15'18"E 289.88 fp.et, thence run N.02D 44'62"E. 87.50 feet to a point on the Southerly rir,ht-of-way line of said Oviedo Road as it is now occupied and maintained by Seminole County, Florida, thence run N. 1R" 39' 40"\". alon~ said Sou therly rir,ht-of-way line 336.50 feet to the Point of' ne~inhin~, containing 59,000.00 square feet (1.3565 Acres) SURVEYOR'S CERTIFICATE This is to certify that this Plat of Description was performed under my direction and was prf!pared in accordance with Chapter 2IHH-6, F.A.C., Minimum Technical StandardS of the Florida Board of Professional Land Surveyors. 27 February, 89 Florida SURVEynR'S NOTES, l)TIIE nEARING STHUCTURE IS BASED ON THE EASTERLY IUGHT-OF-WAY LINE OF TUSKAWILLA .' :;ARTtIELI.lA ROAD AS nEING 5.1J. 56'5'~"W. 2) THE SURVEYOR HAS NOT ABSTHACTED TIlE LAND SHOl.JN HERFnN FOR EASENENTS, HTr.HtS-OF'-WAY nR ANY MArTER OF RECORD \oJHICH MAY AFFECT THE USE "OR TITLE' OF TillS, LAND... .. , 3) TilTS IS NOT A SURVEY. THE SKETCH AND DESCRIPTION WERE rnEPARED F}{Q~J OfFICE RECOIWS ONLY AND HAS NOT nEEN FIELD VERIFIED. ~ .D </f) -'. -J,.,., ~-: q:: In I ~ Cf) :::; J- {J1 '--- I . . t I , . . I I Q ~~ o~ Cr:;:! 4.: I 0.:: ~ v}' -I. -'& f..J.J - CC CO ~. 'C{" . I <!J .<:/' I/) ~. / lJ.J!.J.I ~. ~::5 ," <- If; It) 0) ~ .:S! ~'I-^ ~~ ~~ ill ,,,", rv o CI)" / trj .~~. ; '\~.>- I , i'A \- - PO.B. (' ~o .~ ~<J . J> '" <9. '\ J'..9 . ~ CONTAINS 59,000.00 S9' F.... . S. 87. IS' IB"E.. PLATTED STREET ~ ~ - 0 III ~ - ILl ..J -< U t/l '0 111 ,...,; OJ 6"0 ' " ~It-- \ W l\l "t" "<1- ..r Z89.88' . N o .z- --- R~ ~ A f"It1.. P. c::; . . SEe .......... o TlA.. .. , / -' 8 :l (, "'- ~ 2,0 /7 21 19Ef) /8 1.IN-1rI j,/...,68,. II D ..L 17" &0 cJ< 8 3,0 ~ v. 0 , eL~ A W~~TU~ , . s+ J6 JJ ....... ... :ll" ~1 .J3 .5Z 4i1 .sJ So ..'- 8.0 c 4.'4 . Jame.6 H. Nw.ton 3817 N. Lake O~ndo Pan~ay O~ndo, Fla. 32808 (407) 291-3801 ApJUl 18, 1989 Vic.k Ro zaYL-6 ky, Cily Manag eJl. WinteJl. SpJUng-6 Cily Hall 1126 E. State Road 434 WinteJl. S pJUng -6 , Fla. 32 70 8 Vean Mlt. RozaYL-6ky: . In c.onnec..tion wilh the c.oYL-6ttLuc..tion On Vnp/wve.meYL:t-6 nol1. Foxmool1. EMt, we l1.eque.6t a peJl.mil 011. appol1.va.t to tI1.aYL-6pol1.t nill mateJUa.t and bl1.U-6h nl1.om c..teaning to Foxmool1. EMt, and to Foxmool1. 1 V, 11.e.6 pec..tiv ely. It appeal1.-6 that we may need appl1.ox.unately 1,000 c.ubic. yand-6 on c..tean nill mateJl.ia.t tll1.om Foxmool1. 1 V to c.omp.tue the beAm behind .tau 1 thl1.u 10, Foxmool1. EMt. We will c.ut the nill nl1.om elevated aneM at the Nol1.th end On Foxmool1. IV no deepeJl. than 18 inc.he.6 above the c.I1.own On the 11.0ad. Thank you 6011. yoUl1. pl1.ompt attention to thie l1.eqUe.6t M wOl1.k hM been intenl1.upted at Foxmool1. EMt. VeJl.y T l1.u.ty Y 0 uJv~ , l ? Jame.6 H. Nw.ton, PI1.e.6ident Nw.ton & Company, Inc.. c.c. : Van Le Blanc., Land Vevelopment Cool1.dinatol1. -. ~~~~llW~~ APR 18 1989 CITY of vii:- i u\ , ,I' CITY M,l\~A(;f r', C1C elc -iJv piC ,,' Ifv6r - ,/