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Home My WebLink AboutMonthly Report City of Winter Springs Oak Forest Wall and Beautification nictric±t Overview Urban BeauH caKon Coordinator Meeting Report -June 10, 2004 Steven T. Richert ' .OfIIce:407-327-5976 Fag:407-327-6695 Email: richart winters rin sfl.or A. Budget Review 1. YTD budget report -191 Oak Forest Maintenance. 2. YTD budget report - 309 Oak Forest Capital. B. Reports and Information. 1. Eastwood Is performing to standard in most cases. Irrigation. service and bed weeding could use improvement. 2. Annuals are scheduled to be changed out in approximately (1) week. Coleus (Yellow and Red) are to be installed. 3. Drought stress has affected several holly trees along the wall, just south of the Trotwood entrance. They will be monitored for recovery. 4. Eastwood has been asked to trim up all Ginger plants at the entrance sides to remove excess growth. D. Protects 1. As of 6/7/04, I am speaking with Tim Newby on the acquisition of the easement needed for the wall expansion. Details to follow. . 2. The landscape and irrigation project will be ready to go out for bidding in (1) month. Bid packets are presently being completed. 3. Information on Sherwin Williams paint for entrance signs. Discussion. NOTES: 06/07/2004 ***LIVE***REFRESHED 05/21/04*** PAGE 1 10:43:20 YTD BUDGET REPORT - JUNE 2004 glytdbud FOR 2004 09 ACCOUNTS FOR: ORIGINAL TRANFRS/ REVISED AVAILABLE PCT 191 OAK FOREST MAINTENANCE APPROP ADJSTMTS BUDGET YTD ACTUAL ENCUMBRANCES BUDGET USED ------------------------------------------------------------------------------------------------------------------------------------ 191 OAR FOREST MAINTENANCE 191-000-000-0000-315100 ASS LOLL -22,700 0 -22,700 -21,677.78 .00 -1,022.22 95.5$ 191-000=000-0000-361100 INTEREST -500 0 -500 -303.31 _00 -196.69 60 7$* 191-000-000-0000-361101 CNTY INT 0 0 0 -3.64 .00 3.64 . 0$ 191-000-000-0000-389100 APP FD BAL -5,800 0 -5,800 .00 .00 -5,800.00 . 0$* 191-000-000-0000-53211 A~fINFSE 5,500 0 5,500 3,100.00 _00 2,400.00 . 56.4$ 191-000-000-0000-53410 CONT SERV 150 0 150 107.77 ~ .00 42.23 71.8$ 191-000-000-0000-54210 POSTAGE 300 0 300 .00 .00 300.00 0$ 191-000-000-0000-54310 UTILITIES 2,000 0 2,000 1,019.59 .00 980.41 . 51 0$ 191-000-000-0000-54682 RM GROUNDS 9,500 0 9,500 4,224.20 3,599.95 1,675.85 . 82 4$* 191-000-000-0000-55230 OP SUPPLY 50 0 50 30.00 .00 20.00 . 60 0$ 191-000-000-0000.55251 RM SGN/WAL 6,000 0 6,000 1,930.49 400.00 3 669.51 . 38 8$ 191-000-000-0000-59130 TR GEN FUN 4,600. 0 4,600 .3,449.97 .00 , 1 150 03 . 75 0$ 191-000-000-0000-59310 STAT RESER 900 0 900 .00 .00 , . 900.00 . .0$ TOTAL OAK FOREST MAINTENANCE 0 0 0 -8,122.71 3,999.95 4,122.76 .0$ TOTAL OAK FOREST MAINTENANCE 0 Q 0 -8,122.71 3,999.95 4,122.76 .0$ TOTAL REVEN[JES -29,000 0 -29,000 -21,984.73 .00 -7 015.27 TOTAL EXPENSES 29,000 0 29,000 13,862.02 3,999.95 , 11,138.03 PRIOR FUND BALANCE 25,411.85 ~~ ~ FUND ~ 8,122.71 ~~T ~~ ~~~ ~ 33,534.56 06/07/2004 ***LIVS***RBFRFsSFiED 05/21/04*** PAGE 2 1Oz43:21 YTD BUDGET R$PORT - DUNS 2004 glytdbud FOR 2004 09 ORIGINAL TRANFRS/ REVISfiD AVAILABLE PCT 191 OAK FOR}3ST MAINTENANCE APPROP ADJSTMTS BUDGET YTD ACTUAL ENCfJNIBRANCSS BUDGET USED ------------------------------------------------------------------------------------------------------------------------------------ GRAND TOTAL 0 0 0 -8,122.71 3,999.95 4,122.76 .0$ 06/07/2004 ***LIVS***REFRESBED 05/21/04*** PAGE 1 10:43:53 YTD BUDGET REPORT - JUNE 2004 glytdbud FOR 2004 09 JOURNAL DETAIL 2004 1 TO 2004 7 ACCOUNTS FOR: 191 OAK FOREST MAINTENANCE ----------------- ORIGINAL APPROP ----------------------- TRANFRS/ REVISED ADJSTMTS BUDGET ----------------------- AVAILABLE YTD ACTUAL SNCOMBRANCES BUDGET ------------------------------------------- PCT USED -------- 191 QAK FOREST MAINTENANCE --------------------------- -------- 191-000-000-0000 -315100 ASS COLL -22,700 0 -22,700 -21,677.78 .00 -1,022.22 95.5$ 2004/01/000692 2004/02/000230 11/01/2003 11/13/2003 BUC C/R -22,700.00 REF -21.87 REF 529325 RAY VALDSS ORIGINAL BUDGET 2004 OAK FOREST - MAINTENANCE ASSES 2004/02/000230 2004/02/000368 11/13/2003 11/20/2003 C/R C/R -270.73 RSF 529324 -10 108 50 REF RAY VALDES OAR FOREST - MAINTENANCE ASSES 2004/03/003188 12/09/2003 C/R , . 533695 -8,356.36 RSF 544880 RAY VALDSS RAY VALDES OAK FOREST - MAINTENANCE ASSES OAK FOREST - MAINTENANCE ASSES 2004/03/003404 2004/04/004178 12/19/2003 01/12/2004 C/R C/R -1,048.05 RSF 550625 618 09 RAY VALDES OAK FOREST - MAINTENANCE ASSES 2004/05/005300 02/12/2004 C/R - . REF 563129 -270.72 REF 580300 RAY VALDES RAY VALDSS OAK FOREST - MAINTENANCE ASSES OAK FOREST - MAINTENANCE ASSES 2004/06/006284 2004/07/007167 03/15/2004 04/08/2004 C/R C/R -220.02 RSF 598978 -640 56 REF 614530 RAY VALDSS RAY VALDES OAK FOREST - MAINTENANCE ASSES . OAK FOREST - MAINTENANCE ASSES 191-000-000-0000-361100 INTEREST -500 0 -500 -303.31 .00 -196.69 60.7$* 2004/01/000692 2004/01/000759 11/01/2003 10/31/2003 BUC GEN -500.00 REF 26 ORIGINAL BUDGET 2004 2004/02/000508 11/30/2003 GSN - .04 REF 401043 -50 04 REF 402030 INTEREST ALLOCATION -OCT 03 2004/03/003601 2004/04/004663 12/31/2003 01/31/2004 GEN GEN . -68.53 REF 403046 INTSR.SST ALLOCATION-NOV 03 INTEREST ALLOCATION - DEC 03 2004/05/005737 02/29/2004 GSN -58.29 REF 404039 -34 02 RSF 405033 INTEREST ALLOCATION - JAN 04 2004/06/006756 2004/07/007583 03/30/2004 04/30/2004 GSN GSN . -34.95 REF 406038 ALLOCATE FSB INTEREST INT ALLOCATION - MARCH 2004/07/007586 04/30/2004 GRV -34.95 REF 40717 34 95 RSF 40717 INTSRBST ALLOCATION-MARCH 04 2004/07/007619 04/30/2004 GSN . -31.44 RSF 407033 INTEREST ALLOCATTON-MARCH 04 INTEREST ALLOCATION - APRIL 04 191-000-000-0000-361101 CNTY INT 0 0 0 -3 64 . .00 3.64 .0$ 2004/01/000322 2004/01/000322 10/15/2003 10/15/2003 C/R C/R -.36 REF 514267 RAY VALDES LINE CODE RSIMBURSSMENT 2004/01/000322 10/15/2003 C/R -.36 RSF 514236 .36 RSF 514250 RAY VALDSS Reversal / 514236 LINE CODS RSIMBURSSMSNT LIN 2004/01/000709 10/01/2003 GRV .36 RSF 312072 E CODE REIMBURSEMENT 2004/05/005120 02/06/2004 C/R -1.43 REF 576672 RAY VALDES ACCRUE OAK FOREST CNTY INT ,LINE CODE REIMBURSEMENT 191-000-000-0000-389100 APP FD BAL -5,800 0 -5 800 00 00 , . . -5,800.00 .0$* 2004/01/000692 11/01/2003 BUC -5,800.00 REF ORIGINAL BUDGET 2004 191-000-000-0000- 53211 ADMINFSE 5 500 0 , 5,500 3,100.00 _00 2,400.00 56.4 2004/01/000692 11/01/2003 BUC 5 500.00 REF 2004%06/006198 03%10%2004 API , ORIGINAL BUDGET 2004 ~ T 1 1,550.00 VND 001061 PO GSG/GOVSRI SSR OAK FOREST YMT 2 OF~ 15195 06/07/2004 ***LIVS***RSFRSSHED 05/21/04*** PAGE 2 10:43:53 YTD BUDGET REPORT - JUNE 2004 glytdbud FOR 2004 09 JOURNAL DETAIL 2004 1 TO 2004 7 ACCOUNTS FOR: ORIGINAL TR.ANFRS/ REVISED AVAILABLE PCT 191 QAR FOREST MAINTENANCE ------------------------------------ APPROP ADJSTMTS --------------------------------- BUDGET YTD ACTUAL ENCUMBRANCES --------------------------------------- BUDGET ---------------- USED -------- 191-000-000-0000-53410 CONT SERV 150 0 150 107.77 .00 42.23 71.8 2004/01/000692 11/01/2003 BUC 150.00 RSF ORIGINAL BUDGET 2004 2004/03/003299 12/15/2003 API 93.79 VND 000302 PO RAY VALDSS, SEM CO T COMM ON COLLECTIONS 13540 2004/05/005523 02/23/2004 API 9.68 VND 000302 PO RAY VALDES, SEM CO T OAK FOREST-12/03-1/04 14899 2004/07/007464 04/26/2004 API 4.30 VND 000302 PO RAY VALDSS, SEM CO T WINTER SPRINGS OAK FOREST 16354 191-000-000-0000-54210 POSTAGE 300 0 300 .00 .00 300.00 .0~ 2004/01/000692 11/01/2003 BUC 300.00 REF ORIGINAL BUDGET 2004 191-000-000-0000-54310 UTILITIES 2,000 0 2,000 1,019.59 .00 980.41 51.0 2004/01/000301 10/15/2003 API 129.11 VND 000716 PO PROGRESS ENERGY FLOR ACCT 98765 22190 12255 2004/01/000692 11/01/2003 BUC 2,000.00 REF ORIGINAL BUDGET 2004 2004/02/000195 11/12/2003 API 131.73 VND 000716 PO PROGRESS ENERGY FLOR ACCT 98765 22190 12771 2004/03/003302 12/15/2003 API 145.27 VND 000716 PO PROGRESS ENERGY FLOR ACCT 98765 22190 13536 2004/04/004336 01/22/2004 API 194.96 VND 000716 PO PROGRESS ENERGY FLOR ACCT 98765 22190 14153 2004/05/005348 02/16/2004 API 131.41 VND 000716 PO PROGRESS ENERGY FLOR ACCT 98765 22190- 14703 2004/06/006350 03/17/2004 API 82.72 VND 000716 PO PROGRESS ENERGY FLOR ACCT 98765 22190 15397 2004/07/007234 04/14/2004 API 100.54 VND 000716 PO PROGRESS ENERGY FLOR ACCT 98765 22190 16004 191-000-000-0000-54682 RM GROUNDS 9,500 0 9,500 4,224.20 3,599.95 1,675.85 82.4~* 2004/01/000153 10/08/2003 POE 7,935.00 VND.003421 PO 40217 EASTWOOD TUFF TURF LANDSCAPE MAINT. OAK FOREST 2004/01/000692 11/01/2003 BUC 9,500.00 RSF ORIGINAL BUDGET 2004 2004/02/000175 11/11/2003 API 575.00 VND 003421 PO 40217 EASTWOOD TUFF TURF LANDSCAPE MAINT. OAK FOREST 12716 2004/02/000175 11/11/2003 POL -575.00 VND 003421 PO 40217 SASTWOOD TUFF TURF LANDSCAPE MAINT. OAK FORES2004 2004/03/003091 12/03/2003 API 9.02 VND 003421 PO 40217 EASTWOOD TUFF TURF LANDSCAPE MAINT. OAK FOREST 13262 2004/03/003091 12/03/2003 API 575.00 VND 003421 PO 40217 SASTWOOD TUFF TURF LANDSCAPE MAINT. OAK FOREST 13262 2004/03/003091 12/03/2003 POL -9.02 VND 003421 PO 40217 SASTWOOD TUFF TURF LANDSCAPE MAINT. OAK FORBS2004 2004/03/003091 12/03/2003 POL -575.00 VND 003421 PO 40217 EASTWOOD TUFF TURF LANDSCAPE MAINT. OAK FORES2004 2004/03/003332 12/16/2003 API 30.15 VND 003421 PO 40217 SASTWOOD TUFF TURF LANDSCAPE MAINT. OAR FOREST 13469 2004/03/003332 12/16/2003 POL -30.15 VND 003421 PO 40217 SASTWOOD TUFF TURF LANDSCAPE MAINT. OAK FORSS2004 2004/04/004214 01/14/2004 API 575.00 VND 003421 PO 40217 SASTWOOD TUFF TURF LANDSCAPE MAINT. OAK FOREST 13986 2004/04/004214 01/14/2004 POL -575.00 VND 003421 PO 40217 EASTWOOD TUFF TURF LANDSCAPE MAINT. OAK FORSS2004 2004/05/005155 02/09/2004 API 113.75 VND 003421 PO 40217 SASTWOOD TUFF TURF LANDSCAPE MAINT. OAK FOREST 14517 2004/05/005155 02/09/2004 API 575.00 VND 003421 PO 40217 SASTWOOD TUFF TURF LANDSCAPE MAINT. OAK FOREST 14517 2004/05/005155 02/09/2004 POL -95.28 VND 003421 PO 40217 SASTf~TOOD TUFF TURF LANDSCAPE MAINT. OAK FOR8S2004 2004/05/005155 02/09/2004 POL -18.47 VND 003421 PO 40217 EASTWOOD TUFF TURF LANDSCAPE MAINT. OAK FORSS2004 2004/05/005155 02/09/2004 POL -575.00 VND 003421 PO 40217 EASTWOOD TUFF TURF LANDSCAPE MAINT. OAR FORES2004 2004/06/006242 03/11/2004 API 575.00 VND 003421 PO 40217 SASTWOOD TUFF TURF LANDSCAPE MAINT. OAR FOREST 15335 2004/06/006242 03/11/2004 API 50.00 VND 003421 PO 40217 BASTWOOD TUFF TURF LANDSCAPE MAINT. OAK FOREST 15335 2004/06/006242 03/11/2004 POL -50.00 VND 003421 PO 40217 EASTWOOD TUFF TURF LANDSCAPE MAINT. OAK FORES2004 2004/06/006242 03/11/2004 POL -575.00 VND 003421 PO 40217 EASTWOOD TUFF TURF LANDSCAPE MAINT. OAR FORES2004 2004/06/006371 03/17/2004 API -110.85 VND 003421 PO 40217 SASTWOOD TUFF TURF LANDSCAPE MAINT. OAK FOREST 15631 2004/07/007265 04/15/2004 API 575.00 VND 003421 PO 40217 EASTWOOD TUFF TURF LANDSCAPE MAINT. OAK FOREST 16117 2004/07/007265 04/15/2004 API 50.00 VND 003421 PO 40217 BASTWOOD TUFF TURF LANDSCAPE MAINT. OAK FOREST 16117 2004/07/007265 04/15/2004 POL -575.00 VND 003421 PO 40217 EASTWOOD TUFF TURF LANDSCAPE MAINT. OAK FORES2004 _ 2004/07/007265 04/15/2004 POL -50.00 VND 003421 PO 40217 SASTWOOD TUFF TURK LANDSCAPE MAINT. OAK FORBS2004 06/07/2004 ***LIVS***REFRESHED 05/21/04*** PAGE 3 1Os43:54 YTD BUDGET REPORT - JUNE 2004 glytdbud FOR 2004 09 - JOURNAL DETAIL 2004 1 TO 2004 7 ACCOUNTS FOR: ORIGINAL TRANFRS/ REVISED AVAILABLE PCT 191 OAIC FOREST MAINTENANCE ----------------------------------- APPROP ----------------------- ADJSTMTS ----------- BUDGET YTD ACTUAL ENCUMBRANCES BUDGET ------------------------------------------------------- USED -------- 191-000-000-0000-55230 OP SUPPLY 50 0 50 30.00 .00 20.00 60.0 2004/01/000692 11/01/2003 BUC 50.00 REF ORIGINAL BUDGET 2004 - 2004/06/006223 03/11/2004 POS 30.00 VND 000981 PO 42934 SIGN MAN, THS BOARD MEMBER NAME PLATES 2004/06/006370 03/17/2004 API 30.00 VND 000981 PO 42934 SIGN MAN, THE BOARD MEMBER NAME PLATES 15409 2004/06/006370 .03/17/2004 POL -30.00 VND 000981 PO 42934 SIGN MAN, THE BOARD MEMBER NAME PLATES 2004 191-000-000-0000-55251 RM SGN/WAL 6,000 0 6,000 1,930.49 400.00 3,669.51 38.8 2004/01/000440 10/22/2003 POE 321.29 VND 003555 PO 40544 LIGHTS UNLIMITED,INC REPAIRS TO LIGHTS AT OAK FORES 2004/01/000526 10/27/2003 API 321.29 VND 003555 PO 40544 LIGHTS UNLIMITSD,INC REPAIRS TO LIGHTS AT OAK FORES 12587 2004/01/000526 10/27/2003 POL -321.29 VND 003555 PO 40544 LIGHTS UNLIMITSD,INC REPAIRS TO LIGHTS AT OAK F2004 2004/01/000692 11/01/2003 BUC 6,000.00 R$F ORIGINAL BUDGET 2004 2004/02/000191 11/12/2003 POS 53.79 VND 004834 PO 40981 HICKS ELECTRIC, INC. REPAIR SIGN LIGHTING 2004/02/000243 11/14/2003 API 53.79 VND 004834 PO 40981 HICKS ELECTRIC, INC. REPAIR SIGN LIGHTING 12900 2004/02/000243 11/14/2003 POL -53.79 VND 004834 PO 40981 HICKS ELECTRIC, INC. REPAIR SIGN LIGHTING 2004 2004/03/003347 12/17/2003 POE 300.00 VND 004834 PO 41584 HICKS ELECTRIC, INC. LIGHT REPAIRS AT OAK FOREST 2004/04/004333 01/22/2004 POM 122.75 VND 004834 PO 41584 HICKS ELECTRIC, INC. ADDITIONAL COST 41584 2004 2004/04/004510 01/28/2004 API 422.75 VND 004834 PO 41584 HICKS BLECTRIC, INC. LIGHT REPAIRS AT OAR FOREST 14544 2004/04/004510 01/28/2004 POL -122.75 VND 004834 PO 41584 HICKS ELECTRIC, INC. LIGHT REPAIRS AT OAK FORES2004 2004/04/004510 01/28/2004 POL -300.00 VND 004834 PO 41584 HICKS ELECTRIC, INC. LIGHT REPAIRS AT OAK FORSS2004 2004/05/005611 02/26/2004 POE 1,132.66 VND 003421 PO 42726 EASTWOOD TUFF TURF PLANT INSTALLATION AT ENTRANCE 2004/06/006598 03/25/2004 API 1,132.66 VND 003421 PO 42726 EASTWOOD TUFF TURF PLANT INSTALLATION AT ENTRANCE 15631 2004/06/006598 03/25/2004 POL -1,132.66 VND 003421 PO 42726 EASTWOOD TUFF TURF PLANT INSTALLATION AT SNTR2004 191-000-000-0000-59130 TR GEN FUN 4,600 0 4,600 3,449.97 .00 1,150.03 75.0 2004/01/000692 11/01/2003 BUC 4,600.00 REF ORIGINAL BUDGET 2004 2004/04/004423 01/27/2004 GEN 383.33 REF 113 OF MNT RSINfB GF FOR CLERKS 2004/04/004433 01/27/2004 GEN 383.33 RSF 113 OF MNT RSIMB GF FOR CLERKS 2004/04/004449 01/27/2004 GSN 383.33 RSF 113 OF MNT RSIMB GF FOR CI,SRICS 2004/04/004465 01/27/2004 GSN 383.33 RSF 113 OF MNT RSIMB GF FOR CLERKS 2004/05/005249 02/11/2004 GEN 383.33 REF 113 OF MNT RSIMB GF FOR CLERKS 2004/06/006019 03/01/2004 GEN 383.33 RSF 113 OF MNT RSIMB GF FOR CLERKS 2004/07/007033 04/01/2004 GSN 383.33 RSF 113 OF MNT RSII~ GF FOR CLERKS 191-000-000-0000-59310 STAT RSSER 900 0 900 .00 .00 900.00 .0~ 2004/01/000692 11/01/2003 BUC 900.00 RSF ORIGINAL BUDGET 2004 TOTAL OAK FORl3ST MAINTENANCE 0 0 0 -8,122.71 3,999.95 4,122.76 _0~ TOTAL OAK FOREST MAINTENANCE 0 0 0 -8,122.71 3,999.95 4,122.76 .0$ TOTAL REVSNtJFsS -29,000 0 -29,000 -21,984.73 - .00 -7,015.27 TOTAL EXPENSES 29,000 0 29,000 .13,862.02 3,999.95 11,138.03 06/07/2004 ***LIVS***REFRESHSD 05/21/04*** PAGE 4 10:43:54 YTD BUDGET REPORT - JUNE 2004 glytdbud FOR 2004 09 JOURNAL DETAIL 2004 1 TO 2004 7 ACCOUNTS FOR: ORIGINAL TRANFRS/ REVISED AVAILABLE PCT 191 OAR FOREST M2~IINTSNANCE APPROP ADJSTMTS BUDGET YTD ACTUAL ENCUMBRANCES BUDGET USED ------------------------------------------------------------------------------------------------------------------------------------ PRIOR FUND BALANCE 25,411.85 CHANGE IN FUND BALANCE 8,122.71 CURRENT FfAJD BALANCE 33, 534.56 CITY OF WINTER SPRINGS, fL4RIDA 1128 EAST 8TATE ROAD 434 WINTER BPRINQS, FLORIDA 32708-2799 Telephone (407) 327-1800 Ronald W. McLemore Ciry Manager MEMORANDUM TO: F1~OM: DATE: SUBJ: Mayor and Commission _.--- Ronald W. McLemore, City Manager May 26, 2004 Oak Forest Note Restructuring Below is additional information regarding the Oak Forest Note Restructuring. The Oak Forest Advisory Committee requested that $80,000 of excess capital funds for early retirement of debt be retrieved to complete projects in the original program of work that were previously authorized but deleted. The restructuring allowed the city to retrieve the $80,000 without any increase in assessments. The original loan amount of $723,262 at 4.67% was approved on June 16, 2002. This loan amount included the following: Outstanding Loan Amount from First Loan $495,906.86 New Proceeds for Construction $ 80,000.00 Miscellaneous Proceeds $ .14 Total $575,907.00 The new interest rate is 4.22%. This is a 6year-1 month balloon note terminating on July 1, 2010. At that time there will be remaining principal of approximately $332,000. At that time the city can choose to restructure the note or pay if off. This estimate does not assume any prepayments. We believe the note will be paid in full by December 2017 = 13'/z years. The original authority provided for payoff in 2030. /jp cc: Oak Forest Wall and Beautification District Advisory Committee Kip Lockcuff, Public Works/Utility Director Steve Richart, Urban Beautification Coordinator U:\Docs\Word\BUDaET\2004\052404 Oak Forest Loan Reshvcturing Memo.doc 052404_COMM Regular 505_Oak Forest Financing COMMISSION AGENDA ITEM 505 Consent Information Public Hearin Re ular X MGR. /Dept. Mav 24, 2004 Meeting REQUEST: The City Manager is requesting the Commission to: • Adopt Resolution No. 2004-17 authorizing (1) extension of the bank loan financing the Oak Forest assessment projects, and (2) obtaining an additional $80,000 for other projects in the assessment azea. PURPOSE: The purpose of this Agenda Item is to amend the original loan agreement with Bank of America to extend the maturity as was planned in the original financing and obtain an additional $80,000 for construction projects. CONSIDERATION: Interest rates were higher when the original loan was approved. This action will reduce the interest rate and provide for extension of the financing to 2010 as originally planned. RECOMIVVIENDATIONS: Approval of Resolution No. 2004-17 and authorize the City Manager, Mayor and staff to take action to facilitate closing the financing. ATTACHMENTS: 1. Resolution No. 2004-17 RESOLUTION N0.2004-17 A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF WIlV'I'ER SPRINGS, FLORIDA, ACCEPTING THE PROPOSAL OF BANK OF AMERICA, N.A., TO PROVIDE THE CITY WITH A $575,907 LOAN TO (i) REFINANCE THE CITY'S CAPITAL IIVIPROVEMENT REVENUE NOTE, SERIES 2000B, AND (ii) FINANCE THE COST OF A CAPITAL PROJECT IN AND FOR THE CITY, CONSISTING OF COMPLETING THE CONSTRUCTION OF THE OAK FOREST SUBDIVISION WALL; AUTHORIZING THE EXECUTION AND DELIVERY OF A LOAN AGREEMENT WITH SAID BANK PURSUANT TO WHICH THE CITY WILL ISSUE A NOTE TO SECURE THE REPAYMENT OF SAID LOAN AND WILL PLEDGE TO THE EXTENT PROVIDED THEREIN CERTAIN PLEDGED FUNDS TO SECURE THE REPAYMENT OF SAID NOTE; AUTHORIZING THE ISSUANCE OF A NOTE IN THE AGGREGATE PRINCIPAL AMOUNT OF $575,907 PURSUANT TO THE LOAN AGREEMENT TO SECURE THE REPAYMENT OF SAID LOAN; DESIGNATING SAID NOTE FOR THE EXCEPTION TO THE PROVISIONS CONTAINED IN THE INTERNAL REVENUE CODE OF 1986 WHICH DENY FINANCIAL INSTITUTIONS ANY DEDUCTIONS FOR INTEREST EXPENSE ALLOCABLE TO TAX-EXEMPT OBLIGATIONS; AUTHORIZING THE EXECUTION AND DELIVERY OF OTHER DOCUMENTS IN CONNECTION WITH SAID LOAN; AND PROVIDING AN EFFECTIVE DATE. BE .~ RESOLVED BY THE CITY COMMISSION OF THE CITY OF WIlVTER SPRINGS, FLORIDA: SECTION 1. AUTHORITY FOR THIS RESOLUTION. This Resolution is adopted pursuant to the provisions of Chapter 166, Part II, Florida Statutes, as amended, Chapter 72-718, Laws of Florida, Special Acts of 1972, as amended, being the charter of the City of Winter Springs, Florida and other applicable provisions of law. SECTION 2. FINDINGS. It is hereby ascertained, determined and declared: (A) The City of Winter Springs, Florida (the "City"), deems it necessary, desirable and in the best interests of the City that the City (i) refinance the City's Capital Improvement Revenue Note, Series 2000B, dated as of June 16, 2000 (the "Prior Note"), and (ii) complete the construction of the Oak Forest subdivision wall in accordance with the plans and {OR752004;2} City of Winter Springs Resolution 2004-17 Page 1 of 4 specifications on file or to be on file with the City, as the same may be modified from time to time (the "Project"), all as more particularly described in the Loan Agreement (as defined herein). (B) Bank of America, N.A. (the "Bank") has submitted a proposal to make a loan (the "Loan") to the City, the proceeds of which will be applied to refinance the Prior Note and finance the cost of the Project. (C) The Loan will be secured by the Loan Agreement pursuant .to which the City will issue a note (the " 2004A Note") to secure the repayment of the Loan. (D) The City is advised that due to the present volatility of the market for municipal debt, it is in the best interest of the City to issue the 2004A Note pursuant to the Loan Agreement by negotiated sale, allowing the City to issue the 2004A Note at the most advantageous time, rather than a specified advertised future date, thereby allowing the City to obtain the best possible price, interest rate and other terms for the 2004A Note and, accordingly, the City Commission of the City hereby finds and determines that it is in the best financial interest of the City that a negotiated sale of the 2004A Note pursuant to the Loan Agreement be authorized. (E) The Loan will be repaid from the Pledged Funds (as defined in the Loan Agreement) and the other sources provided for in the Loan Agreement. The ad valorem taxing power of the City will never be necessary or authorized to pay the amounts due on the Loan. (F) It is not reasonably anticipated that more than $10,000,000 of tax-exempt obligations under Section 265(b)(3) of the Internal Revenue Code of 1986, as amended (the "Code"), will be issued by the City in calendar year 2004. SECTION 3. AUTHORIZATION OF REFINANCING OF PRIOR NOTE AND COMPLETION OF PROTECT. The City hereby authorizes the refinancing of the Prior Note and the construction of the Project. SECTION 4. ACCEPTANCE OF PROPOSAL. The City hereby accepts the proposal of the Bank to provide the City with the Loan. SECTION 5. AUTHORIZATION OF LOAN AGREEMENT. The Loan and the repayment of the Loan by the City shall be pursuant to the terms and provisions of the Loan Agreement. The City hereby authorizes the Mayor or the Deputy Mayor/Commissioner of the City (the "Mayor") and the City Clerk or any assistant or deputy City Clerk of the City (the "City Clerk's to execute and deliver on behalf of the City the Loan Agreement by and between the City and the Bank substantially in the form attached hereto as Attachment A (the "Loan Agreement"), with such changes, insertions and additions as they may approve, their execution thereof being evidence of such approval. {OR752004;2} City of Winter Springs Resolution No. 2004-17 Page 2 of 4 SECTION 6. AUTHORIZATION qF 2004A NOTE TO REFINANCE THE PRIOR NOTE AND TO FINANCE THE COST OF THE PROJECT. The City does hereby authorize the issuance of the 2004A Note in the aggregate principal amount of $575,907 for the purpose of providing the City with sufficient funds to (i) refinance the Prior Note, and (ii) finance the cost of the Project. The Mayor or Deputy Mayor and the City Clerk or any assistant or deputy City Clerk are hereby authorized to execute, seal and deliver on behalf of the City the 2004A Note. The 2004A Note shall be issued in the principal amount of $575,907, shall bear interest at the initial interest rate of % and have a final maturity date of July 1, 2010. The 2004A Note shall have such other terms, all as set forth in the Loan Agreement and the 2004A Note authorized herein and executed and delivered in connection with the Loan. SECTION 7. DESIGNATION OF 2004A NOTE AS QUALIFIED TAX- EXEMPT OBLIGATIONS. The City hereby designates the 2004A Note as "qualified tax- exempt obligations" under Section 265(b)(3) of the Code. This designation is based upon the findings of the City set forth in Section 2(F) of this Resolution. The City acknowledges that any action which adversely impacts the status of the 2004A Note as "qualified tax-exempt obligations" will result in an upward adjustment to the interest rate on the 2004A Note. SECTION 8. LIMITED OBLIGATION. The obligation of the City to pay the 2004A Note is a limited and special obligation payable solely from the Pledged Funds in the manner and to the extent set forth in the Loan Agreement and shall not be deemed a pledge of the faith and credit or taxing power of the City and such obligation shall not create a lien on any property whatsoever of or situated within the City other than the Pledged Funds. SECTION 9. GENERAL AUTHORIZATION. The Mayor, Deputy Mayor, City Manager, City Clerk and Finance Director are authorized to execute and deliver such documents, instruments and contracts, and are hereby authorized and directed to do all acts and things required hereby as may be necessary for the full, punctual and complete performance of all the terms, covenants, provisions and agreements herein contained, or as otherwise may be necessary or desirable to effectuate the purpose and intent of this Resolution and the Loan Agreement. SECTION lO.REPEAL OF INCONSISTENT DOCUMENTS. All resolutions or parts thereof in conflict herewith are hereby superseded and repealed to the extent of such conflict. SECTION 11.EFFECTIVE DATE. This Resolution shall take effect immediately upon its adoption. {OR752004;2} City of Winter Springs Resolution No. 2004-17 Page 3 of 4 ~.; _, ,,, PASSED, APPROVED AND ADOPTED this 24th day of May, 2004. (OFFICIAL SEAL) CITY OF WINTER SPRINGS, FLORIDA By Mayor ATTEST: City Clerk Approved as to form: City Attorney {OR752004;2} City of Winter Springs Resolution No, 2004-17 Page 4 of 4 Attachment A LOAN AGREEMENT {OR752004;2} .. - . Compound Period ......... Daily Nominal Annual Rate ... : 4.220 CASH FLOW DATA 05/26/2004 9:36:35 AM Page 1 Event Date Amount 1 Loan 06/01/2004 575,907.00 2 Payment 08/01/20.04 15,000.00 3 Payment 12/01/2004 29,000.00 4 Payment 06/01/2005 29,000.00 5 Payment 12/01/2005 29,000.00 6 Payment 06/01/2006 29,000.00 7 Payment 12/01/2006 29,000.00 8 Payment ~ 06/01/2007 29,000.00 9 Payment 12/01/2007 29,000.00 10 Payment 06/01/200$ 29,000.00 11 Payment 12/01/2008 29,000.00 12 Payment 06/01/2009 29,000.00 13 Payment 12/01/2009 29,000.00 14 Payment 06/01/2010 29,000.00 15 Payment 010 0/01/2010 332,012.24 AMORTIZATION SCHEDULE -Normal Amortization Number Period End Date .ir°:,~a~ .,, :..,.,... r ~ Date Payment interest Principal Balance Loan 06/01/2004 575,907.00 1 08/01/2004 15,000.00 .4,075.76 10,924.24 564,982.76 2 12/01/2004 29,000.00 8,025.20 20,974.80 544,007.96 2004 Totals 44,000.00 12,100.96 31,899.04 3 06/01/2005 29,000.00 11,567.73 17,432.27 526,575.69 4 12/01/2005 29,000.00 11,259.23 17,740.77 508,834.92 2005 Totals 58,000.00 22,826.96 35,173.04 5 06/01/2006 29,000.00 10,819.81 18,180.19 490,654.73 6 12/01/2006 29,000.00 10,491.17 18,508.83 472,145.90 2006 Totals 58,000.00 21,310.98 36,689.02 7 06/01/2007 29,000.00 10,039.66 18,960.34 453,185.56 8 12/01/2007 29,000.00 9,690.00 19,310.00 433,875.56 2007 Totals 58,000.00 19,729.66 38,270.34 9 06/01/2008 29,000.00 9,277.12 19,722.88 414,152.68 10 12/01/2008 29,000.00 8,855.40 20,144.60 394,008.08 2008 Totals 58,000.00 18,132.52 39,867.48 11 06/0112009 29,000.00 8,378.15 20,621.85 373,386.23 12 12/0112009 29,000.00 7,983.73 21,016.27 352,369.96 2009 Totals 58,000.00 16,361.88 41,638.12 . _ ,. ,; J ` ''• ;~ 05J26/2004 9:38:35 AM Page 2 Data Payment Interest Principal Balance 13 06/01/2010 29,000.00 7,492.76 21,507.24 330,862.72 14 07!01 /2010 .332,012.24 1,149.52 330,862.72 0.00 2010 Totals .361,012.24 8,642.28 352,369.96 Grand Tatais 695,012.24 119,105.24 575,907.00 .r 1. R. x a" \ • s`i ~ a ~.~;5 Compound Period ........ : Daily Nominal Annual Rate ...: 6.220 CASH FLOW DATA 05/26/2004 9:27:59 AM Page 1 Event Date Amount Number Period End Date 1 Loan Q6/0112010 332,300.00 1 2 Payment 12/01/2010 29,000.00 ~ 1 ~3 Payment 06/01/2011 29,000.00 1 4 Payment 12/01/2011 29,000.00 1 5 Payment 06/01/2012 29,000.00 1 8 Payment 12/01/2012 29,000.00 1 7 Payment 06/01/2013 29,000.00 1 8 Payment 12/01/2013 29,000.00 .1 9 Payment 06/01/2014 29,000.00 1 10 Payment 12/01/2014 29,000.00 1 11 Payment 06/01/2015 29,000.00 1 12 Payment 12/01/2015 29,000.00 1 13 Payment 06/01/2016 29,000.00 1 14 Payment 12/01/2016 29,000.00 1 15 Payment 06/01/2017 29,000.00 1 16 Payment `2,8fi/01/2017 12,886.32 1 AMORTIZATION SCHEDULE ~- Normal Amortization Date Payment Interest Principal Balance Loan 06!01/2010 332,300.00 1 12/01/2010 29,000.00 10,525.21 18,474.79 313,825.21 2010 Totals 29,000.00 10,525.21 18,474.79 2 06/01/2011 29,000.00 9,884.8$ 19,115.12 294,710.09 3 12/01/2011 29,000.00 9,334.59 19,665.41 275,044.68 2011 Totals 58,000.00 19,219.47 38,780.53 4 06!01/2012 29,000.00 8,711.71 20,288.29 254,756.39 5 12/01/2012 29,000.00 8,069.11 20,930.89 233,825.50 2012 Totals 58,000.00 16,780.82 41,219.18 6 06/01/2013 29,000.00 7,365.04 21,634.96 212,190.54 7 12!01/2013 29,000.00 6,720.88 22,279.12 189,911.42 2013 Totals 58,000.00 14,085.92 43,914.08 8 06/01/2014 29,000.00 5,981.84 23,018.16 '166,893.26 9 12/01/2014 29,000.00 5,286.15 23,713.85 143,179.41 2014 Totals 58,000.00 11,267.99 46,732.01 10 06/01/2015 29,000.00 4,509.87 24;490.13 118,689.28 11 12/01/2015 29,000.00 3,759.34 25,240.66 93,448.62 2015 Totals 58,000.00 8,269.21 49,730.79 .• , ~. v ~ . ...•.. • 05/26/2004 9:27:59 AM Page 2 Date Payment Interest Prindpal Balance 12 06/01/2016 29,000.00 2,959.87 26,040.13 67,408.49 13 12/01/2016 29,000.00 2,135.08 26,864.92 40,543.57 2016 Totals 58,000.00 5,094.95 52,905.05 14 06/01/2017 29,000.00 15 07/01/2017 12,886.32 2017 Totals 41,886.32 1,277.04 27,722.96 12,820.61 65.71 12,820.61 0.00 1,342.75 40,543.57 Grand Totals 418,886.32 86,586.32 332,300.00 .- . • t~ ~ ~ ~ ,- Compound Period ........: Daily Nominal Annual Rate ... 7.220 CASH FLOW DATA 05/26/2004 9:31:11 AM Page 1 Event Date Amount Number Period End Date 1 Loan 06/01/2010 332,300.00 1 2 Payment 12/01/2010 29,000.00 1 3 Payment 06/01/2011 29,000.00 1 4 Payment 12/01/2011 29,000.00 1 5 Payment 06/01/2012 29,000.00 1 6 Payment 12/01/2012 29,000.00 1 7 Payment 06/01/2013 29,000.00 1 8 Payment 12/01/2013 29,000.00 1 9 Payment 06/01/2014 29,000.00 1 10 Payment 12/01/2014 29,000.00 1 11 Payment 06/01/2015 29,000.00 1 12 Payment 12/01/2015 29,000.00 1 13 Payment 06/01/2016 29,000.00 1 14 Payment 12/01/2016 29,000.00 1 15 Payment 06/01/2017 29,000.00 1 16 Payment `v p~/01/2017 32,319.78 1 AMORTIZATION SCHEDULE -Normal Amortization Date Payment Interest Principal Balance Loan 06/01/2010 ~ 332,300:00 1 12/01/2010 29,000.00 12,248.03 16,751.97 315,548.03 2010 Totals 29,000.00 12,248.03 16,751.97 2 06/01/2011 29,000.00 11,565.87 17,434.13 298,113.90 3 12/01 /2011 29,000.00 10,987.99 18,012.01 280,101.89 2011 Totals 58,000.00 22,553.86 35,446.14 4 06/01/2012 29,000.00 10,324.09 18,675.91 261,425.98 5 12/01/2012 29,000.00 9,635.73 19,364.27 242,061.71 2012 Totals 58,000.00 19,959.82 38,040.18 6 06/01/2013 29,000.00 8,872.36 20,127.64 221,934.07 7 12/01 /2013. 29,000.00 8,180.12 20,819.88 201,114.19 2013 Totals 58,000.00 17,052.48 40,947.52 8 06/01/2014 29,000.00 7,371.50 21,628.50 179,485.69 9 12/01/2014 29,000.00 6,615.55 22,384.45 157,101.24 2014 Totals 58,000.00 13,987.05 44,012.95 10 06/01/2015 29,000.00 5,758.28 23,241.72 133,859.52 11 12/01/2015 29,000.00 4,933.84 24,066.16 109,793.36 2015 Totals 58,000.00 10,692.12 47,307.88 +~ ~~ ~ ~ . K 05/26/2004 9:31:1.1 AM Page 2 Date Payment Interest ~ Prindpal Balance 12 06/01/2016 29,000.00 4,046.80 24,953.20 84,840.16 13 12/01/2016 29,000.00 3,127.07 25,872.93 58,867.23 2016 Totals 58,000.00 7,173.87 .50,826.13 14 06/01/2017 29,000.00 2,161.34 26,838.66 32,128.57 15 07/01/2017 32,319.78 191.21 ~ 32,128.57 0.00 2017 Totals 61,319.78 2,352.55 58,967.23 . Grand Totals 438,319.78 106,019.78 332,300.00 Oak Forest Wail and Beautification Dfstrtct CITY OF WINTER SPRINt3S MbNTIiLY LIGHTING IN5PECTI4N Date: ~~`~ ~ Z ~ ~ ~ Insuector. Steven Richert ______ Entrances: 1. Tuskawilla Road and Winter Springs Blvd. 2. Tnskawilla Road and Trotwood. 3. Tuskawilla Road and Oak Forest Drive. _ __ 4. Tuskawilla Road and Forest Creek Drive. (°1V( , Notes: - Mad 13 04 04:58p Eastwood Tuff Turf Eastwood TuffTurf of Central Florid, Lac. 1615 Oltlahoma Street Oviedo, FL 32765 M T W T F. S S M T W T F S S CURRENT `A' Run Days `B' Run Days CLOCK# _,~, (4071 3664547 p. 8 Job Name: COWS T~lla Rd Date: 4 7 Page~.._, of M T W T F S S M T W T F S S ADJUSTED `A' Run Days `B' Run Days `A' Start Time,,,,, `B' Start Time ZONE NllMBBR 35 34 33 32 31 30 24 28 27 26 25 24 SPRAY OR ROTOR (S or R) R S 5 R R S S S S S S S CURRENT RUN TLME min 80 80 85 80 80 80 84 80 80 TO 75 80 ADJUSTED RUN TIME DAYS OF WEEK Mw"rb F MwTn F w1wn, F MwTb F 1~lw~rn F MwTn F MWTh F lvlwrh F Mwrk r MwTb F w ~ Su Htw'r~ T START T1ME 4 am 4:30 2 am Sam 5:30 f2 am 12:30 1 am 1:30 2 am 1:30 2:30 NO FAULTS FOUND X X X 7C X X X X 4" POP UP 1 b" POP UP 12" POP UP ROTOR X CHANGE 4" TO 6" POP UP CHANGE 6" TO 12" POP UP HEAD RAISED SHRUB NOZZLE 2 RELOCATION LEAK IN HEAD LEAK IN PIPE VALVE NOT OPERATING OTHER -SEE COMMENTS COMMENTS: (Attach extra shcet if necessary):. Oak Forest Subdivision entrance on Forest Creek Dr has dr~brown soots on left and rl~ht side of entrance due to low pressure. Rob Schroeder 8t Martin Garcia INSPECTED BY . ,, . ~.~~~.~ 102.10 w""" SUPERPAINT~ EXTERIOR LATEX SATIN A89 SERIES CHARACTERISTICS SuperPaint Exterior Latex Satin is our ftnest quality extertor satin finish. This product fs recommended for use on alu- minum and vinyl siding, wood siding, clapboard, shakes, shingles, plywood, masonry, and metal down to a surface and air temperature of 35°F. Color. Most colors Coverage: 350 - 400 sq ft/gal c@ 4 mils wet; 1.44 mils dry Drying Time, ~ 50Y. RH: temperature and humidity dependent ~ 355°F ~ 45°F + Touch: 2 hour 2 hours Recoat: 24-48 hours 4 hours Flash Point: N!A Finish; 10-20 units @ 85° Tinting with Blend-A-Color: Base oz/gal Strength F~dra White 0-5 100% Light Yellow 412 100% Deep Base 412 100% l,Jltradeep Base 412 100% Vehicle•Type: Acrylic A89W51 VOC (less exempt solvents): 116 g/L; 0.87 Ib/gal Volume Solids: 36 t 2°h Weight Solids: 46 t 2°k Weight per Gallon: 10.0 Ib Provides pertormance which is compa- rable to the products that are formulated in accordance with federal specification: TT-P-19D A-A-3183 Mildew Resistant This coating contains agents which inhibit the growth of mildew on the surface of this coating film. SPECIFICATIONS Aluminum & Aluminum 3lding' 2 cts. SuperPaint Exterior Latex Satin Concrete Block, CMU, Spiltface Block 1 ct. PrepRite Block Filler 2 ds. SuperPaint Exterior Latex Satin Brick 1 ct. Loxon Conditionerz 2 cts. SuperPaint Exterior Latex Satin Exterior Drywall 1 ct. A-100 Exterior Latex Wood Primer 2 cts. SuperPaint Exterior Latex Satin Galvanized Steel' 2 cts. SuperPaint Exterior Latex Satin Stucco Cement, Concrete 1 ct. Loxon Masonry Primer 2 cts. SuperPaint Exterbr Latex Satin Plywood 1 d A 100 ExteriorLatex Wood Primer 2 cts. SuperPaint Exterior Latex Satin Steel' 1 ct. All Surface Enamel Primerz 2 cts. SuperPaint Exterior Latex Satin Vinyl Siding 2 cts. SuperPaint Exterior Latex Satin Wood, Composition Board 1 ct. A 100 Exterbr Oil Wood Primer 2 cts. SuperPaint Exterior Latex Satin ' On large expanses of metal siding, the air, surface, and material temperatures must be 50°F or higher. = Not for use at temperatures under 50°F. SURFACE PREPARATION WARNINGI Removal of old paint by sand- ing, scraping or other means may gener- ate dust or fumes that oorrtain lead. Ex- posure to lead dust or fumes may cause brain damage or other adverse health ef- fects, espedaly th children or pregnant women. Controlling exposure to lead or other hazardous substances requires the use of proper protedhre equipment, such as a propertyr fitted respirator M IOSH ap- proved) and proper containment and cleanup. For more information, call the National Lead Information Center at 1- 800-424LEAD (in US) or contact your local heaRh authority. Remove all surface contamination by washing with ProClean Professional® Prep Wash Concentrated Cleaner or other appropriate cleaner, rinse thor- oughly and albw to dry. t=xisting peeled or checked paint should be scraped and sanded to a sound surface. Glossy sur- faces shoukd be sanded dull. Stains from water, smoke, ink, pencil, grease, etc. should be sealed with PrepRlte ProBlock Primer Sealer. Caulking Gaps between windows, doors, trim, and other through waH openings can be fliled with Pro Select® Premium Siliconized AcryNc latex Caulk 1100A after priming the surface. Aluminum and Galvanized Steel Wash with a ProClean Professional Prep Wash Concentrated Cleaner to remove any oil, grease, or other surface contami- nation. All corrosion must be removed with sandpaper, steel wool, or other abrading method. Cement Composition Siding/Panels Remove all dirt, dust, grease, oil, loose particles, laftance, foreign material, and peeling or defective coatlngs. Allow the surface to dry thoroughly. If the surface is new, test it for pH, if the pH is higher than 8, prime with Loxon Masonry Primer. 2002653 1/2003 continued on back ::. a . J 102.10 SUPERPAINT® EXTERIOR LATEX SATIN 10189 SERIES SURFACE PREPARATION Masonry, Concrete. Cement, Block Ali new surtaces must be cured accord- ing to the supplier's necommendatlotls- usually about 30 days. Remove all form release and curing agents. Rough sur- faces can be filled to provide a smooth surface. If painting cannot wait 30 days, allow the surface to cure 7 days and prime the surface with Loxon Masonry Primer. Cracks, voids, and other holes should be repaired with ConSeal Patch or Sealant. Steel Rust and mill scale must be removed using sandpaper, steel wool, or other abrading method. Bare steel must be primed the same day as leaned. Stucco Remove any loose stucoeo, efflorescence, or laitance. Allow new stucco to cure at least 30 days before painting. If paint- ing cannot wait 30 days, allow the sur- face todry 5-7 days and prime with Loxon Masonry Primer. Vinyl Clean the surface thoroughly by scrub- bingwith warm, soapy water. Rinse thor- oughly. Wood, Plywood, Composition Board Sand any exposed wood to a fresh sur- face. Patch all holes and imperfections with a wood filler or putty and sand smooth. All patched areas must be primed. Mildew Remove before painting by washing with ProClean Professbnal Mildew Eliminator or a solution of 1 part liquid bleach and 3 parts water. Apply the solution and scrub the mildewed area. Allow the solution to remain on the surface for 10 minutes. Rinse thoroughly with water and albw the surface to dry before painting. Wear pro- tective eyewear, waterproof gloves, and protective clothing. Quickly wash off any of the mixture that Domes in contact with your skin. Do not add detergents or am- monia to the bleach/water solution. APPLICATION When the airtemperature is at 35°F, sutr strafes may be colder, prbr to painting, check th be sure the air, surface, and material temperature are above 35°F and at least 5°F above the dew point. Avoid using if rain or snow Is expected within 2-3 hours. Do not apply at air or surtace tempera- tures below 35°F or when air or surface temperatures may drop below 35°F within 48 hours. On large expanses of metal siding, the air, surface, and material temperatures must be 50°F or higher. No reduction necessary. Brush Use a nybn/polyester brush Roller Use a 3/8" - 3/4" nap synthetic Dover Spray-,Airless Pressure ............................... 2000 psi w Tip ................................... .015"-.0 7 CLEANUP INFORMATION Clean spills and spatters Immediately with soap and warm water. Clean hands and tools immediately after use with soap and warm water. After cleaning, flush spray equipment with mineral spirits to prevent rusting of the equipment. Follow manufacturer's safety recommendations when using mineral spirits. CAUTIONS For exterior use only. Protect from freezing. Non-photochemically reactive. Not for use on horizontal surfaces (floors, roofs, decks, etc.) where water will col- lect. LABEL CAUTIONS CAUT10NoordeinsCRYSTALLINESIUCAand ZINC. Use only with adequate ventilation. To avoid overex- poaure,open windows and doors or use other means b ensuretresh atentryduring appiicatbn and drying. B you experience eye waterlog. headaches, or dtui- r-ess, kraeasefresh air, orwear respiretoryprotection (NIOSH approved) or leave the area. Adequate ven- tilation roqulred when aarMkrg or abredkrg Ure dried flim. ^ adequate ventilation cannot bs provided wear unapproved partkxYaterespiretor(NIOSHapproved). Folbvr respirator manufacturefs dUections for respi- rator use. Awld contact with eyes and skin. Wash handsatterusing. Keep ~ntainertflosedwhennotin use. Do rat transfer contents to other containers for storage. FIRST AID: In case of eye contact flush thoroughywflhlarge anaunfaofwater. Getmedical attention fl trritatbn persists. Hswatlowed, can Poison Control Center, taepital emergency room, or physi- dan krar~dlatey. DELAYED EFFECTS FROM LONG TERM OVEREXPOSURE.Abreding or~andingoftlre dry flim may release crystalline spice which has been etawn to cause Nrrrg damage and career under bog term exposure. WARNING; This product ocntains chembab known to the State of Cepfomia to cause cancer and bkth deteda or other reproductlve harm. DO NOT TAKE IM'EtiNALLY.I~EP OUT OF THE REACH OF CHILAREN. LCE 1/21/2003 A89W51 ll4 00 The information and recommendations set forth in this Product Data Sheet are based upon tests conducted by or on behalf of The Shetwin-Williams Com- pany. Such information and recommen- dations set forth herein are subject to change and pertain to the product offered at the time of publication. Consult your Sherwin-Williams representative to ob- tafnthe most recent Product Data Sheet. 0 V • ~~ 102.14 ~. www.sherwirFwgllsms.com . «;,. Pi~~~ s TM Duration EXTERIOR LATEX SATIN COATING K33 SERIES DESCRIPTION CHARACTERISTICS APPLICATION DURATIONTM Exterior Latex Coating is the result of advances In acrylic technol- ogy. DURATION uses PermaLastTM technology to provide you with the most durable and bngest lasting coating avail- able for protecting the outside of your home. Performance • One Coat Protection • Self-Priming • Easy Application • Superbr Hiding • Thicker. More Flexible • Resists Blistering and Peeling Projects • Homes • Windows • Gutters • Trim • Architectural plastics, such as shutters & gutters SU C6S • Wood • Stucco • Masonry/Cement Composition Panels • Aluminum Siding • Vinyl Siding • Galvanized Metal MILDEW RESISTANT. This coating conta(ns agents that inhibft the growth of mildew on the surface of this coating. Provides pertormance which is compa- rable to the products that are formulated in accordance with federal specification: A-A-3183 TT-P-19D Color: Most colors Coverage: 250-300 sq ft/gal up to 7.0 mils wet; 2.8 mils dft Drying Time, Q TT°F, 507. RH: temperature and humidity dependent (g? 35.45°F (a~ 45°F + Touch: 2 hour 1 hour Recoat: 24-48 hours 4 hours Flash Point: WA Finish: 10-20 units ~ 60° Tinting with Blend=A-Color: Base ozfgal Strength Extra White 0-6 125% Light Yelbw 4-15 125°k Deep Base 4-15 125% Ultradeep Base 4-15 125°~ Vehicle Type: Acrylic K33W151 VOC (less exempt solvents): 117 g/L; 0.98 Ib/gal Volume Solids: 40 t 2°~ Weight Solids: 52 t 2% Weight per Gallon: 10.3 Ib CLEANUP INFORMATION Clean hands end tools lmmed7ately after use with soap and wane water. The PermaLast technology In DURATION, which creates the tenadous bond to the surface, also creates a tenacious bond to applicators and any other surface ff Domes in contact with. You may want to dean occasionaly during use. After leaning, flush spray equipment wffhmin- erslspirits to prevent rusting of the equipment. Follow manufacturers safety recommenda- tlonswhen using mineral spirits. Thoroughy folbw the recommended surface preparetbns. On repak~t work, appy one coat of DURATION coatng; on bare surfaces, ap- pytwo coats of DURATWN, allowing 4 hours drying between costa. Appy using a brush, roller, or spreyer. Thin- ning not nom,aly required. Do not paint in di- rect sun. Apply at temperatures above 35'F. During applicatlon at temperatures above 80°F, DURATION sets up quickly. Some ad- justment byour painting approach may be required. Paint from a dry area into the ad- joining wet coating area. Dries to touch in 1 hour and is ready for service overnight. Previousy Painted Surtaoes -Spot prime bare areas with DURATION, waft 4 hours, and paint the entlre surface. Some spedfic sur- faces requhe spedalized treatment. Unpainted Surfaces -DURATION can be used as a self-primk~g coating on many bare surfaces. When used this way, the first coat of DURATION ads fike a coat of primer and the second coat provides tl~e final appearance and performance. However, some spedflc surfaces require spedalized treatment. See folbwtng surface preparetions. Appy at temperatures above 35°F. When the airtemperature b at 35'F, substrates may be colder; prior to painting, check to be sure the air. sunTacs, and material tempera- ture are above 35'F and at least 5'F above the dew point. Avoid using ff rain or snow is expected within 2-3 hours. Do not appy at ak or surface temperatures bebw 35'F or when air or surface tempera- tures may drop bebw 35"F within 48 hours. On large expanses of metal siding, the air, surface, and material temperatures must be 50°F or higher. No reduction necessary. Brush - Use a nybn/polyester brush. Roller - Use a 3/8" - 3/4" nap synthetic cover. Spray-Airless Pressure ....................................... 2000 psi ._ " Tip ........................................... .015 0 8 Reduction ............................................ none 2005153 10!2002 continued on back •- ~s • M 102.14 Durationr"" EXTERIOR LATEX SATIN COATING K33 SERIES ~. . ~. ~~*~ SURFACE PREPARATION SURFACE PREPARATION CAUTIONS WARNINGI Removal of okt paint by sand- ing, shaping or other means may generate dust or fumes that contain lead. Exposure to lead dust or fumes may cause bre~dla~m'yge or other adverse health efteds, children or pregnant women. Controlling ex- posure to lead or other hazardous sub- stances requires the use of proper proteo- five equipment, such as a fitted res- pire~r (NIOSH app and pproper wn- tainmentand deanup. Formore Information, call the National Lead Information Center at 1-800~24LEAD (in US) or contact your lo- cal heath authority. Most coating failures are due to inadequate surface preparation or ptcatbn. Thorough surface pre ration wl~ help provide long term protection with DURATION coatingg. Remove all surface wntamination, includ- ing mildew and chalk, by washing with ProClean ProfessbnalTM Prep Wash Con- centrated Cleaner or other leaner, rinse thoroughly and allow to dry. Scrape and sand existing peeled or cracked paint to a sound surface. Remove any oil or grease with awater-based degreasing cleaner. Sand glossy surfaces dull. All rust must be removed. Seal stains from water, smoke, gratTiti, grease, etc. with PrepRite ProBlodc Primer/Sealer. Caulking-After leaning the surface thor- oughly, caulk around windows, doors, and other openings with Pro SeledTM Premium Siliconized Acrylic Latex Caulk 1100A after spot priming any bare surfaces in these ar- eas with DURATION or other appropriate primer. Aluminum and Galvanized Steel -Wash with ProClean Professional''" Prep Wash Concentreted Cleaner or other water based degreasing cleaner to remove any oil, grease, or other surface contamination. All corrosion must be removed with sandpape', steel wool, or other abrading method. After cleaning any corrosion from galvanized steel, apply 1 coat of All Surface Enamel Primer. Cement Composition Siding/Panels - Pressure clean, if needed, with a minimum of 2100 psi pressure to remove all dirt, dust, grease, oil, loose ~~artldes, laitance, foreign material, and peeling or defective watinggs. Allow the surface to ~ thoroughly. If Bye surface is new, test it or pH, if the pH is higher than 8, prime with Loxon Masonry Primer. Cement, Concrete, Masonry, Block -All new surfaces must be cured awording to the suppplier's recommendations-usually about 30 days. Remove all fotrrt release and curing agents. ff painting cannot wait 30 Sys, allow the surface to cure 7 days and prime the surface with Loxon Masonry Primer. if a smoother finish ~ desired on rouggh surfaces, use Loxon Block Surfacer or PrepRite Block Fiilsr. Attar powerwashing,previouslypainted ma- sonrymay still have a powdery surface that should be sealed with Loxon Conditioner and then apply 1 coat of DURATION. Composition Board/Hardboard -Sand any exposed wood to a fresh surface. Patch all holes and imperfections with a wood filler or piny and sand smooth. Because of the potential for wax bleeding out of the aub- strete, we recommend 1 coat of A-100® Exterior Oil Primer and then 1 coat of DURATION. i3kterlor Drywall - Fpl nadks and holes with an exterbr grade patching paste/spadde and sand smooth. Remove ap sanding dust. Steel - Rust and mill scale must be removed using sandppaper, steel wool, or other abred- ing metitod. To prevent surface rusting on ~ steel, apply 1 coat of All Surface Enamel Primer and then 1 coat of DURATION. Stucco -Remove any loose stuwo, efflo- rescenoe, or laitance. Allow new stukxo to cure at least 30 days before painting. If painting cannot waft 30 days, allow the sur- face to dry 5-7 days and prime with Loxon Acrylic Primer. Vinyl Siding - Clean the surface thoroughly by snubbing with warm, soapywater. Rinse thoroughly. Do not paint vinyl siding with any color darker than the original color. Painting with darker colors may cause the siding to warp. Wood -Sand any exposed wood to a fresh surface. Patch all holes and imperfections with a wood filler or putty and sand smooth. Knots and some woods, such as redwood and cedar, contain a high amount of tannin, a wbred wood extract. If applied !n these bare woods, the first coat of DURATION may show some staining, but h will be trapped in the first wet. A second wet will uniform the appearance. If staining persists, spot prime severe areas with 1 wet of A-100 Exterior Oil Wood Primer prior to using DURATION. For exterior use only. Prated from freezing. Non-photod~emically readNe. LABELCAUTION3 CAUTION contains ANTIMONY, CRYSTALLINE SILK:A,andZINC. UseonlywNhadequeteventilation. To suck! overexposure, open windows and doors or use other means fo ensure fresh ant entry during appgcauon ~ drying. K you expsrterae eyewater- krg, headaches, or diuineas, Irrcrasae fresh air, or wearrespkatory protectlorr (NIOSH approved) orieave thearea. Adequa(eventilatbnrequirodwhensarxNng or abrading the dried film. H adequate ventilation cannot be provided wear an approved particulate respirator (NIOSH spproved). Follow respirator manufacturers directions for respiretor use. Avoid oorrtad wqh. ayes and skin. Wash hands after using. Keep container 'dosed when rat kt use. Do not transfer contents to other kxxrtakrere for storage. FIRST AID: In case of eye eontad flush ihoroughy with large amounts of water. Get medical at6entbn if irritation persieta. K ewagovved, CaN Poison Control Cerrtsr, hoapi~l emergency room, or phyakian im- medfately. DELAYEDF_FFECTSFROMLONGTERM OVEREXPOSURE. Abrading or sand(ng of lire dry flkrr may release crystalline silica whk~r has been shown to cause lure damage and cancer under bng tens exposure. WARNING: This ptodud contains cirorrrk:ala known to the State of CalHomia to cause cancer and birth detects or other reproductive harm. DO NOT TAKE INTERNALLY. KEEP OUT OF THE REACH OF CHILDREN. Do not apply on Soya end other driklren's articles or furniture. LCE 10!28/01 K33W150200 The information and recommendations set forth in this Product Data Sheet are based upon tests conducted by or on behalf of The Sherwin-W111iams Com- pany. Such informatbn and recommen- dations set forth herein are subject to change and pertain to the product offered at the time of publication. Consult your Sherwin-Williams representative to ob- tainthe most recent Product Data Sheet.