HomeMy WebLinkAbout11-27-1972 SS
I
I
I
MINUTES OF THE
CO~il~ISSION OF THE
27,
SPECIA~ MEETING OF THE CITY
CITY, OR!OCOEE HELD NOVEMBER
197~ 1\)
I .
r4ayor Hubert W. Fox, Comms. Frank Turner, Robert Lyle,
Carmon Hamby, O. David Harper
I
!
The special meeting of the City Commission was called to order by Mayor
Fox at 7:32 -F.M. I.. . .
Bob Watson was present from Stone & Youngberg, Municipal Financing
Consultants, Inc. to answer questions from the Commission on financing
for the Water Tank. Mabor Fo~ asked if there was a~clause stating
that they could pay th~s debt off before the 25 yr. term. Mr. Watson
stated that they COU1~paY the debt off with a penalty in 1982.
The bond issue could e expanded to take in sewerage plans but not
city hall building. ity .Commission would have to take out new bond
issue for municipal building financing.
PRESENT:
ABSENT:
NONE
Comm. Lyle made a motion to accept the proposal of $300,000.00 Bond
Issue from Stone & Youngberg and that we use the 25 Yr. term, with
the stipulation that the final resolution be subject to approval by
the City Commission and the Bonding Company. Motion aas seconded by
Comm. Harper and carried with a YES vote from Comms. Turner, Lyle,
Hamby, Harper. No NO's.
Contracts were signed by the Mayor'and Clerk and sealed with the
City of Ocoee Seal.
Comm. Harper made a motion to amend the $300,000.00 bond issue to
$400,000.00 with the stipulation that the extra $100,000.00 would
not be used unless approved by the City Commission. Motion was
seconded by Comm. Turner and carried with a YES vote from Comms.
Turner, Hamby, Lyle, Harper. No NO's.
Comm. Turner made a motion to have Chiaago, Iron and Bridge Works
contacted to go ahead because the City now had the financing. The
motion was seconded by Comm. Harper and carried with a YES vote from
Comms. Harper, Turner, Lyle, Hamby. No NO's.
Mayor Fox imstructed the City Manager to contact Richardson of
Chicago, Iron and Bridge and Walter Khurt, City Engineer and nave
,-completed plans by January 3, .1973.
City Manager John L. Vignetti suggested work session with the city
engineer on Thursday night, November 30, 1972.
Comm. Turner made a motion to give approval on tentative plans of
Scotty's Builders. Motion was seconded by Comm. Lyle and carried
with a YES vote from Comms. Turner, Lyle, Hamby, Harper. No NO's.
There being no further business, Comm. Harper made a motion to adjourn
the special meeting. Motion was seconded by Comm. Turner and carried
with a YES vote from Comms. Turner, Lyle, Hamby, Harper. No NO's
Meeting adjourned at 8:37 P.M. ----
'-.7
ATTEST:
! j
\...
I
/h41{ MA~'o6EE
D. CLERK
I
I