HomeMy WebLinkAbout07-28-05 Minutes WS
MINUTES
OCOEE CITY COMMISSION
July 28, 2005 at 6:30 P.M.
VISIONING WORKSHOP
I A. CALL TO ORDER
Mayor Vandergrift called the regular session to order at 6:30 p.m. in the Commission
Chambers of City Hall. City Clerk Eikenberry called roll and declared a quorum present.
Roll Call: Mayor Vandergrift, Commissioner Johnson, and Commissioner Parker
Absent: Commissioner Anderson and Commissioner Howell.
Also Present: City Manager Frank, City Attorney Rosenthal, and City Clerk Eikenberry.
I DISCUSSION REGARDING CROWN POINT (THE COCA COLA PROPERTY)
Finance Director Horton and Financial Advisor Mark Galvin gave a presentation on the
history of the Crown Point Property since the City had acquired it in December 2000. The cost
for 316 acres was $3,750,000. The City and Orange County School Board jointly purchased this
property from the Coca Cola. The City's portion of the purchase was for 203 acres at a purchase
price of$2,009,113, plus closing costs. The School Board purchased 115 acres.
They gave a summary of the funding process and the financial summary for the project. The
budget issue before the City now is that a principal and interest payment of $948,500 is due on
December 1,2005. They reviewed the following options:
. Sell all or a portion of the property
. Restructure existing loans (taxable and tax-exempt) - interest only for 2 to 5 years
. Keep property and use for governmental purposes - Issue tax-exempt bonds
. Combination of all of the above
Discussion among the Commission, Community Development Director Wagner, City Manager
Frank, and City Attorney Rosenthal included 1) the original intent to sell off a portion of the land
to pay for projects on the remainder, 2) the wetlands, 3) budget impact under different scenarios,
and 4) balancing the budget based on the 4.5789 millage rate and provide options showing the
budget impact of the different alternatives.
Commissioner Anderson mentioned that he would still like to see the stormwater and garbage
fees be placed on the tax roll on an annual basis in the future.
Consensus of the Commission was to direct staff to continue in the direction they have been
2oin2. movin2 forward with an RFP for the sale of a portion of the property. and brin2 it
back before the Commission before proceedin2 further.
City Commission Regular Meeting
July 19,2005
Mayor Vandergrift asked the Commissioners what they would like to discuss during the next
visioning workshop:
Commissioner Johnson - said Downtown Revitalization the Commissioners advised what they
Commissioner Parker - said the issue of what the population will be in the year 2020 and what
we need to do to accommodate a City that will double in size.
Mayor Vandergrift - said he would like to formulate a Mission Statement that answers what we
want Ocoee to be, and how will Ocoee stand out as special?
The date and time for the next Visioning Workshop will be coordinated by Executive Assistant
Cowan.
The meeting adjourned at 7:15 p.m.
Attest:
APPROVED:
City of Ocoee
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