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Home My WebLink About081672 MINUTES City Commission, Sanford, Florida August 16. at 11:30 A. M. M?I~RTATE LR~AI, SUPPLY COMPANY The City Commission of the City of~Sanford, Florida; met in adjourned regUlar seSsion at the City Hall in the City of Sanford, Florida~ at 11:30 o'clock A. M. on AugUst 16, 1972.: Present: Mayor-Commissioner Lee P. MOore Commissioner A. A. McClanahan Commissioner Gordon T. Meyer Commissioner John G. Morris Commissioner Julian L. StenStrom City Attorney W. C. Hutchison, Jr. ~City Managec~W. E. Knowles City Clerk H. N. Tamm, Jr. Deputy Clerk Rosa~M, Rotundo' Police Chief Ben E. Butler The meeting was called to order by the Chairman. The first item of business was to receive bids for the sale of $1,325,000.00 Water and Sewer Revenue Certificates, Series 1971, as proposed and described in a "Notice of Sale" pub- lished in the Sanford Herald on July 28, 1972, and in the Daily Bond Buyer on July 31, 1972, as follows: NOTICE OF SALE $1,325,000,00 WATER AND SEWER REVENUE CERTIFICATES, SERIES 1971 CITY OF SANFORD, FLORIDA SEALED BIDS will be rec&iVed'by'the~City Commis~ion'of the CitY' of Sanford, Florida in~e Chambers' of the City COmmiS'Jion City Hall, Sanford, Florida' to and including 11:30 A.M. EDST, August 16, 1972, for the'pUrchase of $1,325,000 Water and S'ewer~ Revenue Certificates, Series 1971 of said City, dated November 1, 1971, With semi-annual interest payable May 1 and November 1. Such Certificates will be coupOn Ce.~t'ifid'ates,'and will mature serially in mUmeri- cai order on November 1 in the years .1974 through 1997,-inclusive. Such Certificates will be payable solely from and secured by a lien upon and ~a pledge of the net revenues derived from t~operation of"the system'of the City on a parity with cz Outstanding'Certificates,~more PartiC~Iarly~described~in the OrdinanCe,'subject, however, to tha lien on the revenues of the Water'system of the combined water and~Sewer system of certain out- standing Series B Refunding Bonds of the City dated March 1, 1937, in the manner provided in the Ordinance authorizing SuchCertificates. ...... 'The successful bidder will be furnished the unqualified approving opinion of Messrs. Freeman, Richardson, Watson Slade & McCarthy, Jacksonville, Florida. Copies of the Official Notice of Sale, Official statement, Bid Form and other pertinent information may be obtained from Pierce, Wulbern,.Murphey, Inc., 1150 CNA Bldg., Orlando, Florid~ 32801 or the undersigned. The City reserves the right to reject any and all bids, or waive any irregularity or informality in any bid. A tabulation of bids is as follows: Bidder John Nuveen & Company Wilson White, Belf, Lake Rochlin Co. Pierce, Wulbern, Murphey, Inc. Blythe, Eastman Dillon CITY OF SAN-FORD, FLORIDA H. N. TAMM, JR., CITY CLERK Net Interest' Cost ~Interest.'COst. $1,251,258.00 1,256,027.50 1,268,000.00 1,293,763.75 5.3535 5.373954 5.4251 5.5354 5.5~195 MINUTES City Commission, Sanford, Florida Au. gust 16 at 11: 30 A. M. 1972 After consideration of the bids and on recommendation of Loomis C. Leedy, Jr., Fiscal ~gent for the City, Commissioner Meyer moved to authorize the acceptance of the low bid of John Nuveen & Company. Seconded by Commissioner Morris and carried. Commissioner Meyer next i~troduced Resolution No. 1118 and after being read in full, noved on its passage and adoption. zote of the Commission. Said Resolution No. 1118 being in words and ~igures as follows; WHEREAS, the City Commission of the City of Sanford, Florida, has met on August 16, [972, at 11:30 A. M., EDST, to open and consider all bids submitted for $1,325,000 Water and Seconded by Commissioner Morris and carried by the unanimous Net Interest Cost $1,251,258.00 1,256,027.50 1,268,000.00 1,293,763.75 1,295,292.50 1,329,683.00 ;hat; ~nd it appearing to the City Commission, after due consideration, that the bid of John Nuveen Co. in the amount of One Million Two Hundred Ninety-eight Thousand Five Hundrmd Forty-two and No/100 Dollars ($1,298,542.00) and accrued interest for the $1,325,000 Water and Sewer Revenue Certificates, Series 1971, bearing interest as hereinafter stated, is the highest and best ~eceived; NOW, THEREFORE, BE IT RESOLVED by the City Commission of the City of Sanford, Florida, .nterest as follows: Certificates Maturing SECTION 1. The said Water and Sewer Revenue Certificates, Series 1971, be awarded to John Nuveen & Co. in the amount of $1,325,000 and accrued interest for said Certificates bearing Interest Rate 1974 to 1982 7% 1983 to 1989 5.2.5% 1990 to 1995 5.50% 1996 &~ 1997 4% SECTION 2. The said Water and Sewer Revenue Certificates, Series 1971, shall be de- livered to the successful bidder on or about September 15, 1972, at New York City. SECTION 3. Such certificates shall be payable at The Florida State Bank of Sanford, Sanford, Florida. SECTION 4. l~This Resolution shall take effect immediately upon passage. PASSED AND ADOPTED this 16th of August, 1972. Attest: s/ H. N. Tamm, Jr. City Clerk s/ Lee P. Moore, Mayor Sewer Revenue Certificates, Series 1971; and WHEREAS, the following bids were submitted: Bidder John Nuveen & Co. Wilson White, Belf, Lake Rochlin Co. Pierce, Wulbern, Murphey, Inc. Blythe, Eastman Dillon Merrill, Lynch, Pierce, Fennel & Smith CBWL - Hayden Stone MINUTES City Commission, S~nford, Florida....., August, 16 at 11:30 A. M. 19 72 MID~qTA'PE LEGAL .qlTPPLY CAgMPANY Request next submitted by J. Brailey Odham, Developer, to waive the requirement of Ordinance No. 1065 as to date of payment .of the water, sewer and drainage cOntrol charge and offered to pay $100.00 at the setting of each water.meter with the balance to be paid on the closing of the sale of the property; and on motion of Commissioner Morris, seconded by Commis- sioner McClanahan and carried, the request was denied. After discussion, Commissioner Meyer moved to authorize the City Manager to attend hearings held by the Local~ Government Study Commission of the State Legislature to represent and speak in behalf of the City. Seconded by Commissioner Morris and carried. On motion of Commissioner McClanahan, seconded by Commissioner Morris and carried, the Commission authorized a telegram to be sent opposing federal regulations of local bond issues to classify income from facilities as proceeds from the sale of bonds. On motion of Commissioner Meyer, seconded by Commissioner Stenstrom and carried, Ordinance No. 1087, entitled: AN ORDINANCE OF THE CITY OF SANFORD, FLORIDA, ANNEXING TO AND INCLUDING WITHIN THE CORPORATE AREA OF THE CITY OF SANFORD, FLORIDA, THE AREAS DESCRIBED HEREINAFTER, IN ACCORDANCE WITH THE PROVISIONS OF CHAPTER 57-1815,LAWS OF FLORIDA, ACTS OF 1957. was introduced and placed on its first reading and read in full. Commissioner Meyer then moved on the waiver of the requirement of the second reading of Ordinance No. 1087 and that same be placed on its final passage and adoption. Seconded by Commissioner Stenstrom. Thereupon, the question recurred on the waiver of the second reading, the roll was called and the vote stands as fOllows: Mayor Moore Commissioner McClanahan Commissioner Meyer Commissioner Morris 'Commissioner Stenstrom Yea Said Ordinance No. 1087 was then placed on its final passage and adoption, the roll was called and the vote stands as follows: Mayor Moore Commissioner McClanahan Commissioner Meyer Commissioner Morris Commissioner Stenstrom Yea !! Thereupon, the Chairman announced that the City Commission of the City of Sanford, Florida, by unanimous vote~ had passed and adopted said Ordinance No. 1087, entitled: AN ORDINANCE OF THE CITY OF SAN-FORD, FLORIDA, ANNEXING TO AND INCLUDING WITHIN THE CORPORATE AREA OF THE CITY OF SANFORD, FLORIDA, THE AREAS DESCRIBED HEREINAFTER, IN ACCORDANCE WITH THE PROVISIONS OF CHAPTER 57-1815, LAWS OF FLORIDA, ACTS OF 1957. After consideration, Commissioner Meyer moved to authorize a public hearing to be held on September 11, 1972, to consider the rezoning of annexed property and to authorize the City Clerk to advertise same, as follows: MINUTES Ciiy Commission, Sanford, FlOMda August 16 at 11: 30 A. M. .19. 72 All Blocks 1, IN & 2N in Tiers 17, 18, 19, 20 & 21 & Vacated portion of Pomegranite Avenue North of Fulton Street, Vacated portion of Mulberry Avenue NOrth of Water Street, & Vacated portion of Water Street West of Mulberry Avenue in the Town of Sanford; Ail land lying North of Block 2N in Tiers 17 & 18 and South of the Road in Sections 23 & 26-19-30; Ail land lying between Tamarind Avenue and Jessamine Avenue~and North of Block 2N in Sections 23& 26-19-30; Beg. 51.6 feet West & 1468 feet South of the N~ sec post of 26-19-30 Run East 330 feet North to Lake Monroe NWly along lake to a point North of Beginning South to beg less Road in Sections 23 & 26-19-30; Beg 284 feet East of Sk sec post 23-19-30 Run East 295.5 feet North to LaEe Monroe NWly along lake to a point North of Beginning South to beg less Road Section 23-19-30; East 330 feet of the West 614 feet of the NEk North of St. Gertrude Avenue less the North 804 feet of the East 34.5 feet in Sec 26-19-30. Seconded by Commissioner Stenstrom and carried. Request submitted by Lucius C. Bannon, owner of 10 acres of land abutting Lake Reser- voim, east of US 17-92, to rezone said property to multiple family district, and same was re- ferred to the Zoning and Planning Commission for.recommendation. There being no further business, the meeting adjourned at 12:20 P. M. lm MAYOR