090153MINUTES
September i at 8 P. M ~ 53
City Commission, Sanford, Florida, . ...................................................... : ........ ly ........
The City Commission of
Hall in the City of Sanford,
Present:
Meeting called to
Fr(~d H. Williams,
Avenue and 15th Street,
the City of Sanford, Florida, met
Florida, at 8:00 o'clock P. M. September l,
City
C~y
City
Commissioner Randall Chase, Mayor
" J.D. Cordell
" John D. Ivey
" John L. Kadet
" W.H. Stamper
Attorney A. Edwin Shinholser
Clerk H. N. Sayer
Manager Thcs. L. Lemon
order by the Chairman.
in adjourned session at the City
1953.
Joint owner with O. L. Barks of the property at southeast corner of French
appeared and requested the Commission to either rezone this property for
and operated thereon, or, fur-
rezone it for such purpose so
He pointed out that the Plan-
all the property in that area be re-
commercial use in order that retail oil business be constructed
nlsh them a letter stating that it is the intent of the City to
that their negotlatlons with the oil company can be consummated.
ming Board had already recommended to the Commission that
zoned for commercial use.
Thereupon the Chairman advised Mr. Williams that the
Commission had accepted the recommenda-
tions of the Planning Board for rezoning the balancc of the property on French Avenue for com-
mercial use, but was withholding action until final proceedings on acquiring the rights of way
The matter of furnishing them a letter to the
taken under advisement.
Inc., smd W. T. Anderson of Anderson Cook Compsny,
for widening the street are farther advanced.
effect that the property will be rezoned was
Carl Nelson of Sullivan, Nelson & Goss,
the City's fiscal agents and financial advisors on the proposed sanitary sewerage and water-
works improvements, next appeared and submitted additional schedules of water and sewer service
charge rates for financing the revenue bonds. They stated that sfter careful analysis of all
the engineering reports submitted, and taking into consideration a sound initial progrsm of
financing, t?mt it was their recommendation that the City issue $1,400,000.00 revenue bonds,
which could be fidanced by imposing s sewer service charge of 68% of the water bills, with
minimum charge of $1.65 per month and maximum of $2.89 on single residence, together with
pledge of water revenue and $25,000.00 of Zhe utilities tax. They stated that from a financing
standpoint, it would not be their recommendation to issue only around $1,000,000.00 of bonds
and reduce the initial phase of construction accordingly, when the consulting engineers state
that it will cost a minimum of SI,100,000.00 to proceed with a sound sewer improvement program,
which does not include the proposed waterworks improvements. They also recommended t~t the
maximum issue not exceed $1,500,000.00 because they felt that it would not be feasible for
the City to levy s sewer service c~mrge sufficient to finance more than t.his amount. Also,
recommended that the bonds be offered for sale at a discount in order to secure a lower in-
terest rate, and pointed out the problems and difficulties in eel]lng munlcipsl bonds without
attractive covenants because of the millions of dollars of them being offered for sale through-
out the nation.
After considerable discussion action was deferred,pen~ing receipt of additional plans
and cost estimates from the consulting engineers.
Furt?~r consideration next given to the division of proceeds from proposed sale of the
property described as Lots 6 thru 9 of Block I1 Tier 8, E. R. Trsfford's Map, acquired by the
County thru foreclosure of tax liens and dedicated for use as a Public Park, against which the
City held tax smd special assessment liens in sum of $3,478.03. Offer having been received to
MINUTES 99
City Commission, Sanford, Florida, . .......... .8..e.J.).t...e.'~.b...e..r.....1.....a..~....8.....P.....~......19...-~-3.
After discussion Commissioner Ivey moved that the City Nsnager be authorized to appear
before the Board of County Commissioners ~t their next regular meeting and submit offer to
City to relinquish all its rights in the aforesaid property, ur ovlded the County will assume ell
obligation as to rights of way for widening French Avenue.
Seconded by Commissioner Stemper and carried.
The Commission then proceeded to a further study of the budget of revenues and expenditures
for fiscal year 1953-1955, after which the meeting adjourned until 8:00 o'clock P. M.
September 3, 1953.
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