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052984-Regular Session MINUTES City Commission, Sanford, Florida May_ 29 at 7:00 P. M. 1984 The City Commission of the City of Sanford, Florida, met in Regular Session in the City Hall in the City of Sanford, Florida, at 7:00 o'clock P. M. on May 29, 1984. Present: Mayor-Commissioner Lee P. Moore Co~]issioner Milton E. 'Smith Commissioner Edward A. Yancoy Con~nissioner David ~. Fart Commissioner Edwin O. Keith City Attorney William L. Colbert City Manager W. E. Knowles : City Clerk H. N. Tamm, Jr. The meeting was called to order by the Chairman. A public hearing was held in accordance with notices authorized at meeting of May 14, 1984, to consider condemnation of structures or buildings on Condemnation Group No. 75, Reports Nos. 84-1113 through 84-1117. The Chairman announced that the Commission would hear from property owners or representatives thereof. A review of the reports were as follows: _R_eDort No. Address Owner 84-1113 84-1114 84-1115 84-1116 86-1117 418 Holly Av. 1003~ W. 7th St. 1011 Pecan Av. 1612 Mulberry Ay. 1308 W. 3rd St. Richard D. Gwinn ~ Julius & Corine Duval Ralph A. & Monna W. Jarvis Louise White Johnson Bernette O. Smith No one appeared. After consideration, Commissioner Yancey moved that finding the buildings under Condemnation Reports Numbers 84-1113 through 84-1117 to be'unsanitary, unsafe and delapidated, that said structuros be condemned and the owners givon 90 days in which to repair or demolish said structuros; and if the structures are not repaired or demolished within 9£3 days, to auti~orize the City to demolish same and levy a lien against the property. Seconded by Commissioner Smith and carried. The next item of.business was the continuation of a publiC hearing'to consider an Appeal of the Approval of a Conditional Use for an Auto Parts and Salvago Yard, on a portion of the property lying South of A!bright Road and abutting the West right-of-way line of Airport Boulevard, tabled at meeting of May 14, 1984. The Mayor reporte~ that at Special Meeting on May 18, 1954, the roquest for Conditional Uso was referred to the Planning and Zoning Commission. No one appeared. A public hearing was held in accordance with notice published in the Evening Herald on May 9 and 18, 1984, as ~ol!ows: MOTICE O? A PUBLTC HEARING OF PROPOSED CHAHGES AND AMENDMENTS IN CERTAIN DISTRICTS AND BOUNDARIES OF THE ZONING ORDINANCE, AND AMENDING THE FUTURE LAND USE ELEMENT OF THE COMPREHENSIVE PLAN OF THE CITY OF SANFORD, FLORIDA. Notice is hereby given that a Public Hearing_~i!l be hold at 274 MINUTES City Commission, Sanford, Florida May 29 at 7:00 P. M. 19 84 more particularly described, as follows: South one-half of Lot 453, and all of Lots 455, 457 and 459, Woodruff's Subdivision, Plat Book 3, Page 44, and Lot 32, Pinecrest Heights Replat, Plat Book 9, Pages 77 and 78, Public Records of Seminole County, Florida. Ail parties in interest and citizens shall have an opportun- ity to be heard at said hearing. By order of the City Commission of the City of Sanford, Florida. Publish: May 9 and 19, 1984. H. N. Tamm, Jr. City Clerk The Chairman announced that the Commission would hear from those persons present to speak in favor of or in opposition to, the Proposed rezoning. The City Clerk reported that notice was sent to the owner, 1st Assembly of God, on April 26, 1984 and the property was posted on April 30, 1984. Reverend David Bohannon, Pastor, 1st Assembly of God, Sanford, appeared to support the proposed rezoning and reported they are trying to sell the property, and buyers have expressed an interest in the property, if it was zoned for a doctor's office or a day care center. Those appearing in opposition to the proposed rezoning were as follows: Frank Huhn, 2633 French Avenue, Sanford, Florida, appeared and reported he has lived at that %ocation 29 years, there were restrictions in the Plat that the surrounding property would only be used for residential purposes, and asked what happens if the property is rezoned for a doctor's office or a day care center, and that business moves from that location. C. O. Todd, 2637 French AVenue, Sanford, Florida, appeared and reported he has lived at that location 30 years, and he opposes a commercial use of nearby property. Shirley Simas appeared and reported she lives directly across the street from the church, there is a trailer park at one end of Elm Avenue and a school at the other end, and a lot of traffic now, and there is already a day care center on the same side of 27th Street as the school, and that a church or residential use of the property would be alright. Dick Elam, 2635 South French Avenue, Sanford, Florida, appeared and reported he does not think the property should be rezoned commercial. Myrtle W. Smith, 2630 Elm Avenue, Sanford, Florida, appeared and reported she opposes the p'roposed commercial rezoning. On recommendation of the Planning and Zoning Commission, Commissioner Keith moved to deny the rezoning. Seconded by Commissioner Farr and carried. A public hearing was held in accordance with notice published in the Evening Herald on May 9 and 18, 1984, as follows: NOTICE OF A PUBLIC HEARING OF PROPOSED CHANGES AND AMENDMENTS IN CERTAIN DISTRICTS AND BOUNDARIES OF THE ZONING ORDINANCE, AND AMENDING THE FUTURE LAND MINUTES City Commission, Sanford, Florida 275 May 29_ at__7:00 P. ML19 84 Avenue and The Seaboard Cost Line Railroad Right-of-Way is proposed to be rezoned from SR-1AA (Single-Family Residential Dwelling) District to MR-2 (Multiple-Family Residential Dwelling) District and SR-1A (Single-Family Residential Dwelling) District. Said property being more particularly described as follows: TO MR,2 (Multiple-Family Residential Dwelling) District: Section 7, Township 20 South, Range 31 East, North 249.72 feet of South 849.72 feet of West 927.55 feet of North one-half of Northwest one-quarter (less the South 178.72 feet of the West 300 feet and Road); AND North 509.22 feet of South 778.72 feet of West 300 feet of North one-half of Northwest one-quarter (Less Road and Begin Southeast Corner Run West 83.47 feet, North 54°50 Minutes 40 Seconds East 102 feet South to Beginning) AND East 38.67,feet of Lot 15 - Lot 24, Block C, Sanora, Units 1 & 2, Replat, Plat Book 17, Pages 11 and 12; AND Granada Townhomes at Sanora, Plat Book 20, Pages 1 and 2; AND Castille Town Homes Condominiums, Plat Book 20, Pages 14 and 15; AND Madeira Town Homes Condominiums, Plat Book 20, Pages 16 and 17, Public Records of Seminole County, Florida. TO SR-1A (Single-Family Residential Dwelling) District: Sanora South, Unit 1, Plat Book 19, Pages 76 and 7'7, Public Records of Seminole County, Florida. All parties in interest and citizens shall have an opportun- ity to be heard at said hearing. By order of the Ci~'~z Co~nission of the City of Sanford Florida. H. N. Tamm, Jr. City Clerk Publish: May 9 and 19, 1984. The Chairman announced that the Commission would hear from those persons present to speak in favor of, or in opposition to, the pr!~posed rezoning. The City Clerk reported that the owners were notified April 27, 1984 and the property was posted on April 18, 1984. No one appeared. Recommendation submitted from the Planning and Zoning Commission to~ rezone the property to Modified PUD. On recommendation of the City Manager, Commissioner Yancey moved to refer same to the Planning and Zoning Commission to prepare a proper amendment to the Zoning Code to provide for a district for Modified PUD. Seconded by Commissioner Smith and carried. Request submitted from Pioneer Federal bank to be designated a depository for City Funds and placed on the Bid List for City Funds. Commissioner Farr moved to authorize same. Seconded by Commissioner Keith and carried. Recommendations dated May 21, 1984 submitted from the Planning and Zoning Commission as follows: MEMORANDUM DATE: May 21, 1984 276 MINUTES City Commission, Sanford, Florida May 29 at 7:00 P. M. 19 84 RECOMMENDATIONS e Request permission from the City Commis'sion to set a Public Hearing to readvertise the conditional'use of'a salvage yard in.a MI-2 zone, located at Airport Blvd. & Albright Rd. Recommend the denial of rezoning from SR,1 to RC-1, propertY located at 304 W. 27th St. and 2638 Elm Ave~ The bOard felt rezoning to RC-1 would not be in character with the'present residential area.. Recommend the Plat for Kayw°od Replat, located at Oregon Ave. & Paola Rd. (CR 46-A) zoned SR-1 and SR.IAA~ Set a Public Hearing to amend the. Zoning Ordinance, Art. VI, Off-Street Parking & Loading Regulations; Sec~ 2.~Off-Street Parking Requirements, Para. (2) Multiple-family dwelling structUreS: 2 spaces for each dwelling unit plus adequate storage space for~boats & accessory vehicles. Commissioner Farr moved to authorize the Planning and Zoning Commission to advertise and hold the public hearing in Item (1). Seconded by Commissioner Smith and carried. Commissioner Farr moved to authorize the Mayor and City Clerk to execute the Kaywood Replat in Item (3). Seconded by Commissioner Smith and carried. Commissioner Farr moved to authorize the Planning and Zoning Commission to advertise and hold the public hearing in Item (4). Seconded by Commissioner Yancey and carried. Memorandum submitted from the Building Official, regarding expiration of terms on the Code Enforcement Board, as follows: MEMORANDUM DATE: TO: FROM: SUBJECT: May 22, 1984 City Clerk Building Official Expired Membership Terms - Code Enforcement Board - 3-Yr. Terms The following membership terms expire June 30, 1984. Ron Dycus J. Q. "Slim" Galloway P.O. Box 1784 P.O. Box 86 Mr. Dycus has agreed to serve another 3-yr. term if reappointed. Mr. Galloway has requested to not be appointed so a replacement will be needed to maintain the membership. (3-Yr. term.) Mr. Harriett and Mr. Winn would like to recommend the following name to fill the vacancy as he has expressed a desire to serve and has an application on file. Mr. Charles A. Lytle 1925 Hibiscus Ct. M N TES City Commissi°nl 8&ffft~}~i~hii ~ May 29 at 7:00 P. M. 277 19 84 Commissioner Smith moved to re-appoint Ron Dycus to the Code Enfor.cement Board for a three year term to expire June 30, 1987. Seconded by Commissioner Yancey and carried. Commissioner Farr moved to appoint Charles Lytle to the Code Enforcement Board for a three year term to expire June 30, 1987, to replace J. Q. "Slim" Galloway. Seconded by Commissioner Smith and carried. Commissioner Smith moved to accept Mr. Galloway's resignation with regrets, and authorize a letter of appreciation for his service. Seconded by Commissioner Keith and carried. Memorandum submitted frcm the Building Official regarding expiration of terms on the Planning and Zoning Commission as follows: MEMORANDUM DATE: TO: FROM: SUBJECT: May 22, 1984 City Clerk Building Official Expired Terms - Planning & Zoning Commission-3-Yr Terms The following membership terms expire June 30, 1984. Mr. Willis has requested that he not be reappointed. Mr. Miller and Mr. Morris have agreed to serve if reappointed. Cliff Miller George M. Willis, Jr. John Morris P.O. Box 608 213 W. 20th St. 20l DOgwood Drive Gary I~4nn /dh CC: City Manager Commissioner Yancey moved to re-appoint Cliff Miller and John Morris and to appoint Bettye Smith to replace George M. Willis, Jr., on the Planning and Zcning Commission for three year terms to expire June 30, 1987. Further, tc accept Mr. Wil!is's resignation with regrets and to authorize a letter of appreciation for his service. Seconded by Commissioner Smith and carried. Request for annexation submitted from ~-~. and Mrs. Charles K. Fiilinger, 399 Poinsetta Drive, for a portion of the property lying between Sanford Avenue an~ Palmway and between Poinsetta Drive and Rose Drive. further described ~ fnl]~w~o 278 MINUTES City Commission, Sanford, Florida May 29 at 7:00 P. M. 19 84 request. On recommendation of the City Manager, Commissioner Keith moved to deny the Seconded by Commissioner YanceY and carried. A public hearing was held in accordance with notice published in the Evening Herald on May 18, 1984, as follows: NOTICE OF A PUBLIC HEARING TO CONSIDER THE ADOPTION OF AN ORDINANCE BY THE CITY OF SANFORD, FLORIDA. Notice is hereby given that a Public Hearing will be held at the Commission Room in the City Hall in the City of Sanford, Florida, at 7:00 o'clock P. M. on May 29, 1984, to consider the adoption of an ordinance by the City of Sanford, Florida, title of which is as follows: ORDINANCE NO. 1698 AN ORDINANCE OF THE CITY OF SANFORD, FLORIDA, CLOSING, VACATING AND ABANDONING A NORTH-SOUTH ALLEY LYING BETWEEN FRENCH AVENUE AND MYRTLE AVENUE AND BETWEEN SEMINOLE BOULEVARD AND THE NORTH BOUNDARY LINE OF VACATED WATER STREET AND BETWEEN THE SOUTH BOUNDARY LINE OF VACATED WATER STREET AND FULTON STREET; PROVIDING SEVERABILITY, CONFLICTS AND EFFECTIVE DATE. A copy shall be available at the Office of the City Clerk for all persons desiring to examine the same. Ail parties in interest and citizens shall have an opportunity to be heard at said hearing. By order of the City Commission of the City of Sanford, Florida. H. N. Tamm, Jr. City Clerk Publish: May 18, 1984. Ordinance No. 1698, entitled: AN ORDINANCE OF THE CITY OF SANFORD, FLORIDA, CLOSING, VACATING AND ABANDONING A NORTH-SOUTH ALLEY LYING BETWEEN FRENCH AVENUE AND MYRTLE AVENUE AND BETWEEN SEMINOLE BOULEVARD AND THE NORTH BOUNDARY LINE OF VACATED WATER STREET AND BETWEEN THE SOUTH BOUNDARY LINE OF VACATED WATER STREET AND FULTON STREET; PROVIDING SEVERABILITY, CONFLICTS AND EFFECTIVE DATE. introduced and placed on first reading at meeting of May 14, 1984, was next placed on final reading. After being read by title, the Chairman announced that the Commission would hear from those persons present to speak in favor of, or in opposition to, the proposed adoption of the ordinance. No one appeared. Commissioner Farr moved on the passage and adoption of Ordinance No. 1698. Seconded by Commissioner Keith and carried. Thereupon, the Chairman announced that the City Commission of the City of Sanford, Florida, had passed and adopted said Ordinance No. 1698, entitled: AN ORDINANCE OF THE CITY OF SANFORD, FLORIDA, CLOSING, VACATING AND ABANDONING A NORTH-SOUTH ALLEY LYING BETWEEN FRENCH AVENUE AND MYRTLE AVENUE AND BETWEEN SEMINOLE BOULEVARD AND THE NORTH BOUNDARY LINE OF VACATED WATER STREET AND BETWEEN THE SOUTH BOUNDARY LINE OF VACATED WATER STREET AND FULTON STREET; PROVIDING SEVERABILITY, CONFLICTS AND EFFECTIVE DATE. Request submitted from Alberta B. Jordan for a time extension on condemned property located at 1119½ West 12th Street, COndemnation Report No. 82-1067. On recommendation of the City Manager, Commissioner Yancey moved to authorize a final 90 day MINUTES City Commission, Sanfordi Florida · May 29 at 7:00 P. M. 19 84 279 Minutes of May 14 and 18, 1984 were approved. Request submitted from the Kiwanis Seminole Sunrise Club for permission for the Sanford Gymnastic Association to erect a permanent 80 by 175 foot metal building on the City property leased to the club, between 25th Place and 26th Street and Poinsetta Avenue and the Seaboard Systems Railroad. The City Manager reported that under the lease agreement, the club was to begin improvements to the property within 30 days, that was not done, and the lease states that ,'At any time Lessee ceases to utilize the property for recreation and amusement purposees, this lease shall immediately terminate and shall be of no further force and effect", the property has not been used for recreation and amusement purposes and the lease automatically terminated and no longer exists. Commissioner Smith moved to authorize the City Manager to work out an acceptable lease with the Kiwanis Seminole Sunrise Club, and to authorize the City Attorney to draft same. Seconded by Commissioner Yancey and carried. Request submitted from Seminole County to use the existing library building on the Northwest corner of First Street and Palmetto Avenue for library administrative offices and support services if and when a new library is constructed on the lot to the North. On recommendation of the City Manager, Commissioner Smith moved to authorize the City Manager to direct a letter to Seminole County, that the concept is acceptable, and an agreement will be drafted when Seminole County makes a decision. Seconded by Commissioner Yancey and carried. On recommendation of the City Manager, Commissioner Farr moved to authorize Ms. Sonda Henry to use the Westside Recreation Building, with alcoholic beverages, on June 16, for a wedding reception, after payment of the proper fee. Seconded by Commissioner Yancey and carried. On recommendation of the City Manager, Commissioner Smith moved to authorize the Mayor and City Clerk to execute the standard resolution and agreement with Seaboard System Railroad, Inc., to install a two inch water line under the railroad on Palmetto Avenue between 15th Street and 16th Street. Seconded by Commissioner Yancey and carried. The City Manager submitted a memorandum from Conklin, Porter and Holmes, Engineers, Inc., on Construction Grants for Wastewater Treatment and Effluent Disposal Improvements, that four potential City projects have qualified for grant funds, and the City needs to decide whether to accept the no discharge into Lake Monroe and pursue grant funding, or to continue work for the administrative hearing for discharge into Lake Monroe, or a combination of both. Commissioner Keith moved to pursue both options vigorously (recommendation (3)), as follows: (3) Conduct a parallel path approach and put full efforts into preparing for the grants while maintaining full efforts on the Administrative Hearing. Seconded by Commissioner Yancey and carried. Commissioner Smith moved to authorize expenditure in amount of $60,700.00 for consultants' study and testimony for the Site Specific Alternative Criteria public hearing September 12 - 14, 1984, as follows: 28O MINUTES City CommiSsion, Sanford, Florida May 29 at 7:00 P M. 1984 1) CONSULTANT Seaburn and Robertson - Hydrologist Study and Testimony COST $ 3,,000 2) Dr. Putnam - Biologist 27,000 Study and Testimony 3) Bionomics - Laboratory Testing -4,200 and Testimony '4) Hydroqual - Limited Upstream Water 25,000 Quality Study and Testimony 5) Conklin, Porter, & Holmes - 1,500 Computer Model TOTAL' $60,700 Seconded by Commissioner Yancey and carried. On recommendation of the City Manager, Commissioner Smith moved to authorize transfers in amount of $812,009.00 in the Sanford Airport Authority's FY 84 budget. Seconded by Commissioner Keith and carried. On recommendation of the City Manager, Commissioner Keith moved to authorize transfer in amount of $8,716.00 for a double handball court at McKibbin Park. Seconded by Commissioner Yancey and carried. The City Manager reported on proposed state legislation to require each city and county to designate multi-family residential zoning for groups of eight or fewer individuals who are developmentally disabled as required by Federal Public Law 98-181, as a condition to receive state revenue sharing. Commissioner Keith moved to authorize the City Manager to notify the legis'latur~ that the City opposes such legislation. Seconded by Commissioner Smith and carried. The City Manager reported that Robert G. Feather has formed a partnership with Health Care Industries, Inc., of Dayton, Ohio, and requests the City to issue and sell up to $2,850,000.00 Industrial Development Revenue Bonds for the Sanford Shore Club, Inc. project on former City property in the Lake Monroe Industrial Park for Phase I, to develop a 60 bed skilled and intermediate care nursing facility and a 55 bed assisted living facility on 2.5 acres of the property. Commissioner Farr moved to adopt Resolution No. 1370, and authorize the Mayor and City Clerk to execute said Resolution and a Memorandum of Agreement with Sanford Shore Club, Inc. Seconded by Commissioner Keith and carried. Said Resolution No. 1370 being in words and figures as follows: RESOLUTION NO. 1370 MINUTES City Commissiom sanfor May 29 at 7:00 P. M. 19 84 28'1 A RESOLUTION AUTHORIZING A MEMORANDUM OF AGREEMENT WITH SANFORD SHORE CLUB, INC. WITH P~ESPECT TO THE ACQUISITION, CONSTRUCTION AND EQUIPPING OF A PROJECT CONSISTING OF A NURSING HOME FACILITY IN THE CITY OF SANFORD, FLORIDA; THE PROPOSED ISSUANCE AND SALE OF NOT TO EXCEED $2,850,000 IN AGGREGATE PRINCIPAL AMOUNT OF CITY OF SANFORD INDUSTRIAL DEVELOPMENT REVENUE BONDS (SANFORD SHORE CLUB, INC. PROJECT) FOR THE PURPOSE OF FINANCING THE COST OF SAID PROJECT, ALL PURSUANT TO THE FLORIDA INDUSTRIAL DEVELOPMENT FINANCING ACT. BE IT RESOLVED, by the members of the City Commission of the City of Sanford, Florida: SECTION 1. AUTHORITY FOR THIS RESOLUTION. This Resolution is adopted pursuant to the provisions of the Florida Industrial Development Financing Act, Part II, Chapter 159, Florida Statutes, as amended, (the "Act") and other applicable laws. SECTION 2. FINDINGS It is hereby found, ascertained, determined and declared that: (A) the City of Sanford, Florida (the "Issuer") is a municipality and political subdivision duly created and existing under and by virtue of the laws of the State of Florida. The Issuer is authorized and empowered by the Act to provide for the issuance of and to issue and sell its Industrial Development Revenue Bonds and to loan Bond proceeds to Sanford Shore Club, Inc. (the "Company") to enable it to pay all or any part of the cost of any "project" (as defined in the Act); and (B) in order to promote the economic growth of the Issuer by fostering economic development within the boundaries of the Issuer and in order to enhance the economy of the State of Florida, to increase purchasing power and opportunities for gainful employment, to improve the economic prosperity and the general welfare of the State of Florida and its people, it is desirable that: (1) the Issuer provide for the issuance and sale of its Industrial Development Revenue Bonds (Sanf0rd Shore Club~ Inc. Project) in an aggregate principal amount not to exceed $2,850,000 (the "Bonds"); (2) the Issuer loan the proceeds thereof to the Company for use as follows: (a) to pay all or any part of the cost of issuance of the Bonds; (b) to pay all or any part of the cost of acquiring a parcel of real estate located at 400 North Highway/1792, within the limits of the Issuer upon which the Company will construct and equip the facilities described below; (c) to pay all or any part of the cost of constructing and equipping certain improvements on the aforementioned parcel of real estate, including the construction of a 60-bed skilled and intermediate care nursing home facility and 55 medically-assisted living units; (d) to pay all or any part of the cost of the acquisition and installation of certain furnishings, fixtures, machinery, equipment and appurtenances and facilities incidental thereto, and other improvements necessary and convenient therefor (the aforementioned parcel of real estate and improvements to be constructed, and such furnishings, fixtures, machinery, equipment and appurtenances and facilities incidental thereto, being referred to herein, collectively, as the "Project"); and (e) to pay any other "cost" (as defined in the Act) of the Project; and (C) the Company has shown that the primary purpose of the Project is to be a "health-care facility" (as defined 282 MINUTES City Commission, Sanford, Florida May 29 ak 7:00 P. M. 1¢~84 (E) the Company has shown that the Project will make a significant contribution to the economic growth of the Issuer, will provide gainful employment and will serve a paramount public purpose by advancing the economic prosperity and general welfare of the State of Florida and its people; and (F) the Issuer is able to cope satisfactorily with the impact of the Project and is able to provide, or cause to be provided when needed, the public facilities, including utilities and public services, that will be necessary for the Project and on account of any increase in population or other circumstances resulting therefrom; and (G) in view of rising construction costs, rising interest rates and other factors, it is believed essential that the acquisition, construction and equipping of the Project commence at the earliest practical date, and the Company is unwilling to make commitments therefor without satisfactory assurances from the Issuer that, upon satisfaction of all requirements of law and other conditions to be met by the Company, the Bonds will be issued and sold and the proceeds thereof will be made available to finance the cost of the Project, to the extent of such proceeds; and {H) it is necessary and desirable and in the best interest of the Issuer and the Company that the Issuer and the Company enter into a Memorandum of Agreement (the "Memorandum of Agreement") providing for the acquisition, construction and equipping of the Project; and providing among other things for the issuance and sale by the Issuer of the Bonds; for the use and application of the proceeds of the sale of the Bonds to pay all or any part of the "cost" (as defined in the Act) of the Project, to the extent of such proceeds; and for the loan of the proceeds of the Bonds by the Issuer to the Company pursuant to a loan agreement requiring the Company to repay the loan in installments sufficient to pay the principal of, redemption premiums (if any) and interest on the Bonds when and as the same become due and payable,' to operate, repair and maintain the Project at the Company's own expense, and to pay all costs incurred by the Issuer in connection with the financing of the Project which are not paid out of the proceeds of the Bonds or otherwise; and (I) the Company and its shareholders are financially responsible and fully capable and willing to fulfill their respective obligations under-the proposed loan agreement, including the obligation to make loan repayments in the amount and at the times to be required by the loan agreement, the obligation to operate, repair and maintain such Project at the Company's own expense, and to serve the purposes of the Act and other responsibilities to be imposed under the loan agreement; due consideration having been given to the financial affairs of the Company and its shareholders, including the ratio of current assets to current liabilities, net worth, earnings trends, coverage of all fixed charges, the nature of their business and the .MINUTES City. CommissiOn. Sfifif6~l';;F~fida ., :: ~.?.. May 29 at 7:00 Po Mo 19 84 industry in which they are involved, their inherent stability and other factors determinative of the capabilities of the Company and its shareholders, financially and otherwise, to fulfill their obligations consistently with the purposes of the Act; and (J) the Bonds shall and will be payable solely from the payments and revenues deriVed by the Issuer from the loan agreement pursuant to which Bond proceeds are loaned to the Company, and will not constitute a debt, liability or obligation of the Issuer or the State of Florida or of any political subdivision thereof. The Issuer shall not be obligated to pay the principal of, redemption premiums (if any) or interest on the Bonds except from the loan payments and proceeds pledged therefor, and neither the faith and credit nor the taxing power of the Issuer or the State of Florida or any political subdivision thereof will be pledsed to the payment of the principal of, redemption premiums (if any) and interest on the Bonds. SECTION 3. APPROVAL OF MEMORANDUM OF AGREEMENT. In order to assure the location of and to induce the Company to locate the Project within the boundaries of the Issuer, with the resulting public benefits which flow therefrom, and to more effectively serve the purposes of the'Act, the proposed Memorandum of Agreement to be made between the Issuer and the Company, in the form and with the contents presented at and filed with the Minutes of this meeting, be and the same is hereby approved. SECTION 4. AUTHORIZATION OF EXECUTION'AND-DELIVERY OF MEMORANDUM OF AGREEMENT. The Mayor of the Issuer is hereby authorized and directed to execute the Memorandum of Agreement in the name of and on behalf of the Issuer, and the Clerk of the Issuer is hereby authorized and directed to attest the same and to affix thereto the Official S~al of the Issuer, and the Mayor is hereby~authorized to deliver the Memorandum of Agreement to the Company. Such persons and all other officers and employees of the Issuer are hereby authorized to execute and deliver such further agreements, instruments and documents and to take such further action as may be necessary and desirable to effectuate and carry out the intent and purposes of the Memorandum of Agreement, when executed and delivered by the Company. SECTION 5. EFFECT OF RESOLUTION. This Resolution is intended to and shall constitute "a Bond Resolution or some other similar official action" of the Issuer for purposes of Section 103(b) of the Internal Revenue Code of 1954, as amended, and the regulations, rulings and interpretative court decisions thereunder. 284 MINUTES City Commission, Sanford, Florida May 29 at 7:00 P. M. 19 84 SECTION 6. REPEALING CLAUSE. All resolutions or orders and parts thereof in conflict herewith, to the extent of such conflicts, are hereby superseded and repealed. SECTION 7. EFFECTIVE DATE. This Resolution shall take effect immediately fipon its adoption. PASSED AND APPROVED this MAYOR, CITY OF SANFORD ATTEST: On recommendation of the City Manager, Commissioner Smith moved to authorize salary reclassificatiQn of Bruce Mosely, Fire Department, from Firefighter C to D, $16,818.29 annual. Seconded by Commissioner Yancey and carried. The City Manager reported that the owner of property on Condemnation Report Number 84-1115, Group 75, has authorized the City to demolish the structure and bill them. On recommendation of the City Manager, Commissioner Yancey moved to authorize transfers from excess funds to create a reserve fund for termination benefits over the next three years, as follows: a. $200,000.00 in General Government to reserve account. b. $20,000.00 in Utility Budget to reserve account. c. ~10,000.00 in Refuse Budget to reserve account. Seconded by Commissioner Smith and carried. On recommendation of the City Manager, Commissioner Farr moved to authorize a request from All Souls School to close Oak Avenue between Eighth Street and Ninth Street from 8:30 to 2:30 P. M. on June 7, 1984, for a field day in the park across from the school. Seconded by Commissioner Yancey and carried. Commissioner Yancey moved to table consideration of the first reading of Ordinance No. 1700, to annex a portion of the property lying between Country Club Road and West 25th Street (C.R. 46A) and Wesg of and abutting Airport Boulevard. Seconded by Commissioner Smith and carried. On motion of Commissioner Yancey, seconded by Commissioner K~ith and carried, Ordinance No. 1701, entitled: AN ORDINANCE OF THE CITY OF SANFORD, FLORIDA, AMENDING SECTION 1-9 OF THE CITY CODE, AS PREVIOUSLY AMENDED BY ORDINANCE NUMBER 1031, TO PROVIDE A $2.00 ASSESSMENT AS COURT COSTS FOR LAW ENFORCEMENT EDUCATION AND TRAINING; PROVIDING FOR SEVERABILITY, CONFLICTS AND EFFECTIVE DATE. was introduced and placed on first reading and read in full. MINUTES City Commission, Sanford, Florida May 29 at 7:00 P. M. 19 84 Residential Dwelling) District and MR-2 (Multiple-Family Residential Dwelling) District. Seconded by Commissioner Yancey and carried. There being no further business, the meeting was adjourned. ATTEST: Cit~v~erk -'/ (.._.~) js MAYOR