Fort Walton Beach Council minutes — 05-12-1992 Regular — reading text

DATE. I The Mr. City Attorney Smith moved reading. Motion the was read the ordinance adoption seconded of by Ordinance by Mr. Campbell. title 1120 only on second The Mayor asked if there was any public input and there was nopublic input. The Mayor called for the vote on the motion to adopt Ordinance 1120 on second reading and it carried unanimously. with Nicholson. Campbell. Smith. Gibson. Maney. Hambleton. and Wyninegar in favor. ORD. 1187 AN ORDINANCE OF THE CITY OF FORT WALTON BEACH RELATING ANNEXATION - TO ANNEXATION OF 235 BAY STREET. N. W., LOT 23, BLOCK 2. 235 BAY STREET, NW PINEVIEW SUBDIVISION; PROVIDING FOR AUTHORITY; PROVIDING FOR FINDINGS OF FACT; PROVIDING FOR PROPERTY ANNEXED; PROVIDING FOR EFFECT OF ANNEXATION; PROVIDING FOR MUNICIPAL BOUNDARY; AND PROVIDING FOR AN EFFECI'IVE DATE. The City Attorney read the ordinance by title only. Mr. Hambleton moved the adoption of Ordinance 1187 on second reading. Motion was seconded by Mr. Smith. The Mayor asked if there was any public input and there was no public input. Ms. Gibson voiced objection to annexing property which encroaches upon another person' s property. The Mayor called for the vote on the aotion to adopt Ordinance 1187 on second reading and it carried by a vote of 6 to 1 with Nicholson. Campbell. Smith. Maney. Hambleton. and Wyninegar in favor. and Gibson opposed. ORD. 1192 AN ORDINANCE AUTHORIZING THE ISSUANCE BY THE CI'IY OF PUBLIC IMPROVEMENT FORT WALTON BEACH, I FLORIDA, OF NOT EXCEEDING $ 5, 000, 000 REVENUE ORDINANCE PUBLIC IMPROVEMENT REVENUE BONDS, SERIES 1992. TO FINANCE THE COST OF CERTAIN PUBLIC IMPROVEMENTS; PROVIDING FOR THE PAYMENT THEREOF; PROVIDING FOR THE RIGHTS OF THE OWNERS OF THE 1992 BONDS; MAKING CERTAIN OTHER COVENANTS AND AGREEMENTS IN CONNECTION WITH THE ISSUANCE OF SUCH BONDS; AND PROVIDING AN EFFECTIVE DATE. Vince Bruner. City Bond Counsel, read the Ordinance by title only. 18 5- 12- 92 ORD. 1192 ( CONT.) Mrs. Wyninegar moved the adoption of Ordinance l192 on first reading. Motion was seconded by Mr. Campbell. Mr. Maney noted the ordinance does not have a copy of Schedule I attached. Mr. Bruner stated Resolution 92- 12 has Exhibit " A" attached, which is the same as Schedule I that should be attached to the ordinance. Mr. Maney noted Exhibit " A" to Resolution 92- 12 did not list repair of the sewer network. inflow/ infiltration. The City Manager remarked Exhibit " A" should be changed to include: " Wastewater Treatment Plant Improvements", then Collection System Improvements for inflow/ infiltration", then " Municipal Golf Course Expansion." Mr. Bruner noted that would require an amendment to the motion to amend Exhibit " A" attached to Resolution 92- 12. and listed as Schedule I to be attached to Ordinance 1192. to include the addition of inflow/ infiltration. Mrs. Wyninegar and Mr. Campbell both accepted that as an amendaent to the motion. that Exhibit RAn to Resolution 92- 12. and listed as Schedule I to be attached to Ordinance 1192. be amended to include nCollection System Improvements for inflow/ infiltrationn. The Mayor called for the vote on the motion to adopt Ordinance 1192 on first reading. as amended. and it carried unanimously. with Nicholson. Campbell. Smith. Gibson. Maney. Hambleton. and Wyninegar in favor. Bill Frey. Financial Advisor. reviewed and explained the three issues for Council' s consideration: the Bond Ordinance and how it is structured; the Resolution, which identifies costs needed to be paid prior to the Bonds being sold and closed and asks that the City reimburse those costs once the Bonds are sold; and the preliminary Official Statement dated May 7, 1992. which is the main document used for marketing the bonds. Larry Trenary, after receiving confirmation there would be no additional taxation or money from the residents. expressed his pleasure. 92- 12 A RESOLUTION DECLARING THE INI'ENTION OF THE CITY COUNCIL CONSTRUCT, EQUIP OF THE CITY OF FORT WALTON BEACH. FLORIDA, TO CONSTRUCT & FINANCE CERTAIN AND EQUIP CERTAIN CAPITAL IMPROVEMENTS WITHIN THE CITY CAPITAL IMPROVEMENTS AND TO FINANCE SUCH CAPITAL IMPROVEMENTS WITH THE PROCEEDS OF TAX- EXEMPT REVENUE BONDS; PROVIDING AN EFFECI'IVE DATE. Vince Bruner. City Bond Counsel. read the resolution by title only. Mr. H8JDbleton moved adoption of