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HomeMy WebLinkAboutR-80-13RESOLUTION NO..ff- A RESOLUTION RE-AUTHORIZING THE FORMATION OF THE SEBASTIAN MUNICIPAL GOLF COURSE COMMITTEE; PROVIDING FOR APPOINTMENT; ENCOURAGING MEMBERS TO PROMOTE CONSTRUCTION OF A MUNICIPAL GOLF COURSE AND RELATED IMPROVEMENTS; AUTHORIZING THE COMMITTEE TO SOLICIT DONATIONS; CREATING THE SEBASTIAN MUNICIPAL GOLF COURSE TRUST FUND; PROVIDING AN EFFECTIVE DATE. WHEREAS, the Council has reviewed the recommendations of the Golf Course Committee, the Golf Course Feasibility Study and other pertinent documents; and WHEREAS, the Council finds and determines that the construction of a publicly-owned and operated municipal golf course would serve the best interests of the community; and WHEREAS, the electors of the City of Sebastian at the March 11, 1980 city election voted against the issuance of general obligation bonds to finance the cost of constructing a municipal golf course; and WHEREAS, the Council finds and determines that there is public support for the construction of such a course, if some other method of financing can be secured; and WHEREAS, a number of persons, firms and corporations have expressed a desire to contribute capital toward the cost of constructing such a course; NOW, THEREFORE, BE IT ORDAINED by the City Council of the City of Sebastian, Florida, as follows: SECTION I. A. The Sebastian Municipal Golf Course Committee is hereby created, which shall consist of eleven members appointed by the City Council, who shall serve without salary. B. The term for which the Committee shall exist is one year from the date of this resolution. Co The members of the Committee shall consist of the Mayor and such other citizens, who may reside either within or without the corporate limits, as the Mayor may recommend. The members shall be subject to removal, with or without cause, upon four-fifths (4/5) vote of the Council. D. Within two weeks of the date of this resolution, the Committee shall meet and elect from among its members a Chairman, a Vice-Chairman, and a Secretary, which officers shall be responsible for the conduct of the affairs of the Committee and report its deliberation to the Council. E. Ail meetings of the Committee shall be open to the public, and all documents and funds received shall be subject to inspection in accordance with general law. F. The Committee is authorized to adopt all rules and regulations as may be necessary for it to conduct its business. SECTION II~ A. The purpose of the Committee is to promote, encourage and sponsor the establishment of publicly-owned and operated municipal golf course and related improvements on the Sebastian Municipal Airport. B. The Committee is specifically empowered and instructed to: (.1) Prepare and present to the Council recommendations for the financing, construction, organization, management and membership of a municipal golf course and related improvements within nine months of the date of this resolution. (2) Solicit donations from persons, firms or corporations who wish to contribute toward the construction of said course° Ail funds received for such purpose shall be deposited in a special trust fund of the City of Sebastian created for said purpose by the City Treasurer, which fund shall be established as more specifically set forth below. (3) Solicit contributions for lifetime memberships in the course to be constructed; establish the amount of the one time fee for said membership and establish the privileges, rights and duties of said lifetime members. Ail funds received for such purpose shall be deposited in a special trust fund of the City of Sebastian created for said purpose by the City Treasurer, which fund shall be established as more specifically set forth below. (4) Exercise generally all powers compatible with a committee of the character stated. SECTION IIio Ao There is hereby created the Sebastian Municipal Golf Course Trust Fund which fund shall be composed of all funds received for the design, construction and operation of a municipal golf course and related improvements from whatever source, whether by donations, life memberships or otherwise. B. Ail monies of the Sebastian Municipal Golf Course Fund shall remain separate and distinct from all other city funds but may be invested in the Local Government Surplus Funds Trust Fund, as established by Florida law, or some other prudent investment as otherwise provided by ordinance or state law. C. The¢orpus of said Trust Fund shall not be invaded except in the event the Council shall determine within one year of the date of this resolution that the construction of said golf course is financially feasible and shall implement those steps necessary to design, construct, -3- organize and manage a municipal golf course and related facilities. In such event, the Council may expend such sums from such Trust Fund, in its sole discretion it deems necessary to design, construct, organize and manage a municipal golf course and related facilities, even to the point of completely exhausting said Trust Fund. Any principal or income not so expended shall be accumulated and incorporated into a municipal golf course capital improvement fund and reinvested. D. All funds received and deposited in said Trust Fund shall, be returned to the donors at the expiratio~f this resolution, including all income received from the investment of said funds in the event the Council determines that the construction of a municipal golf course is not financially or otherwise feasible, or fails to implement those steps necessary to initiate construction within a reasonable time after the expiration date of this resolution. SECTION IV. This resolution shall take effect immediately upon its enactment. I ltEREBY CERTIFY th'at tile foregoing Resolution was passed by the City Council of the City of Sebastian, Florida on the /q~ day of ~ , 1980. ATTEST: CITY OF SEBASTIAN FLORIDA Pat Flood, Jr. Mayor~/ {S E A L)