HomeMy WebLinkAbout07/21/2000 City of Sebasttan.~ Florl.a,a
1225 Main Street I2 Sebast~an~ Florida 32958
Telephone {561) 589-5330 Q Fax {561} 559-5570
CT counci! information Letter
july 21, 2000
Attached is your personal copy of the Fiscal Year 2001 Proposed Budget
document as compiled by the City Manager's Office and Department of
Finance. The budget recommends an actual slight decrease in the mitlage
rate, from the current year 5.0053 to 5.000 (,an .11% decrease), in addition,
the proposal incorporates a 4.37% or $310,442 decrease in the General
Fund, as illustrated on page 10 of the budget transmittal letter. As revenue
estimates were consistent with projections outlined during the course of the
current year, as well as the City's success to date with grant and
appropriation procurement, other funds not related to ad valorem taxation
e community will pay less in taxes to the
.... · ,~nificantlY higher. Althou.gh th_~.=~,,s ,~roiects and programs; total
~ °'~ . -. - :-. -.vailable 1or va.uu ~ ~ this
City, more Tunaln9 ~" to be $16,126,381. As
appropriation for all funds is recommended
submittal atso incorporates the second year of performance budgeting, I feel · ou individually to discuss this initiative in
..~, ~ ~ anoropriate to meet w!th. ~Y~h ,-~'~hOO AS such, Executive
more detail, prior to u,~ ,~=_st of you to schedule personal meetings
Assistant Jean Tarbell will contact all
with Mark Mason and I to address logistics accordingly, Meanwhile, I
strongly encourage all of you to read the budget transmittal letter during your
· ecific proposed initiatives), in addition, it
review, as much information is being provided to outline goals and
obiectives (,as they retate t..o__s~p..~ C[~'s overaTi financial positron
c~mprehensively summanzu~ ~,,~ -
City Council Information Letter
July 21, 2000
Page 2
Status of Ea.qle's Nest Lease
After last week's City Council Meeting, Director of Golf Greg Gardner and I
had an opportunity to talk with Mr. Dennis Fink, proprietor, Eagles Nest
Restaurant at Sebastian Municipal Golf Course relative to future plans for
the facility and potential impacts to his operation. Essentially as you know,
Mr. Fink wishes to receive some adjustment to his lease fee, due to a
proposed golf course renovation program anticipated next summer.
Temporary adjustments to lease fees during major reconstruction and/or
renovation activities are consistent with standard business practices (a
common applicable example scenario is a major shopping mall renovation,
whereby tenant stores are usually granted reduced rents due to anticipated
lower patronage). The existing lease agreement does not however, contain
provisions that would legally allow rate reductions and/or alterations to the
existing fee structure. As such, the one viable option will be to renegotiate
the lease, not only to reflect such flexibility, but also to benefit the City of
Sebastian in the long run. Mr. Fink understands this, as he has agreed to
work with administration to commence with respective negotiations. The
task at this time is to therefore compile a proposed revised agreement for
your consideration and authorization. This is to be accomplished well in
advanced of initiating renovations.
City of Sebastian Open House.
Just a reminder that the City of Sebastian Open House is set to take place
Tuesday July 25th, 1:00 p.m. to 4:00 p.m. here at the Sebastian Municipal
Complex. The Press Journal has agreed to write an article about the event
(today's paper), as the desired intent is to solicit interest accordingly.
Please join us, schedules permitting.
Enclosure(s):
Fiscal Year 2001 Proposed Budget Document
Open House Flyer
My Documents/InfoLetter52