HomeMy WebLinkAbout10/27/2000HONt[ OF PF.,LIC~ ISLAND
1225 Main Street [] Sebastian, Florida 32958
Telephone (561) 589-5330 [] Fax (561~ 589-5570
City Council Information Letter
October 27, 2000
County Road 512 Charrette Process
Please find the attached project brief relative to the County Road 512
Charrette/Conceptual Master Plan Vision Process as compiled by the
Treasure Coast Regional Planning Council. The first page provides an
agenda for relevant activity, whereby the effort will begin next Friday
November 3rd, 7:00 p.m., featuring opening remarks as well as an overview
of the process. The actual charrette will begin Saturday, November 4th to
include a citizen design workshop, whereby attendees will have an
opportunity to provide input relative to applicable architectural, landscaping
and overall design criteria. Beginning Sunday November 5th, architectural
renderings will be compiled to reflect both ideas expressed during the
charrette as well as overlay district requirements as contained in the Land
Development Code. The overall effort will conclude Thursday November 9th
here at City Hall via a "work in progress" presentation, whereby the design
team will be positioned to showcase final plans/renderings as a result,
culminating a final master plan visual document.
Barber Street Sports Complex Creative Playground - Status
Please find the attached memorandum as compiled and delivered by Chris
McCarthy relative to the progress of equipment replacements at the Barber
Street Sports Complex Creative Playground. A necessary temporary
closing is anticipated beginning next week, whereby site preparation will
commence immediately thereafter. New equipment will be delivered during
the following week, culminating with proper installation. Reopening is
anticipated in during the latter part of November, possibly just before the
Thanksgiving Holiday if not soon thereafter. As always, I will keep you
posted accordingly.
City Council Information Letter
October 27, 2000
Page 2
Amendment to Florida Municipal Loan Program
You will recall during the Fiscal Year 2001 budget process the authorization
to participate in the Florida League of Cities Equipment Financing Program
to purchase replacement equipment in a shorter period of time than over the
normal five-year period with annual funding. The primary basis for this
recommendation was to solicit upfront financing for replacing necessary
major equipment beginning Fiscal Year 2001. This program has been
extended twice due to various bond issuance matters. The final (and most
recent) arrangement involves financing from the State of Florida Capital
Trust Agency to ensure delivery of funds to municipalities participating in the
aforementioned program. As such, the attached Resolution will be
recommended for authorization during your next meeting. Proposed action
simply involves an amendment in favor securing funding from the Capital
Trust Agency as opposed to the Florida Municipal Loan Program. No
impacts are imminent as a result, other than the possibility of an even lower
interest rate. Both Director of Finance Mark Mason and I are available to
address specific questions and/or related concerns. Otherwise, I think the
City of Sebastian is in good shape, as this matter will be addressed further
during your November 8th meeting.
United Way Day of Carin,q
Please be advised of the City of Sebastian's participation in this year's
annual United Way Day of Caring, to take place tomorrow afternoon at the
Barber Street Sports Complex. As a result, volunteers have been
assembled to replace benches at the Creative Playground pavilion as well
as to install new tin roofing on all dugouts adjacent to respective ball fields.
Activity should be completed by the close of this weekend, as I am sure that
a nice job will be done.
Enclosure(s):
Memorandum from Chris McCarthy - New Playground
Memorandum from Chris McCarthy - Day of Caring
Proposed Resolution R-00-61
Project Brief and Flyer - County Road 512 Charrette Process
My Documents/InfoLetter65
City of Sebastian
1225 MAIN STREET g SEBASTIAN, FLORIDA 32958
TELEPHONE (561) 589-5330 [] FAX (561)~89-5570
MEMORANDUM
DATE:
TO:
FROM:
THROUGH:
SUBJECT:
October 24, 2000
Terren~ce R Moore, City Manager
Chris McCarthy, Parks and Maintenance Supt.
Terry Hill, Director of Public Work~
Progress report ou new playground
CLOSE PLAYGROUND:
PREPARATION OF SITE BY CITY CREWS:
DELIVERY OF NEW PLAYGROUND:
INSTALLATION BY CONTRACTORS:
CONTINGENCY & FINAL PREPARATION:
OPEN NEW PLAYGROUND:
10/30/00.
10/30/00 TO 11/10/00.
11/08/00.
11/13/00 TO 11/17/00,
11/20/00 TO 11/21/00.
11/22/00.
City of Sebastian
1225 MAIN STREET r~ SEBASTIAN, FLORIDA32958
TELEPHONE (561) 589-5330 ~ FAX (561)~89-5570
MEMORANDUM
D ATE:
TO:
FROM:
THROUGH:
SUBJECT:
October 24, 2000
Terren~e R Moore, City Manager
Chris McCarthy, Parks and Maintenance Supt.
Terry Hill, Director of Public Work~
F.Y.L United Way Day of Caring
The United Way's Day of Caring will be this Saturday, October 28, 2000 at the
Barber Street Sports Complex. Employees of Elliot Merrill Property Management that live
in the north County area will participate along with members of the Sebastian Exchange
Club. This year we will replace benches at the Creative Playground pavilion and install
new tin roofing on all dugouts at the Sports Complex. I will be coordinating the projects
with all of the volunteers. The City will provide refreshments and lunch for the volunteers
as we did last year.
RESOLUTION NO. R-00-61
A RESOLUTION OF THE CITY OF SEBASTIAN, FLORIDA,
AMENDING RESOLUTION R-00-38 OF THE CITY IN
CONNECTION WITH THE FINANCING OF THE
ACQUISITION, CONSTRUCTION AND ERECTION OF
CERTAIN CAPITAL PROJECTS; AUTHORIZING THE
NEGOTIATION OF LOAN IN AN AGGREGATE AMOUNT NOT
TO EXCEED $865,000 FROM THE CAPITAL TRUST AGENCY
(CAPITAL PROJECTS AND EQUIPMENT ACQUISITION
PROGRAM); APPROVING THE EXECUTION AND DELIVERY
OF A LOAN AGREEMENT WITH THE CAPITAL TRUST
AGENCY; AUTHORIZING THE EXECUTION AND DELIVERY
OF A PROMISSORY NOTE; APPROVING THE EXECUTION
AND DELIVERY OF A DISCLOSURE AGREEMENT;
PROVIDING CERTAIN OTHER MATTERS IN CONNECTION
WITH THE MAKING OF SUCH LOAN; AND PROVIDING AN
EFFECTIVE DATE.
WHEREAS, the City of Sebastian, Florida (the "City") has determined that a need exists to
borrow funds to finance or refinance the cost of the acquisition, construction and/or equipping of certain
qualifying projects (the "Project") set forth in Resolution R-00-38 (the "Original Resolution"); and
WHEREAS, the Original Resolution contemplated that the financing would be received from the
Florida Municipal Loan Council ("FMLC"), however the City has been advised that such financing will
not be available by the time the City will need the proceeds of such financing; and
WHEREAS, the Capital Trust Agency, a public agency of the State of Florida, has agreed to
provide financing for the project from its capital projects and equipment acquisition program (the "Loan
Program") upon substantially the same terms as the proposed loan from FMLC; and
WHEREAS, it is determined to be in the best interest of the Borrower to borrow funds from the
Capital Trust Agency program to finance the cost of the Project (the "Loan"),
NOW THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF
SEBASTIAN, FLORIDA, as follows:
SECTION 1. AUTHORITY. This Resolution is adopted pursuant to Chapter 166, Florida
Statutes, and other applicable provisions of law.
SECTION 2. SUBSTITUTE LENDER. Resolution R-00-38 is hereby amended to delete all
references to the Florida Municipal Loan Council for the refmancing and/or financing of the acquisition,
construction and erection of the Project. In substitution therefore, the financing of the project by the
Capital Trust Agency from the proceeds of the capital projects and equipment acquisition program is
hereby approved. The provisions of the Original Resolution shall apply to such financing by the Capital
Trust Agency in the place of the Florida Municipal Loan Council in the Original Resolution.
SECTION 3. NEGOTIATED LOAN. Due to the complicated nature of the financing and the
ability of the City to access additional markets and for the Borrower to receive the benefits of lower
interest rates and issuance costs, it is hereby determined that it is in the best interest of the Borrower that
the Loan to the Borrower be made from the proceeds of the Loan Program, as opposed to the Borrower
borrowing funds pursuant to a public sale.
SECTION 4. AUTHORIZED OFFICERS. The City Manager and the City Clerk or any other
appropriate officers of the Borrower are hereby author/zed and directed to execute and deliver a Loan
Agreement to evidence the Loan to be entered into by and between the Borrower and the Council,
together with a Promissory Note, each in substantially the form attached to the Original Resolution and
with such changes, insertions and omissions as may be approved by the City Manager and attested to by
the City Clerk, the execution thereof being conclusive evidence of such approval.
SECTION 5. BOND PROGRAM. The Borrower hereby acknowledges and consents to Capital
Trust Agency Revenue Bonds (Capital Projects And Equipment Acquisition Program, Series 2000) (the
"Bonds") being issued pursuant to a Master Trust Indenture and a Supplemental Trust Indenture
(collectively, the "Indenture") to be executed by the Capital Trust Agency and a bank or trust company to
be selected by the Capital Trust Agency, as Trustee.
SECTION 6. OTHER INSTRUMENTS. The City Manager, the Finance Director, the City Clerk
or any other appropriate officers of the Borrower are hereby authorized and directed to execute any and
all disclosure agreements, certifications or other instruments or documents required by this Resolution,
the Loan Agreement, the Indenture or any other documents required by the Capital Trust Agency or the
insurer of the Bonds as a prerequisite or precondition to making the Loan (including but not limited to the
execution of all tax documents relating to the tax exempt status of the Loan), and any such representations
and agreements made therein shall be deemed to be made on behalf of the Borrower. All action taken to
date by the officers of the Borrower in furtherance of the issuance of the Bonds and the making of the
Loan is hereby approved, confirmed and ratified.
SECTION 7. ADDITIONAL INFORMATION. The Loan Agreement shall not be executed and
delivered unless and until the Borrower has received all information required by Section 218.385, Florida
Statutes.
SECTION 8. REPEAL OF CONFLICTING PROVISIONS~ SUPPLEMENT TO ORIGINAL
RESOLUTION. All resolutions or portions of resolutions of the City heretofore adopted which may be in
conflict with the provisions hereof are hereby repealed to the extent of any such inconsistency. Except to
the extent expressly provided herein, the Original Resolution shall remain in full force and effect and
shall apply to the Loan approved herein from the Capital Trust Agency.
SECTION 9.
adoption.
EFFECTIVE DATE. This Resolution shall take effect immediately upon its
The foregoing Resolution was moved for adoption by Council Member . Motion
was seconded by Council Member and, upon being put to a vote, the vote was
as follows:
Mayor Walter Barnes
Vice-Mayor Ben A. Bishop
Councilmember Joe Barczyk
Councilmember James Hill
Councilmember Edward J. Majcher, Jr.
The Mayor thereupon declared this Resolution duly passed and adopted this day of
_, 2000.
CITY OF SEBASTIAN, FLORIDA
(SE L)
By:
Walter Barnes
Mayor
ATTEST:
By:
Sally A. Maio, CMC City Clerk
Approved as to Form and Legality for
Reliance by the City of Sebastian Only:
By:
Rich Stringer, City Attorney
Dump Tracks (2)
Grader
Vac Track
Backhoe (2)
Sweeper
Lull
EXmBIT A
PROJECTS
EXI-IIBIT B
FORM OF LOAN AGREEMENT
EX}tlBIT C
FORM OF CONTINUING DISCLOSURE AGREEMENT