CCMtg08-15-91WSMin205
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Mayor Hardy called a work session to order at "/. 00 P.M
rry wi 11 iam
siaent Tof ank Ce who r present o s questions
ing t ank b rry a sed thatwhe, M Holt,
Tilbierha ith My day t
apprise him o£ some kok the hquest~i onsw so he might have some sof the
~ aid P representative who previously
handled the ea and he shads my been i vo lvea for a
nths. caid t of the things nBank
s~gnif icon[ ei sthat the City must maintain p12 H8 of t
wally i the E erprise fund a Furthere heh said vtRe
other problem Ras been pr of eeentialct of having
the option to Rook up v ory h a up ~t rry said when
tRe bank loaned the m neyand loan w onditioned upon
andatory hookups but sa ld all the revenues received were pledged
to the loan.
pea aiecnss ion ory
optional Rookups. c calni sd Rave been
sed a saying the bank`is [dead set against a
ordinance bo ngepassea requiring payments a , bvt
saying the Bank w aid foss longaa tRe
system 1 self-supporting thek bankit s happy. The C ssion
anked M and i tea Rim to stay for the r inaermof t
ing. was advised that a copy of the Mr notes wop ld be
furnished to hrm es
J. DZ SCOSS2oN OF CI1Y OF LONGWOOD wAST£.wATEF SYSTEM.
ion Guidel i.ne is hereto attached and
made a part eof ttRe recoraess
'~ Mr. Richard Hornbluh reviewed the histoey of the wastewater
system t ronology, which i.s hereto attacnea and
maae a pa=ce of ene t~recora.
xo It furnisnea the c nalysis of
the Enterprise Fund f 90/91 =through F 97/9flmaa
Analysis H roposalrfrom FY 96/9] through FY 00/0l, and ao eaka
na lysis Pwhich a e hereto attached and made a part of the
ora. xolt t ory oe Project i
actrons to improve the rf inancialhstatus of the EnterpriseaFUndsnt
reply t rry, M rry said the primary
n the s r linelw ted o Wi ldmere A s to
hook the 1. i.ne o cthetm n line a t to go up
to Skylark, and Ca ou 1a0 s tthe proposed
ana the ailamerea s~bai~isio,,.w inlier aia the
Wildmere line w of t ial steps required i the master
r pLanas engnthe P asked
ou ld reducelthe a ual payment i taking tRe
unt of m ey b ing r ned onf the back of the loan. Mr. Jones
Baia he would crteck into this. f
repayment penalty w also discussed and M rry s
also checking if prepayments penalty
applicable. sayinget ity w requiredwt
pay a pre-penalty npaymednt, then purchase tof additional c ity
ould be c siaered in lieu o ing t neyapa itn
regara to purchasing additional capacity, Mr. u esd d if trteee
~' 0 legal i volved, he thought thisJm igntsbe possible.
vestrandradvised that he had to leave the meeting at
tn~srpoint,Lo
ama r ins the Proforma analvsis. Mr. Jones
left the imeeti ng alt this time (9:0o P.M.).
T iblier presented a report o s from
Project 1 Ne said to date St$203,000 has been nr ved from
part of which w s from additional projects o
andnP nedas spin-offs from Project 1 aid Lyman Highn6chooln
ial projects n the ast siaex of -92 the uth
Seminole Hospital A ing o oThe
Commission aiscusseddr septibce andn Tiblier
presented the State ands County policies in this regard=
rry presented options with regard To future plans for
the City's w water system a n this regara suggested that t
ity tility making
endations and e tablishing poli~y. t Anderson
suggested the C r let the
people m eodecision. neThedC n discussed optional v
andatoryk hookups, and furtner~ disc ~s sea purchasing private
utilities, building a new plant, incentives to hoo up, etc.
~ uch a there i urgency i erprise Fund
is operating effrcrently at this trme, the hCOmmission agreed that
rry s ould c o gather information with regard t
n tnru e listed 3o Guideline s d further a
rry pursue then establishment o tility C
ork s scheduled within a3 days t w his
recommendations sw ith regard to establishing a ity Commission.
The thanked the aff for their hard wor ,
excellent presentations and for an informative session.
4. The meeting adjourned at 10:45 p.m.
Mayor, City o on ~lorida
A2
y Clerk //"~~t ~