CCMtg02-18-87WSMinMayor Myers called a work sessron to order at 7:3o P.M.
Mr. Ronald Shuck of Kane and Shuck discussed the report he had
and P ery optimis tic a ron.
expected and a wod r a5 hucx s reportct
had been pr p rednbas ed upodan intl ation factor of tl peraend
impson questioned the s sed in preparing the
and said the C n had n ntprovuded sufficient factual
information. impsonsurged the C o go with the 5 nole
County for s capacity. BepMayor L asked what the Ci tyms
obligations w o Sun Bank a Shucdsaid the City's loan w
rtplant, Shuck said the c of the originalsloan
understated and he saMd 5 ank's requirements a thaT r
t 1.25 of the debt s Shuck said years 1988,e1989eand
1990 w e problem years d ovlack of r BepMayor L aid
she w ted to go w my and sheeasked M Hib1e o£n5 nole
Countynt help thdCityhmakeuit possible. Biblersaid he had m ith
toff and he said a major c of t e loan
ich h ought the C my might be ab lebt Bible said the
my ould n offer a different r tha~ chargedeo
Bible said r ntly i sed for SeminolerCOUntymr sidents
0 58.]5 base r and $1.y3cp alloned Bible said the $1.5dr
charged who lesaleec a been i effect foe 5 y
Sme rilsan s wed the report thoroughly endr he sad i
t feasiblerfortthdcityr to build i n plant. Commissioner Sme rilson
suggested t options: (11 x my d e payments during
e 3 problem years a d (21 thetcity1find a uofradditional upfront
money to solve the shortage of funds for a periode of about three years.
ing of 5 roperties agreed t ith
e CityAt ith financingnofPthe s capacity witht the County
and she saidat hcytdid no[ want to build theWrrown sewer plant.
a y oldb g p e rn support of the City yoing with the
County.
the u of t e Commission t eet
representa[ivesmo not dC ntyhand 5 roperties m
andha empt t ork o solet.i on that. wouldt pe rmiteobtaining sewer
capacity from the County
. Shuck suggested chat the City go back t ank and request
thatMthey a end t ondi ti ons of t e bond i they w e based
onditions c o not cxvsl andht hey are not vn the best interests
of the bona nol.aer.d
Chaulk thanked the members of t n for their
n go with the C nty. Chaulk reques tedsthat the r -
dentsrof S no le C e given s o pay for
the c .`rgoing withy5 no le C ntyPec aChaulkesaidiw n the
presenter adoptedmvthey w led that the m neyhw
be used totbuildrand m r plant. Chaulk askedst
siden[s be kept informedaof developments andMCOmmissioner Smerilson
t possible t divulge information during t
Mayor Myers agreed that i important to keepntnetpublic
and members o£ the Commrss>on infoemedWas
~m ~
Hayor, city f congwooa, eloriaa
1