CCMtg03-16-87WSMineeesent. Mayor Myers
Deputy Mayor Lormann
ri.l.son
a1dsW ity A strator
Colby11CityCA dii ni
Wald T rry, CitytClerk
Absent: .commissioner Dennis (Absent due to illness)
1. Mayor Myers ca lied a work session to order at 3:13 P. M.
2. of S ank, M acgvelyn Hoefec of K
and M Dible of 5 Hole Conn [y w e present. Waller briefed
ity's effoc is L
capaci ty 155 Defer s tad that K a~dtShuckastr seatr as
based upon t e Lengthened payback p iod evCOUntyepo
Waller said the c cal yeas w s 1989 wheno onlyr941percent of the
debt requirement would b red. Waller suygested that o etn
of covering the shortfall would be For the City's General eund tD pvr-
gallons at 511.50 per gallon and obtain 53,622,500 i and
he said the c obtaininy capacity from S Hole C my w
$3,599,500 w vld leave a balance of 523,000.
Smerilson saidctheoCi ty could c t its o n plantof rs$3~600,000
which would also leave a balancenof 522,500. wCOmmrssroner Smerilson
a 6 percent shortfall in 1989 and she saki tnis w ceptable. M
aid the report indicated t ity w rtfall
Hole C ntyFOrCpurchased their ao noplan t.
DepMayortL ai.dhs hemhad requested t omplete
independentnstudy a rely upon anyain £ormationJObtained by
Dyer, Aiddle, Mills a aid that Sun e ould
that nappe aredrt theedebt s
requPr~a ke aet evbeep
_ ri )son saidahe
naatr ~~.3 r ~«55~ Spun tnat w
the requir of Sun Bank. aides o date s
opeeating e o high; did r to Px'ovidet£oreany e
did pn vide for a ands f
provide f Hey from de po s'its sal DepMayorkl d
Ja llerrp
day. oeferosaidttnatpK ands5huckswould n t beoablegC
thmsprepar~tion of the study for Cnat early date s they
hadrn way t rify or obtain other k.i gores to be used in pxeparina
report that quickly.
~~11
Mayor, City o g ood, Florida
ATTEST:
City