CCMtg06-27-83WSwnexmD cxTY aac¢ssroN
Slrt1E 2]. 1983
Pree«mt: Maror }ar„~m
DepMayor uakerc
cmmtss r 6tent
Gnmissioner Mitchell
Cmmissim:er Pappas
David D. Chacey, City Administrator
ronald L. Terry, City Clerk
1. Mayor tnnvazm called a xork session to order ae]:30 p.m. e pnsider
a Five Year Capital LiPmverene Program Eond proposal by Mr. Arnold W.
8ctmeider, Vice President of Florida PLa:icipal securities, a di+ri.si.on of
Henderson, Few and Co.
2. Mr. BcMeider briefed Hie Camdssion on his ecmWsny ad seated that H:ey
specialized in Plorida Nasrcipal Fixrm:ce.... He explained the timing sequence
cd:ir3~ takes frwa 90 co 120 days fran campncerme. of a bond issue :stil he
City receives 'its f ds. N¢. Srtseider explained etae his ca~any received
paymst fran a commdssion received for selling the bond issue and Hie City
did not pay his cmgeny directly, that the fee was included in the selling
price of the bond.
3. Following Tk. 9CSmeider's briefing, Mr. (liacey discussed the follwing
Capital Lei monc it co be be forded by the bond issue if passed. Mr.
Cpacey supgeseed the following order of priorities:
PRIORITY DF3ARTMENL/TMPROVII1INf YEAR F%PFNDITURE
PUBLIC S4FEPY
1 NEW FIl2E STATION 1984 $ ]5,000
2 L4DDa2 TRllCK 1984 $ 25,000
3 G9NIIg OGRPS FUR PJSSCE DEPARTMINP 1984 $ 40,000
4 VEHICLE REP[ACFT®3P 1985 S 50,000
5 RF.IJVAIE CITY v°i* FOR N[SCE STTTION 1986/8] $ 50,000
PUBLIC 4AW(B
1 ROAD IIII+ROVFh&SSVP AND PAVSG 1984/85 $250,000
2 DRP.PL4GG 1984/5/6 $225,000
3 PARR PiPROthT4NL 1985/86 $ 50,000
4 VEHICLE REPUCFMFNL 1985/86 $ 50,000
IMID AO2UISITION
1 PURCti4SF, tAND FOR Had CPLY tNLL 1984 $ 80,000
2 PURCH45E INVD FSIR PUBLIG LURKS 1984 $ 30,000
MlIlV1CfPAl
1 sIDaJN]C WNBTRUCLION
2 mFM1AJITY BUILDING
1984/85 $100,000
1984/85 5100,000
3 CITY }wLL 1986/8] $350,000 1
4. 1fie :reecix:g eras adjourned at 8:30 p.m.
Approved:
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