Laserfiche WebLink
CASSLLB);RRY CITY COMMISSION <br />Minates of Jaly 25, 2011- Regular Meeting <br />Page 7 of 18 <br />Staff Presentation: Ms. Sandra Smith, Chief Planner, stated Ordinance 11-1353 provides for adoption of a <br />Capital Improvement Schedule as required statutorily by the State's Growth Management Plan. The Planning <br />& Zoning Commission, acting as the Land Planning Agency, unanimously recommended approval of <br />Ordinance 11-1353 at its May 13, 2011 meeting. The City Commission approved Ordinance 11-1353 on fast <br />reading on June 13, 2011. Ms. Smith noted the ordinance and the effective date were corrected to reflect the <br />recent amendment the State's Growth Management Plan into the Community Planning Act, which now <br />requires one advertised public hearing and no longer has to be included as part of the Comprehensive Plan. <br />Budget Impact: This item has no impact to the City Budget. <br />Recommendation: The City Manager and the Community Development Director recommended adoption of <br />Ordinance 11-1353 on second and final reading. <br />Public Hearing: Mayor Glancy opened the public hearing relative to Ordinance 11-1353. No one came <br />forward. Mayor Glancy closed the public hearing relative to Ordinance 11-1353. <br />MOTION: Commissioner Solomon moved to approve and adopt Ordinance 11-1353 on <br />second and final reading, as presented. Motion was seconded by Commissioner <br />Hufford. Motion carried unanimously by voice vote 5 - 0. <br /> <br />No items were scheduled on this agenda. <br />lle ~~~I~ <br />A. Resolution 11-2282 -Negotiated Sale of Utility System Refunding; Revenue Bond, <br />Series 2011 and Related Budget Amendment #11-047 <br />The City Cleric read Resohtion 11-2282 by title as follows: <br />"A RESOLUTION OF THE CITY OF CASSELBERRY, FLORIDA, SUPPLEMENTING <br />RESOLUTION NO. 02-1381 ADOPTED OCTOBER 14, 2002; AUTHORIZING THE ISSUANCE <br />AND SALE OF THE CITY'S UTILITY SYSTEM REFUNDING REVENUE BOND, SERIES 2011 IN <br />A PRINCIPAL AMOUNT NOT TO EXCEED $5,750,000; MAKING CERTAIN COVENANTS AND <br />AGREEMENTS IN CONNECTION WITH THE ISSUANCE AND SALE OF THE SERIES 2011 <br />BOND; AUTHORIZING A NEGOTIATED SALE OF SAID SERIES 2011 BOND TO SUNTRUST <br />BANK; DESIGNATING THE SERIES 2011 BOND AS QUALIFIED TAX-EXEMPT OBLIGATIONS <br />PURSUANT TO SECTION 265(B)(3) OF THE INTERNAL REVENUE CODE; DELEGATING <br />CERTAIN AUTHORITY TO THE MAYOR FOR THE AUTHORIZATION, EXECUTION AND <br />DELIVERY OF ANCILLARY DOCUMENTS RELATED TO THE ISSUANCE AND SALE OF THE <br />2011 BOND, AND THE APPROVAL OF CERTAIN OF THE TERMS AND DETAILS OF SAID <br />