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CASSELBERRY CITY COMMISSION Minutes of November 15, 2021 — Regular Meeting Page 14 of 26 PAYMENT OF SUCH BOND FROM A COVENANT TO BUDGET AND APPROPRIATE NON - AD VALOREM REVENUES OF THE CITY; AND PROVIDING AN EFFECTIVE DATE." Staff Presentation: City Manager Randy Newlon stated that Ordinance 21-1562 provides for the City to authorize the issuance of the City of Casselberry, Florida, Capital Improvement Revenue Bond, Series 2021, in order to finance the construction and equipping of a new Casselberry Police Station in the principal amount not -to -exceed $10,000,000. The facility, which will be located at 115 Wilshire Boulevard, will replace the existing Police Station and Ordinance 21-1562 would authorize the City Commission to consider the issuance of the bond. The project is nearly 100% designed; there is a site already cleared and owned by the City on Wilshire Boulevard on which to build it; and the City is nearly at the point to award the contract for construction. However, the City first needs to provide the resources to fund the construction. With adoption of this ordinance on second reading, staff would be in a position to secure and bring to the City Commission a bond for consideration to issue to take on that debt. This ordinance does not enter the City into any obligation to issue debt and has no financial impact at this stage. It is simply the next step necessary to fund construction of the new police station complex. Budget Impact: Before debt is authorized, the City Commission will be asked for its approval by resolution. If approved, debt is expected to be issued at the City Commission meeting scheduled for December 13, 2021. Budget impact will be addressed at that time. Recommendation: The City Manager and the Finance Director recommended approval of Ordinance 21- 1562 on first reading. Audience Participation: No one came forward to address Ordinance 21-1562. MOTION: Commissioner Aramendia moved to approve Ordinance 21-1562 on first reading, as presented. Motion was seconded by Commissioner Meadows. Motion carried unanimously by voice vote 4-0. 11. PUBLIC HEARINGS A. Second Reading of Ordinance 21-1560 — Amending Chgpter 1 General Administration, Section 1-4.3(D), Schedule of Building Permit Fees by pdating Building Fees and Providing Addressing Fees The City Clerk read Ordinance 21-1560 by title, as follows: "AN ORDINANCE OF THE CITY OF CASSELBERRY, FLORIDA, RELATING TO BUILDING PERMIT FEES, AMENDING THE CODE OF ORDINANCES, PART III, UNIFIED LAND DEVELOPMENT REGULATIONS, CHAPTER I, GENERAL ADMINISTRATION, ARTICLE IV, BUILDING CODE, SECTION 1-4.3, BUILDING PERMITS, SECTION 1-4.3(D), SCHEDULE OF BUILDING PERMIT FEES, UPDATING BUILDING SAFETY FEES AND INCLUDING ADDRESSING FEES TO IMPLEMENT THE FLORIDA BUILDING CODE, PER S. 553.80, OF THE FLORIDA STATUTES; PROVIDING FOR CODIFICATION, CONFLICTS, SEVERABILITY, AND AN EFFECTIVE DATE."