HomeMy Public PortalAbout19760223SCMeeting1
Savannah Beach, Georgia
February 23, 1976
A Special Called Meeting of City Council was held this after-
noon in the Council Room at City Hall for the purpose of working
out the necessary financial arrangement with the Savannah Bank and
Trust Company which would enable the City to meet the request
for payment from Griffin Construction Company, since the City
would not have this amount of money on hand until our request
from the E.P.A. for a partial payment on our grant came through.
The second purpose for which the meeting was called was
to discuss the extending of a city sewer line to the site of the
new Veranda Motel Restaurant and to try to determine the cost
of same.
The meeting was presided over by Mayor M. J. Counihan and
a quorum consisting of the following Councilmen was present:
Edward Fahey, James Bond, John Wylly, Bob Davenport and Richard
DeLoach. City Attorney Bill Pinson was also present. Others
attending the meeting were Mr. Joel Mason representing Griffin
Construction Company, Mr. Warren Bell, Resident Inspector of
Sewer Project, Mr. Dennis Ronning, Chief Auditor for City of
Savannah Beach and Mr. Gus Holman and Bob Patterson of Savannah
Bank and Trust Company.
To outline the financial condition of the City at the present
time, Mayor Counihan called upon Mr. Dennis Ronning, Auditor.
Mr. Ronning went over the amounts which were expected to be received
and which were necessary to be paid out. He stated that from just
a casual study of the items still to be paid it looks as if we
still owe on the project approximately $419,000.00. To be
paid towards this amount, Mr. Ronning stated that the City had
already applied for a partial grant payment in the amount of
$176,000.00 which he stated should be received within three or
four weeks, . He also stated that the City still had coming from
the State of Georgia the amount of $125,000.00 which represented
the second half of their part of the project funding. Mr. Ronning
stated that this sum would not be received until the end of the
project. After making all the known deletions and additions to
the agenda Mr. Ronning stated that our liability to the Contractor
looked like a $1,201,000.00 to $1,377,000.00, plus any change
orders not yet considered.
It was Councilman Fahey's thought that since we had already
paid $125,000.00 on Griffins current request for $233,000.00 by
borrowing $108,000.00 we could complete this payment and have
enough left from our grant payment of $176,000.00 to repay the
bank as well as make the payment on the next Griffin request
which was estimated to be in the vicinity of $50,000.00.
e
Mr. Ronning picked up the bid figure from the contract
which he stated amounted to $1,377,187.60. He stated further that
this fugure does not reflect any change orders increases nor .
decreases from deletions. He stated further that if there were
no decreases and no increases that means the City would owe $188,000.00.
additional. So, he stated, it was really unknown what we were going
to end up owing the contractor.
Councilman Bond suggested that we borrow just what we need
at the present time and shoot a projection of what we feel the next
payment will be and borrow that much. He then suggested that we
adopt a Resolution to borrow the $108,000.00 which was needed
immediately and at the same time request the bank to enter a
request on our behalf to borrow an additional $50,000.00 in case
it were needed prior to receipt of our federal money.
A motion was then made by Councilman Fahey that a Resolution
be adopted that the $108,000.00 to pay off our present indebtedness
and at the same time we get authority to borrow an additional
$50,000.00 if the Federal Funds do not come in by the time the next
payment request is received from Griffin Construction Company.
This motion was seconded by Councilman Bond and unanimously carried
RESOLUTION
Following the adoption of this Resolution another Resolution
was read wherein it was stated that without any further meetings,
the Mayor and City Clerk be authorized to borrow an additional
$50,000.00 provided the expected Federal money did not come in
and this amount to be borrowed at the prevailing rate. Councilman
Fahey moved the adoption of this Resolution. It was seconded
by Councilman Bond and unanimously carried
RESOLUTION
The next item on the agenda was the extension of a sewer
line to the site of the new Veranda Motel.
It was agreed that the City was obligated through a motion
made at a previous meeting that $8,000.00 of the cost of extending
this line would be absorbed by the City, leaving a balance to be
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paid by Mr. Spirides of $2,405.00 and Councilman Bond was instructed
to so notify Mr. Spirides and to proceed with the work.
There being no further business, the meeting was adjourned
to its next regular or special called meeting.
CLERK OF COUNCIL
MAYOR
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STATE OF GEORGIA )
R E S O L U T I O N
COUNTY OF CHATHAM )
AUTHORIZING TEMPORARY LOAN BY THE CITY OF
SAVANNAH BEACH, TYBEE ISLAND, GEORGIA, FOR
PURPOSES OF PAYING INDEBTEDNESS INCURRED
BY SEWERAGE CONSTRUCTION FUND PENDING RE-
CEIPT OF GRANT FROM THE UNITED STATES EN-
VIRONMENTAL PROTECTION AGENCY
WHEREAS, The City of Savannah Beach, Tybee Island,
Georgia, is engaged in a sewerage construction project
with the assistance of grants from the United States
Environmental Protection Agency and the Georgia Environ-
mental Protection Department; and
WHEREAS, such conditions have been fulfilled by
Griffin Construction Company authorizing payment to
them for the phase of construction work thus completed;
and
WHEREAS, the City of Savannah Beach, Tybee Island,
Georgia, is presently awaiting payment of a portion of
its grant from the United States Environmental Protection
Agency, and
WHEREAS, the indebtedness due to Griffin Construction
Company has become outstanding prior to the City of
Savannah Beach, Tybee Island, Georgia receiving its grant
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from the United States Environmental Protection Agency, and
WHEREAS, the Mayor and Council constitute the governing
body of the City of Savannah Beach, Tybee Island, Georgia.
NOW, THEREFORE, be it resolved by the Mayor and Council
of the City of Savannah Beach, Tybee Island, Georgia, in a
legally called meeting, assembled February 24, 1976:
That the City of Savannah Beach, Tybee Island, Georgia,
is hereby authorized to borrow from Savannah Bank and Trust
Company of Savannah, Georgia an additional sum of FIFTY THOUSAND
DOLLARS ($50,000.00) as approved by the bank, to be represented
by a Promissory Note bearing interest at the prevailing and best
obtainable rate of interest to be repaid upon receipt of funds
from the United States Environmental Protection Agency due to
the City of Savannah Beach, Tybee Island, Georgia, the amount
of said funds exceeding the amount to be borrowed, and under all
circumstances, to be repaid on or before December 31, 1976. The
Promissory Note evidencing said loan shall be executed in the
name of the City of Savannah Beach, and signed by the Mayor
and Clerk of Council.
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Past in regular session this 23rd day of February, 1976.
THE CITY OF SAVANNAH BEACH,
TYBEE ISLAND, GEORGIA
BY:
ATTEST:
I HEREBY CERTIFY that the above and foregoing is a true
and correct copy of a resolution adopted by the Mayor and Council
of the City of Savannah Beach, Tybee Island, Georgia, held on
February 23, 1976. I further certify that said resolution has
not since been changed or amended.
THIS the /'Y" day of , 1976.
E. M. Patterson
Clerk of Council
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STATE OF GEORGIA J
X R E S O L U T I O N
COUNTY OF CHATHAM X
AUTHORIZING TEMPORARY LOAN BY THE CITY OF
SAVANNAH BEACH, TYBEE ISLAND, GEORGIA, FOR
PURPOSES OF PAYING INDEBTEDNESS INCURRED
BY SEWERAGE CONSTRUCTION FUND PENDING RE-
CEIPT OF GRANT FROM THE UNITED STATES EN-
VIRONMENTAL PROTECTION AGENCY
WHEREAS, The City of Savannah Beach, Tybee Island,
Georgia, is engaged in a sewerage construction project
with the assistance of grants from the United States
Environmental Protection Agency and the Georgia Environ-
mental Protection Department; and
WHEREAS, such conditions have been fulfilled by
Griffin Construction Company authorizing payment to
them for the phase of construction work thus completed;
and
WHEREAS, the City of Savannah Beach, Tybee Island,
Georgia, is presently awaiting payment of a portion of
its grant from the United States Environmental Protection
Agency, and
WHEREAS, the indebtedness due to Griffin Construc-
tion Company has become outstanding prior to the City
of Savannah Beach, Tybee Island, Georgia, receiving its
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grant from the United States Environmental Protection
Agency, and
WHEREAS, the Mayor and Council constitute the govern-
ing body of the City of Savannah Beach, Tybee Island,
Georgia.
NOW, THEREFORE, be it resolved by the Mayor and
Council of the City of Savannah Beach, Tybee Island,
Georgia, in a legally called meeting, assembled February
24, 1976:
That the City of Savannah Beach, Tybee Island,
Georgia, is hereby authorized to borrow from Savannah
Bank and Trust Company of Savannah, Georgia the sum of
ONE- HUNDRED EIGHT THOUSAND DOLLARS ($108,000.00) to be
represented by a Promissory Note bearing interest at
the prevailing and best obtainable rate of interest per
annum, and the entire amount, together with interest to
be repaid upon receipt of funds from the United States
Environmental Protection Agency due to the City of
Savannah Beach, Tybee Island, Georgia, the amount of
said funds exceeding the amount to be borrowed, and
under all circumstances, to be repaid on or before Decem-
ber 31, 1976. The Promissory Note evidencing said loan
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shall be executed in the name of the City of Savannah
Beach, and signed by the Mayor and Clerk of Council.
1976.
Past in regular session this 23rd day of February,
THE CITY OF SAVANNAH BEACH,
TYBEE ISLAND, GEORGIA
BY:
ATTEST:
ayor
City Clerk
I HEREBY CERTIFY that the above and foregoing is
a true and correct copy of a resolution adopted by the
Mayor and Council of the City of Savannah Beach, Tybee
Island, Georgia, held on February 23, 1976. I further
certify that said resolution has not since been changed
or amended.
THIS the 2 V T'day of February, 1976.
E. M. PATTERSON
CLERK OF COUNCIL