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Home My Public Portal About1956-06-12 MeetingJune 18, 1956 The'Council of 'Ba1.Barbout Village met June 18, 1956, at'5300 61elock P. M, at the Village . Hel . `here were present: Meseta. Broemen, Brown, Collins, and'.Landis Absent: _Mr."Beatty.. Also "present were W. H. Webb, Village.Manager, and Mary Wetterer, Village Clerk, In the absence of Mayor Beatty the meeting was conducted,hy Assistant, Mayor Broemen. On motion of Mr. Collins, seconded by Mr. Brown, the minutes of.the previous meetings of May"28, 1956,, and June 9, 1956, were approved as submitted; Mr. Broeman brought the council up to date on the .negetiations with Mr."Atwill regarding the certificates for the purchase of 'taint and constrnetion.of, the water tank and the following letters regarding Mr. At: ills propesel -mete. read to the eouncil by Mr, Webb; Bal Aarbour"Viblage. 655 Ninety—six Street Miami Beach, Florida ,Attention: Mr. Willard,bb, Village Manager Gentlemen: June 13, 1956 In re: .$150,000 Bal Harbour Village 3i% Water. Revenue;Certificatesy Series: In accordance with our conversations we agree to purchase1150,000` Bal Harbour Village, or a lesser amount, Water Revenue Certificates, Series 1956, p These certificates which are to be authorized incompliance with Laws of the State,of Florida and the "V.iilage,Charter,-and approved by the firm of ChaFmen and Cutler, are to be dated June 1,,1956 and' will mature serially on June 1 in each .of the years es'follows: 1957 $5,900 1958.thrn 196i, inclusiva, 6,000. . 1963 thin 1967,,.inclusive, _7000 1968 thru 1970, inclusive, 8000 1971 thru 1975, inclusive, 9,000 1976 10,01P0., Interest on these certificates is to be payable semi-elinuellY Jute 1 and. December 1 and the certificates are to be callable on December:l, 1962 at 103, gradually reducing one quarter of one persent each six: months period until they are callable December 1, 1968 and thereafter at"par and accrued interest. The security behind the certificates is to be the net revenues from.: the water works system and will be additionally secured'to the extent necessary by the proceeds from the Florida Power and Light Company franchise. At such time in the future when the net water revenues for a period of 24 consecutive months have produced an amount on an annual everage sufficient to cover. the maximum debt serviceon the certificates outstanding (150%), the Village_may'at their option,. withdraw the pledge.o€ the Florida Poser and Light Goipany franchise. The certificates are to bear interest at the'rate of 3 1/4% per annum and We agree to pay a price of '98% of par for each certificate that we purchase. At thetime that the validation decree has been entered by the Circuit Court of the Eleventh Judicial Circuit, in and for Dade County, Florida, the' Village is to advise us the exact number of certificates which we are to purchase. .Very truly yours, ATWILL AND COMPANY,Itr. (Wm. Atwill, Jr.). President June 14, 1456, Bal Harbour Village 655 Ninety-six Street .Miami Beach, Florida Attention: Mr. Willard H. Webb, Village Manager Gentlemen: In re: $150,000 Bai Barbour.Village 3i% Water Revenue Certificates,.°Series 1956 . rn accordance with your request, we have asked Chapman and Cutler, to proceed with the.preparation of the authorizing ordinance covering the above captioned issue;_ ' Chapmanaid Cutler are to advise uson•Monday, June la, exactly when we might expect to receive this document and we will so inform you as to when you may hold your•adjourned meeting for its adoption. As we agreed, Atwill and Company, Inc., aresupervising the mechanics of the legal authorization and delivery of the securities and'the Village agrees to reimburse us for our actual out-of-pocket expenses, plus -the same of $500.We are doing'this as a convenience:to the Village officials and it is not to be construed that we are acting for the Village as egents.in connection with the purchase of the bonds. We are actually acting as principal and are purchasing the certificates for our own account. Very truly yours, ATWILL AND COMPANY,.INC. (Wm. Atwill, Jr.) President On. motion of Mr. : Landis, seconded by Mr; Collins, the proposals,; of Atwill and Company were accepted and vnanimousiy voted , and the Village Manager mas authorized to sign the proposals and return them. to Mr. Atwi.Il. Mr. Webb. said he would mention in the next Newsletter that these certificates would be available to villagers. Mr. Broeman said that he had been contacted by Mr. Stanley Whitman and understood that he had also contacted all the rest of the council members with a '. verbal proposal outlining a possibility of further negotiations for the acquiring"; of one-half of Lot 1 adjoining Area #4 of the Business District and requested a delay in our construction program for the village hall. After discussion it was the concensus of opinion of the council that the plans had gone so far that any changes at this time would be prohibitive. Mr. Webb reported that the Time Deposit of Bond Money, placed in the Community National Bank had accumulated interest of $750,OO up to the termination'.. date of June 12th. After discussion it was moved by Mr. Brown, seconded by Mr. Landis, and unanimously voted that inasmuch as the money would be needed shortly\it would not be placed again as a Time Deposit. Ordinance No. 47, ,entitled, An Ordinance amending Ordinance No. 11 of Bal Harbour Village, Florida, to include the new record plat of the Business District, was presented to the council and on motion of Mr. Collins, seconded by Mr. Landis, was unanimously adopted. Ordinance No. 48, regarding the Water Tank Revenue Certificates was ordered tabled until later in the meeting. Mr. Webb told the council that ground -breaking ceremonies would take place at 10:00 o'clock tomorrow for the new village hall and hoped they could all4 be present. Mr. Webb read a letter from Mr. Anderson regarding Federal taxation and the council decided to table this until later. A letter from the Surfside-Bal Harbour -Bay Harbor Chdmber of Commerce asking for permission to use the Bal Harbour Village Seal on advertising matter was read. The council decided to table this for the Mayor's attention. , Mr. Broeman said he would like to acquaint the council with the fact that a development was being put on north of Ft. Lauderdale beari;ig the 'name of Bal Harbour Estates. It was moved by Mr. Landis, seconded by. Mr. Collins, and " unanimously voted that the council have Mr. Anderson take this up with the developers and restrain them from using the name if possible. It was then moved by Mr. Landis, seconded by Mr. Brown, and unanimously voted that the meting berecessed until further notice. The Council of Bal Harbour Village, Dade County,'Florida, met in regularsession, adjourned from,the regular meeting of June.i8, 1956, at the regular meeting place of the Council in the Village Hail in Bal Harbour Village at 6:00 o'clock P.M. on June 28, 1956, with the following members present: Messrs. Beatty, Broeman and Landis. Absent: Messrs. Brown and Collins There were also present Mary T. Wetterer, village Clerk; and W. H. Webb,','„ Village Manager. After the transaction of other business, the following ordinance was introduced in written form, was read in full, and thereupon pursuant to motion made by Robert G. Landis, and seconded by Dwight W. Broeman, was adopted by the following_. vote: Aye,- John F. Beatty, Dwight W. Broeman, Robert G. Landis. Nay,- None. The ordinance was thereupon signed by the Mayor in evidence of his approval, was attested by the Clerk, was ordered recorded by the Clerk, and is entitled as follows: 'ORDINANCE. NO, a . "AN'ORDINANCE PROVIDING FOR THE ISSUANCE .OF $150,000 WATER REVENUE CERTIFICATES,`SERIES 1956, OF BAL HARBOUR VILLAGE, FLORIDA; FOR THE PURPOSE OF IMPROVING AND EXTENDING THE WATERWORKS PLANT AND SYSTEM OF BAL HARBOUR VILLAGE, PROVIDING POLITE SALE, SECITRITY AND PAYMENT THEREOF., AND MAKING CERTAIN. , COVENANTS AND AGREEMENTS.IN..TRAT CONNECTION.", There.being no further business to come before the Council duly made and carried, the Council.adjourned, The July 16$ 1956 at 1956 Tax B011. email of Bal Harbour Village met at the Nillage Hall MkUdey i00'e*clock P..M. to act as a Board of Equalization.forithe • -Present vete: Messrs. Beatty,"Broeman, Collins and i!aridis , Absent: Aer,..Brown " •A cerium of-tbe coutleil here,present and the meeting was called to order tty Mayor 8eetty. • As there were no taxpayers presort to protest their"asaessmett*OU Mr. Webbthe Taiissessor reported"that"netomplaints had been"reee * "in'hla " office since the posting of the Equelization Notice)* July•1,•19564* motion of - Mr. Collins, seconded by Mr. Landis, tha"an No5.1 waA accepted as Oresented and the meeting was adjourned. The council then proceeded with the refelar business meeting. Also present were W. H. Webb,"Villages Manger; Mary Wetterer, Villa Clerk and Thomas Anderson, Village Attorney. The minutes: of the previous meeting of dune 18, 1956 were accepted on motion of Mr. Landis, _seconded by Mr. Collins. Mr* Anderson reported that he had written to:Mr, G. Earl James, atttt for Mr. Bob Rickel, developer of the Bal Harbour"subdiele in Flirt. Land and that be was now waiting for his answer. He teid that if Mr. Rickel would not change the subdivision's name he would take it to Circuit Court. f