HomeMy Public PortalAbout1989-05-31 Special Meeting15
Special Council Meeting
May 31, 1989 - 10:30 A.M.
The special meeting of the Bal Harbour Village Council was held
on Wednesday, May 31, 1989 at 10:30 A.M. in Village Hall. The
meeting was called to order by Mayor Estelle Stern. Those
present were:
Mayor Estelle Stern
Asst. Mayor Matthew B. Blank
Councilman James E. Boggess
Councilman Andrew R. Hirschl
Also Present: Carole S. Morris, Village Manager
Richard J. Weiss, Village Attorney
Marilyn-P. Kreger, Village Clerk
Absent: C/M Sol M. Taplin
Having a quorum present, Mayor Stern announced the purpose of
this meeting is to adopt the following emergency ordinance:
AN EMERGENCY ORDINANCE OF BAL HARBOUR VILLAGE, FLORIDA;
MAKING A FINDING THAT AN EMERGENCY EXISTS; AUTHORIZING
APPLICATION FOR A STATE REVOLVING FUND LOAN; PROVIDING
ASSURANCES; ESTABLISHING PLEDGED REVENUES; DESIGNATING
AN AUTHORIZED REPRESENTATIVE; AUTHORIZING EXECUTION OF
A LOAN AGREEMENT AND ESTABLISHING AUTHORIZING EXECUTION
OF A LOAN AGREEMENT AND ESTABLISHING AUTHORITY TO
UNDERTAKE THE UPDATING OF THE SEWER PLANT.
A moment of silence was observed in memory of U.S. Rep. Claude
Pepper.
Attorney Richard Weiss advised that the first order of business
should be the stating of the emergency. Mayor Stern stated that
Statutes require adoption of an ordinance in cases when the
Village borrows money and that in order to meet the state
requirements to borrow these funds, time is of the essence.
There is not sufficient time to do the usual advertising normally
required to adopt ordinances.
Carole Morris, Village Manager, stated that the Department of
Environmental Regulation has scheduled a "list management meeting
on June 20th". On this date, the city of Arcadia will be removed
from this list which leaves a spot open for Bal Harbour. If Bal
Harbour is ready, having previously submitted all other necessary
documentation, this ordinance is the final step to be placed on
the list in place of Arcadia. This will assure Bal Harbour of
loan funding this year, as soon as July or August. In the event
Bal Harbour is not ready, another agency that is ready would be
given the opportunity to assume Arcadia's position on the list.
Bal Harbour would then have to wait another year. The only other
paperwork requested to be sent is being prepared simultaneously
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with this meeting by the accounting department and building
department. Everything would be Federal Expressed out to them on
this afternoon. If this loan cannot be secured this year, Mrs.
Morris indicated that she would begin negotiations for private
funding because the sewer system cannot wait another year.
In response to a question of Asst Mayor Blank, Mrs. Morris stated
that the repair costs would be approximately $800,000.00 all of
which would be funded by the loan at 4.6% interest rate amortized
over a maximum period of 20 years. Attorney Weiss added that the
loan documents provide that if something comes up during the work
that any other parts need to be replaced, the cost would be
covered in the loan. Sot re really isn'ta cap, just 100% of
the cost of the work. a interest wCuld cost $60,000.00
annually. The Village may attempt to pay off the loan in 15
years depending on what -the amortization schedule DER submits
looks like. The sewer budget currently reflects�a $58,000.00
reserve for payment for loans, which would not affect ad valorem
taxes. Revenues from sewer fees is approximately $500,000.00
annually and is run as an enterprise fund which -dean that
revenues and expenditures must always balance.
The DER has notified the Village that is has received the money
from the EPA, so assuming everything is in place, the Village may
receive immediate funding.
Mayor Stern called the question on Asst Mayor Blank previous
motion.
Vote Taken: All Voted Aye
The Village Clerk read the emergency ordinance as stated above by
title.
Asst Mayor Blank moved the, -approval of the emergency ordinance on
1st and 2nd reading. C/M Boggess seconded the motion.
Vote Taken: All Voted Aye
There being no further busirss, the meeting was adjourned at
11:00 A.M.
Mrs. Morris advised the Council of Deputy Police Chief Glenn
Grundy condition. General discussion was held relative to that
subject.
Attest:
Village Clerk
Spec. Councif Mtg. 5/31/89
Mayo
2.
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