94-49 v RESOLUTION
94-49
A RESOLUTION OF THE CITY OF ATLANTIC BEACH,
FLORIDA IDENTIFYING NEEDED WATER, SEWER
AND STORM WATER PROJECTS FOR THE REPAIR,
EXPANSION AND REPLACEMENT OF THE CITY'S
EXISTING SYSTEM.
WHEREAS, the recent storm water runoff on several occasions has adversely affected
residential and city property in the City of Atlantic Beach, and
WHEREAS, the City of Atlantic Beach has commissioned and received a storm water
study to identify needed storm water drainage improvements within the City, and
WHEREAS, the need for repairs of the Atlantic Beach Water and Sewer System are
increasing, and
WHEREAS, the City of Atlantic Beach's Water and Sewer Committee and Staff have
over the past four years identified needed expansion, replacement and repair of the
City's Water and Sewer System, and
NOW THEREFORE BE IT RESOLVED BY THE CITY COMIVIISSION OF
THE CITY OF ATLANTIC BEACH, FLORIDA, AS FOLLOWS:
SECTION 1. The City Commission identifies and recognizes the urgent need
for implementation the list of water, sewer and storm water projects given in
Attachment A of this resolution.
SECTION 2. The City Commission desires that the funding of these
proposed projects will be based on financing which will use only the existing approved
revenue streams and not new tax or rate increases. If funding cannot be developed for
_dli of the projects identified in Attachment A, the projects will be funded by priority
based on the available revenue.
SECTION 3. The City Manager is directed to move forward in seeking a
Financial advisor for the Commission's selection. The Financial Advisor will be
responsible for recommending to the Commission the best way to finance the projects
in Attachment A through the City's existing approved revenue streams. The Financial
Advisor selected will, as part of his contract with the City, receive no fmancial benefit
or profit from any proposed funding sources related to this contract.
Cil(- )r+
Adopted by the City Commission of Atlantic Beach this theay of November, 1994 '
Lyman T. Fletcher, Mayor/Presiding Officer
Approved as to form and correctness:
ATTESTED_--_____ -------------------- --- - -----------------
Alan C. Jensen, City Attorney Maureen King, City Clerk
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