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09-19-88 v CITY OF ATLANTIC BEACH SPECIAL MEETING SEPTEMBER 19, 1988 AGENDA Call to order Invocation and pledge to the flag 1. Public hearing on tentative budget and proposed millage rate for fiscal year October 1, 1988 through September 30, 1989 (Prior to the conclusion of this hearing, the governing body shall amend the tentative budget as it sees fit, adopt the amended tentative budget, recompute its proposed millage rate, and publicly announce the percent, if any, by which the recomputed proposed millage rate exceeds the rolled back rate computed earlier. Whatever the percent shall be characterized as the percentage increase in property taxes tentatively adopted by the governing body) 2. Discussion by the City Commission on a modified approach to the public improvements in Section H 3. Any other business Adjournment MINUTES OF THE SPECIAL MEETING OF THE ATLANTIC BEACH CITY COMMISSION HELD AT CITY HALL ON SEPTEMBER 19,1988 AT 7:15 PM The meeting was called to order by Mayor Howell. Those present were Mayor William S. Howell, Commissioners Robert B. Cook, Sr. , Glenn A. Edwards, William I. Gulliford, Jr. , and Alan C. Jensen, City Manager Richards C. Fellows, and City Clerk Adelaide R. Tucker. Also present for discussion on Section H were Mr. Dan Livermore, Bond Attorney, Mr. William Weathers, Financial Advisor, and Mr. Don Ruckman, Engineer for the project. 1. Public Hearing on tentative budget and proposed millage rate for fiscal year October 1, 1988 through September 30, 1989. The Mayor announced the budget, as proposed by the City Manager and Department Heads had a millage of 1.6639. The roll back millage rate was 1.5886. After holding budget workshop meetings, the actual final rate would be 1.5564 which was below the roll back rate. Mayor Howell opened the floor for a Public Hearing and invited comments from the audience. As no one spoke for or against the proposed budget, the Mayor declared the Public Hearing closed. Commissioner Gulliford moved to adopt the tentative budget and proposed millage rate. The motion was seconded by Commissioner Cook. During dis- cussion before the vote, Commissioner Edwards asked the Commission if they were really doing themselves a favor by reducing the millage rate that much. He asked what the Commission would do if we had a disaster such as a hurricane similar to Gilbert. The Mayor responded the Commission had cut the budget by $32,000 at the budget workshop meetings which cut the millage down to 1.5564, and he added relative to a disaster, the Commission had more in reserve than $32,000. Following discussion, the question was called and the motion carried unanimously. Mayor Howell announced the proposed millage rate adopted was 97.97% of the roll back figure. * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * 3. Commissioner Jensen moved for passage of a Memorial Resolution for Pete Johnson. The motion was seconded by Commission Gulliford and carried unanimously. * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * 2. Discussion by the City Commission on a modified approach to the public improvements in Section H Mayor Howell announced the Commission realized the initial impact of the assessments in Section H were very high, and the Commission had no intention of continuing the project at $72.00 per front foot. He proposed the city pledge to the payment of the bonds approximately $300,000 we will collect from the gas tax, and the city will also be receiving a little over $100,000 in block grant funds. The first payment should be received in October, 1989. If the city picked up the cost for the financing of the streets and drainage for the project with the above mentioned funds, the PAGE TWO MINUTES SEPTEMBER 19, 1988 front foot cost to the property owners to approximately $32.00 per front foot payable over 20 years. Another option was the city could impose another impact fee on streets and drainage of approximately $10.00 to $15.00 per front foot. That would only be applicable to any vacant lot where someone applied for a building permit. There would be no affect on property owners until they wanted to build on the lots. Mr. Ruckman said the overall project cost would be $3,556,700. The project has been cut back to delete the area north of Levy Road. The cost of paving and drainage would be $2,240,900, and the cost for water and sewer would be $1,315,800. The property owner would pay approximately $31.84 per front foot for a 50' lot or $1,592.50 total to be spread over 20 years plus 8% interest. Commissioner Gulliford asked Mr. Livermore if they could tie in the impact fee of $10.00 to $15.00 to a base index that could be adjusted. Mr. Livermore said you should be able to tie it to either a cost index or to an interest rate. Following discussion, Mr. Livermore was instructed to look into the matter and report back. Commissioner Cook moved to authorize Mr. Livermore and Mr. Weathers to proceed with: prepare the bond application with Gulf Breeze, and authorize the proper officials to sign on behalf of the city. Instruct the City Manager to advertise for another Public Meeting. The motion was seconded by Commissioner Edwards and carried unanimously. Commissioner Gulliford complimented Lt. Christman for his efforts in apprehending two burglars at Commissioner Gulliford's home over the week-end. There being no other business to come before the Commission, The Mayor declared the meeting adjourned. -/ Wil iam . Howell Mayor/Presiding Officer ATTEST: a-ea C-A-&C-- Adelaide R. Tucker City Clerk