01-17-89 v SPECIAL COMMISSION MEETING
TUESDAY, JANUARY 17, 1989, 6 P.M.
AGENDA
1. Call to order
2. Resolution No. 89-4
Introduction and adoption of a resolution providing for financing
by the City of Atlantic Beach of the cost, the acquisition,
construction and installation of continuing care retirement
facility to be known as Fleet Landing; providing that bonds issued
to finance the project shall not constitute a debt, liability or
obligation of the City or the State of Florida or any political
subdivision thereof but shall be payable solely from the revenues
developed by Fleet Landing and authorizing the Mayor and Clerk to
execute the remarketing agreement and bond purchase agreement and
other documents in connection thereto;
3. Action by the City Commission to approve appointment of Haywood
Dowling and Mattie Freeman to the Atlantic Beach Code Enforcement
Board and of John Bass and Sam Howie to the Community Development
Board.
4. Any other business.
Adjournment
MINUTES OF THE SPECIAL MEETING OF THE ATLANTIC BEACH CITY
COMMISSION HELD AT CITY HALL ON JANUARY 17, 1989, AT 6:00 PM
1. Call to order
The meeting was called to order by Mayor Gulliford. Present were
Mayor William I. Gulliford, Jr. , and Commissioners Robert B.
Cook, Sr. , Glenn A. Edwards, Alan C. Jensen, and Adelaide R. Tucker.
Also present were City Attorney Claude Mullis, City Manager Richard
Fellows, and Acting City Clerk Karen Moore. City Clerk Maureen King
was absent.
2. ACTION ON RESOLUTIONS:
Resolution No. 89-4
The Mayor presented in full, in writing Resolution No . 89-4, _A
RESOLUTION PROVIDING FOR FINANCING BY THE CITY OF ATLANTIC BEACH,
FLORIDA OF ALL OR PART OF THE COST OF THE ACQUISITION, CONSTRUCTION
AND INSTALLATION OF A CONTINUING CARE RETIREMENT FACILITY TO BE KNOW
AS "FLEET LANDING, " TO BE LOCATED IN THE CITY OF ATLANTIC BEACH,
FLORIDA, AND TO BE OWNED AND OPERATED BY NAVAL CONTINUING CARE
RETIREMENT FOUNDATION, INC. ; PROVIDING FOR THE ISSUANCE BY THE CITY OF
$62,950,000 PRINCIPAL AMOUNT OF ITS VARIABLE RATE DEMAND REVENUE BONDS
(FLEET LANDING PROJECT), SERIES 1989, AND FOR A LOAN BY THE CITY TO
SAID COMPANY IN A PRINCIPAL AMOUNT EQUAL TO THE PRINCIPAL AMOUNT OF
SUCH BONDS, TO FINANCE ALL OR A PORTION OF THE COST OF SAID PROJECT;
PROVIDING THAT SUCH REVENUE BONDS SHALL NOT CONSTITUTE A DEBT,
LIABILITY OR OBLIGATION OF THE CITY OR THE STATE OF FLORIDA OR ANY
POLITICAL SUBDIVISION THEREOF, BUT SHALL BE PAYABLE SOLELY FROM THE
REVENUES HEREIN PROVIDED; APPROVING AND AUTHORIZING THE EXECUTION AND
DELIVERY OF A LOAN AGREEMENT WITH SAID COMPANY TO FINANCE THE PROJECT
AND TO PROVIDE SECURITY FOR SUCH OBLIGATION; APPROVING AND AUTHORIZING
THE EXECUTION AND DELIVERY OF A TRUST INDENTURE; APPOINTING SOUTHEAST
BANK, A TRUST INDENTURE; APPOINTING SOUTHEAST BANK ,N.A. , AS INITIAL
TRUSTEE THEREUNDER; APPROVING THE FORM OF A PRELIMINARY OFFICIAL
STATEMENT AND AUTHORIZING THE EXECUTION OF A FINAL OFFICIAL STATEMENT;
APPROVING AND AUTHORIZING THE EXECUTION AND DELIVERY OF CERTAIN OTHER
DOCUMENTS REQUIRED IN CONNECTION WITH THE FOREGOING; AWARDING THE
SALE OF THE BONDS AND APPROVING THE CONDITIONS AND CRITERIA OF SUCH
SALE; AUTHORIZING THE EXECUTION OF A BOND PURCHASE AGREEMENT;
DESIGNATING A REMARKETING AGENT AND TENDER AGENT AND MAKING CERTAIN
OTHER APPOINTMENTS; AND PROVIDING CERTAIN OTHER DETAILS IN CONNECTION
THEREWITH; ALL PURSUANT TO CHAPTER 159, PART II, FLORIDA STATUTES, AS
AMENDED:
The Mayor stated for the record that Karen Moore had been designated
as Acting City Clerk for the meeting.
Commissioner Jensen moved for passage of Resolution No. 89-4.
The motion was seconded by Commissioner Edwards.
During discussion Commissioner Jensen asked the City Attorney if the
City had received a disclosure statement. Mr. Mullis directed the
question to Mr. Jim Cater, of the underwriting firm, Underwood,
Neuhaus & Company. Mr. Cater stated the disclosure statement was
attached to the original Bond Purchase Agreement which was given to
each Commissioner prior to the meeting. He further stated the copy
each Commissioner had was not corrected to reflect what the execution
copies reflected. Mayor Gulliford asked if the banks that would
provide the letter of credit had changed. Mr. Cater stated there had
originally been four banks. The Bank of Scotland dropped out because
the transaction did not fit their portfolio.
The question was called and the vote was as follows:
Mayor Gulliford voted Aye, and Commissioners Cook, Edwards
Jensen and Tucker voted Aye.
3. Action by the City Commission to approve appointment of Haywood
Dowling and Mattie Freeman to the Atlantic Beach Code Enforcement
Board and of John Bass and Sam Howie to the Community Development
Board.
Mayor Gulliford stated there had been some confusion over the
appointment of board members and also conflicting statements about the
Mayor having the power to appoint board members. He called for the
Commission to ratify the appointments of Mr . Haywood Dowling and
Mattie Freeman to the Code Enforcement Board and John Bass and Sam
Howie to the Community Development Board.
Commission Cook moved to ratify the appointments of Haywood
Dowling and Mattie Freeman to the Code Enforcement Board and
John Bass and Sam Howie to the Community Development Board.
The motion was seconded by Commissioner Jensen.
No discussion before the vote. The motion carried unanimously.
4. Any other Business
Mr. Fellows brought up the subject of the purchase of the three
triangular lots at the entrance to Ocean Grove, one of which would be
used for a pump station in connection with the Beach Avenue water and
sewer main extensions. The other two lots are proposed to be made
into park. An offer was made to the owner of the lots in the amount of
$1, 500, the owner came back with an amount of $5, 000 lowered it to
$3, 500, then came to an agreement with the City to lower it to $2, 500.
Commissioner Cook moved to authorize the City Manager to
execute the agreement with the land owner to purchase the
three lots. The motion was seconded by Commissioner Tucker.
Commissioner Edwards asked if the City would maintain the proposed
park. Mr. Fellows responded in the affirmative. Commissioner Tucker
stated they had been looking for a park to name after Adele Grage.
The question was called and the motion carried unanimously.
Mayor Gulliford announced the names of the Safe Neighborhood Committee
and they are as follows: P. J. Weatherhold, Dezmond Waters, Susan
Wheatley, Pam Timberlake, Clay and Phyllis Tousey, John and June
Stimler, Julie Page, Fred Kerber, Joe Reynolds, Kevin and Katie Dunn,
Pam Smith, Jean Casella, Rev. Pearce Ewing, Joan Hale, Malcom Radel,
Bill Pierce, Tom Burns, Ann Corp, Rita Fairbairn and Jack Brooks. He
stated he had talked to the City Manager and indicated that Mr .
Waters, Mrs. Wheatley and Rev. Ewing were already on other committees
and his desire was not to have citizens on more than one committee and
would give them the option as to which committee they wanted to serve
on. Mr. Fellows stated Mr. Henry Batts wished to serve on the
committee.
There being no further discussion, the meeting was adjourned at 6:20
PM.
I
1 . ,
AL- A A V AIM
William I . Gullifod •W
Mayor - Presiding 1 , -
ATTEST:
/ J
e t__
Karen S. Moore, Acting City Clerk