08-28-1946 - Regular
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llliGULAR MEETING 0]' r.J.1HE TOIVN COlJNCIL 0]' EDG~V~Nl'~R,
FLORIDA, HELD IH 'l'H.~ V.l.A.HALL ON AUGUST 28~1946 at 7.30 P.M.
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ROLL CALL.
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Vice-Mayor-Councilman - Lohman - Present.
Councilman - Patch - Present.
Attorney - French - Present.
Clork Godward - Present.
Marshall - Thomas - Present.
st. Supervisor - Moore - Present.
RZADING OF MINUTES.
The Clerk read the minutes of the Rogulnr Meeting of A~gust 14,
1946, Also the minutes of tho Special meeting of August 5,1946.
Also the minutes of the Eaualization 1woting of August 21,1946.
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It was moved by Councilman Patch and soconded by Vico-Mayor-
Councilman Lohman that the abovo mentioned minutes be approved as
read. By vote the motion wus c~rriod.
Vote. Vice-Mayor-Councilman Lohman-Yos.
Councilman Patch -Yes.
The minutes of J1. ~nocia1 Meotin.lt: held on Au~ust 21,1946 were
read by tho clerk. A correction was mado by Attorney French and the
clerk was instructed to make corrections and present thes minutes at
the next regul:..l.r meeting.
BILLS AND ACCOUNTS.
G.W.Mills, Two days work on streets,--
J.S.Bates, Oil .25- gas 2.40
10.40
2.65
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13.05
REPowrs.
Street Supervisor Moore reported that he had graded the stroot
on the west side of tho railroad on Park Avo. and done some other
needed repairs on tho streets.
COMMUNICATIONS.
A latter from tho City of New Smyrna Beach, Florida dated Aug.
24,1946, answering a communication from the City of Edgewatcr dated
Aug. 14,1946. regarding the Electric Ligh and Power Question was
read by tho clerk. These communications are attached as a part of
these minutes..The clerk was instructed to answor tho lottor from
tho City of How Smyrna Boach after getting advise"'from Attorney
Fronch as to the proper wording.
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Pg. 2.
Minutes of Regular Meeting.
Aug. 28,1946
A letter from Leedy,Wheeler & Co., Investment Bankors of Orlando,
Florida, offering to finance the building or buying an electric dis-
tribution s~stom for the Town of Bdgowater was read by the clerk.
Tho clork was instructed to answer this letter, with the aid of
Attorney French as to the propor w01rding.
ORDIHAHC3 lH).- 143.
AN ORDINANCE AMMgNDING ORDINAIWl!; NO. 141.
BE IT ORDAIlBD BY TH1~ TOi'lN COUNCIL OF 'lJIU .TOW.N-LQF EDGSWA'l'~R ,FLORIDA:
S~CTION 1. That Ordinance NO. 141 be amendod by adding after
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Section 3 thereof an additional section roading as follows:
" Section 3 A.- No building or other structure shall be
erected or constructed loss that five feot from the lines
of the property of adjacent land ownors.Provided,however,
that this does not apply to buildings erected for business
purposes."
Scction 2.
_________ All ordinancos or parts of ordinancos in aolflict hero-
with be and the same are hereby repealed.
SECTION 3.
This ordinance shall take effect immediately upon its
passago.
The above Otdinanco was read in full and passed by the unanimous
voto of tho Tovm Council of the Town of 3dgewuter, Florida,at a
Regular Meeting on the 28th day of August,A.D. 1946
Upon Moti on duly made, seconded and unanimously carried, the re-
auirement of reading said ordinance upon its second reading waS
waived and this ordinancn was ordered put on its final passage.
Passed by the unanimous vote of the Town Council of tho Town of
Edgewater. Florida, at a regular meeting of said Council hold this
28th day of August A.D. 1946. and approved as provided by law,the
voto of said Council on roll call being as fo ows:
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V1ce- Mayor- Councilman
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Councilman.
It was mov'0d by Councilman Patch and seconded y Councilman Lohman
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tha~ te meeting be adjourned. By vote tho motion was unanimously
carried.
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Vice*Mayor -Councilm2n
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_~G\'~\~-n-
Councilman
ATTEST:
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LOOMIS C. LEEDY, PRESIDENT
HOWARD S. WHEELER, VICE PRESIDENT
F. MONROE ALLEMAN, SECRETARY-TREASURER
Investxnent Bankers
Orlando, Florida
August 31st
1 9 4 6
Honorable Mayor and Town Council
Edgewater, Florida
Gentlemen:
It is our understanding that Edgewater desires to
acquire, or if necessary build, its electrio distribution sys-
tem, and in this conneotion we submit the follolring proposal.
1. We are to be appointed fisoal agents of the town.
2. In this capacity we are to negotiate with the City
of New Smyrna Beach, to the end that the distribution system
now existing in Edgewater may be acquired by you at a price
mutually satisfactory to you and the City of New Smyrna Beach.
3. If you~n~ New Smyrna Beach are unable to come to
a satisfactory agreement and you prefer not to acquire the exist-
ing distribution system by condemnation, we will, if you desire,
furnish you with a competent engineer who will provide you with
plans for an adequate electric distribution system. When these
plans have been approved by you, you agree to authorize under
our supervision, Electric Revenue Bonds to pay for the cost of
installation of this system, engineering fees, and other ex-
penses that may arise in connection with the transaction.
4. We agree to supply you through nationally known
bond attorneys, and subject to the approval of your own attorney,
all legal proceedings neoessary for the authorization and issu-
ance of these Revenue Bonds, which bonds are to be an obligation
solely and payable entirely from the net proceeds of the eleotric
system. You agree that you will at all times, unless contrary
agreement be reached between you and the holders of 75% of the
securities, charge rates that will guarantee a coverage of l~
times debt service during the lifetime of these securities.
5. When these bonds have been duly authorized and val-
idated under the direotion of your City Attorney, we agree to buy,
and you agree to sell, said bonds at a price of 96 and accrued -
interest. bonds to bear interest a~ 4%.
Respectfully submitted,
LEEDY, fJEEL~~ANY
BY~C ~od11
The above proposal is hereby accepted by duly adopted resolution
passed by the Town Council this ____ day of September, 1946.
City Clerk
Mayor
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(3i1r of JVew Smrrna $eac/z
VOLUSIA COUNTY
:7Lorida
PLEASE ADDRESS REPLY: ATTENTION
August 24, 1946
Town Council
Town of Edgewater
Florida
Gentlemen:
I am in receipt of your communication of
August 14, 1946, relative to the purchase
of electrical equipment owned by the City of
New Smyrna Beach, Florida, located in the
Town of Edgewater.
Since this communication does not contain
any concrete offer, you should therefore
advise, in writing, your specific proposal
in order that the same may be properly
considered by the City Commission of New
Smyrna Beach, Florida.
Very truly yours
. ~.M~