05-07-1981 - Workshop
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CITY OF EDGEWATER
CITY COUNCIL WORKSHOP
May 7, 1981
CALL TO ORDER
Mayor Robert H. Christy called the Workshop Meeting of the City
Council of the City of Edgewater to order at 1:30 P.M. in the
Conference Room.
ROLL CALL
Mayor Robert H. Christy
Councilman Jacob Lodico
Councilman David Ledbetter
Councilman Wilbert Pendleton
Councilman John T. Wilbur
City Attorney Clay Henderson
City Clerk Nancy F. Blazi
Police Chief Earl Baugh
Present
Present
Excused
Present
Present
Present
Present
Present
The purpose of this workshop was to discuss the funding of paving,
sewer, water and drainage improvements.
The Mayor opened the meeting by introducing the following advisors
also in attendance: John Vodenicker of May Zima and Company; Bill
Cross of Briley, Wild and Associates and Loomis Leedy and Bill Fray
of Leedy Corporation.
Bill Cross summed up the discussion of last night (see Workshop
Minutes of 5/6/81), reiterating his opinion that ad valorem taxes
would be necessary to repay a bonding issue of this size. He
concluded by stating that a three-way preliminary report should
be prepared by Briley, Wild and Associates; May Zima and Company
and Leedy Corporation. This report will include alternate plans
for improvements, raising funding and repayment of indebtedness.
Mr. Leedy then spoke on the general aspects of the bond issuance
procedure. He added that Edgewater may be able to issue bonds for
the entire $29 million if done in reasonable increments, pointing
out that our yearly repayment figure would be approximately $3 million.
Mr. Paul Walls of Florida Shores spoke regarding paving in sections
as an alternative to the proposed plan totalling $29 million. A
general discussion followed regarding those and other alternatives.
Mr. Henderson and Mr. Leedy then discussed the steps needed to
create a special taxing district. Of the two available routes,
only one is open to us because of impending adjournment of the
Legislature. The remaining route would require a referendum as
its final step.
After further general discussion, all agreed that the first actual
step to be taken was to allow Mr. Cross, Mr. Vodenicker and Mr.
Leedy to discuss the matter and set a fee for the above-noted pre-
liminary report. Mr. Cross will furnish the City Clerk with that
figure on Wednesday, May 13, 1981.
ADJOURN
Councilman Wilbur made a motion to adjourn which was seconded by
Councilman Lodico. The meeting was adjourned.
Minutes submitted by:
Holly Haeger