6/18/1980 - Laserfiche WebLink

Home Browse Search

m m THE CHAIRMAN CALLED FOR THE QUESTION. IT WAS VOTED ON AND CARRIED UNANIMOUSLY. ADMINISTRATOR JENNINGS SUGGESTED THE AGREEMENT FOR MAINTENANCE OF THE FELLSMERE GRADE WITH OSCEOLA COUNTY BE ADDED TO THE AGENDA. COMMISSIONER Loy SUGGESTED ADDING AN ITEM CONCERNING THE SHERIFFS APPLICATION FOR THE STATE REVENUE SHARING. ON MOTION BY COMMISSIONER Loy, SECONDED BY COMMISSIONER DEESON, THE BOARD UNANIMOUSLY AUTHORIZED THE SIGNATURE OF THE CHAIRMAN ON THE ANNUAL STATE REVENUE SHARING APPLICATION, WHICH MUST BE PREPARED BY THE SHERIFF. ON MOTION BY COMMISSIONER Loy, SECONDED BY COMMISSIONER DEESON, THE BOARD UNANIMOUSLY AUTHORIZED ADDING ALL THE PREVIOUSLY MENTIONED ITEMS TO TODAY IS AGENDA. ATTORNEY COLLINS NEXT DISCUSSED AUTHORIZATION FOR THE CHAIRMAN TO SIGN TAX ANTICIPATION NOTES IN THE AMOUNT OF $450,000. HE CONTINUED THAT THE PROCEEDS OF THE NOTES WOULD BE REINVESTED ON A SHORT TERM BASIS; THIS MONEY TO BE USED FOR THE PURCHASE OF APPROXIMATELY 40 ACRES OF LAND, AND THE TEST WELL PROGRAM FOR THE SOUTH COUNTY WATER TAXING DISTRICT. THE ATTORNEY STATED IT IS ANTICIPATED THAT IT WILL BE RE— FINANCED THE LATTER PART OF THIS YEAR BY ISSUING BOND ANTICIPATION NOTES. HE ADDED THAT THIS IS A TAX ANTICIPATION NOTE WHERE THE COMMISSIONER IS PLEDGING AD VALOREM TAXES FOR THE YEAR 1980-81 TO SECURE THE TAX ANTICIPATION NOTE. INTERGOVERNMENTAL COORDINATOR THOMAS REPORTED THAT HE HAD MADE ARRANGEMENTS WITH FINANCE OFFICER BARTON TO INVEST THE FUNDS IMMEDIATELY. THE CURRENT RATE ON THE TAX ANTICIPATION NOTES IS 6-3/4% AND THE FUNDS WILL BE INVESTED AT APPROXIMATELY 7-3/4%. ON MOTION MADE BY COMMISSIONER LYONS, SECONDED BY COMMISSIONER DEESON, THE BOARD UNANIMOUSLY ADOPTED RESOLUTION 80-58 AUTHORIZING THE CHAIRMAN TO IMMEDIATELY SIGN THE TAX ANTICIPATION NOTES IN THE AMOUNT OF $450,000, IN ORDER TO TAKE IT TO THE BANK. 3 ,JUN 18 1980 BOOK 4c7. PAGE 73P.