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Home My WebLink About3/26/1980MARCH 26, 1980 THE BOARD OF COUNTY COMMISSIONERS OF INDIAN RIVER COUNTY, FLORIDA, MET IN SPECIAL SESSION AT THE COURTHOUSE, VERO REACH, FLORIDA, ON WEDNESDAY, MARCH 26, 1980, AT 9:30 O'CLOCK A.M. PRESENT WERE WILLARD 14. SIEBERT, SJR., CHAIRMAN: ALMA LEE Loy, VICE CHAIRMAN: WILLIAM C. WODTKE JR.: AND PATRICK B. LYONS. ABSENT WAS R. PON DEESON, WHO WAS UNABLE TO ATTEND THE MEETING, ALSO PRESENT WERE JACK C. .JENNINGS, COUNTY ADMINISTRATOR: GEORGE G. COLLINS, SJR., ATTORNEY TO THE BOARD OF COUNTY COMMISSIONERS: L.S."TOMMY" THOMAS, INTERGOVERNMENTAL COORDINATOR: .JEFFREY BARTON, FINANCE OFFICER: AND JANICE W. CALDWELL, DEPUTY CLERK. THE CHAIRMAN CALLED THE MEETING TO ORDER. THE CHAIRMAN REQUESTED THAT AN EMERGENCY ITEM BE PLACED ON THE AGENDA REGARDING THE FLORIDA GOVERNORS CONFERENCE ON AGING, ON POTION BY COMMISSIONER LYONS, SECONDED BY COMMISSIONER Loy, THE BOARD UNANIMOUSLY APPROVED ADDING THE EMERGENCY ITEM TO THE . AGENDA. CHAIRMAN SIEBERT DISCUSSED THE FOLLOWING LETTER FROM THE OFFICE OF THE GOVERNOR: STATE OF FLORIDA CE tHE STAT ffice of the 6-viie wr W � � - v THE CAPITOL •� s� TALLAHASSEE 32301 �D re 1P Brn3 GRAHAM GOVERNOR February 216, 1980 Honorable William C. Wodtke, Jr. County Courthouse 2145 14th Avenue Vero Beach, Floirda 32960 Dear Coiadssioner Wodtke: Governor Graham has called a Florida Governor's Conference on Aging to be held in Orlando, September 16 - 19, 1980. The purposes of the Conference will be to establish aging policy for Florida for t4e next decade and to define Florida's concerns for the White House Conference on Aging to be held in 1981. The Governor designated the Florida Council on Agin as the sponsor for the coi Xerence . Ms. Mar ,, ret Lynn Dug4;ar is Chairperson and Mrs. Adele Graham is Honorary Chairperson. Boa 43 PAGE135-- _ _-MAR 2 619.80 - _ __ _ __ - SOAR 2 61900 BUCK 43 PAr1f 138 Approximately 500 will be in attendance, and with your cooperation, we would like a number of delegates to be appointed by County Commission Chairpersons. This will provide the Conference with appropriate representation by elderly citizens from all areas of the State. In your selection of 2 delegate(s) to represent your cotmty, adherence to the following criteria would be helpful. The county delegate(s): 1. must be aged 60 or older 2. have an interest in actively participating in the Conference 3. should have adequate skills to be an effective participant. There will be a registration fee of $20.00 which will include the banquet on Thursday night, as well as other Conference materials. We have negotiated room rates with the Sheraton Twin Towers, Conference Hotel, of $30.00/single/night and $35.00/double/night. While it will not be possible for the State to pay for travel or attendance costs, it would be highly a,*-P.,opriate for your county commission, local civic clubs or others, to provide financial assistance to selected delegates. Please secure permission of your delegate(s) before appointing them so that when we receive your notification of appointment trre can contact them with additional information concerning the Conference. It would also be appropriate to appoint alternates who would attend the Conference in the event that the delegates could not. The deadline for making appointments of delegates and alternates is April 2, 1980. Names, addresses and phone numbers should be sent to: Ms. Margaret Lynn Duggar Florida Council on Aging Post Office Lox 1046 Tallahassee, Florida 32302 Your participation and support will be greatly appreciated and if I can provide you with additional information, please do not hesitate to let me know. S rely, _ . W. Wood, III Governmental Analyst a[ 1. pp - CHAIRMAN SIEBERT FELT WE SHOULD SEND TWO DELEGATES AS THIS IS A VERY WORTHWHILE EFFORT. HE ADVISED THAT THE AMERICAN ASSOCIATION OF RETIRED PERSONS (AARP) HAVE BEEN CONTACTED AND THAT THEY PLAN TO SEND THEIR PRESIDENT AS ONE OF THE DELEGATES. DISCUSSION ENSUED REGARDING THE VARIOUS COSTS THAT WOULD BE INVOLVED. 4 COMMISSIONER WODTKE INQUIRED ABOUT THE NEW AARP GROUP WHICH IS FORMING IN THE NORTH COUNTY. WILLIAM KOOLAGE, INTERESTED CITIZEN, ADVISED HIM THAT THEY HAVE APPROXIMATELY 100 MEMBERS BUT AS YET DO NOT HAVE THEIR CHARTER, COMMISSIONER LYONS FELT THAT THE DELEGATES SHOULD TURN IN VOUCHERS, UP TO $200 PER PERSON, FOR THEIR EXPENSES INCURRED ON THE TRI P. ON MOTION BY COMMISSIONER LYONS, SECONDED BY COMMISSIONER Loy, THE BOARD UNANIMOUSLY AUTHORIZED SENDING TWO DELEGATES TO THE FLORIDA GOVERNORS CONFERENCE ON AGING IN ORLANDO AT AN ESTIMATED EXPENSE OF $200 EACH. CHAIRMAN SIEBERT ASKED MR. KOOLAGE IF HE COULD FIND ONE MORE PERSON FROM AARP TO BE A DELEGATE, MR. KOOLAGE COMMENTED THAT IF HE COULD NOT FIND ANYONE, HE WOULD BE HAPPY TO BE A DELEGATE HIMSELF. CHAIRMAN SIEBERT THEN READ THE FOLLOWING PROCLAMATION . REGARDING THE CENSUS: 3 MAR 2 01980 _ 0 _ SCK 43 wi l3-7 MAR 2 61980 - -- 0 P R 0 C L A M A T I p N WHEREAS, the Twentieth United States Decennial Census of Population and Housing will be conducted beginning on April 1, 1980; and WHEREAS, all the inhabitants of INDIAN RIVER COUNTY are to be enumerated in this census; and WHEREAS, the information collected in the census serves many useful purposes, among which are apportionment of repre- sentation in Congress and other legislative bodies,measure- ment of the economic well-being of communities and their in- 43 PAGE 1,38 habitants, allotment of certain Federal and State tax revenues and other financial aid to our communities, determination of future needs for public services, and numerous other useful pur- poses; and WHEREAS, the accuracy and completeness of the census for INDIAN RIVER COUNTY will determine its population rank among other communities of the country; NOW, THEREFORE, I, WILLARD W. SIEBERT, JR., CHAIRMAN OF THE BOARD OF COUNTY COMMISSIONERS OF INDIAN RIVER COUNTY, FLORIDA, do hereby proclaim April 1, 1980, as CENSUS DAY in INDIAN RIVER COUNTY, and do urge and implore -all -residents to cooperate fully during the month of April with _those who are charged with the responsibility of this important work. Dated this 26th day .of March, 1980. BOARD OF COUNTY COMMISSIONERS INDIAN RIVER COUNTY, FLORIDA Willard W. Siebert, Y ' Chairman CHAIRMAN SIEBERT NOTED THAT THE PURPOSE OF THIS SPECIAL MEETING IS TO APPROVE THE DOCUMENTS IN REGARD TO A $4,350,000 INDIAN RIVER COUNTY, FLORIDA CAPITAL IMPROVEMENT REVENUE BOND. ATTORNEY COLLINS COMMENTED THAT AT THE LAST COMMISSION MEETING, THE BOARD ELECTED TO GO THE BOND ROUTE AND SUBSEQUENT TO THAT DECISION, THE BOND COUNSEL HAS PREPARED THE DOCUMENTS; AND THE CLOSING IS TO TAKE PLACE ON APRIL 3, 1980. THE ATTORNEY THEN PROCEEDED TO READ THE FIRST DOCUMENT WHICH IS A RESOLUTION OF THE BOARD FIXING THE DATES, MATURITIES, INTEREST RATES, AND REDEMPTION PROVISIONS FOR THE $4,350,000 CAPITAL IMPROVEMENT REVENUE BONDS. ON MOTION BY COMMISSIONER Loy, SECONDED BY COMMISSIONER LYONS, THE BOARD UNANIMOUSLY ADOPTED RESOLUTION No, 80-32 AS OUTLINED ABOVE BY THE ATTORNEY. wl Do . 43, f,* 39 ,- R 2 61986 RESOLUTION No. 80-32 X ox 43 PAGE 140 A RESOLUTION OF THE BOARD OF COUNTY COMMISSIONERS- OF INDIAN RIVER COUNTY, FLORIDA, FIXING THE DATES, MATURITIES, INTEREST RATES, .AND REDEMPTION PROVISIONS FOR THE $4,350,000 CAPITAL IMPROVEMENT REVENUE BONDS, SERIES 1980, OF THE COUNTY; DESIGNATING THE PAYING AGENT FOR SAID BONDS; RE -AWARDING SAID BONDS TO THE PURCHASER THEREOF; AUTHORIZING USE OF AN OFFICIAL STATEMENT FOR SAID BONDS; AND PROVIDING AN EFFECTIVE DATE. WHEREAS, the Board of County Commissioners (the "Board") of Indian River County, Florida (the "County"), has heretofore by a resolution adoptdd on November 21, 1979, authorized the issuance of $4,350,000 Capital Improvement Revenue Bonds, Series 1980 (the "Bonds"); and WHEREAS, the Board deems it in the best interest of the County that said Bonds be sold at this time; and WHEREAS, it is necessary to fix the dates, maturities, interest rates, and redemption provisions for the Bonds; and WHEREAS, it is necessary to designate a paying agent for the Bonds; and WHEREAS, William R. Hough & Co. (hereinafter called "Purchaser"), has previously submitted a proposal for the purchase of said Bonds, which proposal was approved by the Board; and WHEREAS, it is necessary to authorize the use of an Official Statement for said Bonds; now therefore, BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF INDIAN RIVER COUNTY, FLORIDA: SECTION 1. $4,350,000 principal amount of the Bonds, being the total amount of the Bonds heretofore authorized, shall be issued. SECTION 2. The Bonds shall be dated April 1, 1980, shall bear interest, payable semiannually on April 1 and October i of each year commencing October 1, 1980, at the rates per annum, and shall mature in numerical order on October 1 in the years and amounts as follows: -1- SECTION 3. The redemption provisions for the Bonds shall be as follows: "The Bonds maturing in the years 1981 to 1990, inclusive, shall not be redeemable prior to their stated dates of maturity. The Bonds maturing in the year 1991 and thereafter shall be redeemable from moneys available for such purpose, at the option of the County, in whole or in part, but inverse order of maturities and by lot within maturities if less than a full maturity, on October 1, 1990, or on any interest payment date thereafter, at the price of par and accrued interest to the date of redemption, plus a premium equal to three per centum (3%) of the principal amount of Bonds so redeemed if redeemed on October 1, 1990. Such premium shall reduce by one-fourth of one per centum (1/4 of 1%) on each interest payment date thereafter." SECTION 4. The Bonds shall be payable as to both prin- cipal and interest at Central Plaza Bank & Trust Co., St. Petersburg, Florida. SECTION 5. The Bonds are hereby awarded and sold to the Purchaser at the price of $4,242,912 and accrued interest from April 1, 1980 to the date of delivery thereof. Such award is made pursuant to the terms of the contract of purchase pre- viously submitted by the Purchaser on March 12 , 1980, • and approved by resolution of the Board on March 12 , 1980, which contract is hereby expressly reapproved. SECTION 6. The proper officers of the County be and they are hereby authorized to execute the Official Statement dated March 21, 1980, as to the Bonds and to deliver same to the Purchaser for use by it in connection with the sale and distribu- - 2 - BOOK 43, 'PAGE I41 Interest Interest Year -Amount Rate Year Amount Rate 1981 $35,000 8.75% 1996 $115,000 8.40 1982 40,000 8.75 1997 125,000 8.50 1983 45,000 8.75 1998 135,000 8.50 1984 45,000 8.75 1999 145,000 8.60 1985 50,000 8.75 2000 160,000 8.60 1986 55,000 8.75 2001 175,000 8.70 1987 55,000 8.75 2002 190,000 8.70 1988 60,000 8.75 2003 210,000 8.70 1989 65,000 8.75 2004 230,000 8.70 1990 70,000 8.75 2005 250,000 8.70 1991 75,000 8.00 2006 275,000 8.75 1992 85, 00.0 8.10 2007 295,000 8.75 1993 90,000 8.15 2008 325,000 8.75 1994 100,000 8.20 2009 355,000 8.75 1995 105,000 8.30 2010 390,000 8.75 SECTION 3. The redemption provisions for the Bonds shall be as follows: "The Bonds maturing in the years 1981 to 1990, inclusive, shall not be redeemable prior to their stated dates of maturity. The Bonds maturing in the year 1991 and thereafter shall be redeemable from moneys available for such purpose, at the option of the County, in whole or in part, but inverse order of maturities and by lot within maturities if less than a full maturity, on October 1, 1990, or on any interest payment date thereafter, at the price of par and accrued interest to the date of redemption, plus a premium equal to three per centum (3%) of the principal amount of Bonds so redeemed if redeemed on October 1, 1990. Such premium shall reduce by one-fourth of one per centum (1/4 of 1%) on each interest payment date thereafter." SECTION 4. The Bonds shall be payable as to both prin- cipal and interest at Central Plaza Bank & Trust Co., St. Petersburg, Florida. SECTION 5. The Bonds are hereby awarded and sold to the Purchaser at the price of $4,242,912 and accrued interest from April 1, 1980 to the date of delivery thereof. Such award is made pursuant to the terms of the contract of purchase pre- viously submitted by the Purchaser on March 12 , 1980, • and approved by resolution of the Board on March 12 , 1980, which contract is hereby expressly reapproved. SECTION 6. The proper officers of the County be and they are hereby authorized to execute the Official Statement dated March 21, 1980, as to the Bonds and to deliver same to the Purchaser for use by it in connection with the sale and distribu- - 2 - BOOK 43, 'PAGE I41 -MAR 2 61990 Booz 43 PAGE 142 tion of the Bonds. SECTION 7. The proper officers of the County be and they are hereby authorized to act for the County and to sign any and all documents necessary to effectuate the delivery of the Bonds. SECTION 8. All resolutions or parts of resolutions in conflict herewith are hereby repealed. SECTION 9.' This resolution shall take effect imme- diately upon its adoption. -3- THE ATTORNEY EXPLAINED TO THE BOARD THAT THE DOCUMENTS WERE JUST PONY -EXPRESSED TO THE COUNTY YESTERDAY AFTERNOON AND THAT IS WHY THE BOARD DOES NOT HAVE COPIES OF THE DOCUMENTS. HE THEN REVIEWED THE FOLLOWING DOCUMENTS WITH THE BOARD: 1. INCUMBENCY CERTIFICATE 2. PUBLIC MEETINGS CERTIFICATE 3. SIGNATURE AND NO LITIGATION CERTIFICATE 4. CERTIFICATE AS TO OFFICIAL STATEMENT 5. NON -ARBITRAGE CERTIFICATE 6. CERTIFICATE OF DELIVERY AND PAYMENT 7. RECEIPT OF BONDS ATTORNEY COLLINS REQUESTED THAT THE COMMISSIONERS APPROVE THE EXECUTION OF THE DOCUMENTS AND AUTHORIZE THE APPROPRIATE PERSONS TO SIGN. ON MOTION BY COMMISSIONER LYONS, SECONDED BY COMMISSIONER Loy, THE BOARD UNANIMOUSLY APPROVED THE EXECUTION OF THE ABOVE-NAMED DOCUMENTS AND AUTHORIZED THE SIGNATURES OF THE APPROPRIATE PERSONS• THERE BEING NO FURTHER BUSINESS, ON MOTION MADE, SECONDED AND CARRIED, THE BOARD ADJOURNED AT IO:OO O'CLOCK A.M. ATTEST: CLERK 'CHAIRMAN 9 BOW( 43 PAGE 143