HomeMy WebLinkAboutMinutes_Regular_12/23/1975~~
MINUTES OF THE MEETING OF THE COUNGIL OF
THE VILLAGE OF TEQUESTA, FLORIDA
December 23 , 1975,
A Council meeting of the Village of Tequesta was
held on Tuesday, December 23, 1975 at 7:30 P.M., in the
Village Hall. Present were Little, Campbell and Yoder.
Jones was sick and unable to attend. Baron had advised
Council at the December 9, 1975 Council meeting that he
would be out of town for this meeting. Also present were-
Robert Harp, Village Manager, Cyrese Colbert, Village Clerk
and John C. Randolph, Village Attorney. Opening Prayer
and Pledge of Allegiance to the Flag was: given by Mayor Little.
Campbell moved, F'they (minutes of November 11, 1975 Council
meetin )1 be received". The motion was adopted. Yoder moved,
"they minutes of November 25, 1975 Council meeting) be acceptedi'.
The motion was adopted. Campbell moved, "they (minutes of
December 9, 1975 Council meeting) be accepted". The motion was
adopted.
• Campbell moved, T'they (Village Manager's report for
November 9 through November 22, 1975 and November 23 through
December 21, 1975) be accepted.
Campbell moved, !°they (financial statement for November,
1975) be accepted". The motion was adopted.
Campbell moved, "that they (Water Department Financial
Statement for November, 1975) be accepted". The motion was
adopted.
The Village Attorney read a Resolution, by title only,
providing for the acquistion and construction of additions,
extensions and improvements to the water system of the Village
of Tequesta, Florida; providing for the issuance of not exceeding
$365,000 Water Revenue Certificates,, Series 1975, to PaY the
cost of such project; providing, for the rights of ..the holders of
such certificates; providing for the payment thereof; and making
certain other covenants and agreements in connection with the
issuance of such certificates. Council adjourned the meeting
at $:25 P.M., in order for the Village Attorney to telephone the
Village Water Systems Bond Counsel regarding questions asked
by the Council about the Resolution. The meeting was called to
order again at $:37 P.M. Corrections made to the Resolution were
-15-
12-23-75 -2
on page 15, paragraph 1, change from ...deposit the entire gross
revenues...,to, ...deposit the remainder of the gross revenues...,
on page 1$, section E, change from ...within 60 days..., to, ...
within 120 days...., and on page 21, section M, change ...at least
forty-five (45) days,preceding...,to, ...at least twenty (20)
days preceding.... Campbell moved, nthat we pass this Resolution
with the corrections so noted". Vote on the motion was:
Little -For
Campbell- -For
Yoder -For
therefore Resolution No. 3-75/76 was adopted.
The Village Manager read a letter from the First National
Bank and Trust Company of Jupiter/Tequesta stating that the
bank's Executive Committee has approved a $300,000 loan to the
Village at 72~ per annum to be due and payable on or before
December 15, 1976.
Mr. Joe B. Wise, William R. Hough & Company was present
and presented a written proposal for his company to purchase
300,000 Tax Anticipation Notes due December 15, 1976 for
297,366 bearing interest at a rate of 6~ per annum. Also
that his company agrees to pay the cost of the approving
legal opinion of Freeman, Richardson,- Watson, Slade and
McCarthy, and for the cost of printing and delivery of the
• notes. Campbell moved, "that we should discuss this matter}T.
The motion was adopted. After some discussion Yoder moved,
t~that we accept this offer of $300,OOOi'. The motion was
adopted.
The Village Attorney read a Resolution providing for the
issuance by the Village of Tequesta, Florida, of tax anticipation
notes in the amount of $300,000 due and payable December 15, 1976,
to advance funds for the cost of moving water lines to accomodate
the widening of roads in the Village; containing other provisions
relating to such notes; and providing an effective date. There
were several corrections rrlade by Council to the Resolution which
appear in the Clerkts Copp, Yoder moved, "we approve the
Resolution as amended'r. Vote on ,the motion was:
Little -For
Campbell -For.
Yoder -For
and therefore Resolution No. ~-75/76 was adopted.
Campbell moved, "we discuss this matter (authorizing the
advertising for bids for the relocation of the water mains on
State Road 5 (U.S. No. 1)". The motion was adopted. After some
r1
LJ
-16-
12-23-75 -3
discussion Campbell moved, "we authorize the advertising for
'aids for the relocation oi' the water mains on State Road 5t'.
`?'he motion was adopted.
Yoder told Council there is to be a meeting of ENCON and
Martin County on January 31, 176.
Yoder moved, "to open a "Water Main Relocation" Account".
The motion was adopted.
The meeting was adjourned at 9:1x.6 P.M.
Cyr se Colbert
•
-17-