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HomeMy WebLinkAboutMinutes_Workshop_07/21/1988.~ VILLAGE OF TEQUESTA Post Office Box 3273 • 357 Tequesta Drive Tequesta, Florida 33469-0273 (407) 746-7457 VILLAGE OF TEQUESTA VILLAGE COUNCIL WORKSHOP MEETING MINUTES JULY 21, 1988 I. The Tequesta Village Council held a Workshop Meeting at the Village Hall, 357 Tequesta Drive, Tequesta, Florida, on Thursday, July 21, 1988 to review the proposed budget for the Capital Improvement Fund for FY 89. The meeting was called to order at 9:00 A.M. and the roll call was taken by the Village Clerk. Councilmembers present were: Ron T. Mackail, Mayor; Edward C. Howell, Vice-Mayor; and Joseph N. Capretta. Councilmembers Earl L. Collings and William E. Burckart were excused from the meeting. Village Officials present were: Thomas G. Bradford, Village Manager; Wendy K. Harrison, Administrative Assistant to the Village Manager; Capt. Carl Roderick, Acting Police Chief; and Bill C. Kascavelis, Finance Director/Clerk. • II. The Village Manager reviewed the proposed Capital Improvement Fund budget for FY 89 and presented a slide presentation showing various locations throughout the Village where capital improvements were planned. Capital Improvement Fund expenditures budgeted for FY 89 totalled 5479,225, revenues projected for FY 89 totalled 5482,500. Mr. Bradford also noted that borrowing anticipated during FY 88 from the Water Department Enterprise Fund was estimated at $210,000 which was necessary for funding the Tequesta Drive Widening Improvement Project. Capital Improvements proposed for the Five-Year Capital Improvement Program totalled 52,657,850 requiring external financing in the year 1992 in the amount of 51,300,000 by the issuance of general obligation bonds, requiring a millage rate of .54 mills to fund the new public safety building. Two other alternative five-year capital improvement programs were reviewed. The first alternative provided for special assessment for the Cypress Drive Drainage Project, which would reduce the borrowing necessary in FY 92 from 51,300,000 as previously proposed to $1,130,000. The second alternative financing plan proposed provided for the creation of a storm sewage utility for drainage projects which would result in the borrowing . required in FY 92 to be reduced to $700,000. . Council Workshop Minutes July 21, 1988 Page 2- Upon completion of a lengthy review of the projects contained within the proposed five-year capital improvement program, it was the consensus of Coucil that Mr. Bradford schedule a meeting with our engineers to review the storm sewer utility enterprise concept. Councilmember Capretta stated that many issues have been before the Council for a considerable period of time without being resolved. He also noted that other issues and improvements lack detail in their presentation to Council. He sited examples as the Gallery Square North parking lot disposition and the Cypress Drive Drainage Project. He suggested that Council focus on the issues before them, and provide the Village Mananger and Staff with specific direction to resolve such matters. Accordingly, Mr. Capretta requested that the Village Manager notify the Committee Chairman of the recently established Standing Committees of Council of all pending matters requiring Council's direction and schedule meetings to be held by the • Standing Committees of Council for the purpose of providing recommendations to the Council and direction to the Village Manager for disposition of these matters. NOTE: A copy of the proposed Capital Improvement Budget is attached and made a part of these minutes for informational purposes. There being no other business before the Council, the Workshop Meeting was adjourned at 11:25 A.M. Respectfully submitted, ~` . i` ~/` -- ~ ~ " ~/ ~ ~,~, 7,~ Bill C. Kasc/velis Finance Dire for/Clerk BCK/krb Attachments •