12-21-82SpMtg DECEMBER 21, 1982
A special meeting of the City Council of the City of Delray
Beach, Florida, was called to order by Mayor Willard V. Young in the
Council Chambers at City Hall at 5:05 P.M., Tuesday, December 21, 1982.
1. Roll call showed:
Present - Council Member Malcolm T. Bird
Council Member Leo A. Blair
Council Member Arthur Jackel
Council Member Edward L. Perry
Mayor Willard V. Young
Absent - None
Also present were - Assistant City Manager Bonita Gooch and
City Attorney Herbert W.A. Thiele.
Mayor Young called the meeting to order and announced that
this meeting has been called for the purpose of considering (1) Resolu-
tion No. 113-82 regarding the issuance of $4,000,000 Water and Sewer
Revenue Bonds, Series 1983, and (2) considering approval of insurance
settlement for the Delray Beach Country Club.
1. The City Attorney advised that the resolution is in final
form, more or less; there are two corrections to be made. On page 31,
line 16, the phrase beginning "the Barnett Bank of Delray Beach, Florida,
or such other" should be deleted and the word "certain" inserted in its
place. Also, on page 33, line 7, the phrase beginning "on May 15 and
November 15 of each year" is deleted and "at least one day prior to the
payment dates" inserted.
The Assistant City Manager presented Resolution No. 113-82:
A RESOLUTION AUTHORIZING THE ISSUANCE OF NOT EXCEEDING
$4,000,000 WATER AND SEWER REVENUE BONDS OF THE CITY OF
DELRAY BEACH, FLORIDA, TO FINANCE THE COST OF CONSTRUC-
TION OF ADDITIONS, EXTENSIONS AND IMPROVEMENTS TO THE
CITY'S COMBINED PUBLIC UTILITY; AND PROVIDING FOR THE
TERMS OF SAID WATER AND SEWER REVENUE BONDS, AND THE
RIGHTS, REMEDIES AND SECURITY OF THE HOLDERS OF SAID
%~ATER AND SEWER REVENUE BONDS.
(Copy of Resolution No. 113-82 is on file in the official
Resolution Book)
The City Attorney read the caption of the resolution.
Mr. Perry moved for the adoption of Resolution No. 113-82 as
corrected, seconded by Mr. Blair. Upon roll call Council voted as
follows: Mr. Bird - Yes; Mr. Blair - Yes; Mr. Jackel - Yes; Mr. Perry -
Yes; Mayor Young - Yes. Said motion passed with a 5 to 0 vote.
2. Mr. Perry asked if this settlement is typical with about 20
percent.lacking. Mr. Bird advised that what happens is the policy is
written which covers full cost or replacement less a negotiated amount
which equates to wear and tear, depreciation, etc. The City Attorney
stated that some of the carts were quite old.
Mr. Blair moved to approve the insurance settlement for the
Delray Beach Country Club, seconded by Mr. Bird. Said motion passed
unanimously.
Mayor Young declared the meeting adjourned at 5:15 P.M.
ty Clerk
ATTEST:
MAYOR
The undersigned is the City Clerk of the City of Delray
Beach and that the information provided herein is the minutes of the
meeting of said City Council of December 21, 1982, which minutes were
formally approved and adopted by the City Council on ~ /~ /~f~ .
/-
7 Clerk
NOTE TO READER:
If the minutes that you have received are not completed as indicated
above, then this means that these are not the official minutes of City
Council. They will become the official minutes only after they have
been reviewed and approved which may involve some amendments, additions,
or deletions to the minutes as set forth above.
- 2 - 12/21/82